Blockchain and IBM

1. Zhao Liang, general manager of banking instry of IBM Global Enterprise Consulting Service Department, believes that blockchain technology has broad application prospects in the fields of Internet finance, such as supply chain finance, digital bills, P2P financing, e-money, microfinance, cross-border payment, collateral management and contract execution, which can better connect financial institutions and non-financial enterprises
the principle of blockchain can be more widely used in other innovative fields. For example, blockchain is expected to establish a points exchange and transaction system, which can be used for the exchange and transaction of various points, such as telecom telephone fee points, aviation mileage points, hotel accommodation points, etc. In the field of Internet of things, IBM has cooperated with Kouvola innovation in Finland to establish a trusted cargo view of the whole process of logistics in the technology of blockchain and Watson Internet of things
in fact, in the next few years, the Internet of things will become one of the most exciting and largest application fields of blockchain. Blockchain solves the trust problem and financial transactions between massive devices and nodes in the Internet of things. The Internet of things based on blockchain and e-money can enable smart appliances to automatically complete financial transactions such as paying electricity bills, while IBM Watson cognitive technology can automatically recommend a more reasonable level of electricity consumption by learning historical data, which can form a real smart grid from the perspective of the whole society
in May 2016, two Chinese blockchain enterprises announced to join the hyperledger super ledger project led by IBM and Linux foundation. Also in May, Ping An Insurance Group announced to join the international R3 alliance to jointly develop innovative business applications based on distributed shared ledger technology with other financial institutions
now, blockchain is not only as simple as having influence on Internet technology, but also to create a new decentralized next-generation business model, which is the real significance of the blockchain revolution< br />

2. 1. What is the technology of blockchain? If we assume that the database is an account book, reading and writing the database can be regarded as a kind of bookkeeping behavior. The principle of blockchain technology is to find the fastest and best bookkeeper in a period of time, and then send this page of information of the account book to everyone else in the whole system.

3. Wanglian technology is a partner of IBM blockchain and serves global customers through IBM markerplace. Jointly enabling smart business ecology and building a global trust world

4. 1.
Weizhong bank
uses
blockchain
technology to carry out loan clearing
Weizhong bank joint
Shanghai Huarui bank
has put into trial operation an inter-bank
joint loan
clearing platform based on alliance
blockchain technology
to optimize the settlement and clearing of the joint loan of the two banks'
micro loan
. With the introction of this blockchain system,
all information
is recorded on the blockchain network, which can not be tampered with. The transaction process is cleared at the same time, realizing real-time clearing, saving a lot of manpower and material resources. This is the practical application of "alliance chain"<
2.
China UnionPay
uses blockchain technology to realize inter-bank points exchange
China UnionPay and IBM try to share blockchain technology
points system
. Using this blockchain system allows users to exchange bonus points across banks and platforms. In other words, the bonus points of one bank can be exchanged for bonus points of other banks, or even multiple airline mileage and supermarket awards. It greatly improves the use efficiency of bank points<
3.
Toyota
uses blockchain technology to track
auto parts
Toyota joins the alliance
R3
and stores the proction, processing and usage of each part in the blockchain through blockchain technology. In this way, when there is a problem with auto parts, the origin of the parts can be easily and quickly queried
4. The central bank's blockchain digital bill trading platform
the test of the blockchain based digital bill trading platform promoted by the central bank is successful. The introction of
digital currency
for settlement can realize the synchronous transfer of capital flow and information flow of digital bill transaction, so as to realize DVP bill settlement. At the same time, the blockchain digital identity solution solves the problem of repeated KYC authentication between different financial institutions<
5.
ant financial services
blockchain application
ant financial services' blockchain technology tests water insurance and helps to launch the first love rescue account of China's insurance instry. Blockchain technology makes every fund flow open and transparent, each fund flow data can not be tampered with, and the whereabouts and uses of each fund can be traced. Ant blockchain is used in
food safety traceability
and commodity traceability
Author: blockchain development company
link: https://www.jianshu.com/p/5ff8437bd58b
source:
brief book
the right belongs to the author. For commercial reprint, please contact the author for authorization. For non-commercial reprint, please indicate the source.

5. Generally speaking, blockchain technology refers to a way for the whole people to participate in bookkeeping. There is a database behind all the systems. You can think of the database as a big ledger. So it's very important who keeps this account book. At present, whose system will keep accounts, wechat's account book is Tencent's account book, and Taobao's account book is Ali's account book. But now in the blockchain system, everyone in the system can have the opportunity to participate in bookkeeping. If there is any data change in a certain period of time, everyone in the system can conct bookkeeping. The system will judge the person who has the fastest and best bookkeeping in this period, write the content of his records into the account book, and send the content of the account book to all other people in the system for backup. In this way, everyone in the system has a complete account book. This way, we call it blockchain technology
IBM loves it because it sees the potential of blockchain. Blockchain is popular all over the world. bitcoin, Ethereum and decent are all connected with bitcoin.

6. Strong growth of investment and opportunities
according to the latest data of Accenture, the investment in fintech in the Asia Pacific region increased from US $800 million in 2014 to US $3.5 billion in 2015. More and more VC companies are focusing on financial technology start-ups in Asia, and financial institutions are showing more and more interest in this field< According to McKinsey data, 59% and 876 million people in Asia belong to the non bank account group. Interestingly, however, Asia accounts for nearly half of the world's Internet users. In addition, the number of digital banking consumers in Asia will reach 1.7 billion by 2020 - which brings a lot of opportunities for fintech start-ups, among which a lot of problems are worth solving

huge market potential
Singapore is a small island country, but it has a huge and mature financial market. Compared with neighboring countries, it is not difficult to see that Singapore is naturally a bridge connecting fintech start-ups in the region< In other words, Singapore's advantage lies in its strategic center in Southeast Asia. In Singapore, a company can obtain:
· a single market with a size of more than 625 million people - ranking third in the world, larger than 319 million in the United States and 504 million in the European Union
· a huge market with a family size of 8 million people
· US $2.6 trillion
therefore, Singapore is an ideal test cradle for fintech solutions. Many start-ups start their businesses in Singapore and then extend their programs and procts to neighboring countries and regions
mature ecosystem
Singapore's advantageous environment is graally formed with the support of local government policies. Cbinsights pointed out that since 2015, Singapore's fintech entrepreneurship accelerators have increased significantly, including the UK acceleration program startupbootcamp fintech and finlab financial laboratory, and financial institutions such as DBS, Citibank, Credit Suisse, MetLife and UBS have also set up innovation laboratories in Singapore Most of the world's leading companies have offices in Singapore. This shows that the Asian market is a very important market. Blockchain projects such as decent and Ethereum are important markets in Asia.

7. Zhou Yefei, vice president of coin maker, has a lot of research in the field of blockchain and digital asset technology The evolution road of blockchain core technology algorithm evolution is very professional.

8. Blockchain is a kind of underlying technology based on the Internet, and it is also program coding. It can run tokens, such as cloud coin and bitcoin, in order to realize the transmission of value