Blockchain technology and digital Finance

1. digital currency is an application of blockchain
blockchain is the core supporting technology of digital cryptocurrency system represented by bitcoin. 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.

2. Theoretically, blockchain technology will be the future of financial services, but in fact, it is still a long way to go. However, domestic European crowdfunding and international NASDAQ are already trying blockchain projects
the invention and development of blockchain and its related technologies benefit from the rapid development of computer instry: 1. The processing speed of computer chips has been greatly improved; 2; 2. The cost of storage devices is greatly reced. Blockchain technology derived from a variety of technologies, such as: smart contract; Digital rights management; Internet of things (IOT) innovates business model; Private data protection; Distributed storage of digital content; Voting; Credit system strengthening and so on<
financial services instry can benefit from blockchain technology
subversive potential
Professor Peters and panayi of University of London believe that "blockchain technology has the potential to subvert the world banking instry, which can improve and promote services such as global currency exchange, smart contracts, automated banking books and digital assets." In addition, there are "blockchain technology can be applied to many fields, such as transaction processing program, government cash management, commercial bank account book management, financial asset clearing and other fields."

3. Decentralized, open and transparent payment and collection technology. If you don't understand, I'll take you to make one. Completely free blockchain digital currency.

4.

As of May 2020, blockchain and digital currency are illegal in China

according to the announcement of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the risks of token issuance and financing, Article 2 no organization or indivial shall illegally engage in token issuance and financing activities. Organizations and indivials that have completed the token issuance and financing should make arrangements such as refund, reasonably protect the rights and interests of investors, and properly handle risks. Relevant departments will seriously investigate and deal with the activities of token issuance and financing that refuse to stop and the illegal behaviors in completed token issuance and financing projects

Article 3 strengthen the management of token financing trading platform

from the date of this announcement, any so-called token financing trading platform shall not engage in the exchange business between legal currency and token and "virtual currency", and shall not buy or sell token or "virtual currency" as a central counter party, and shall not provide pricing for token or "virtual currency" Information intermediary and other services

extension data

"illegal financial institutions and illegal financial business activities ban" stipulates that:

eleventh, the criminal suspect, funds and property involved in illegal financial institutions and illegal financial activities, and the public security organs shall take compulsory measures according to law to prevent suspect from escaping and transferring funds and property. p>

Article 12 the people's Bank of China shall, after investigation and confirmation, make a decision to ban the illegal financial institutions and financial business activities, declare them illegal, order them to stop all business activities, and make an announcement

Article 13 if the people's Bank of China discovers that a financial institution opens an account, handles settlement and provides loans for an illegal financial institution or illegal financial business activities, it shall order the financial institution to stop the relevant business activities immediately. No unit or indivial may use the relevant funds without authorization

5.

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:

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online business data sensitive privacy, Is the transmission secure

does the electronic signature have legal effect

can electronic evidence be accepted by the court

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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

6. Blockchain belongs to it technology, and finance is an application direction of blockchain
the core advantage of blockchain technology is decentralization, which 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 high 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.

7. Blockchain is its underlying application technology, and digital currency is its currency. Its practical application has little impact on the fluctuation of digital currency
when the economy is stable, it doesn't rise. When the economy is in turmoil, people begin to store digital currency. Of course, it is convenient for some corrupt elements
now the economy is stable, the digital currency is in a bear market, the financial crisis, the crisis, and only when there is a crisis can there be an opportunity. At that time, the rapid growth of bitcoin was the opportunity in the financial crisis. Don't worry, there will be a bull market in digital currency, which is expected to come in the second half of next year

8. It should have something to do with it. I saw this sentence on the public service platform of SMIC's blockchain two days ago. The platform is provided with the initial registration service of enterprise information by CSSD. I checked that the Jinzhu digital asset service platform of CSSD has applied the blockchain technology. So I think it might matter.

9. Digital assets include bitcoin, q-coin and other virtual assets. Bitcoin is an application of blockchain technology, and blockchain technology can be used in digital assets, Internet Finance and other fields, which is equivalent to a closed-loop system. Now many companies or fields are using blockchain technology, similar to the digital asset registration done by China Securities digital registration. Alibaba, Tencent and Internet are also in active layout.