Hong Kong president of blockchain Goldman Sachs Asia Pacific

1.

blockchain finance is actually the application of blockchain technology in the financial field

blockchain is an underlying technology based on bitcoin, and its essence is actually a decentralized trust mechanism. Through sharing in distributed nodes to maintain a sustainable database, the security and accuracy of information can be achieved. The application of this technology can solve the trust and security problems in the transaction, and the blockchain technology has become an optional direction for the future upgrading of the financial instry. Through the blockchain, both parties of the transaction can carry out economic activities without the help of the third-party credit intermediary, so as to rece the cost of the global transfer of assets

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since 2016, the major financial giants have also heard the news and launched blockchain innovation projects one after another to explore the possibility of applying blockchain technology in various financial scenarios. In particular, Puyin group took the lead in creating a "blockchain +" standard digital currency. Standard digital currency refers to the process of assets identification, evaluation, right confirmation and insurance completed by a third party organization. After careful digital algorithm, it is written into the blockchain to form the standard corresponding relationship between assets and digital currency, which is called standard digital currency

in order to realize the great leap forward development of blockchain finance, promote the new development of China's economy, accelerate the global asset circulation, and realize the dream of rejuvenation that has been struggling for generations, Puyin group will hold the Guiyang strategic development ceremony of Puyin blockchain finance in Guizhou on December 9, 2016, at which the discussion on the realization of digital circulation of assets, block chain financial transaction mode, and block chain financial transaction mode will be held It also discusses the application of blockchain service and social public instry

2.

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

3. Blockchain is an important concept of bitcoin. It is essentially a decentralized database. At the same time, as the underlying technology of bitcoin, it is a series of data blocks generated by using cryptographic methods. Each data block contains a batch of information about bitcoin network transactions, Used to verify the validity of its information (anti-counterfeiting) and generate the next block.

4. For the first time in history, blockchain has established a consensus on decentralization from the technical level, which has brought unprecedented technological innovation and first brought impact to the financial field. At present, it has been graally applied to securities, banking, insurance, credit, auditing, electronic bills, etc. on the one hand, famous financial institutions such as NASDAQ, NYSE and London exchange in Europe and America have invested huge resources in development, on the other hand, more than 50 banks such as Goldman Sachs, UBS and Citibank have started blockchain research and related financial innovative applications. At the same time, some international famous companies, such as IBM and Microsoft, have graally opened their blockchain development platform interfaces. The development of blockchain has been greatly accelerated, which can be said to be changing with each passing day. The significant characteristics of blockchain decentralization are: 1. Decentralized owners; 2. Decentralized data storage; 3. Peer to peer verification of related party transactions. At present, few domestic enterprises have broken through blockchain technology, mainly including Shenzhen Qianhai Morgan Digital Technology Co., Ltd.

5. Yesterday, the price of bitcoin suddenly collapsed and plummeted by 10% because the BBC, a variant of bitcoin, started mining the night before yesterday

bitcoin cash BBC can be said to be a variant of bitcoin. Bitcoin is said to have a limited number, only 21 million, but the real number can not be verified. At present, the fission of the cash BBC makes people believe that bitcoin can be infinitely fission

the essence of currency is a combination of national strength and credit. Bitcoin, as a virtual currency, has no guarantee or endorsement from any country and no legal protection

If a country's currency does not have enough national strength to guarantee its credit, it can only rely on the old hard currency: gold

gold is credit

at that time, with the emergence of bitcoin, some people thought that the golden age had passed, so they compared the emergence of bitcoin to mining. However, there was only one thing in the world called gold, and more than n Ethernet coins, Wright coins and so on appeared around bitcoin. Such virtual currencies can invent countless varieties

it can be imagined that once the virtual currency is destroyed, the real currency gold will lead to long-term good

1. At present, the biggest positive factor for gold is the US dollar. Recently, the continuous decline of the US dollar has made gold form a w double bottom

2. The second relationship of gold is international geopolitics. Any disturbance can make gold as a hedge fund soar

The third related account of gold is the world's hard currency. When a country's currency collapses, unless you have the world's hegemonic currency such as the US dollar, only gold can let you avoid this super risk

At present, China's gold reserves have quietly ranked second in the world, from 1000 tons in 2009 to more than 4000 tons at present. Some people expect that in three years, China's gold reserves will surpass the United States and jump to the first place in the world

According to the data recently released by the China Gold Association, China's gold bar consumption in the first half of 2017 rose by 51.09% to 158.40 tons year on year, and the national gold consumption rose by 9.89% to 545.23 tons year on year! Because the private sector has more than 1600 tons of gold reserves

In 2013, some experts pointed out that China's national gold reserve should be more than 5000 tons, and once a currency war broke out, it could occupy a favorable position

On the one hand, the internationalization of RMB is guaranteed by the comprehensive strength of the country; on the other hand, it has a lot of gold reserves

gold is a combination of money, finance and commodity. It has become a belief of natural currency for thousands of years, and the future of gold is worth looking forward to

thank you

6. Goldman Sachs has invested in two more projects in China. One is the acquisition of a US $60 million stake in China Netcom, China's third largest integrated fixed line telecommunications service company, and the other is the acquisition of a US $50 million stake in SMIC International Manufacturing Co., Ltd., China's first independent 8-inch semiconctor wafer company. Goldman Sachs owns 2.4% of China Netcom and 4.0% of SMIC.

7. 1. Goldman Sachs in New York is the headquarters of the group; 2. Goldman Sachs in Hong Kong is the headquarters of Asia Pacific region; 3. Goldman Sachs in Hong Kong was founded in 1984; by the way, its European headquarters are in London