Analysis on the value of blockchain financial management

1.

The most significant applications are

1. Think about using blockchain in enterprise applications to provide more flexible, safe and efficient business processes and distributed, independent markets. Blockchain allows asset owners to track and trade valuable things, such as outstanding invoices, on a transaction "chain" that is more secure, transparent, private and self-coordinating. This capability improves the speed and flexibility of cash and asset management. For example, you are afraid to buy fake things, because a manufacturer transfers proction to several middlemen, and then you buy through middlemen, not manufacturers. If all the data is distributed, point-to-point and transparent, you can buy and pay directly from the manufacturer

The automation market of other assets will be diversified. In essence, because the software itself is controlled and open architecture, and visible to all transaction participants, the transaction based on blockchain can rece the demand for third-party supervision. If the enterprise can publish the value information to multiple potential buyers, and for all buyers, the content can be trusted and visible, and the seller can't sell again, then an open and transparent competitive environment will be formed when purchasing, and the seller can get better prices

3. Rece business transaction friction. Managing spending is a challenge for most organizations. However, blockchain enables enterprises to create self-management networks for suppliers and partners, realize contract automation, real-time payment, tracking of goods transportation, and visibility of the whole supply chain. For example, if a company uses refrigerated containers to transport perishable goods, when the container temperature exceeds a certain threshold, the IOT sensor on the truck may call the smart contract on the blockchain. This will cause the corresponding order to be cancelled, and it will also be able to automatically create a new order, so that a second batch of goods can be sent immediately. Trucks with faulty refrigeration equipment can also go to the repair Office for repair

This kind of network can rece transaction errors and information omission by recing or eliminating human-computer interaction. Moreover, by connecting buyers and sellers directly, transactions can become faster. Manage and secure decentralized private records. Its traditional instry practice is to rely on a third party, using firewalls and restricted access to protect their shared information database. And frequent data leakage events show that this approach is not very ideal. A fundamental advantage of blockchain is that each indivial data record or element is encrypted by the key of a blockchain member. Cybercrime may need to obtain each key of each member in order to access all the blockchain data. This is not to say that blockchain can guarantee 100% security of all data, which helps to rece the possibility of exposure of a large number of private records

5. A reasonable application is the record of employees or students. Employers, ecational institutions and even instry certification bodies can add new qualifications, grades or work places when necessary. Imagine giving employees a key to access all their employee records as part of a secure blockchain containing human resources. Indivials can safely share their university transcripts or employment history with other companies or ecational institutions without relying on unreliable and easily falsified faxes. Trace the origin of procts and raw materials. Blockchain can help ensure proct quality and safety by simplifying the tracking and positioning of procts and raw materials in use. For example, if an automobile manufacturer forms a quality centered blockchain including parts suppliers, parts assemblers, quality control suppliers and public management organizations (such as the National Highway Traffic Safety Administration). Then the recall process of defective parts will be faster. It makes sense to think that thousands of people die every year because of defective car parts

6. Verify identity, verify published information and data. Create a better user control mechanism. Nowadays, user information is easy to be manipulated, distributed to third parties, or even sold, so as to create revenue streams for owners of social media platforms, which will never be shared with users of information. Blockchain can disrupt all of these activities. It allows users to control their own information and its exact location. No platform can be accessed without permission. Users can decide who can access their information. They can deal directly with advertisers and third parties according to their choice, rather than like others. Moreover, users can choose to share their information with advertisers on any platform for a fee

to sum up, blockchain is a kind of chained data structure that combines data blocks in chronological order in a sequential way, and it can not be tampered with and forged by cryptography. In a broad sense, blockchain technology uses blockchain data structure to verify and store data, uses distributed node consensus algorithm to generate and update data, and uses cryptography to ensure the security of data transmission and access A new distributed infrastructure and computing method (reference network) for programming and operating data by using intelligent contract composed of automated script code

Application in finance

three major applications of blockchain technology

1. Application of blockchain technology in asset securitization field

< / OL >

in recent years, The domestic asset securitization (ABS) instry is developing rapidly. At the same time, the problems of asset cash flow management need to be improved, the transparency and efficiency of underlying asset supervision need to be improved, the efficiency of asset transaction settlement is low, and the cost of credit enhancement is high are graally exposed. In order to apply blockchain technology in ABS field, participants need to build ABS blockchain alliance, which is composed of asset side, pre ABS investor, SPV (trust), escrow bank, manager, intermediary, ABS investor and exchange. Its core business includes fund transaction reconciliation, transaction file management, data interaction interface, information release and sharing, underlying asset management, intelligent ABS workflow and so on. Blockchain application can at least empower ABS instry in the following five aspects

To improve the cash flow management of ABS< Second, it is concive to penetrating supervision
thirdly, it can improve the settlement efficiency of financial assets< (4) the efficiency and transparency of securities trading will be greatly enhanced
fifthly, it can rece the transfer cost of credit enhancement

2. Application of blockchain technology in insurance instry. However, with the tightening of regulatory policies on medium and short-term survival procts, the business scale of universal insurance has declined significantly. In the aspect of insurance proct design, blockchain is concive to promoting the breakthrough and rapid development of customized insurance categories, such as agricultural insurance and proct quality insurance

quality insurance can endorse the reputation of enterprises and protect the rights and interests of consumers. However, insurance companies need to make a comprehensive evaluation of enterprises and procts to underwrite quality insurance, but these data are often difficult to collect truly and effectively, which restricts the development of quality insurance. The establishment of proct traceability and anti-counterfeiting application platform based on the underlying technology of blockchain can help insurance companies easily trace the information of proct proction, processing, sales, purchase, complaints and other links through the platform, so as to effectively judge the incidence of quality defects of related procts, formulate insurance procts, and promote consumption upgrading and instrial upgrading


in insurance sales, the application of blockchain technology can simplify the sales process, save the sales cost and realize the traceability of insurance sales. From the perspective of insurance companies, when willing policyholders purchase insurance policies through channels, channel providers uniformly send policyholders' information to the blockchain platform. The platform judges whether willing policyholders are in the white list according to the distributed storage information. If they meet the standards, they will accept the purchase request, which saves the tedious process of manual transmission, acceptance, review and feedback. From the perspective of consumers, blockchain technology can realize the traceability of insurance sales behavior and safeguard the legitimate rights and interests of consumers. The insurance sales market has been in chaos, and the phenomenon of false publicity of insurance procts through deception, concealment or incement has been repeatedly prohibited. Blockchain technology can link the key actions of each link of insurance sales, and realize the traceability of the whole process of sales actions, so as to standardize the insurance sales behavior and promote the sustained, healthy and stable development of the instry

in the insurance claim process, the application of blockchain technology can improve the claim efficiency and customer experience. Claim and loss handling process is an important process in insurance market. The complex claim process increases the cost, reces the claim efficiency and affects the customer experience. Smart contract technology can simplify the claim submission process, rece the need for manual review and shorten the processing cycle. At the same time, it is easier to identify suspicious behaviors through the historical claims and asset source records in the distributed ledger
in the field of insurance anti fraud, the application of blockchain technology can effectively prevent the occurrence of insurance fraud. Insurance fraud not only erodes the profits of insurance companies, but also damages the legitimate rights and interests of other insurance consumers. Although every insurance company has made a lot of efforts in anti fraud, the reality is still grim. Blockchain technology can at least help the insurance instry alleviate or even resolve this stubborn disease in the following two aspects. First, establish anti fraud sharing platform to rece fraud and strengthen evaluation through historical claim information; The second is to establish "unique and identifiable identity information" by using reliable data sources and coded business rules, so as to prevent false use of identity

3. The application of blockchain technology in the field of asset custody
in recent years, the global asset custody instry has entered the fast lane of rapid development, and the scale of Custody Assets and main custody procts have maintained rapid growth., However, there is still a certain gap between this scale and the international advanced peers, and there is still a large space for the development of China's asset custody instry

the application of intelligent contract technology in blockchain can effectively solve the operational risk in asset custody business. We can optimize the business process of asset custody from the following aspects: first, we realize the automation of the whole process, encapsulate the business instruction judgment and execution rules into the smart contract, use the smart contract execution and provide risk tips; The second is to improve the process efficiency, the real-time sharing of asset change, transaction details and other information among the asset consignor, manager, trustee and agent, eliminating the process of repeated verification and right confirmation; The third is to ensure the security of the performance and the authenticity of the transaction. By setting the key, the formal information of the participants, the limited visibility of the account information and the verifiability of the transaction are guaranteed; The fourth is to ensure that the information can not be tampered with, and put the compliance verification requirements of the investment plan on the blockchain to ensure that each transaction is completed on the basis of consensus


at present, bitcoin is the most closely related to blockchain. If you want to learn more about bitcoin blockchain, you can follow some new media. For example, Sohu, Baijia, mustard circle and so on. Foreign websites, such as CCN, coindesk, etc., all have huge applications

2.

Fried coins or something

at present, the application of blockchain technology is virtual currency. Therefore, virtual currency is also known as the first real birth proct of blockchain. The popularity of virtual currency is also obvious to all, which has set off a frenzy of investment in many countries. According to foreign media reports, the number of virtual currency transactions in the United States has reached 5 million; South Korea is estimated to be the craziest nation in the world, with one in every 50 people speculating, and 31% of the working class buying and selling virtual currency; Venezuela has also issued the world's first virtual currency with the nature of national sovereignty - oil currency

with the popularity of virtual currency, market investors are not only satisfied with the conventional trading mode of buying low and selling high, but also actively seek more simple and convenient trading ways to obtain more profits. The virtual currency trend trading method was born and successfully captured the hearts of investors in a short time, becoming a major mainstream trading mode

according to

{rrrrrrr}

, the trend trading method of virtual currency is exclusively launched by speedxo, an international financial service provider with deep experience. It mainly deals with the currency pair composed of virtual currency and real currency, and it can make profits as long as it is bullish or bearish. For example, if an investor trades in "bitcoin / US dollar", he or she only needs to judge whether the price will rise or fall after 30 seconds, and buy up or down according to the trend. If he or she buys in the right direction after 30 seconds, he or she can get 93% of the net income of the investment amount. It is this kind of rise and fall are profitable, time-consuming, no need to take advantage of the market, the trend trading method quickly swept the entire currency circle

3. At present, blockchain is leading the trend of the economic market in various Internet instries, and it is more significant in the medical field. In addition, e to high rendancy, impossibility of tampering, low cost and the ability to manage multi signature complex permissions, blockchain may be the best data storage scheme that human beings can find at present. Medical institutions are using blockchain technology to realize the confidentiality of patients' privacy information
take the PPT big health protection ecological platform on the market as an example:
five applications of blockchain in the medical field:
1. In the aspect of EHR medical treatment, the main application of blockchain is the preservation of personal medical records, which can be understood as the electronic medical records on the blockchain. If you think of the medical record as an account book, originally it is in the hands of various hospitals, and the patients themselves do not master it, so the patients have no way to obtain their own medical records and historical information, which will cause great trouble for the patients to seek medical treatment, because the doctors can not fully understand your medical records. But now, if we can use blockchain technology to save, there will be historical data of personal medical care. Whether we see a doctor or plan for our own health, there will be historical data to use. The real master of this data is the patient himself, not a hospital or a third-party organization
2. DNA wallet gene and medical data can be safely stored by using blockchain technology and obtained by using private key, which will form a DNA wallet. This enables healthcare providers to share and count patient data safely, and helps pharmaceutical companies develop drugs more efficiently. And this model is graally being established
3. The development of bitcoin payment blockchain technology promotes bitcoin payment and gives patients more choices for insurance payment. Although it also depends on the development of bitcoin in the market, the insurance companies that provide this way also have greater advantages than their competitors. For health insurance companies, blockchain is being established as a part of financial services
4. Drug anti-counterfeiting is similar to coding anti-counterfeiting technology. For drugs using blockchain technology, there is a scraped surface on the surface of drug packaging box, and a special verification label under it, which is compared with blockchain technology to ensure the legitimacy of drugs
5. Protein folding e to the rapid process of protein folding, Stanford University previously relied on very expensive supercomputers to simulate the protein folding process. This approach is obviously expensive and has a single point of failure. By using blockchain, they can choose to use a huge distributed network for high-speed computing. This example will greatly attract other companies that use expensive supercomputers. With the development of medical technology, medical data is playing a more and more important role in the aspects of patient identity background, past medical history, and medical payment records. Medical data may be a person's most private data, but e to network operation errors or hacker attacks and other problems, in the past, these personal privacy data were leaked on a large scale. For example, anthem once leaked 80 million patient and employee records, and UCLA health once leaked 4.5 million patient data. The medical convenience brought by blockchain includes: as more and more health and preventive care are provided in a virtual environment, such as at home, at work and so on. Open and viable tracking, validation, and care delivery will become very important for patients, payers, suppliers, scientists, and regulators. The development of these new ohh blockchains in the clinical community will prepare for the study of patients' behavior, and for the important data access of supplier reimbursement, rule compliance, security monitoring and patient compliance in the future. Blockchain is a near perfect technology (not necessarily implemented at present). It can easily and safely access ooh data while protecting the maximum privacy, and rece the interest risk of all patients, including patients themselves, families, caregivers, clinics, suppliers, insurance companies and all stakeholders related to patients' health.

4. 1. At the international summit on blockchain held from September 23 to 24, 2016, Ma Zhitao, vice president and chief information officer of Weizhong bank, disclosed that Weizhong bank and Huarui Bank jointly developed a blockchain application system, which can be used for the settlement and clearing of micro loan joint loans of the two banks. The system has been put into trial operation in September. After the introction of the blockchain system, because all information is recorded on the blockchain network and cannot be tampered with, the transaction process is accompanied by the liquidation process, which can complete real-time liquidation< On September 23, 2016, IBM and China UnionPay previewed the "inter-bank points exchange system using blockchain technology", which allows consumers to exchange bonus points across banks and platforms. The points of one bank can be exchanged for bonus points of other banks, and even for mileage of several airlines and supermarket rewards, The system can greatly improve the efficiency of bank points. Take the point exchange as an example. Traditionally, consumers take away goods after exchanging points, but merchants need to prove the user's points and settle accounts before they can finally complete the transaction. The blockchain can link all the credit perfectly. The original trust process and cost that rely on the third party can be removed, and the transaction is settlement
3. The central bank's blockchain digital bill trading platform
in early 2017, the people's Bank of China's blockchain based digital bill trading platform was successfully tested, and then the digital currency Research Institute of the central bank will be officially listed. The people's Bank of China has become the first central bank to study digital currency and its real application
the central bank's blockchain digital bill trading platform introces digital currency for settlement, which 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, through the blockchain digital identity solution, the problem of repeated KYC authentication for users between different financial institutions is solved. You can learn more about it at bitMom

5. Indivials can buy and sell bitcoin at their own risk

6. Many virtual currencies, once withdrawn from the exchange, have to be stored in third-party wallets such as imtoken. This is also forced helpless, because there is no own wallet, so can only "rely on others."
How can we live an independent life without looking at others? This will lead to a word: the main chain
the term "main chain" comes from the "main network" (relative to the test network), that is, the officially online and independent blockchain network
at present, among the top 50 blockchain projects in terms of market value, 12 projects are "main chain" (the current data has changed), and Ethereum is the most successful one
Ethereum is a main chain that has its own independent wallet and can "provide housing" for other currencies
next, through the analysis of Ethereum, we will give you an in-depth understanding of what is the main chain
most of the crowdfunding projects in the market are based on Ethereum. You can understand that Ethereum is a computer operating system, similar to the windows system, and the various tokens on Ethereum are equivalent to all kinds of software on our computers. Developers can pay Ethereum to run projects on Ethereum. However, Ethereum is not perfect. The more projects based on Ethereum, the greater the network demand for Ethereum. In serious cases, it will lead to congestion
in fact, most of the main chain projects are still in the stage of technology R & D and improvement, and there is still a long way to go before the real technology is implemented
the most fierce competition in the field of blockchain is actually the battle of "main chain". Whoever can become the main chain of the basic layer of the blockchain is likely to become the future giants such as apple and Microsoft
in addition, in the domestic public chain, the Walton chain is the underlying commercial application public chain, which combines the software level features of blockchain, such as decentralization and unforgivability, with the hardware of RFID chip independently developed, to provide traceability, authentication solutions, and design instry data encryption and distributed storage database building services for all walks of life
of course, it doesn't mean that projects with a main chain are better than projects without a main chain. Some projects, e to their nature, don't need a main chain, such as BNB, whose main purpose is to offset the handling charges in the currency exchange, so it doesn't matter whether there is a main chain
from bitcoin to Ethereum, and now to EOS, many gods are building the main chain, trying to climb the tide of the times. Who will be the future king of blockchain? Let time give us the answer.

7. 1. When building a set of accounts
2. An account set has only one functional currency. If you want to record multiple currencies in the transaction processing layer, use MRC; If it is not needed, it can be realized with conversion function or account set consolidation function
3. Of course, foreign exchange adjustment is for the reporting currency, so the report of each reporting currency should be the result of revaluation.

8. You probably know what kind of analysis to do, but the specific operation can't be written here

9.

The investment value of blockchain

1. blockchain is considered to be the most disruptive technological innovation since the invention of the Internet. Blockchain integrates cryptography, economics, game theory, computer science and other disciplines. It has the characteristics of irreversible transaction and data tampering. It has commercial value in many fields. Its application research has expanded to finance, energy, logistics, ecation, culture and social services

2. blockchain technology will create opportunities for the development of cloud computing, big data, Internet of things, artificial intelligence and other new generation information technology, which can comprehensively promote the upgrading of information technology and realize the leapfrog development of information instry

< / OL >

the security of blockchain

< UL >

3. Privacy Protection cryptography ensures that the unauthorized person can access the data, but it cannot be resolved

4. the following business features include trustworthiness: blockchain can provide a natural and feasible distributed ledger platform without the need for additional third-party intermediaries

5. enhance security: blockchain technology is concive to safe and reliable audit management and account clearing, recing the possibility of crime and various risks