RMB circulation of blockchain Technology

1. blockchain is a kind of technology. "In the simplest and most popular way, blockchain technology is everyone bookkeeping, or distributed ledger."
in the Internet era, there is a database behind every system. This database can be regarded as a large account book. In the past, the person who maintained the system was responsible for managing the database and recording the user's behavior, that is, bookkeeping. However, the blockchain is "decentralized", which allows every member of the system to participate in it, not only everyone bookkeeping, but also through links, Everyone can have a complete account book
"blockchain is essentially a collective recording mode. What's special is that it adopts a set of techniques in an ingenious way to realize the authenticity and credibility of the recorded results, which is difficult to destroy and tamper with. " Zhang Xiaorong said, "first, everyone has the right to record and authenticate with each other to distinguish the true from the false, which is called consensus mechanism; Second, no one can tamper with the records, because there are cryptographic signatures; Third, everyone has a , so even if some account books are damaged, the whole will not be affected. This is called distributed storage. The information recorded in this way is presented in block mode according to the time chain, so it is called blockchain. "
various cryptocurrencies represented by bitcoin are originally an application of blockchain technology, which can be described as blockchain version 1.0. However, around 2014, the instry began to realize the important value of blockchain technology. Blockchain graally separated from digital currency and applied to various economic and social fields other than digital currency
it has broad application prospects
blockchain technology is considered as a disruptive innovation after steam engine, electric power and Internet. If the steam engine and electricity liberate the proctivity, and the Internet has changed the way of information transmission, the blockchain, as a machine for building trust, may change the way of value transmission
for example, in the financial field, the cost of reconciliation, clearing and settlement between financial institutions, especially cross-border financial institutions, has always been very high, and there are complex manual processes. The application of blockchain technology can help rece the cost of reconciliation and dispute resolution between financial institutions, and significantly improve the processing speed and efficiency of payment business, It also makes small cross-border payments possible. In December 2017, China Merchants Bank completed the RMB position transfer business from Hongkong Wing Lung Bank to Shenzhen Branch of Wing Lung Bank. This is the world's first interbank cross-border RMB clearing business based on blockchain technology
in addition, according to the white paper 2016 on China's blockchain technology and application development issued by the Ministry of instry and information technology of China, the application of blockchain has been extended to medical and health, ecation, charity, social management and other fields. Taking the cultural instry as an example, the low cost of reproction, the high cost of safeguarding rights, and the difficulty of providing evidence make the protection of intellectual property rights a pain point for the instry. With blockchain, the proction, dissemination and transaction records of cultural procts are true, transparent and reliable, and the problem can be solved
Zhang Xiaorong said that blockchain technology has solved two major problems in the era of Digital Economy: one is the visible flow direction, and the other is zero trust cost. In the past, the circulation of physical paper money was invisible, but the flow of all digital assets had a "chain" to check. Yang Yanchao, a researcher at the intellectual property center of the Chinese Academy of Social Sciences, also believes that the biggest advantage of blockchain is that it has truly completed the credit construction in an anonymous society, bringing new opportunities to many fields, thus making various innovative applications possible
there is a long way to go in the future development
in terms of technology promotion, there is no big barrier to blockchain, which has been confirmed in the global practice of bitcoin, and its main resistance comes from the obstacles in concept and implementation
"on the one hand, the society may be very concerned about the" naked "state in the blockchain. Blockchain has built a "Skynet" for the commercial society. The company's economic activities are all recorded, so there is no secret to speak of. In this way, some business strategies may not be implemented under the blockchain. "
"on the other hand, the current legal system lags behind the development of information technology, so how to put the emerging blockchain technology under the legal supervision needs to be studied." Duan Yongchao said
the core of blockchain is decentralization, which will have an impact on the long-standing central management model. In addition to the law, how to establish a regulatory environment that can promote the application of blockchain technology, so that the technology can benefit the society and not be used to do evil, is also an urgent problem to be solved.

2.

A regular blockchain project that can be applied to blockchain financial solutions and double your investment will have the following points at the same time: (take out a small book and record)

1. There will be money, but it is not a virtual currency for speculation

why should there be money in blockchain projects? What is the function of this coin? Currency plays the role of voucher and circulation in the project. In fact, the slip can also play the role of voucher and circulation. For example, the IOU, or even the stamped IOU, can be used as voucher and circulation? Yes! However, notes can be forged, while things on the blockchain cannot be forged and are the only one. That's why blockchain projects need money. However, it should be noted that this currency is not used for speculation, but is complementary to the business. It not only has the property of transaction, but also has the property of cash dividend. Generally speaking, even if it is put still, it will not affect the project operation and investment income

2, there must be investment guarantee mechanism

that is to say, your income should be stable and sustainable, rather than based on speculation. It's said that you have to get your own return on investment. The so-called return on investment must be obtained without much cost. In other words, someone has to run the business and do something. Do you understand? Only in this way can you increase the value of your investment. The investment return mechanism should be guaranteed by law

3, with real business system and hematopoietic capacity

a complete business entity and hematopoietic capacity are the basis for all investments to gain value added! Without a complete business system and hematopoietic capacity, any investment will not get stable, reliable and sustainable value-added

if you want your investment insurance and safety, these three points are essential. If you have these three points at the same time, it will be sooner or later for you to make money. Without these three points, your investment will basically drift away

3. This is absolutely pyramid selling. It's very popular in Xianyang, Xi'an. It deceives a lot of people. My mother was cheated. I know a few upper class swindlers. They are always called Yang Yonggang and Li Lintao

4. This is basically unrealistic. Let alone this currency, even bitcoin, which is the most well-known currency at present, is difficult to become a currency in global circulation. Although theoretically it can be circulated in the world, in fact the scope of circulation is very limited
in fact, the global payment blockchain R9 has false publicity, misleading investors. Blockchain is a reliable technology, anyone can use blockchain to develop related applications. For example, Ethereum, distributed content publishing platform, decent

5. It matters. It doesn't matter
the essential feature of digital currency is that it can be used as a currency. First, decentralization. That is, you give me money, you are a point, I am a point. The bank is the center. Responsible for transfer and bookkeeping. Blockchain has no center. Direct point-to-point trading
the second is anonymity. The two sides do not know who the other side is through Internet transactions
thirdly, it is an account book that cannot be tampered with. Because of the consensus mechanism, POW obtains the bookkeeping right to form a block. In other words, you and I can only find that the transaction is recorded in a block, but it cannot be tampered with

Digital RMB is owned by the central bank. The people's Bank of China. It's just blockchain technology. Electronic RMB is more accurate.

6. Yes, led by the people's Bank of China and developed by Jiangsu Rongze Information Technology Co., Ltd., the crown number circulation platform based on blockchain technology can manage the crown number generated by the inter-bank payment business of various financial institutions, and realize the synchronous circulation of number information and things. That is to say, with this management system, where does the RMB circulate, Whether there is the risk of money laundering, cracking down on illegal activities of RMB, and the risk of counterfeit currency have been well prevented. Everything is under the information record of the blockchain system, and it can not be tampered with. It is practical and convenient, recing 70% of the repeated sorting of cash objects.

7. Convert to RMB for bookkeeping

8. It can save labor cost and realize the traceability of every RMB in the whole process of circulation in financial institutions. It is of positive significance for RMB circulation management, preventing the risk of counterfeit currency, preventing the risk of money laundering, and cracking down on illegal and criminal activities related to RMB transactions. At present, only Rongze is doing this in the pilot, and if the effect is OK, it will be spread out more.

9. Yes, it can be changed into Hong Kong dollars. Yes, there is no problem at all.