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Blockchain can be circulated
Publish: 2021-04-14 15:19:36
1.
because the library led by Facebook this time is mainly a virtual currency for mobile payment. Therefore, it is also considered as a challenge to the traditional financial instry in the United States . Because we know that the traditional financial instry in the United States uses credit cards for payment, but the virtual currency launched by Facebook is likely to have the most severe impact on the credit card system of the traditional financial instry in the United States. So it is also possible to break the monopoly on the U.S. financial instry. So this is good news for the whole society and the whole world
But we all know that as an American company, Facebook will first consider the interests of Americans, not the interests of the whole world. Therefore, it is impossible for the United Nations to make a very favorable decision at present2. According to the analysis of jinwowo network technology, blockchain has become one of the hottest words. Blockchain has the core advantages of decentralization and distrust, which can perfectly solve the problems of information asymmetry, high transaction cost and stranger trust in the development of sharing economy, making "indivial economy" possible
based on this, blockchain technology is considered to be the core technology with the most potential to trigger the fifth round of disruptive revolution after steam engine, power, information and Internet technology.
based on this, blockchain technology is considered to be the core technology with the most potential to trigger the fifth round of disruptive revolution after steam engine, power, information and Internet technology.
3. This is basically unrealistic. Let alone this currency, even bitcoin, which is the most well-known currency at present, is difficult to become a currency in global circulation. Although theoretically it can be circulated in the world, in fact the scope of circulation is very limited
in fact, the global payment blockchain R9 has false publicity, misleading investors. Blockchain is a reliable technology, anyone can use blockchain to develop related applications. For example, Ethereum, distributed content publishing platform, decent
in fact, the global payment blockchain R9 has false publicity, misleading investors. Blockchain is a reliable technology, anyone can use blockchain to develop related applications. For example, Ethereum, distributed content publishing platform, decent
4. Blockchain technology bank will bring three levels of changes to the society: 1.0 is currency; 2.0 is the application of the whole financial field; 3.0 is beyond the money market. Information shows that all large financial institutions in the United States and Europe have internal development and evaluation of 10 to 20 blockchain projects. Next year, banks will invest more than $1 billion in blockchain technology
the form of global currency is undergoing a great change. The issue of digital money will challenge the central bank's money supply, the right to issue money and the regulatory mechanism
in the field of transaction payment, blockchain has the advantages of decentralization, no need to trust the system, disintermediation, tamper proof, encryption security, etc. This point-to-point model without trust means that commercial banks are less necessary to act as payment intermediaries and credit intermediaries, weakening the role of traditional commercial banks in the process of currency creation, And then spread to deposits and credit
under the extreme situation that digital currency completely replaces cash, the traditional outlets will lose their existence value. However, the issue of digital currency not only requires mobile digital devices as hardware support, but also solves the problems of digital identity authentication and privacy protection. Therefore, commercial banks have enough time to study the countermeasures<
at present, the financial system still mainly relies on the centralized scheme to solve the credit problem, that is, to establish the credit through the government, banks and other centralized authorities. Blockchain technology facilitates transactions through technical endorsement rather than centralized credit institutions
intelligent assets based on blockchain can build credit free lending relationship. The core idea of smart assets is to control ownership. The digital assets registered on the blockchain can be used at any time through the private key. If you borrow money on the Internet, you can use the smart assets as collateral. The automatic execution of the smart contract can lock the mortgaged smart assets. After the loan is paid off, you can confirm the contract conditions to automatically unlock it. As a result, the probability of disputes between the two sides is greatly reced
blockchain technology can achieve direct transactions between institutions and greatly rece costs. Taking cross-border payment as an example, it takes two or three days to process under the traditional payment mode, while the point-to-point payment mode adopted by blockchain only takes a few seconds to a few hours. Santander central of Spain studies that by recing the cost of cross-border payment, securities trading and compliance, blockchain technology can save the banking instry $15 billion to $20 billion a year
at present, the middle and back office of the bank is engaged in a large number of functions such as account registration and settlement, and some complex transactions need to be recorded and operated manually. At the same time, in complex trading projects, it often involves multiple trading subjects, multi-party communication and check. The smart contract in the blockchain can code the operation rules or protocols, execute them automatically and rece manual intervention, so as to achieve more efficient and standardized financial services
blockchain technology is of great help to expand financial sharing. For example, in Kenya and the Philippines, bitcoin has been developed as a bridge for international remittance tools, so that people without bank accounts can send and receive cross-border payments instantly through mobile app
the important reason why bitcoin can realize the function of global currency and payment is that blockchain technology has realized the credit consensus of different countries, regions and people with different political and cultural backgrounds, thus breaking through the credit limitations of institutions, regions and even countries
blockchain can save regulatory records and audit traces, provide convenience for supervision and audit, and effectively control operational risks such as fraud and manual input error. Because the transaction confirmation is the completion of clearing and settlement, it also greatly reces the risk of counterparties. The distributed network and consensus mechanism of blockchain also rece the system risks of financial institutions such as hacker attacks and server downtime
of course, the large-scale application of blockchain technology in the financial instry still faces many challenges
the first is the restriction of current laws and regulations. Blockchain technology is constantly changing, judicial and regulatory agencies are still in the state of research, the application of financial blockchain technology will face different degrees of compliance problems
secondly, there is no mature underlying blockchain technology platform. Blockchain still faces many technical problems, such as capacity scalability, privacy protection, inability to settle with net position, non recourse after the event, etc. The cost of integrating blockchain technology into the existing financial system is high. The large-scale use of blockchain technology not only needs to reshape the IT architecture and business process, but also to overcome the conflict from the internal cultural concept
therefore, blockchain technology needs the collaboration of all financial instries to be truly implemented
at present, commercial banks in China can grasp the new Internet finance mode derived from the technical background of block chain through internal experiments and alliance cooperation, and use block chain technology as a powerful tool to realize "Internet plus".
there are three kinds of blockchain technology practices in overseas financial instry: internal laboratory, investment in blockchain companies and establishment of partnership. Considering the regulatory factors, it is difficult for domestic financial institutions to grasp the new trends in this technology field through direct investment in blockchain companies, but they can consider setting up R & D laboratories and cooperating with technology companies to participate in research
in China, Bubi blockchain is a leading blockchain technology service provider in China. Since its establishment, Bubi blockchain has been focusing on the R & D and innovation of blockchain technology and procts. It has a number of core technologies, and has achieved substantial innovation in many aspects, forming a number of core technology achievements, such as mathematically proven distributed consensus technology, distributed consensus technology, and so on Fast large-scale account book access technology, multi chain general ledger technology supporting business form expansion, interconnection technology between heterogeneous blockchains, etc. We have developed our own blockchain basic service platform, which has been applied in equity, supply chain, credit and other fields. Bubi blockchain has been committed to building an open value circulation network with the core of decentralized trust, so as to let digital assets flow freely
in order to take the initiative in the future application and strive for the right to speak, China's commercial banks should actively participate in the formulation of international and domestic standards, apply for blockchain technology patents, strengthen in-depth research on blockchain technology details, and carry out necessary technical reserves, including cross-border payment, inter-bank settlement, bills, supply chain finance, consumer finance, etc The feasibility of the application of mortgage and other specific business areas
the combination of blockchain technology with Inclusive Finance and sharing economy is a key breakthrough area. We can study how to use blockchain technology to achieve low-cost capital transfer in areas with insufficient financial coverage and underdeveloped economy through cooperation with scientific and technological innovation enterprises; Research on the use of blockchain technology to generate a unique electronic contract on the blockchain, which can not be forged by both sides of the debit and credit, so as to improve the security and reliability of P2P and other new lending models; This paper studies the way of registering assets and controlling private key through blockchain to control the ownership of enterprise mortgage assets
e to regulatory reasons, blockchain technology is still difficult to be directly applied in financial business. However, commercial banks can apply blockchain technology in areas that are not subject to financial supervision, such as recing operation and management costs and improving employee benefits. For example, some small-scale experiments will be carried out in the fields of points exchange, physical assets and procurement system.
the form of global currency is undergoing a great change. The issue of digital money will challenge the central bank's money supply, the right to issue money and the regulatory mechanism
in the field of transaction payment, blockchain has the advantages of decentralization, no need to trust the system, disintermediation, tamper proof, encryption security, etc. This point-to-point model without trust means that commercial banks are less necessary to act as payment intermediaries and credit intermediaries, weakening the role of traditional commercial banks in the process of currency creation, And then spread to deposits and credit
under the extreme situation that digital currency completely replaces cash, the traditional outlets will lose their existence value. However, the issue of digital currency not only requires mobile digital devices as hardware support, but also solves the problems of digital identity authentication and privacy protection. Therefore, commercial banks have enough time to study the countermeasures<
at present, the financial system still mainly relies on the centralized scheme to solve the credit problem, that is, to establish the credit through the government, banks and other centralized authorities. Blockchain technology facilitates transactions through technical endorsement rather than centralized credit institutions
intelligent assets based on blockchain can build credit free lending relationship. The core idea of smart assets is to control ownership. The digital assets registered on the blockchain can be used at any time through the private key. If you borrow money on the Internet, you can use the smart assets as collateral. The automatic execution of the smart contract can lock the mortgaged smart assets. After the loan is paid off, you can confirm the contract conditions to automatically unlock it. As a result, the probability of disputes between the two sides is greatly reced
blockchain technology can achieve direct transactions between institutions and greatly rece costs. Taking cross-border payment as an example, it takes two or three days to process under the traditional payment mode, while the point-to-point payment mode adopted by blockchain only takes a few seconds to a few hours. Santander central of Spain studies that by recing the cost of cross-border payment, securities trading and compliance, blockchain technology can save the banking instry $15 billion to $20 billion a year
at present, the middle and back office of the bank is engaged in a large number of functions such as account registration and settlement, and some complex transactions need to be recorded and operated manually. At the same time, in complex trading projects, it often involves multiple trading subjects, multi-party communication and check. The smart contract in the blockchain can code the operation rules or protocols, execute them automatically and rece manual intervention, so as to achieve more efficient and standardized financial services
blockchain technology is of great help to expand financial sharing. For example, in Kenya and the Philippines, bitcoin has been developed as a bridge for international remittance tools, so that people without bank accounts can send and receive cross-border payments instantly through mobile app
the important reason why bitcoin can realize the function of global currency and payment is that blockchain technology has realized the credit consensus of different countries, regions and people with different political and cultural backgrounds, thus breaking through the credit limitations of institutions, regions and even countries
blockchain can save regulatory records and audit traces, provide convenience for supervision and audit, and effectively control operational risks such as fraud and manual input error. Because the transaction confirmation is the completion of clearing and settlement, it also greatly reces the risk of counterparties. The distributed network and consensus mechanism of blockchain also rece the system risks of financial institutions such as hacker attacks and server downtime
of course, the large-scale application of blockchain technology in the financial instry still faces many challenges
the first is the restriction of current laws and regulations. Blockchain technology is constantly changing, judicial and regulatory agencies are still in the state of research, the application of financial blockchain technology will face different degrees of compliance problems
secondly, there is no mature underlying blockchain technology platform. Blockchain still faces many technical problems, such as capacity scalability, privacy protection, inability to settle with net position, non recourse after the event, etc. The cost of integrating blockchain technology into the existing financial system is high. The large-scale use of blockchain technology not only needs to reshape the IT architecture and business process, but also to overcome the conflict from the internal cultural concept
therefore, blockchain technology needs the collaboration of all financial instries to be truly implemented
at present, commercial banks in China can grasp the new Internet finance mode derived from the technical background of block chain through internal experiments and alliance cooperation, and use block chain technology as a powerful tool to realize "Internet plus".
there are three kinds of blockchain technology practices in overseas financial instry: internal laboratory, investment in blockchain companies and establishment of partnership. Considering the regulatory factors, it is difficult for domestic financial institutions to grasp the new trends in this technology field through direct investment in blockchain companies, but they can consider setting up R & D laboratories and cooperating with technology companies to participate in research
in China, Bubi blockchain is a leading blockchain technology service provider in China. Since its establishment, Bubi blockchain has been focusing on the R & D and innovation of blockchain technology and procts. It has a number of core technologies, and has achieved substantial innovation in many aspects, forming a number of core technology achievements, such as mathematically proven distributed consensus technology, distributed consensus technology, and so on Fast large-scale account book access technology, multi chain general ledger technology supporting business form expansion, interconnection technology between heterogeneous blockchains, etc. We have developed our own blockchain basic service platform, which has been applied in equity, supply chain, credit and other fields. Bubi blockchain has been committed to building an open value circulation network with the core of decentralized trust, so as to let digital assets flow freely
in order to take the initiative in the future application and strive for the right to speak, China's commercial banks should actively participate in the formulation of international and domestic standards, apply for blockchain technology patents, strengthen in-depth research on blockchain technology details, and carry out necessary technical reserves, including cross-border payment, inter-bank settlement, bills, supply chain finance, consumer finance, etc The feasibility of the application of mortgage and other specific business areas
the combination of blockchain technology with Inclusive Finance and sharing economy is a key breakthrough area. We can study how to use blockchain technology to achieve low-cost capital transfer in areas with insufficient financial coverage and underdeveloped economy through cooperation with scientific and technological innovation enterprises; Research on the use of blockchain technology to generate a unique electronic contract on the blockchain, which can not be forged by both sides of the debit and credit, so as to improve the security and reliability of P2P and other new lending models; This paper studies the way of registering assets and controlling private key through blockchain to control the ownership of enterprise mortgage assets
e to regulatory reasons, blockchain technology is still difficult to be directly applied in financial business. However, commercial banks can apply blockchain technology in areas that are not subject to financial supervision, such as recing operation and management costs and improving employee benefits. For example, some small-scale experiments will be carried out in the fields of points exchange, physical assets and procurement system.
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