Understanding of big data and blockchain
1. blockchain: it is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. The so-called consensus mechanism is a mathematical algorithm to establish trust and obtain interests between different nodes in the blockchain system
blockchain is an important concept of bitcoin. According to the 2014-2016 global bitcoin Development Research Report issued by the Internet Finance Laboratory of Wukou School of finance, Tsinghua University and Sina Technology, blockchain is the underlying technology and infrastructure of bitcoin [2]. In essence, it is a decentralized database, as well as the underlying technology of bitcoin. Blockchain is a series of data blocks generated by cryptography. Each data block contains the information of a bitcoin network transaction, which is used to verify the validity of the information (anti-counterfeiting) and generate the next block
2. Big data: refers to the data set that cannot be captured, managed and processed by conventional software tools within a certain period of time. It is a massive, high growth rate and diversified information asset that needs new processing mode to have stronger decision-making power, insight and discovery power and process optimization ability
big data refers to the technical difficulties caused by too much data, mainly 4V, large amount of data, fast data generation, diverse data formats and low data value
there are many corresponding technical problems to be solved
blockchain is a technical term in the field of information technology. In essence, it is a shared database. The data or information stored in it is characterized by "unforgeability", "trace in the whole process", "traceability", "openness and transparency" and "collective maintenance".
in the future, jinwowo will focus on blockchain technology to promote the legal circulation and commercial application of big data.
the relationship between blockchain and big data is not very big. The main purpose of big data is to manage massive data, and the core of blockchain is to achieve high security and high reliability of data without centralized intermediary accounting
therefore, blockchain and big data do not conflict with or replace each other. They are completely different solutions for data in different scenarios.
through the blockchain, jinwowo Group believes that the blockchain can not only trace the source of every commodity on the platform, ensure the quality of commodities, but also record the real behavior of every user on the platform, so as to enhance the integrity constraints of online behavior; Moreover, these behavior data can be reasonably and legally applied through the characteristics of blockchain itself.