Why blockchain issues tokens

1. blockchain technology can be applied to many instries:
Art Instry
ascribe allows artists to declare ownership, issue numbered and limited edition works, and aim at any type of artwork in digital form. It even includes a trading market where artists can buy and sell through their websites without any intermediary services
legal instry
bitproof is the most advanced of many document time stamp applications emerging in recent years, which will make the traditional notarization method a thing of the past. Bitproof offers more services than versions including blocksgin and originstaemp, including one for intellectual property. Interestingly, bitproof recently cooperated with an it school in San Francisco to put their students' academic certificates on the blockchain, completely redefining how to handle and use diplomas and student certificates
development instry
colu is the first enterprise to allow other enterprises to issue digital assets. They can "token" all kinds of assets and make a profound impact on many people. Although the bitcoin wallet couperparty also allows the issuance of simple tokens and transactions among other wallet holders, the tokens of colu can be set with various states and types, and can be detached from or returned to the system. When the data stored on the blockchain is too large, the data can be stored on the BitTorrent network
network mutual aid instry

concentric mutual aid is the first blockchain network mutual aid platform to be implemented and applied. Technically, through blockchain and big data technology, the defects of traditional network mutual aid mode can be eliminated, and a new open and transparent network mutual aid platform can be established.

2. We know that the state has always advocated "no money" blockchain. That is to say, don't use the chain&# 8204;&# 8204;&# 8204; Currency, support technology development, do not support issuing currency

of course, the coin here is what we often call token, which originally means token (temporary) in computer identity authentication. With the popularity of blockchain and digital currency, people have a variety of translations for token, including token, integral, certificate, logo, indicator, etc

the understanding of token in the market can be divided into two categories

in the first category, 99% of the people think token means token, because 99.9% of the projects do the same thing. Set up a foundation, build a website, write a white paper, and then go to ICO. Because most of the projects are still in the conceptual stage, token itself has no other meaning except trading, so people call it token, which performs the function of currency to some extent

in the second category, professionals and institutions are more willing to translate token into proof of equity, or token. For example, a person's identity certificate, academic certificate, equity, bonds, points, bills, etc., are authentic and tamperable because of the proof of rights and interests. Every proof of interest becomes more secure and reliable through the protection of cryptography

therefore, blockchain is not only a technology, but also a new mode of proction and organization, even a new thinking

so, the question now is, does the blockchain project have to issue currency

answer: you may not issue currency. Not all blockchain projects need to be issued with currency, and it is not necessarily blockchain projects that issue currency

for example, the alliance chain does not need to issue coins. For example, Tencent's q-coin, in principle, is also a kind of currency, but it is not a blockchain project

therefore, the two are not related, but if they are public chains, they need to issue coins. Why

let's take bitcoin as an example. Bitcoin system as a public chain must rely on the existence of bitcoin. Public chain obtains the stability and non tamperability of its system through the nodes distributed all over the world, and these properties are the basis for the existence of public chain

imagine that if the bitcoin system is unstable or can be easily tampered with, bitcoin will be worthless. These nodes are not set up by one or several companies, otherwise they are equivalent to private chain or alliance chain. These nodes must be built dynamically by many participants. And the existence of these nodes must need some kind of incentive, otherwise why do the builders of these nodes want to participate in your system. And this kind of incentive must be integrated with the blockchain system, and it must be money

then why is it currency, not legal currency, such as RMB, as an incentive

if RMB is used as incentive, because RMB should be stored in the RMB account, and the account itself is centralized, so it's easy to be controlled. Just think about why domestic bitcoin exchanges are so afraid of the central bank, and they are afraid of being weaned. In addition, RMB can't react with smart contracts within the blockchain

the electronic currency issued by the central bank can not be used as the original currency and incentive of a blockchain system. Why

if the central bank or a rich person wants to destroy a project, they just need to take out enough e-money to do enough nodes and attack 51%. Therefore, it is impossible to use the e-money issued by the central bank as the original currency and incentive blockchain system. However, blockchain projects with independent native currency and incentives have no such worries

If a person or organization wants to get enough nodes to carry out 51% attacks, it must first get more than 50% enough coins, and the amount of coins in the market is certain, so before it gets enough coins, the soaring price will make it hard for him to bear

therefore, a public chain project must have money. A public chain project without money is like a castrated person

in addition, only through the token and reasonable stimulation of output, can the proction relationship be changed and the value of blockchain be brought into play. Therefore, the project must have token, which can promote the development of the project faster. Token solves the problem of incentive and consensus, and incentive solves the problem of autonomy. The positive autonomous economic ecosystem and the underlying technology of blockchain are a perfect combination.

3. If you want to ask what's the most popular in 2018, I believe you will say it's blockchain

since last year, a variety of digital currencies have emerged in an endless stream, and blockchain has also been on fire

many people are connected with blockchain as soon as they mention currency speculation; As soon as you hear that an enterprise is doing a blockchain, you will immediately ask if you want to issue money

it seems that blockchain is equivalent to digital currency, and the purpose of studying blockchain is to speculate in currency< br />


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when you are new to blockchain or digital currency, it is reasonable to equate blockchain with currency speculation

after all, if it wasn't for the growing popularity of bitcoin, no one might have paid attention to blockchain technology so far. If it wasn't for more and more people investing in bitcoin, no institution would have issued a variety of other digital currencies

however, after in-depth understanding of blockchain and digital currency, we still think that blockchain is money speculation, so our understanding is really a bit biased

blockchain is the underlying technology of bitcoin. No matter bitcoin, Ethereum, lightcoin or other various tokens, they are all applications based on blockchain technology

but this does not mean that the blockchain can only be used to issue money, just like fish is raised in the water, but it can not be said that fish is water, and hairy crabs and crayfish can grow in the water

in addition to the various tokens we see at present, blockchain has a very broad application prospect

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so what is a blockchain

to put it clearly, blockchain is: "blockchain is a kind of technical mole or encryption algorithm that is both basic application and top-level design. It breaks the barrier that an information is only saved by one central server or multiple services in the past, and copies the same information to more places at the same time, such as 1 million servers. Only when more than half of the stored information has been tampered with can chaos be caused. "

in a word, understand the relationship between bitcoin and blockchain:

blockchain is a technical concept born from bitcoin encryption technology

bitcoin is a kind of digital virtual currency, followed by the payment currency as a contribution to storage computing power

if you want to store the same information in countless servers, who will store it for free? There has to be a reward. Bitcoin is a reward for accepting free storage. This reward is a virtual thing called bitcoin.

5. The fourth type of blockchain project is asset token project. What are the characteristics of asset token project? What are the typical representatives
the fourth category is the asset token blockchain project. Asset token refers to linking blockchain assets to physical assets such as gold and US dollars. It is the blockchain mapping of physical assets. At present, there are no more than 10 varieties. The typical representative is usdt against US dollars, digix Dao against gold, digix. Each token represents 1 gram of Gold Certified by London Bullion Market Association
asset token has the advantages of convenient transaction and storage. First of all, asset token is more convenient for transaction. Because blockchain assets can be split, it has better liquidity. For example, at present, real estate needs to be transferred as a whole. If the real estate can be token, it can be split and purchased, which is more convenient for transaction
secondly, the token of physical assets is more concive to custody. Gold is easy to wear out and cause losses in physical transactions. However, after the token of physical assets, there is no need for physical transfer, which is more concive to the custody of physical assets.

6. Blockchain technology is the underlying technology of bitcoin, and bitcoin is the first application of blockchain
the transaction information of bitcoin is recorded in a decentralized ledger, which is called blockchain
according to the principle of cryptography, each block is connected in chronological order to form a chain structure, so it is named blockchain.

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8. Recently, the owners of blockchain should know that sto is everywhere. What is sto
sto is a security token. How did it come into being out of thin air? Looking at the situation of ICO this year, the emergence of STO is by no means accidental. Compared with ICO decentralization, it only needs to finance through virtual currency, with low threshold and high risk. Sto is issued under legal and compliance supervision, and is mortgaged by offline tangible assets. The increase of investment threshold also greatly reces the risk, so sto securities token issue has become the object of everyone's pursuit. How to launch sto project
1. First of all, prepare a complete set of project release plan, including white paper revision, project carding and scheme design, which is equivalent to the preliminary preparation of the project
2. Second, architecture. What do you mean? Just like the previous ICO, sto also needs to be registered as an overseas entity company. At present, we know that sto is mainly distributed in the United States, Singapore and European countries
3. Legal compliance is required after the principal company is registered. For example, the principal company registered in the United States or Singapore must find the corresponding law firm to provide relevant legal compliance documents
4. The token can be released when all the above are ready.

9. Nowadays, under such a loose economic regulatory environment in Singapore, it is very important whether the nature of digital token issue has non security attribute. 9.19 at the Singapore coindesk consensus conference, there are three types of tokens in Singapore: application token, payment token and security token. The regulations on the supervision of various tokens are also different
the monetary authority of Singapore has also announced an important piece of good news - it is testing the central bank currency based on blockchain technology and can be used for inter-bank settlement. For project investors, there is a shortcut to how to issue blockchain technology tokens in Singapore: register the Singapore public non-profit foundation to prove that the token is non securities, and then issue it.
the process of registering the Singapore foundation is as follows:
1. Provide the English version of the name of the foundation, and use it after passing the name search
2. Provide the ID cards of three registrants, one of whom is required by the registration board to be a director of Singapore nationality
3. Registered address in Singapore
4. Business scope of the foundation (optional)
5. Registered capital: S $1, no capital verification
6. Registration time: 10-25 working days
in addition, the Singapore registered foundation also needs a local business secretary, lawyer and auditor. After the foundation is registered, it needs to make legal compliance for the issued token, that is, to prove that the token does not have the nature of securities and futures, which can better prevent the supervision of the HKMA.