Blockchain will impact the third party platform

1. The disappearance should be temporary, just as newspapers are still there after Internet news. However, the new technology will certainly bring some impact or even impact. blockchain may affect the following 12 instry regions:
1. Banking
as a digital, secure and anti-interference account, blockchain realizes the core function of Banking: the safe storage and transfer center of value. In other words, in the next few years, a wave of companies based on blockchain technology may affect the banking instry. Indeed, UBS, a Swiss company, and baecelays, a British company, are trying to use blockchain technology to improve payment terms. Some other banking companies even said blockchain technology could save $20 billion in intermediate costs

therefore, it is not surprising that banks, as financial service giants, have become the growth force of blockchain venture. Payment and transfer
recently, the world economic forum wrote in Forbes magazine that decentralized payment technology, such as bitcoin, may change the "business structure" of the transfer instry that has not changed for more than 100 years. Blockchain technology can avoid complex systems and create a more direct payment process between the payer and the payee. Whether it is domestic transfer or cross-border transfer, this method has the characteristics of low price, fast speed, and no intermediate fees. Abra (above) is a start-up enterprise that uses blockchain technology for global bitcoin and blockchain based transfer
3. Network security
although the system of blockchain is public, advanced encryption technology is used in the process of data exchange such as verification and transmission. This technology not only ensures the correct source of data, but also ensures that the data will not be intercepted in the intermediate process. If the application of blockchain technology is more extensive, the probability of being attacked by hackers may also decrease. Therefore, people think that blockchain system is more secure than traditional system. One of the reasons why blockchain system can rece the traditional network security risk is that it relieves the demand for middleman
"eliminating middlemen not only reces the potential security risk of hacker attacks, but also reces the possibility of corruption," Goldman Sachs wrote. Guardtime (above) is an Estonian start-up company, which mainly studies instrial network security solutions based on blockchain technology
4. Academic record and academia
holbertson school, a California software skills program, announced that it will use blockchain technology to identify academic credentials. This will ensure the authenticity of holbertson school students in course identification. If more schools adopt such transparent certificates, transcripts and diplomas, academic corruption will be greatly reced, not to mention the labor verification time and paper document cost
5. Elections
at the University of West Virginia, the student union is considering whether to use a voting platform based on blockchain technology to conct school elections. If such a platform is used, students can vote with mobile devices, and the voting results will be included in the public system, so the voting is completely safe. One student who supported this way explained that the vote "can never be modified or deleted by us - programmers, school administrators or students."
Agora voting, a Spanish software project, uses encryption technology to improve the security of online voting. Several of their systems have also been tested in Spain. Recently, the leader of this project proposed several ideas to turn bitcoin and blockchain technology into voting applications, which are far from experimental
6. Car rental and sales
later last year, visa and DocuSign announced a cooperative plan to create specific solutions for car rental by using blockchain technology. In the future, car rental can be completed in three steps of "click, sign and open". The specific operation is: customers choose the car they want to rent, and then the transaction will be uploaded to the public account of the blockchain; Then, the customer signs a lease agreement and an insurance agreement from the driver's seat, and the blockchain will upload the information in real time. It is not hard to imagine that this leasing model may also be applied to the field of car sales and car registration
7. Network communication and Internet of things
IBM and Samsung are working together to realize an idea called adept. Adept uses blockchain technology to build the pillar of decentralized Internet of things. Coindesk said that with adept, the decentralized P2P automatic telemetry system, the blockchain can become a public system for many devices, and there is no need for a central hub to mediate the communication of various devices. After removing the central control system and identifying each other, the devices can automatically communicate with each other, manage software updates, bugs, or energy consumption
other companies are also committed to integrating blockchain technology into the Internet of things platform. For example, filamen, which uses blockchain technology to build a decentralized network for sensor communication, announced that they have obtained US $5 million investment in round a financing, with the participation of Verizon ventures and Samsung ventures
8. Smart contract
a smart contract is actually a computer program that functions on the action of another object. Like ordinary computer programs, intelligent contracts are also an "If then" function, but blockchain technology realizes the automatic filling of these "contracts" without human intervention. This kind of contract may eventually replace the core business of the legal instry, that is, the business of drafting and managing contracts in the commercial and civil fields
for example, mortgage loans can be completed through blockchain technology and automatically executed every year according to the terms of the contract. Ethereum, a crowdfunding platform based on blockchain technology, not only provides decentralized applications, but also provides smart contracts. Some users have married with their smart contracts. Another company, hedgy, received $1.2 million in seed round investment from Tim Draper, Marc Benioff, boost.vc and sand hill angels earlier this year. The company uses smart contracts to build a platform for users to discuss the value of bitcoin
9. Prediction
blockchain technology may shake the whole research, analysis, consulting and prediction instry. Aug, an online crowdfunding platform, hopes to make a profit in a decentralized forecasting platform. The company said it would offer a service that looked like a gaming swap. The whole process will be decentralized, and the AUG platform will not only provide users with sports and stock gambling services, but also provide election and natural disaster gambling services. This idea actually goes beyond sports gambling and creates a "forecasting market"
10. Online music
many musicians are choosing blockchain technology to improve the fairness of online music sharing. Billboard reports that two companies are automatically solving licensing problems by paying artists directly and using smart contracts. Peertracks, which is still in its infancy, wants to create a new music streaming platform where users can pay artists directly without middleman's intervention. Peertracks also hopes to create more direct interaction between artists and users
ujo music, led by entrepreneur Phil Barry, claims that they are rebuilding the music instry on the blockchain. Ujo also hopes to solve the problem of streaming music and artist payment. In addition to streaming music, it is also expected that ujo will be able to better classify the artists and creators behind the songs by using intelligent contracts as the autonomous brain of the song list
11. Travel sharing
Uber and other travel applications seem to be on the opposite side of decentralization. This company is like a deployment center, using its algorithm to control its drivers and their charges. According to the report of blog, Israeli venture LA & # 39; Zooz wants to "go against Uber.". The company invented its own patented digital currency, which, like bitcoin, can be digitally recorded using blockchain technology. Different from the centralized network, users can call in LA & # 39; Find people with similar itinerary on zooz, and then use LA & # 39; Zooz's currency pays the taxi fare. These coins can be used for car hailing in the future. Users can get LA & # 39 as long as they allow the app to track their location; Zooz's digital currency
12. Stock trading
for many years, companies have been trying to simplify the process of stock purchase, sales and trading. Emerging blockchain technology makers believe that they can go beyond the past, realize the automation of the whole process, and improve security and efficiency. Overstock's subsidiary T & # Com wants to use blockchain technology to realize online trading of stocks. Overstock is already using blockchain technology to issue public shares, wired reported. At the same time, chain, a blockchain technology maker (mentioned above), is working with NASDAQ to realize the share trading of private companies through blockchain technology.

2. Recently, the principle of blockchain has been talked about by many people. Obviously, blockchain has been deified by many people. It seems that all walks of life can use blockchain technology. However, to some extent, it is like a black box. We all know that blockchain has many features and benefits, but we don't know how to do it. In fact, as long as you understand the principle of blockchain, you don't have to hesitate

blockchain is not a single innovative technology. Instead, it brings together many cross domain technologies, including cryptography, mathematics, algorithms and economic models. Combined with the point-to-point network relationship, it can establish trust effect by using mathematical basis, and become a decentralized system that can operate without mutual trust or relying on a single centralized organization, Bitcoin is the first set of P2P e-cash system built by using blockchain technology, which is used to realize a decentralized digital currency system and ensure transaction security and traceability

however, how does the blockchain work and what key technologies it contains make it known as the trust machine? How can a transaction be verified in a P2P network that does not trust each other without the traditional trust institutions (such as banks, stock exchanges, third-party institutions and other centralized institutions)

to understand the operation principle of blockchain, we can first distinguish between transaction and block. Here, we understand the operation principle of blockchain from the generation of a transaction in the blockchain to the completion of the verification process and illustrate a block, and further disassemble the five key technologies of blockchain, See how it can be based on zero trust, decentralized, traceable and non tamperable

viewing the operation process of blockchain from a transaction

in bitcoin blockchain, when a transaction is generated through a node or wallet, the transaction needs to be transmitted to other nodes for verification. The method is to encrypt the transaction data by digital signature and get a string of unique hash values representing the transaction by hash function, and then broadcast the hash values to other participating nodes in bitcoin blockchain network for verification<

generate a new transaction

when a new transaction is generated, it will be broadcast to other participating nodes in the blockchain network first

each node will put several new transactions into the block

each node will collect several unverified transaction hash values into the block, Each block can contain hundreds or thousands of transactions

decide who will verify these transactions

each node will calculate the workload proof to decide who can verify the transactions, and the node with the fastest calculation result will verify the transactions, which is the consensus approach

the node that has obtained the verification right will broadcast the block to all nodes

the node that completes the pow as soon as possible will broadcast its block to other nodes

each node will verify and connect with a new block

other nodes will confirm whether the transaction contained in the block is valid, and accept the block after confirming that it has not been repeatedly spent and has a valid digital signature, At this time, the block is officially connected to the blockchain, and the data can no longer be tampered with

transaction verification is completed

once all nodes accept the block, the block that has not finished the pow calculation before will be invalid, and each node will re-establish a block to continue the next POW calculation

it can be seen that the principle of blockchain is not complicated, and its wide application is natural. Many companies have achieved fruitful results in the process of applying blockchain principles to reality. Bubi company is a leading blockchain service provider in China. It has made many breakthroughs in blockchain technology platform, which can meet the scenario of tens of millions of users, and has the ability to quickly build upper application business. Bubi blockchain platform is divided into bubichain and Bubi application adapters.

3.

Specifically, users can share the idle storage space and bandwidth resources of cat disk, and these resources will be output to companies such as content, video, game, blockchain, etc. cat disk company will convert the legal currency and various digital currencies paid by the latter into bitcoin, and users will get the corresponding bitcoin income. This is also the unique mining mode of cat disk

why reward bitcoin

because similar procts on the market reward users with points, diamonds and other rights and interests issued by relevant companies, and most of these rights and interests are of low or no value. In addition, those projects that once seemed to be hot are now almost withered, and the early players may benefit, while the late players will lose all their money

as we know, bitcoin is the anchor currency in the digital currency world. Cat disk directly uses bitcoin to motivate users, and users can pick up the coin to their wallet at any time, and their income can be guaranteed. Moreover, the risk of bitcoin breaking is almost zero, and the user's income will be more lasting and stable

how is the mining income distributed

when it comes to distribution, we should first introce the concept of "storage power", which is directly linked to the income of cat disk users. Storage power is an index based on users' shared storage space, bandwidth and online time. The larger the storage space, the faster the bandwidth speed and the longer the online time, the larger the storage power, and vice versa

the cat disk gains revenue by sharing storage bandwidth resources, and users can check the revenue through app every day, that is, how much bitcoin they earn. The profit distribution of maopan mining is not random, but through a series of calculations. In short, users' daily income depends on their personal storage capacity, all users' storage capacity and the amount of money issued each day. The calculation formula is as follows:

single user's daily income = single user's daily storage capacity / all users' daily storage capacity * Daily currency amount

it can be seen that users' daily income is positively correlated with the daily storage capacity index and the daily currency amount, and negatively correlated with all users' daily storage capacity index

what is the amount of money issued every day

the cat disk integrates the storage and bandwidth resources shared by users, provides storage and bandwidth services to the demander, and converts various digital currencies paid by the other party into bitcoin for distribution to users. How much bitcoin is issued every day depends on the actual business situation, so there is no way to give specific figures for the time being. What we can make clear is that, unlike other mining procts, cat disk does not issue its own currency or restrict the mining of a specific kind or several kinds of currency. Instead, it earns various digital currencies paid by others. These currencies are all market currency. Cat disk converts these currencies into bitcoin and distributes them to users

note that all the currencies are negotiable, and the more storage nodes, the more business, the higher the overall mining revenue; For other mining procts, the amount of money that can be mined is limited or issued by the owner. With the passage of time, there will be more and more mining machines, and the mining income will be less and less