Whether blockchain technology can be successfully converted is t
The following are the reasons why 2017 will be the most critical year for blockchain:
the lasting value of bitcoin
bitcoin, the initial tool of blockchain, ended 2016 with a high profile, which is a good omen
just after the new year, fortune reported that
"after the prosperity of 2016, the price of bitcoin has reached $1000, which has increased by 120% since the beginning of this year, and recently reached the highest point in three years. The reasons, including the devaluation of RMB, the risk of China's currency control and geopolitical instability, have been considered as the key factors for the success of cryptocurrency. Another reason for bitcoin's landmark year is its staying power - the longer it stays, the more familiar it will be, and more like a real store of value. "
whether it is fair or not, the feasibility of blockchain technology is always closely related to the performance of bitcoin. If the decentralized database can succeed in the financial field, it can also be widely used in other places. According to convention, the healthy development of digital currency has triggered a discussion on how to integrate blockchain into new areas. With healthy bitcoin, blockchain can expand rapidly in other fields
existing participants
of course, this has existed for some time, because the blockchain has been firmly bound to bitcoin. Over the years, many groups have invested a lot of money to apply the technology to a wider range of areas, while adding new features and creating new applications. If 2017 is a great year for blockchain, these existing players must be ready to grow with it
this trend is marked by the addition of 8 new members to the hyperledger project before the end of 2016. Software company CA technologies, blockchain project factcom foundation, healthcare alliance hashed health, Korean koscom, accounting company ledgerdomain, trade ecosystem developer lykee, sovrin foundation and telecom company Swisscom all joined in the project
Thehyperledger project has entered 2017 with an eye-catching membership list, and plans to introce blockchain feasibility case studies in actual use cases
new investment
the sign that the technology will make progress this year is that companies all over the world have laid the foundation for using blockchain status. Companies around the world applied for or accepted 356 patent applications related to blockchain or digital currency in November last year, almost double the number in the first month of 2016, according to the report of blog technology
Marc Kaufman, financial technology intellectual property expert at Reed Smith, told blog:
"we have witnessed an exponential growth in the number of patent applications, and we expect to see thousands of blockchain patents in the next five years."
the company is submitting patents in such a rapid way because the blockchain has finally achieved its goal from Utopia to digital ledger tool. With the increase of the number of patents, the new discovery of the index blockchain will enjoy wider legitimacy in 2017
it is only time to know the development trend of blockchain in 2017, and vice versa. However, it is obvious that the status of blockchain technology can be seen by all, which also proves the expectation of early investors for its potential and may develop new potential in the future
blockchain has also become a hot topic in the financial sector in China, and all major domestic financial institutions have tested blockchain projects. China Post and IBM have jointly developed a set of blockchain asset custody system; Puyin group launched the tea based digital currency Puyin
in the Internet era, there is a database behind every system. This database can be regarded as a large account book. In the past, the person who maintained the system was responsible for managing the database and recording the user's behavior, that is, bookkeeping. However, the blockchain is "decentralized", which allows every member of the system to participate in it, not only everyone bookkeeping, but also through links, Everyone can have a complete account book
"blockchain is essentially a collective recording mode. What's special is that it adopts a set of techniques in an ingenious way to realize the authenticity and credibility of the recorded results, which is difficult to destroy and tamper with. " Zhang Xiaorong said, "first, everyone has the right to record and authenticate with each other to distinguish the true from the false, which is called consensus mechanism; Second, no one can tamper with the records, because there are cryptographic signatures; Third, everyone has a , so even if some account books are damaged, the whole will not be affected. This is called distributed storage. The information recorded in this way is presented in block mode according to the time chain, so it is called blockchain. "
various cryptocurrencies represented by bitcoin are originally an application of blockchain technology, which can be described as blockchain version 1.0. However, around 2014, the instry began to realize the important value of blockchain technology. Blockchain graally separated from digital currency and applied to various economic and social fields other than digital currency
it has broad application prospects
blockchain technology is considered as a disruptive innovation after steam engine, electric power and Internet. If the steam engine and electricity liberate the proctivity, and the Internet has changed the way of information transmission, the blockchain, as a machine for building trust, may change the way of value transmission
for example, in the financial field, the cost of reconciliation, clearing and settlement between financial institutions, especially cross-border financial institutions, has always been very high, and there are complex manual processes. The application of blockchain technology can help rece the cost of reconciliation and dispute resolution between financial institutions, and significantly improve the processing speed and efficiency of payment business, It also makes small cross-border payments possible. In December 2017, China Merchants Bank completed the RMB position transfer business from Hongkong Wing Lung Bank to Shenzhen Branch of Wing Lung Bank. This is the world's first interbank cross-border RMB clearing business based on blockchain technology
in addition, according to the white paper 2016 on China's blockchain technology and application development issued by the Ministry of instry and information technology of China, the application of blockchain has been extended to medical and health, ecation, charity, social management and other fields. Taking the cultural instry as an example, the low cost of reproction, the high cost of safeguarding rights, and the difficulty of providing evidence make the protection of intellectual property rights a pain point for the instry. With blockchain, the proction, dissemination and transaction records of cultural procts are true, transparent and reliable, and the problem can be solved
Zhang Xiaorong said that blockchain technology has solved two major problems in the era of Digital Economy: one is the visible flow direction, and the other is zero trust cost. In the past, the circulation of physical paper money was invisible, but the flow of all digital assets had a "chain" to check. Yang Yanchao, a researcher at the intellectual property center of the Chinese Academy of Social Sciences, also believes that the biggest advantage of blockchain is that it has truly completed the credit construction in an anonymous society, bringing new opportunities to many fields, thus making various innovative applications possible
there is a long way to go in the future development
in terms of technology promotion, there is no big barrier to blockchain, which has been confirmed in the global practice of bitcoin, and its main resistance comes from the obstacles in concept and implementation
"on the one hand, the society may be very concerned about the" naked "state in the blockchain. Blockchain has built a "Skynet" for the commercial society. The company's economic activities are all recorded, so there is no secret to speak of. In this way, some business strategies may not be implemented under the blockchain. "
"on the other hand, the current legal system lags behind the development of information technology, so how to put the emerging blockchain technology under the legal supervision needs to be studied." Duan Yongchao said
the core of blockchain is decentralization, which will have an impact on the long-standing central management model. In addition to the law, how to establish a regulatory environment that can promote the application of blockchain technology, so that the technology can benefit the society and not be used to do evil, is also an urgent problem to be solved.
2. Blockchain is an innovative application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies in the Internet era. In recent years, the development and application of blockchain is of great significance to technological innovation and instrial revolution. This experience introces the relevant knowledge of blockchain technology
3. Blockchain is a distributed ledger, which can contain financial and / or non-financial transactions. It can be replicated (distributed) on multiple systems in almost real time through peer-to-peer network. Each participant "owns" the same ledger and gets updated when adding any transaction. Each participant helps to determine the inherent "invariance" of all existing records, Using cryptography and digital signature to prove identity, authenticity and enforce read / write access, there is a mechanism that makes it difficult to change history, and it is easy to detect someone trying to change it.
core analysis:
1. Transparency, 2. Openness, 3. Information can not be tampered with, 4. Decentralization,
5. Detailed analysis
blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. The so-called consensus mechanism is a mathematical algorithm to establish trust and obtain interests between different nodes in the blockchain system
1. In a narrow sense, blockchain is a kind of chained data structure composed of data blocks connected in sequence according to the time sequence, and it can not be tampered with and forged by cryptography
2. Broadly speaking, 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 It is a new distributed infrastructure and computing method to program and operate data by using intelligent contract composed of automated script code.
from the perspective of data: blockchain is a kind of distributed database. The "distributed" here is not only reflected in the distributed storage of data, but also reflected in the distributed records of data (that is, it is collectively maintained by system participants). In short, blockchain can realize distributed recording of global data information (which can be collectively recorded by system participants rather than centralized recording by a centralized organization) and distributed storage (which can be stored in all nodes participating in recording data rather than centralized storage in centralized organization nodes)
from the perspective of effect: blockchain can generate a set of time sequence, tamper proof and trustworthy database, which is decentralized storage and data security can be effectively guaranteed<
the working principle of blockchain technology
today's blockchain technology can be summarized as a technology to collectively maintain a reliable database through centralization and de trust in the past. In fact, blockchain technology is not a single and brand-new technology, but the result of the integration of a variety of existing technologies (such as encryption algorithm, P2P file transfer, etc.), which are cleverly combined with the database to form a new way of data recording, transmission, storage and presentation. In short, blockchain technology is a technology that everyone participates in recording and storing information. In the past, people entrusted the work of data recording and storage to the centralized organization, while the blockchain technology allows everyone in the system to participate in the data recording and storage. Under the distributed peer-to-peer network without central control point, blockchain technology uses the method of distributed collective operation to build a P2P self-organizing network. Through the complex verification mechanism, the blockchain database can maintain the integrity, continuity and consistency. Even if some participants commit fraud, the integrity of the blockchain cannot be changed, let alone tamper with the data in the blockchain
the source of blockchain technology principle can be summarized as a mathematical problem: Byzantine general problem. Byzantine general problem extends to Internet life, and its connotation can be summarized as: under the background of Internet, when we need to exchange value with unfamiliar opponents, how can we prevent people from being deceived and confused by malicious saboteurs, so as to make wrong decisions. The Byzantine general problem is further extended to the technical field. Its connotation can be summarized as: in the absence of trusted central nodes and trusted channels, how to reach a consensus among the nodes in the network. Blockchain technology solves the well-known Byzantine Generals Problem - it provides a way to create consensus networks without having to trust a single node<
Application of blockchain technology
blockchain technology overlaps three fields:
1, currency: issuance mechanism, distribution mechanism, adjustment mechanism
2, contract: equity, mutual insurance, right registration and transfer, smart contract, etc.
3, Governance: identity authentication, health management, notarization, judicial arbitration, decentralized autonomous organization, Voting, etc.
blockchain is like a "trust creating machine". What Bubi blockchain needs to do is a new technology and proct to realize real value circulation and make the Internet reach a new height
when it comes to blockchain technology, we have to mention bitcoin. Many people know that electronic currency bitcoin is not issued by a specific monetary institution, but generated by a large number of calculations of a specific algorithm. In fact, the core of real support for bitcoin is blockchain technology
How can invisible and intangible bitcoin operate through blockchain technology? The popular interpretation in the instry is that blockchain can be seen as a technical solution to collectively maintain reliable databases through "decentralization" and "distrust". Generally speaking, this technology can be understood as the technology of all participants in bookkeeping. In the past, people used a centralized server for bookkeeping. In the blockchain technology system, everyone can participate in bookkeeping and jointly identify the authenticity of records
"through this technology, even if there is no neutral third-party organization, the two sides who do not trust each other can cooperate. In short, blockchain is like a "trust creating machine."“ Blockchain technology is widely used in the era of big data. " At present, in addition to the field of Internet finance, blockchain technology has been applied in many fields and has shown great prospects
in addition, blockchain technology is also of great significance in law. Especially in the field of assets, whether it is physical assets such as real estate and automobile, or intangible assets such as health and reputation, we can use this technology to complete registration, transaction and tracking. It can be said that blockchain technology will be useful in any field of proction and life that lacks trust. "
blockchain technology concept stocks
it is recommended to pay attention to it manufacturers with blockchain technology and applications. We think that blockchain is more like a mechanism or technical solution. In the future, manufacturers who can combine this mechanism into different scenarios for promotion and application are expected to achieve subversive success. Blockchain technology can ensure that the data structure will not be tampered and forged, and has broad application prospects in the field of financial payment. Bubi blockchain has set up a special team around digital currency, focusing on the development trend of digital currency for a long time, and has set up a special team to carry out relevant work around the instry development demand of digital currency, including the research on blockchain technology.
China has started to establish a national standard for blockchain to promote the construction of blockchain standard system from top-level design, which is expected to be completed by the end of 2019 at the earliest
in this regard, Zhao Wu, founder of Beijing Huashun Xin'an Technology Co., Ltd., also said that although the blockchain has disruptive technology potential, we must realize that the blockchain is still in its infancy, far from reaching the stage of subverting the world
Yu Kequn stressed that the independent and controllable blockchain network is intended not to be controlled by others technically, but also to promote the healthy development of blockchain. Security is the future life of blockchain. Only its own security can make blockchain technology landing. This requires us to pay equal attention to the development of blockchain technology and its security attributes, even ahead of timein this regard, Li Ming also said that an important part of the standard is the information security standard, which can also see the importance of security to blockchain technology. He also pointed out that the development of blockchain standards does not mean that it will rapidly promote the development of the instry, but give the instry certain guidance. Previously, China has suffered a lot in terms of international intellectual property rights and standards. In terms of blockchain, China has formed more than 200 patents in terms of international blockchain, and even stands in the forefront of world technology. Therefore, we also need to firmly grasp our right to speak
content source: Xinhuanet
on the ground, there will be different solutions according to different instry needs
for example, in the financial instry, relevant financial technology companies have studied and applied it for a long time. Recently, there is a one account chain platform, which is released by Ping An's financial one account link company. It is the solution of blockchain in the financial instry. According to the introction, it has broken through the bottleneck in the implementation process.
the collective said: "the rise and application of digital currency, especially bitcoin, in the world can greatly promote people to store value and trade global goods and services. As more and more depositors and investors choose and adapt to digital currency, people will hope to use it to pay the necessary living expenses, including housing provident fund and rent
however, these people are still a small number. They are the only suppliers of small procts or fields that accept bitcoin and other digital currencies as payment methods
however, this is not the same as the blockchain technology itself. After extensive early attempts, people have used this technology to achieve safe and reliable data management. Of course, if you want to develop, you can find Chongqing anonymous technology, I believe it will satisfy you.