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Traditional cross border transaction mode of blockchain

Publish: 2021-05-11 21:11:19
1.

first, define the

blockchain as an open network ledger. It originated from bitcoin and is the underlying technology of bitcoin. In bitcoin transactions, all the information of transaction records will be packaged into a "block" for storage. With the expansion of information exchange, one block links with another, forming a blockchain

Second, the digital currency represented by bitcoin is a point-to-point e-cash system. Among them, every transaction will broadcast to all participants in the network, and it will be recorded in the account book after repeated confirmation, which is called "blockchain". Each participant will have his own account book. In this way, when false information occurs, it can be broken through mutual verification, so as to ensure network security

in the blockchain, every node is equal, and there is no centralized management organization. This "decentralized" feature makes the blockchain do not need to rely on a third party, its operation does not need any human intervention, and it can independently conct self verification. In addition, the network of blockchain is open to the world, and anyone can query data through the public port, so the whole system is highly transparent

In a word, blockchain is a reliable database and a reliable "account book". In the future, it will be applied in cross-border payment, securities, loans, voting, etc. For example, in cross-border payment, with the security of blockchain, you can remit money to the world anytime and anywhere, which saves a lot of intermediate links and high fees

2. Nengdi
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. At present, they keep their own accounts.
3.

In fact, the application mode of blockchain cross-border payment is to use blockchain network to join traditional financial institutions, foreign exchange market makers and liquidity providers into the payment network and build a payment gateway. Through the payment gateway, the flow of digital assets on the blockchain can be connected with the legal currency in reality, so that the legal currency can be converted into digital assets on the blockchain, which is convenient for subsequent payment and transfer. Through the network connector in the blockchain payment network, we can connect traditional market makers, remittance agencies, remittance agencies and other institutions, abandon the intermediate transaction link, and realize point-to-point fast and low-cost payment

4. This kind of digital currency platform may involve cross-border transactions, which is illegal in China. The state has been cracking down on it. Financial security has been raised to an unprecedented height. There is no guarantee for capital security on the platform. This kind of transaction is highly leveraged, which is actually the most difficult and difficult to make money. It is better for non professionals not to participate and try with their hard earned money, It's not so easy to make money. Don't listen to others; In any instry, the more you know, the more professional you will be able to earn. It's just that it's possible. This kind of leverage game has great mental pressure and is prone to various physical problems
5. The development of blockchain financial trading platform includes:
cross border payment, supply chain finance, insurance, digital bill, asset securitization, bank credit reference and other fields
① cross border payment. Due to the characteristics of disintermediation of blockchain, openness, transparency and non tampering of transactions, no third-party payment institutions join in, which shortens the payment cycle, reces costs and increases the transparency of transactions< (2) digital bill. Blockchain has the characteristics of disintermediation, system stability, consensus mechanism and tamper proof, which can rece the operational risk, market risk and moral risk in the traditional centralized system< (3) credit management. In the field of credit investigation, blockchain has the characteristics of decentralization, distrust, timestamp, asymmetric encryption and smart contract, which ensures that limited and controllable credit data sharing and verification can be realized on the basis of effective protection of data privacy< (4) asset securitization. The characteristics of blockchain disintermediation, consensus mechanism and non tampering can increase the efficiency of data flow, rece costs, monitor the real situation of assets in real time, and ensure the trust of all parties in the transaction chain on the underlying assets< (5) supply chain finance. Due to the characteristics of disintermediation, consensus mechanism and non tampering of blockchain, it does not need a third-party credit enhancement agency to verify the authenticity of various relevant vouchers on the supply chain, so as to rece the financing cost and financing cycle< (6) insurance business. With the development of blockchain technology, personal health status, accident records and other information may be uploaded to the blockchain in the future, so that insurance companies can obtain risk information more timely and accurately when customers take out insurance, so as to rece underwriting costs and improve efficiency. The sharing transparency of blockchain reces the information asymmetry and the risk of adverse selection; The characteristics of its history can be traced, which is concive to recing the moral hazard, thus recing the difficulty and cost of insurance management.
6.

Why is the Internet era coming to an end and the blockchain era coming

Once the

blockchain develops, it will burst out more innovation. As the first proct of blockchain, bitcoin has proced many innovations since its birth. For example, small cross-border payment, recording transfer transactions between currencies, recording various stocks, registering housing property rights, recording program codes, etc.

the steam age liberates social proctivity, the electrical age enlivens social cooperation ability, the Internet age connects the world, and the blockchain era will let us truly realize freedom

7. It is said that a long time ago, the conch fairy, the daughter of the Dragon King, disobeyed the Dragon King's order and went down to the world without permission. She fell in love with Haiwa, a young fisherman from Nandaihe, and got married. The beautiful and kind conch fairy goes to Rome to do as the Romans do, and runs her home instriously and frugally. Whenever the sea is stormy and the fishermen's ships can't reach the shore, she stands up and shows herself, singing the song of conch to stabilize the wind and waves. At the same time, she carries the fishermen on and off the ship with her shell to solve their problems. In memory of the rescued conch fairy, local fishermen cast a 4-meter-high conch tail statue and often prayed for safety before going to sea. Now, we will move the statue to the island for tourists to enjoy and think about, which is why Xianluo Island gets its name.
8. Search the CE official website directly. If the official website has a certificate query entry, just go to the query directly.
9. The biggest difference between blockchain and Internet lies in the difference of "thinking"
the essence of the Internet is still centralized, so whether it's a company or an indivial, we should consider the problem out of our own interests
at the user level, the concentrated thinking is how much money I have to pay and how many users I get is cost-effective. But the essence of blockchain is decentralized
the company or project party should consider how to let users, consumers, and even investors do more, and then unite more project parties and third parties to build an ecology, where resources are shared and interests are related, so it can play a greater role
the core advantage of blockchain technology is decentralization, which can realize point-to-point transaction, coordination and cooperation based on decentralized credit in a distributed system without mutual trust by means of data encryption, time stamp, distributed consensus and economic incentive, so as to solve the high cost and low cost of centralized institutions Low efficiency and data storage insecurity provide solutions
the application fields of blockchain include digital currency, token, finance, anti-counterfeiting traceability, privacy protection, supply chain, entertainment, etc. with the popularity of blockchain and bitcoin, many related top domain names have been registered, which has a great impact on the domain name instry
taking the tourism instry as an example, blockchain applications mainly focus on tourism travel, tourism community reviews, digital identity management, credit consumption management, tracking pilot's professional certificate and qualification, loyalty plan of hotels and airlines, reservation management and consumption points management. In addition, blockchain also has applications in finance, games, entertainment and other fields.
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