Application of blockchain technology in financial management

1. Absrtact: blockchain technology is the underlying technology of bitcoin. Without any centralized organization operation and management, bitcoin has been running very stably for many years (perfectly for seven years), and there has been no problem (no missing account). Therefore, some people have noticed its underlying technology and abstracted bitcoin technology, which is called blockchain technology, Or distributed ledger technology
what is centralization

the so-called centralization means "ownership" or ownership by the company. For example, Tencent's q-coin, which is issued by Tencent, is a kind of centralized electronic currency, including the total amount and the issuing method, is supervised and controlled by Tencent. You can use it, trade and go shopping, but you always have to operate in the framework of Tencent, and the final right of interpretation belongs to Tencent

the issuing mode of bitcoin is preset by the program and encryption algorithm, and runs on multiple nodes all over the world. No one or organization can modify it (everyone has his own account book, so it is impossible for one person to control everyone's account book at the same time. If there is such a technology, why should it be so complicated, If you want to blackmail money into your account, you will be the richest man in the world. There is no one left, And it is not controlled by any single person or organization
take an example: for example, Lao Zhang borrows 100 yuan from Lao Li, but Lao Li is afraid that he will default, so he asks the village head to do notarization and write down the account. This is called centralization. But if you don't find the village head, you can use the loudspeaker to shout in the village: "I Lao Li lent Lao Zhang 100 yuan! Please put it in the account book. "We all put this account in our own account book. This is called decentralization
anyone who transfers money between them will release information through loudspeakers. After receiving the information, everyone will record the transaction in their own account book. With distributed ledgers, it doesn't matter if Lao Zhang or Lao Li's ledgers are lost, because Lao Zhao, Lao Ma, Lao Wang and other families have ledgers

the main advantages of blockchain are that it does not need intermediary participation, the whole process is open and transparent, and the cost is low, and the data security is high

at present, blockchain is in a stage where everyone talks about blockchain, but can't perceive its actual technical charm. Since 2017, it has graally come into our sight, and we have graally realized that bitcoin is more fierce than real estate speculation (the price of mining machinery has skyrocketed! The news is on the screen But I still don't know

so, in which fields can blockchain be applied, what kind of changes will it bring to our future life

the core key: everyone has an account book, everyone has an account book, and the information recorded in each person's account book is consistent and synchronous, and the information is completely transparent. If it is fake, it will be the public enemy of the whole people, which greatly increases the cost of data fraud

core key 2: decentralization, which does not need a central system to manage data, prevents some people from changing data and damages the interests of the majority of people

Application:

1. Account security and privacy protection: currency transfer, exchange, payment system. Blockchain can help prevent data manipulation and fraud, prevent distributed denial of service attacks (DDoS), and effectively protect users' network privacy. Key words: anti counterfeiting, anti-counterfeiting, loan payment

2. Copyright regulation and interest disputes: for example, when a song is downloaded, from the author to the procer and then to the singer, they can get payment in real time through the blockchain, without having to wait for a long time like the traditional way, or even get no reward e to right disputes. Instead of waiting for publishers to provide royalty checks, creators can freely control the process from publishing to payment through blockchain application. Key words: real time receipt, no property dispute

3. Internet of things + artificial intelligence: the intelligent devices in the Internet of things based on the blockchain will be used to monitor the real-time situation of urban infrastructure such as bridges, roads, power grids, etc. the blockchain can connect these intelligent devices together for unified management to help them monitor more efficiently. This will help people better understand how to build a smart city in the future. Key words: unified monitoring, intelligent city

4: proof of existence: in life, once you are asked to prove that you are you, that your mother is your mother, that you have never been married, that the house belongs to you, and so on, things seem very simple. Once it falls on you, it is a great trouble. The application of blockchain technology can perfectly solve the above embarrassment. At that time, all the information that belongs to you will be recorded accurately and can not be tampered with. No one has the right to change it. When the technology develops to a certain stage, birth certificate and marriage certificate may be recorded on the blockchain. Keywords: no keywords

in addition to the application scenarios mentioned above, blockchain technology can also be applied to e-commerce, data storage, logistics and other fields. As long as we grasp the characteristics of blockchain technology, it will become easy to understand.

2. The core advantage of blockchain technology is decentralization. It 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 common high cost, low cost and low cost of centralized institutions Low efficiency and data storage insecurity provide solutions
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
taking the tourism instry as an example, blockchain applications mainly focus on tourism travel, tourism community reviews, digital identity management, credit consumption management, tracking pilot's professional certificate and qualification, loyalty plan of hotels and airlines, reservation management and consumption points management. In addition, blockchain also has applications in finance, games, entertainment and other fields.

3.

A: the main application fields of blockchain technology are finance, Internet of things and logistics, public service, digital right, insurance and public welfare

First, in the field of finance,

blockchain has great potential application value in international exchange, letter of credit, equity registration, stock exchange and other financial fields

Second, the Internet of things and logistics

blockchain can also be naturally combined in the field of Internet of things and logistics. Through blockchain, we can rece logistics costs, trace the proction and delivery process of goods, and improve the efficiency of supply chain management

Third, in the field of public service, blockchain is closely related to people's proction and life in the fields of public management, energy and transportation. However, the centralization of these fields also brings some problems, which can be transformed by blockchain

Fourthly, in the field of digital right, through blockchain technology, works can be authenticated to prove the existence of text, video, audio and other works and ensure the authenticity and uniqueness of ownership

In the field of insurance, insurance institutions are responsible for fund collection, investment and claim settlement, and often have higher management and operation costs

Sixth, the data stored on the public welfare field

blockchain is highly reliable and tamperable, which is naturally suitable for social public welfare scenarios. The relevant information in the public welfare process, such as donation project, collection details, fund flow, recipient feedback, etc., can be stored on the blockchain, and can be made transparent and public, which is convenient for social supervision

4. Instry application of Newton
1) Chain retail: under the corporate organizational structure, capital gains have far exceeded labor gains. With the development of computer and Internet, a new generation of giant retail institutions accelerate the accumulation of wealth to capital. Chain business is the basic business model of human-computer community, and any behavior that has a positive contribution to human-computer community will be encouraged. The application of chain business model in the retail instry is concive to recing transaction costs, protecting consumer privacy and promoting intelligent cooperation
newmall: in the online mall of newmall, because there is no profitable commercial intermediary, the transaction cost of the seller will be greatly reced, and consumers, service providers and other participants can get the incentive of Newton's pass according to the contribution value (newforce)
new digital asset management: as a new digital asset of users, consumption data can be managed through tools such as newpay. Users really own the data, carry out authorization control, pricing and charging, and eliminate the data disclosure without knowledge
targeted advertising: users can set whether to accept marketing, as well as the required information type and price range through newpay and other tools. Advertisers set marketing plans through various marketing smart contract templates built into the system, including target users, incentive mode, settlement method, dynamic price adjustment rules, etc. Advertisers can accurately put in advertisements, make point-to-point settlement with users, and eliminate advertising fraud< br />2 Payment: the current payment cost is high, the efficiency is low, and the flexibility is poor. Through blockchain and other technologies, we can build a new generation of transaction and payment system. Internet of things devices based on newiot technology can access newchain at a very low cost. Smart contracts can be established between devices to realize automatic settlement and payment, meeting the high-frequency requirements in this scenario
Global Payment: through the global distribution of newchain infrastructure and newpay payment tools, cross-border transactions are simple and convenient, and the cost is extremely low
3) supply chain: goods are usually delivered to consumers through logistics, warehousing, customs clearance, sales and many other links. When there is after-sales service, there will be a corresponding reverse process. The current supply chain is basically opaque, and it is difficult for consumers to confirm the origin and circulation information of goods. For some instries, such as food, medicine and luxury goods, this is a big problem. Therefore, a transparent and credible supply chain system for all stakeholders is very important
through the combination of atomic hash, newiot, newchain and other technologies, the supply chain system will be credible, open and transparent, and generate more business innovation
4) self financing: the traditional financial service system has the characteristics of heavy workload, long cycle, high cost and poor flexibility, which is usually difficult to serve small and medium-sized enterprises and indivials. Through digital identity and credit, a new self financing system can be established
enterprise and indivial credit: enterprises and indivials establish a consistent credit system based on newid. Only after authorization, can a third party obtain credit records
Asset Securitization: through the smart contract template, financial organizations can create financial procts without human participation. Through the relevant token tools based on newchain, all kinds of assets can be easily valued or transformed into token on the chain
5) gaming: by combining with blockchain technology, a new game experience can be created: users are both players and rule participants, and virtual game assets are owned by users
automatic transaction of virtual game assets: through the cross chain and Oracle technology provided by newchain, the virtual items in various games can be easily recorded on the blockchain, and the automatic transaction can be realized
game with transparent rules: game developers can easily establish algorithm transparent game logic through newchain related smart contract tools to improve the fairness and transparency of the game
6) agriculture: Currently, there are many problems in agriculture, such as incomplete data and low degree of automation. Block chain combined with Internet of things technology can automatically collect, store and analyze proction data, save the high maintenance cost of centralized management system, rece the later maintenance cost, and help to improve the intelligent and large-scale level of agriculture
traceability of agricultural procts: by introcing the Internet of things equipment compatible with newiot standard into the process of agricultural means circulation, agricultural proction and agricultural procts sales, the safety and efficiency of the whole process of agricultural proction can be improved. Due to the non tampering characteristics of proction data, it can be widely used in scientific research and anti-counterfeiting purposes
intelligent planting: through the Internet of things sensor compatible with newiot standard, it can realize the all-weather monitoring of the planting environment and crop growth. Combined with newai, it can make intelligent decisions on the monitoring results, and build a complete set of intelligent planting system, which can discover risks in time, stabilize proction and increase income
7) public welfare: with its characteristics of decentralization, high transparency and tamper proof information, blockchain technology naturally meets the needs of the public welfare field. Public welfare organizations can store the whole process information from fund-raising, project progress, use of donation and feedback from recipients on newchain for the convenience of donors and the public< Public welfare audit: public welfare activities need public welfare audit to improve efficiency and maintain trust. Through newchain, newid and other technologies and agreements, every donation will be traceable. Public welfare institutions can track the later situation of the relief objects through relevant tools, which helps to enhance the fairness and transparency of public welfare
wildlife protection: using newiot technology, the data of rare wildlife resources can be recorded on newchain, so as to track the location, body index, etc. of each specific animal, providing key information help for migration scientific research tracking, combating poaching and trafficking.

5. Blockchain technology is to use computers to solve some propositions that can't be calculated by human brain. Generally, these propositions can't be judged by backstepping. They can only be tested one by one, so this is our legendary mining. So the stronger the computing power of the computer, the easier it is to try to get the right number, which means that we have succeeded in mining
this is totally different from the operations in accounting. Most of the operations in accounting are floating-point operations, which are totally different.

6. You probably know what kind of analysis to do, but the specific operation can't be written here

7.

The development of blockchain has been booming. What are the application areas of blockchain

at present, the most extensive and successful application of blockchain technology is digital currency represented by bitcoin. In recent years, digital currency has developed rapidly. Due to the characteristics of decentralized credit and frequent transactions, it has high transaction value and can maintain a relatively stable price by developing hedging financial derivatives as quasi super sovereign currency

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