Development of Internet financial innovation blockchain

1. blockchain has developed in five stages
1. Germination stage: the real germination stage of blockchain was from 2007 to 2009. In 2008, a Japanese American with the pseudonym of Nakamoto first expounded a new fantasy report on electronic money in the form of a synonym on the cryptography discussion group, and bitcoin came out. As early as 2007, Nakamoto began to explore a series of new technologies to create a new currency. On October 31, 2008, bitcoin white paper was released, and on January 3, 2009, bitcoin system officially began to operate
the main technologies supporting bitcoin system include hash function, distributed ledger, blockchain and asymmetric encryption; It can be seen that these technologies build the initial version of the blockchain, and it can also be said that the blockchain is the underlying technology of bitcoin. During the three years from 2007 to 2009, bitcoin was an experimental stage in which a very small number of people participated, and the real commercial activities had not really started
2. "Geek" niche stage: here, "geek" refers to people who are crazy about Internet technology and take technological innovation as fashion and life. On February 6, 2010, the first exchange of bitcoin appeared. On May 22 of the same year, someone bought two hamburgers with 10000 bitcoins. On July 17 of the same year, the exchange Mt. GOx was established, marking the official inflow of bitcoin into the market. Nevertheless, the only people who can really understand and enter the market to participate in bitcoin trading are geeks who are keen on Internet technology. They discuss bitcoin technology on the forum, mine for bitcoin on their own computers, and then buy and sell bitcoin on Mt. GOx. Now these geeks have become billionaires
3. Market brewing stage: the price of bitcoin was $13 at the beginning of 2013, but on March 18 of the same year, the government of Cyprus closed the bank and stock market e to the financial crisis, which made the price of bitcoin soar, and the highest price rose to $266 in April. On August 20 of the same year, the German government confirmed the currency status of bitcoin. On October 14, China network announced the opening of bitcoin payment channel. In November, the US Senate hearing also confirmed the legitimacy of bitcoin. On November 19, the price of bitcoin rose to US $1242, forming a new high. Nevertheless, the foundation for blockchain to enter the mainstream social economy is not yet available, and the soaring price of bitcoin is only e to over optimistic expectations. The containment of China's banking system, the collapse of Mt. GOx and other events made the price of bitcoin continue to fall. At the beginning of 2015, the price of bitcoin has dropped below $200. From 2013 to the beginning of 2015, the public began to understand bitcoin and blockchain
4. The mainstream period of blockchain: on June 23, 2016, the United Kingdom left the European Union, the fifth nuclear test of North Korea in September, Trump's election in November and other events, the uncertainty of the world's mainstream economy led to the recovery of bitcoin with the function of risk aversion. The market demand was large, and the increase of trading volume made the price of bitcoin soar from $400 in 2016 to $20000 in 2017, The wealth effect of bitcoin and the transaction overflow caused by network congestion of bitcoin have led to the outbreak of other series of virtual currencies, as well as a variety of blockchain applications, resulting in the emergence of a large number of blockchain assets that are 100 times, even 1000 times and 10000 times, which has aroused the crazy pursuit of the world, Subsequently, the Chicago Mercantile Exchange launched bitcoin futures trading, marking that bitcoin has officially entered the mainstream investment proct series, and bitcoin and blockchain have entered the global attention
5. Instry landing stage: after the market frenzy in 2017, the virtual currency and blockchain have been adjusted in terms of market, supervision, cognition, etc. in 2018, returning to rationality. In 2017, many blockchain projects that follow the blockchain technology will graally die out with the cooling of the market, and the projects with real blockchain applications will be initially implemented. 2018 is not only the first year of the blockchain, but also a gold rush period for the blockchain. After the waves wash away the sand, what remains is relatively good gold
from the perspective of the history of blockchain development, blockchain technology is not yet mature and is currently in the growth period. The specific practical application of blockchain is only used in the financial field. It still needs a long way to go to apply blockchain from other instries. However, we should grasp the trend of blockchain and actively learn from the new field of blockchain.

2. Driven by policy and market, blockchain instry has a bright future
driven by policy and market, China's blockchain related instries are expected to move from virtual to real
in the context of rapid development of blockchain, China should comply with the needs of globalization, keep up with the international pace, and actively promote the research, standardization and instrialization development of domestic blockchain related fields. Compared with the increasingly stringent supervision of bitcoin and other digital currencies, the support and encouragement of blockchain technology has reached a consensus in the world, and the domestic blockchain technology will also receive national and local policy support in the next few years. Driven by policy and market, blockchain related instries are expected to move from virtual to real, and blockchain technology will accelerate the exploration of possible application scenarios< According to the data of the "in depth analysis report on business model innovation and investment opportunities of blockchain instry" released by foresight Instry Research Institute, the global blockchain market scale is expected to increase from US $411.5 million in 2017 to US $7683.7 million in 2022, with a compound annual growth rate of 79.6%. In view of the wide application range of distributed ledger, the rising market value of cryptocurrency, the strong demand for improving transparency, security, efficiency and simplifying process, and the popularity of blockchain as a service (
baas), the blockchain market will expand rapidly. In addition, communication services, international trade, supply chain management, programming platform, payment, smart contract, digital authentication and so on are also in urgent need of blockchain technology, which will create a lot of growth opportunities
as an integrated application of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other technologies, blockchain has become a research hotspot of the United Nations, the International Monetary Fund and other international organizations as well as many national governments in recent years, and the instry has also increased investment. At present, the application of blockchain has extended to the Internet of things, intelligent manufacturing, supply chain management, digital asset trading and other fields, which will bring new opportunities for the development of cloud computing, big data, mobile Internet and other new generation information technology, and have the ability to trigger a new round of technological innovation and instrial change
by 2022, the payment sector may occupy the largest share of the blockchain market
relying on blockchain technology, real-time payment of assets can be realized, which not only has the characteristics of tamper proof and digital authentication, but also can greatly save the cost of settlement for financial institutions and banks. In addition, blockchain makes payment automation possible, eliminates the need for middlemen, and saves labor costs and time for buyers and sellers. Thanks to the above advantages, it is expected that the payment sector will be the heaviest one in the whole blockchain market
the fastest growing region will be the Asia Pacific region.
blockchain service providers in the Asia Pacific region are good at designing and developing cryptocurrency platforms with friendly interface, cost saving and high speed, and extending the application of blockchain in many instries. Both large enterprises and small and medium-sized enterprises are actively seeking risk financing, investing in and developing the most cutting-edge blockchain technology. In addition, the real estate instry of some countries in the Asia Pacific region is expected to rapidly transform from translucency to full transparency, which also helps to enhance the development prospects of blockchain in the Asia Pacific region.

3. Since 2018, the blockchain instry has been booming. The exploration and application of blockchain is not limited to the underlying platform. Internet giants and financial giants have strengthened the application of blockchain in finance, public welfare, commodity traceability and other fields, especially in the financial field. The application with blockchain technology as the core has been accelerated
the blockchain instry is in the stage of rapid development
China's blockchain instry is in the stage of rapid development. According to the data of the "in-depth analysis report on business model innovation and investment opportunities of blockchain instry" released by foresight Instry Research Institute, by the end of March 2018, the number of blockchain companies with blockchain business as the main business in China has reached 456, from upstream hardware manufacturing, platform services, security services to downstream instrial technology application services, To ensure the development of the instry investment and financing, media, talent services, companies in various fields have been basically complete
according to the classification of application scenarios of top 20 enterprises in the ranking list, in addition to 13 enterprises focusing on the infrastructure and platform construction of blockchain such as underlying platform and blockchain hardware, the application scenarios of blockchain have graally enriched. According to the distribution of instry segments, there are 7 instry application companies, mainly Internet companies (Alibaba, Jingdong, Tencent) used in public welfare and commodity traceability, and innovative financial technology applications evolved by financial enterprises (Ping An, CMB, BOC), such as supply chain finance, bills and transaction clearing
as the blockchain can realize the non tampering of information, the possibility of data falsification is eliminated from the root, especially in the financial instry, which has high requirements for real data, it will embrace the blockchain more actively
analysis on the development trend of blockchain
Second, blockchain has become a new hot spot for innovation and entrepreneurship, and technology integration will expand new application space
3. Blockchain will be widely implemented in the real economy in the next three years and become an important support for the construction of Digital China
fourthly, blockchain creates a new platform economy and opens a new era of sharing economy
fifthly, blockchain accelerates the process of "credible digitization" and drives finance to "move from virtual to real" to serve the real economy< Sixth, the blockchain supervision and standard system will be further improved, and the instrial development foundation will continue to be consolidated
in addition, as an emerging technology, there are still many technical difficulties in the application of blockchain in the actual proction environment of the financial instry, such as throughput, scalability, consensus mechanism, privacy and security, manageability, etc
technological innovation such as blockchain is of great significance to the financial instry, which is expected to accelerate the process of "credible digitization" and continuously drive the financial instry to "move from virtual to real".

4. The development of blockchain can be divided into three stages. Melanie Swann, founder of blockchain Science Research Institute, in her book blockchain: blueprint and guide to new economy, according to the application and development of blockchain, it can be divided into three stages: blockchain 1.0, 2.0 and 3.0< br /> 
I. blockchain 1.0 cryptocurrency era (2008-2013)
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in 2008, Nakamoto first proposed the concepts of bitcoin and blockchain, and then in January 2009, the first blockchain came out. At this stage, people pay more attention to the transaction of cryptocurrency, and blockchain is only used as the underlying technology to act as a "public account book"< br /> 
2. Blockchain 2.0 smart contract era (2014-2017)
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in 2014, & quot; Blockchain 2.0 "has become the pronoun of decentralized blockchain database. At this stage, people mainly focus on the application of the platform. Anyone can upload and execute the smart contract on the blockchain, and will be rewarded automatically after the execution. Because this transaction process does not need any intermediary, so people's privacy has been greatly protected< br /> 
III. blockchain 3.0 large scale application era (2018 -)
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at this stage, people begin to build a completely decentralized data network, and the application of blockchain technology is no longer limited to the economic field, but expanded to the fields of art, law, real estate, hospital, human resources and so on.

5. In a sense, mutual fund is a business instry, and blockchain is a technology. Can we put it another way? Is there any advantage over pawnbroking over computerized accounting? Then, from the perspective of relevance, blockchain must be combined with instry scenarios. The characteristics of blockchain storage determine that it can be organically combined with Internet Finance and banking, such as transfer record tracing, data query record, etc. you will find that although blockchain technology is decentralized, if the roles in the instry are recognized to join a blockchain, Then this blockchain graally loses the significance of zhongjinhua. As many instry internet platforms say, there is no middleman to earn the price difference, and the platform is even the middleman. If you prefer technology, the social market in the current window period of blockchain is good. In the Guangmao application scenario, Hujin is just one. If you focus on the financial instry business, blockchain will serve as a more meaningful tool for you

6. Whether it is traditional financial services, P2P, crowdfunding and other Internet financial innovation, or in strengthening financial supervision, preventing financial risks, cracking down on illegal fund-raising and other fields, blockchain technology has a very broad application prospect, which also drives blockchain technology to graally become the key infrastructure of Internet Finance and even the whole financial instry. Huo Xuewen judged that Internet finance is stepping into the era of "blockchain +"
the blockchain, which is out of the geek circle, has become the most subversive financial technology with the participation of HSBC, Citigroup, Barclays, Ping An of China and other financial heavyweight members of the world's major central banks<

China's coin profit takes the lead in introcing blockchain technology into crowdfunding instry, making crowdfunding more open and transparent. The introction of digital currency provides a flexible exit way for crowdfunding investors.

7. The consumer Internet has graally entered the inflection point. Under the background of 5g, the development and application of big data, cloud computing, artificial intelligence, blockchain, Internet of things and other technologies will bring the rapid development of instrial Internet. The core foundation of financial technology in the future is the combination of instrial Internet and traditional finance instrial Internet finance, whose five components include instrial chain, small and medium-sized enterprises on the instrial chain, instrial Internet platform, instrial Internet finance platform and financial institutions such as banks or insurance. Among them, the instrial Internet financial platform company will be the main battlefield of financial technology in the future, undertaking the role of SME financing service provider. In this regard, Huang Qifan further elaborated his understanding of the instrial Internet financial platform: finance has the gene of finance, and the essence of financial business is to deal with the relationship among credit, leverage and risk; Digital platform also has its own gene, its unique "five full information features": full airspace, full process, full scene, full analysis and full value of information, which has a strong subversion, thus procing a more powerful driving force for the economy and society. Fifthly, the organic combination of information and finance Trinity gene is financial technology or technology finance. The important foundation of the development of financial technology is instrial Internet, and the main body is instrial Internet finance. A successful instrial Internet finance platform is bound to be an organic combination of these two advantages.

8.

With the continuous impact and penetration of the Internet into various instries, the ingenious combination of the Internet and finance has graally entered people's vision. Overnight, Internet finance has become the most fashionable financial choice. According to authoritative data, in 2015, about 47.4% of investors chose stocks as financial procts, 47.7% chose funds for investment, and 40.9% chose Internet Finance for financial investment

It is worth noting that although the Internet financial management mode is not as popular as the stock market, it has become the third mainstream choice in the financial management market, which also shows that the Internet financial procts have quietly changed the fixed structure of the financial management market and are expanding the territory of the financial market at an extraordinary speed, The future development of Internet finance can not be underestimated, and the instry is clearly showing four development trends

the investment group is obviously younger

young users are the backbone of the Internet. This "loser's law" is also applicable in the field of Internet finance. According to relevant statistics, the post-80s and post-90s account for more than 70% of Internet financial consumer groups. Although this age group is not the biggest owner of social wealth, it is the group that has the most access to the Internet. They like to take risks, advocate innovation and love freedom, which is consistent with the characteristics that the Internet can obtain information the fastest

according to the survey data, 823 of the 1000 post-80s and 90s are more willing to choose Internet finance to meet their financial and micro loan needs. It can be seen that more young people are willing to participate in it, and the Internet financial group is becoming younger

popularization of mobile Internet Finance

with the great popularity of smart phones and mobile Internet, mobile phones have become an important "partner" in people's daily life. According to the latest report released by China Internet Network Information Center, as of June 2015, the number of mobile Internet users in China has reached 594 million. Coupled with the fast-paced lifestyle of modern society, the fragmentation time in life is graally increasing. These factors give birth to the urgent demand for mobile finance

compared with the PC terminal, the mobile terminal can break through the limitations of time and space, so people usually choose the mobile phone which is convenient to carry as the Internet device to carry out financial activities through the mobile terminal, enjoy financial services anytime and anywhere, and the Qianxiang financial app will be launched soon

with the development of mobile Internet finance, users are no longer limited to the first tier cities of Beijing, Shanghai, Guangzhou and Shenzhen, but are sinking to the second, third and fourth tier cities. As can be seen from the 91 financial user reports, except for the first tier cities, financial consumer groups in other cities have accounted for nearly 40%

On March 2, 2016, at the CPPCC financial think tank salon co sponsored by 91 finance, Liu Mingkang, former chairman of the CBRC, made it clear that Internet finance can only survive if it is small, decentralized and simple

for the Internet finance instry, although the profit model of large amount financing is relatively large, the risk probability caused by it is relatively high, and once there is a problem, it will cause huge losses to investors and the platform itself. Therefore, from the perspective of risk control, small amount and decentralization of business model will be the main measure to control the risk of the instry; In addition, as an information intermediary, the positioning of Internet financial platform has determined that the instry itself is not suitable for large amount financing matching transactions, and for the platform itself, it does not have the inherent advantages of developing large amount financing

services are moving towards "scenario"

although the tentacles of Internet finance have touched the areas that traditional financial institutions cannot cover, its service concept is still at the level of borrowing and lending. In the future, we should graally expand the multi-dimensional service concept, and develop scenario Finance by building multi-dimensional service scenarios to effectively improve the accessibility of financial services

compared with traditional finance, the biggest advantage of Internet finance is that it can accumulate the life trajectory of users in the form of data, and promote the innovation and development of the instry on the basis of big data. At present, Internet finance has developed from the porter of early financial procts to asset allocation and wealth management for users, and has entered the "scenario" financial era. For the Internet finance instry, the future competition set node is the scene. Which platform provides the most scene based services, the most thoughtful and the most detailed, is the easiest to establish a long-term sticky relationship with users

this scenario trend can be shown in two aspects: one is that users' daily life and consumption scenarios, such as payment, consumption, taxi, are quietly integrated into everyone's life through this financial service; The other is that Internet financial platform can sneak into people's life by building various scenarios. Even the same financial procts can enter users' life in different scenarios

9. After the concept of fintech was put forward in China, it has a very wide influence in the field of Internet Finance and technology. Traditional financial instry will be greatly impacted, and fintech will realize earth shaking changes in credit, asset management, risk control and other fields. For normal users, they will enjoy better financial services; For the fraudsters, it will be very difficult to get the money again. At the same time, the risk warning and control before and after the loan can be easily achieved
in the future, the development trend of Internet finance will continue to be dominated by fintech, and the technology-based enterprises will promote the healthy and beneficial development of the financial instry. In the face of loan fraudsters, traditional financial enterprises will embrace new technologies and new models, and block the entry of loan fraudsters from technological change. For large-scale enterprises, the giants represented by batj will develop the field of financial technology through splitting business, investment and merger
in the future, the focus of fintech technology will be more in-depth. Intelligent risk control, big data credit, blockchain technology, machine learning, intelligent investment advisor, image recognition and other fields will become the competition points in the field of fintech technology, and innovative technology will provide greater help for the efficiency development of the instry.