Blockchain business practice and Legal Guide
"The unique credit mechanism built by blockchain technology is very promising," Qiao Xinliang, vice president of Suning technology group, told reporters. On July 20, 2018, Suning Technology Research Institute, Suning Financial Research Institute and Suning cloud jointly released the "Suning blockchain white paper", which interprets in detail the application scenarios of blockchain in Suning's advantageous instries such as retail, logistics, science and technology, finance, cultural and creative instries and public services, and points out the development route for many instries that blockchain technology can serve in the future. At the same time, based on the in-depth study of the application mode, landing scenarios and solutions of the blockchain in the smart retail ecosystem, this paper focuses on the specific solutions under each scenario
"large companies, especially those with a large number of instrial layout, have advantages in the application of new technologies such as blockchain. Because these companies have the commercial infrastructure and data operation ability to promote the use of technology, they can more effectively promote the aggregation of Commerce and accelerate the landing application," said Liu Xiaofan
content source: Sina Finance
Blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. 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
if such technology wants to be put into application, the biggest problem is the "Impossible Triangle problem"
that is, scalability, decentralization and security cannot be achieved at the same time, and only two of them can be achieved
most of the existing public chain projects in the market are difficult to put into use on a large scale
the second is that only mature technology is not enough. In order to realize a large number of DAPP and commercial applications on the blockchain, we must be prepared on one hand: that is, the digital currency that can be used as payment tool, exchange medium, value measure and value storage. Xiao Feng said that everyone thinks that bitcoin is a payment system, but the real bitcoin can not meet our demand for payment because its currency value fluctuates too much
for example, he said that a mall sold a bottle of water and accepted bitcoin payment. When he got up the next morning, he found that 20% of the value was gone. So it can't be accepted. After the Japanese parliament made it clear that bitcoin could be used as a payment tool, some Japanese businesses announced that they would accept bitcoin payment. But later found that it caused a lot of trouble for the stability of the company's balance sheet. Your balance sheet is unstable, up or down. This not only affects the value of the things sold, but also affects the credit evaluation of enterprises and the services provided by banks to companies
the third condition is the construction of laws and regulations and supervision system. The digital economy on the blockchain must obtain legal protection and comply with the law. Xiao Feng stressed that there can be no decentralization in this regard
the differences between blockchain and Internet are discussed. He believes that the core difference between the two is that the Internet is a centralized trust mechanism, while the blockchain is a decentralized trust mechanism, and there is no need to trust a third party
the second core difference between the Internet and blockchain is the incentive mechanism, not the digital currency or the ability to issue currency. Economics has been discussing incentive incompatibility. Under the company system and on the Internet, the incompatibility of incentive mechanism has not been solved. However, in the decentralized blockchain, the blockchain achieves complete incentive compatibility. Without shareholders, board of directors and employees, the conflicts of interest between these roles will not happen again.
revenge
in order to implement blockchain technology from concept to commercial application, help more small and medium-sized enterprises build big data advantages, and help users trace procts and data, Chongqing jinwowo network technology group, together with member of computer forensics expert committee of Chinese society of electronics, initiator of blockchain special committee (Preparatory) of Chinese society of electronics in December 2017 Li Lizhong, chief scientist of jinwowo network technology group, has set up a blockchain research center in Hangzhou, which is dedicated to providing big data services for blockchain business applications to small and medium-sized enterprises.