Application of blockchain in financial field

1. blockchain is a revolutionary underlying technology. Its original function is bookkeeping. As a distributed general ledger, it can solve the credit problem, notarization problem, audit problem, right confirmation problem, etc. of the ledger, as well as the digital demand of physical assets. Blockchain application scenarios are characterized by "new database, multi business entities and mutual distrust". The financial instry has the characteristics of low trust among participants and high requirements for transaction record security and completeness, which is very consistent with the application characteristics of blockchain technology. Therefore, the financial services instry is one of the instries with the most blockchain technology landing projects and the most abundant scenarios, such as supply chain finance, asset securitization, credit reference and risk control. In the financial field, blockchain technology can not only reform the financial infrastructure, but also play a synergistic role in the scenes of supervision, transaction, credit reference, virtual currency and so on. For example, in the traditional financial environment, supervision is managed by reporting data from various business organizations, which will cause many disadvantages, such as "black box" operation, decision-making delay and so on. However, under blockchain finance, with the advantages of information transparency and penetration and regional centralization, the regulatory authorities can grasp all business information at the first time. At present, Internet financial companies such as fox financial services are vigorously developing blockchain technology. Through the characteristics of decentralized blockchain technology and distributed storage, they can enhance user information management and enhance regulatory efficiency.

2. There are many. Blockchain is characterized by sharing and trust. So in the application of financial field, we should pay attention to two points: first, there should be interaction, that is, transactions are very frequent, and people use data very frequently. Second, this part of business needs multi-party trust, and then low-cost trust can be established through the blockchain
for details, you can refer to Bubi blockchain, a domestic blockchain company that has done a better job. At present, they mainly focus on two aspects of business: one is supply chain finance, which means frequent interaction and complex business; Another is bumeng, which mainly establishes the credibility of digital assets through the blockchain platform.

3. In fact, it doesn't need to be so troublesome to download a
Simple tour
, which has scripts, charges, mining, planting, and can be used as long as it is adjusted properly. Specifically, when you download it, it will prompt you how much it costs. With half an hour's use time, you can go to
feel it
, if it's OK, you can buy it. You can charge it with a point card, and you don't need online banking

4. According to McKinsey's analysis, the impact of blockchain technology is most likely to occur in the main application scenarios of payment and trading banking, capital market and investment banking business
digital currency: to improve the convenience of currency issuance and use, for example, the central bank plans to issue its own digital currency; Cross border payment and settlement: realize point-to-point transaction and rece intermediate costs; Bill and supply chain financial business: rece human intervention, rece costs and operational risks; Securities issuance and Trading: realize quasi real-time asset transfer and accelerate the speed of transaction clearing (European crowdfunding is a typical model); Customer credit investigation and anti fraud: rece the cost of legal compliance and prevent financial crimes.

5. The first is definitely because of policy support. Most of the blockchain instrial parks are dominated by the government. The second is the participation of local enterprises, including capital and technology. The third is to have blockchain application projects that can be supported. Changsha high tech Zone also has a blockchain Instrial Park. Now it has launched a SMIC blockchain service platform project, It is also a blockchain application landing project.

6. 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
from an academic point of view, blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. Blockchain is essentially a decentralized database
for example, if you are a woman, every time your boyfriend says something disgusting to you or promises to buy something for you, you immediately record it and send it to you and all his friends, classmates, colleagues, as well as various groups and circles of friends, so that he can no longer resist. This is called blockchain
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.