Blockchain self financing
secondly, blockchain is a relatively safe system. bitcoin is such a familiar blockchain application, and it is also the most successful blockchain application so far. So far, bitcoin has been running stably for 6-7 years. This system almost breaks everyone's idea of building a traditional financial system. First of all, it has no security facilities. Anyone who takes a machine into the network can join the network and work. In the whole bitcoin network, more than 80% of the machines are bare metal, They have neither good security protection nor any firewall measures; Secondly, because of the design of bitcoin, some of its data can track the history, prevent tampering and be irreversible
finally, it is an obvious feature of blockchain. It is a very open system. At present, there are many open source underlying implementations for your reference or use, and it is very scalable. It has been committed to establishing a multi center instry alliance or business alliance
Introction to Bubi blockchain
since its establishment, Bubi blockchain has been focusing on the R & D and innovation of blockchain technology and procts, has a number of core technologies, and has made substantial innovation in many aspects, forming a number of core technology achievements, such as: mathematically verifiable distributed consensus technology, fast large-scale ledger access technology, and so on Multi Chain general ledger technology supporting business form expansion, interconnection technology between heterogeneous blockchains, etc. On April 25, "gege integral" introced the integral system into the concept of blockchain, opened up by multiple parties, issued and exchanged integral, and promoted the circulation of integral. All cooperative institutions can jointly participate in transaction verification, account book storage and real-time settlement; The third-party payment platform of the enterprise points issuer makes the points in and out more flexible. Bubi has developed its own basic blockchain service platform, which has been applied in equity, supply chain, credit and other fields. Bubi has been committed to building an open value circulation network with the core of decentralized (polycentric) trust, so that digital assets can flow freely
there are two extremes in the development trend of blockchain. Some people advocate private chain, while others advocate public chain. In fact, more than 90% of the mainstream applications in Europe and the United States are instry chain or alliance chain, that is, the upstream and downstream of an instry, or the semi open blockchain built by core enterprises, such as R3, LINQ of NASDAQ supported by chain, and some instry applications made by Dah to Australian stock exchange or Morgan
in fact, in the process of development and use of blockchain, it is around the following three important links: consensus, balance of book efficiency and scalability. Some geeks, such as bitcoin or Ethereum, are completely public. There are also some private chains used for efficiency transformation or connection between subsidiaries within enterprises. Most of them are upstream and downstream of instry alliances. They gather together for heating or jointly expand the business scale, which is the mainstream instry chain at present
blockchain naturally has two kinds of attributes: voucher and transaction. The attribute of voucher makes it the entrance of asset securitization and asset number, and the attribute of transaction enhances the free circulation of assets. Therefore, blockchain may become the infrastructure to build a free circulation network of value in the future
the field of blockchain? Blockchain applications? Referring to the development history of the Internet, the value free circulation network constructed by the blockchain is also an independent partial value circulation network (instry chain, alliance chain) formed by various instries according to their own needs in the early stage. In the later stage, driven by the demand for cross instry asset exchange, the instry chain is connected in series by some ways of interconnection, The formation of a de facto free circulation network of common value (public chain).
Anti counterfeiting, such as frog coin and Weilian the source and process of frozen food monitoring of final procts such as imported milk powder and luxury goods: red wine, bags and refrigerators, because it is impossible to cheat by writing into the blockchain Back modification is being implemented or has been implemented (only the chain's partners are very strong)
smart contract or intellectual property rights, such as publishing a song. In the blockchain, you own the song, use the smart contract to sell and protect the property rights, such as Neo and Ethereum. Game development or program development: for example, cryptokitties are free to breed and trade different kinds of cats without age or rarity (the closer the age is, the more expensive it is)
the evolutionary version of ICO IPO raised $40 billion in 2017, which is the securities of any company or indivial to support its development of e-money Platform (polymeth)
free trade of game items under development
Blockchain technology has the advantages of being difficult to tamper with and easy to trace. It can play a role in identity information management, trust mechanism construction, and credit information chain of small and micro enterprises
here is an example of a bank in Nanping:
e to the outbreak of online business, the original offline signing method has been unable to meet the needs of the rapid change of the banking business, and the bank's digital construction is imminent, but the bank's risk control department has strict compliance requirements:
< UL >online business data sensitive privacy, Is the transmission secure
does the electronic signature have legal effect
can electronic evidence be accepted by the court
these concerns have become obstacles for banks to introce e-contracts and carry out business digital transformation
after adopting the unique ENA initiative forensics patent technology of the "real hammer" trusted electronic evidence platform, a bank in Nanping, through the clean server of the notary office, online carries out real-time preservation, storage and certification of the electronic data of the target system, records the whole process of the electronic data from generation, transmission to storage, and finally the notary office issues the forensics preservation report with official seal, The effectiveness of the documents is notarial documents, which can be directly accepted by the court. Because the report is issued by the notary office, it has more credibility than the self certification of the third-party E-contract platform, which solves the concerns of the risk control department of the bank at one stroke. The whole process is online and automated, and the front-end customer operation has no perception
at the same time, combined with the back-end case system of "real hammer" and the outsourcing execution service, the bank realized the rapid dispute resolution of Internet business. It not only ensures the compliance and effectiveness of the electronic contract signing process, but also solves the problem that the bank cases are scattered all over the country and the cost of legal business trip is high; The litigation cycle is long and there is no efficient disposal channel
Application of blockchain technology in banking
2.1 self regulatory platform
we rarely see a platform that can conct self-regulation without intervention. In all areas similar to the financial instry, central banks and regulators (such as the securities and Exchange Commission) come to set uniform rules and manage them. Blockchain technology makes the system no longer need the supervision from enterprises or government entities, so as to regulate the operation of the system. Blockchain provides a mechanism called "workload proof", which allows each computer node in the system to participate in the approval of each transaction. The system has built-in check and balance mechanism to ensure that no computer in the system can deceive the system. All of these reviews and supervisions are completely automated by the computer. At present, there are many other consensus models that can replace the "workload proof" mechanism, but still retain the core idea that each client or node can manage the system point-to-point. What's more, blockchain makes every element in the system completely transparent. Therefore, for such a large-scale community all over the world, blockchain technology can easily review and manage it - "supervision from the public", thus effectively recing fraud. Imagine how much it can save costs and improve efficiency
2.2 compliance with the law and easy tracking
actors (users) and their behaviors (sending money or assets to others) are recorded on the blockchain. Any transaction between the two parties can be tracked and inquired, and can be proved in court. This is because all transactions need a set of public key / private key to encrypt and decrypt processing and transactions. Once they are added to the blockchain, they are permanent and unchangeable. Any record, once written to the blockchain, cannot be tampered with. Anyone holding assets or digital currency on the blockchain will have their own public key on the blockchain. When a transaction occurs, it needs to be signed by the previous holder who controls these assets using the private key. Blockchain also allows a variety of mechanisms for transactions. For example, it can be set to require two people to jointly sign a transaction. In a system without endorsement of enterprises or government, the legally binding mechanism can greatly enhance the trust factor for the system
2.3 built in business continuity
a global platform can not bear the risk of downtime when concting major transactions. Blockchain, a complete point-to-point network, has many distributed nodes and computer servers to support, which has high reliability. Every node in the system keeps a of the complete blockchain data. This makes the whole network highly fault-tolerant, if any part of a few nodes have problems, it will not affect the other parts of the network continue to operate. This makes it possible to achieve 24 / 7 all-weather operation characteristics like disaster recovery center or database rendancy center without using complex technology
2.4 evolution model without burden
in the system, there are a series of rules and key points to help decide who has the right to approve the transaction and what needs to be reviewed before the transaction is written into the blockchain. Blockchain technology can fork out new versions according to different environments and business model requirements. The new version also needs to conform to the overall concept of blockchain. All these changes must be approved by all members of the system, and everyone can get the same benefits. In addition, these changes will not affect the transactions that have occurred and confirmed on the blockchain. For a system, it has enough robustness and flexibility. People often compare the similarities between the Internet and blockchain, including their growth potential and business prospects. These two systems have very similar characteristics. The Internet does not need or does not have a centralized management department (except for a few for the management of agreed URL and domain name registration), but also has enough rendancy and strong fault tolerance. The Internet has been developing for so many years, from basic text to rich graphics, video, animation, and all this has not affected other existing systems and content. Blockchain has fully proved its function and practicability in bitcoin system. Just as the famous Chinese philosopher Lao Tzu said, "the tree that embraces is born at the end of a tree."; The platform of nine layers starts from the base soil; A journey of a thousand miles begins with a single step. " I think this should be the creed of all the pioneers of blockchain technology
as a rookie of Bubi blockchain, I tell you so much!
In the traditional supply chain finance, financing difficulty, high financing cost and cumbersome financing process have always been one of the bottlenecks restricting small and medium-sized enterprises to become bigger and stronger. Banks rely on the ability of core enterprises to control goods and regulate sales. For the sake of risk control, banks are only willing to provide factoring services to upstream suppliers (limited to first tier suppliers) with direct accounts payable obligations of core enterprises, or provide prepayment or inventory financing to their downstream distributors (first tier suppliers). As a result, the demand of secondary and tertiary suppliers / distributors with huge financing demand can not be met, the business volume of supply chain finance is limited, and the small and medium-sized enterprises can not get timely financing, which will easily lead to proct quality problems and damage the whole supply chain system
to solve these problems, we can make use of the characteristics of decentralized, tamper proof and distributed ledger of blockchain technology to build a blockchain supply chain financial platform
The core enterprise issues a / R certificate to the distributor. After the distributor signs the receipt, it indicates that it has signed the purchase and sales contract and the core enterprise delivers the goods Because of the shortage of funds, distributors need to borrow money from finance3. After the financial institutions have approved, the amount of loans will be sent to the core enterprises
The distributor will repay the loan and interest after selling the goodsFinancial service system, including the direct financial means represented by direct investment and the indirect financial services realized through the intermediary commercial banks and other institutions, these two forms of financial services have been accompanied by human economic and social value creation for a long time. Although the cost increases, compared with the final result of solving the problem, the cost is worth it
self financing means that non-financial enterprises rely on information technology to provide investment, financing, and service to their own or business related enterprises and indivials, such as upstream and downstream enterprises, subsidiaries and branches of the supply chain, end consumers and their own employees, for the purpose of serving their own main business and related instries Comprehensive financial information services such as payment settlement and value-added
self financing generally adopts its own system or the latest blockchain technology to rece the development and use costs. For example, there is the ultimate ledger of the public chain of self financial blockchain. It is designed for the self financing scene. Any tangible assets or intangible rights and interests can be issued into digital assets on ultiledger to complete the right confirmation, fairness, transaction and circulation. For example, the implementation of supply chain finance. For example, the transaction of property rights, the circulation of various credit or assets in the community, the circulation of points in a business circle, and so on. The application scenarios of self financing can be said to be very wide< strong>