Design requirements of blockchain personal profile
when we say whether it's legal or not, we mainly talk about blockchain coin issuing, not registration. Officially, because of concerns about legal compliance, most blockchain issuers will submit legal opinions, especially the non securitization proof of token
at present, many enterprises set up Foundation Ltd. (Foundation) in Singapore because ICO is a new financing mode of digital currency, such as bitcoin, which is based on blockchain by issuing digital encryption token
What are the conditions for registering Singapore Foundation:
1. Provide the name of Singapore foundation ending with Foundation Ltd
2. Provide a member's ID card and passport
3. Provide a witness's ID card
4. Business scope of Singapore company
5. Members and witnesses hold ID card or passport photo
1 - Decentralization: because the blockchain relies on each node to achieve system maintenance and ensure the authenticity of information transmission, it is based on distributed data storage without centralized management by a certain center, Therefore, the attack and tampering of a node will not affect the healthy operation of the whole network
2-DE Trust: the establishment of a connection between any two nodes does not need to trust each other's identity, and the data exchange between the two sides does not need the basis of mutual trust. Since all nodes in the network can act as "supervisors", there is no need to worry about fraud
3 - extensible: blockchain is an underlying open source technology, on which various kinds of extension, decentralized and distrusted applications can be realized<
4 - anonymization: the two sides of data exchange can be anonymous, and the nodes in the network can exchange data without knowing each other's identity and personal information
5 - Security and reliability: because the activities between any nodes are supervised by the whole network, and the database adopts distributed storage, for hackers, first, they can't disguise and cheat, Second, we can't control the network only by conquering a node.
1. Blockchain is a distributed database (system) placed in a non secure environment
2. The blockchain uses cryptography to ensure that the existing data cannot be tampered with
3, the blockchain uses consensus algorithm to reach consensus on new data
the system with the above three properties is blockchain.
2-The distributed database is the physical carrier of the blockchain, and the blockchain is the logical carrier of the transaction. All core nodes should contain the full of the blockchain data
3-The blockchain serializes the blocks according to time, and the blockchain is the only body of the whole network transaction data
4-The blockchain is only effective for adding, Invalid for other operations
5-public-private key verification based on asymmetric encryption
6-accounting node requires that Byzantine general problem can be solved / avoided
7-consensus progress is evolutionarily stable, that is, it will not collapse in the face of a certain amount of contradictory data of different nodes
8-consensus process can solve the problem of double spending
five characteristics of blockchain:
decentralized
e to the use of Distributed Accounting and storage, there is no centralized hardware or management organization, the rights and obligations of any node are equal, and the data blocks in the system are jointly maintained by the nodes with maintenance function in the whole system
thanks to the decentralization of blockchain, bitcoin also has the characteristics of decentralization [6]
openness
the system is open, in addition to the private information of all parties to the transaction is encrypted, the data of the blockchain is open to all, and anyone can query the blockchain data and develop related applications through the open interface, so the information of the whole system is highly transparent
autonomy
blockchain adopts consensus based specifications and Protocols (such as a set of open and transparent algorithms) to enable all nodes in the whole system to exchange data freely and safely in a de trusted environment, so that the trust in "people" is changed into the trust in machines, and any human intervention does not work
information cannot be tampered with
once the information is verified and added to the blockchain, it will be stored permanently. Unless more than 51% of the nodes in the system can be controlled at the same time, the modification of the database on a single node is invalid, so the data stability and reliability of the blockchain are extremely high<
anonymity
since the exchange between nodes follows a fixed algorithm, their data interaction does not need trust (the program rules in the blockchain will judge whether the activity is effective by themselves), so the counterparties do not need to let the counterparties generate their own trust by disclosing their identities, which is very helpful for credit accumulation.
e to the use of Distributed Accounting and storage, there is no centralized hardware or management organization, the rights and obligations of any node are equal, and the data blocks in the system are jointly maintained by the nodes with maintenance function in the whole system
openness
the system is open, in addition to the private information of all parties to the transaction is encrypted, the data of the blockchain is open to all, and anyone can query the blockchain data and develop related applications through the open interface, so the information of the whole system is highly transparent
autonomy
blockchain adopts consensus based specifications and Protocols (such as a set of open and transparent algorithms) to enable all nodes in the whole system to exchange data freely and safely in a de trusted environment, so that the trust in "people" is changed into the trust in machines, and any human intervention does not work
information cannot be tampered with
once the information is verified and added to the blockchain, it will be stored permanently. Unless more than 51% of the nodes in the system can be controlled at the same time, the modification of the database on a single node is invalid, so the data stability and reliability of the blockchain are extremely high<
anonymity
since the exchange between nodes follows a fixed algorithm, their data interaction does not need to be trusted (the program rules in the blockchain will judge whether the activity is effective by themselves), so the counterparties do not need to trust themselves by disclosing their identities, which is very helpful for credit accumulation
A: the basic characteristics of blockchain
I. decentralization
blockchain technology does not rely on additional third-party management institutions or hardware facilities, and there is no central control. In addition to the self-contained blockchain itself, each node realizes information self verification, transmission and management through distributed accounting and storage
the foundation of blockchain technology is open source. In addition to the private information of all parties involved in the transaction is encrypted, the data of blockchain is open to everyone. Anyone can query blockchain data and develop related applications through the open interface, so the information of the whole system is highly transparent
Third, independencebased on consensus specifications and Protocols (similar to various mathematical algorithms such as hash algorithm used by bitcoin), the whole blockchain system does not rely on other third parties, and all nodes can automatically and safely verify and exchange data in the system without any human intervention
Four, safetyas long as 51% of all data nodes cannot be controlled, the network data cannot be arbitrarily controlled and modified, which makes the blockchain itself relatively safe and avoids subjective and artificial data changes
5. Anonymityunless there are legal requirements, technically speaking, the identity information of each block node does not need to be disclosed or verified, and the information transmission can be anonymous
