Blockchain foreign exchange industry

1. Tiger foreign exchange has been committed to using blockchain, big data and other technologies to rece the cost of foreign exchange transactions and make the transactions more transparent and credible

2. Recently, the hottest topic is blockchain. The 24 eldest brothers formed a team to learn blockchain. This event can be regarded as an epic good in the blockchain circle. Starting from the evening of the 25th, bitcoin soared 40% in one day, and then more than n domestic concept coins soared in turn. The whole coin circle was beaten to death. Many aunts in the circle of friends microblog began to study blockchain; On the stock market, the blockchain sector is also very lively, with more than 1000 listed companies claiming to lay out the blockchain field. This shot is really 666. I remember everyone was busy getting rid of blockchain before! It's really forgetful
in a few days, the safe also released the blockchain development plan. It seems that the whole world will be transformed by blockchain. Many people have a kind of blockchain application, which will give the currency transaction and foreign exchange transaction a false identity
blockchain has a natural anti censorship international nature in terms of asset transaction and circulation, and can freely and conveniently circulate without the constraint of traditional concurrent management. On the one hand, there is a great risk, so the safe also said that in China, only RMB can be used for pricing, and anything that may threaten this basis should be prohibited. In a short period of time, it may be difficult for blockchain to achieve anything at the level of foreign exchange transactions. The foreign exchange bureau mentioned the application scenarios of blockchain technology in cross-border trade financing and macro Prudential Management. This direction belongs to the pure technology application direction, which is less related to transactions. At present, it is also the direction that the top priority is to develop, using blockchain technology to optimize the real instry
how to optimize it? Because blockchain has the characteristics of traceability, distributed transparency, tamper proof, etc., for example, in cross-border trade, the data of related parties involved in trade are linked and opened to third parties (such as banks) with permission. In the past, enterprises may need more practical asset mortgage to borrow money from banks, Now, by associating reliable trade data on the blockchain, the bank can know the future cash flow of the enterprise, and can use the operation of the enterprise as asset mortgage to give credit. This will greatly optimize the allocation of assets
another example is the patient information in the hospital. The traditional scenario is that the data of each hospital is independent. Every time you go to a new hospital, you will be asked to do a booklet or a set of examinations. If there is a medical chain open to all hospitals and all information is recorded in this account book, you can avoid a lot of plication and simplify efficiency
it is clear that the priority is to develop blockchain technology to optimize and transform traditional instries, with the focus on the combination with the real economy. I am also very optimistic about this, but in terms of asset trading, the expectation of currency trading and foreign exchange trading should not be too high. After the excitement, it will be calm. FX technology, fxmap in Assa community

3. Ask the guard at the gate of the city, the professional trainer has a query, you can put the mine in the auction house, soon there will be players in need will pull

4. Dog money, Wright money, Ethereum a lot.

5. The trading principle of sccti contract for difference is similar to that of virtual currency trading. The difference is that when you trade contracts for difference of virtual currency, such as bitcoin, you do not actually hold bitcoin, but trade the price trend of bitcoin,

6. The application progress of blockchain technology in the financial field is the fastest, especially in the field of foreign exchange. At present, foreign exchange regulatory agencies, banks, foreign exchange trading platforms and other market entities are trying to apply blockchain
taking tigerwit as an example, based on the in-depth insight into the pain points of the instry, tigerwit is currently comprehensively exploring and promoting the in-depth application of blockchain technology in the field of foreign exchange trading services, hoping that with the help of the characteristics of blockchain such as "decentralization", "information distributed storage", "whole network accounting" and "difficult to be tampered with", users can get through an "open and flexible" platform In order to solve the problem of unlocking the instry pain point effectively, the "visible" data system library is used to clarify all transaction records, historical data and other relevant information.

7. Tigerwit tiger foreign exchange is regulated by FCA in the UK

8. According to the perspective of prospective instry research institute, an investment consulting agency, blockchain technology has three main impacts on the foreign exchange instry:
first, rece the risk of clearing and settlement of foreign exchange transactions
blockchain is essentially an information technology solution to solve the trust problem and rece the trust cost, which can ensure the integrity of data without credit accumulation, Because all these data are recorded on the tamper proof blockchain, the complicated steps of centralized verification of ID card are omitted in foreign exchange transactions
Second, improve transaction efficiency and rece costs
regional chain technology can make foreign exchange transactions faster and lower costs. Because of the transaction mode based on regional chain technology, there is no central organization or central server
Third, enhance the security of foreign exchange trading
some data show that even if the blockchain is attacked, the attacker can only break through more than 51% of the nodes to tamper with information, but in a blockchain system with enough size, the cost is very high, which can be considered as basically impossible

9. The core of blockchain is decentralization. If the central bank is abandoned, then the commercial banks will be abandoned. Then there will be no paper money. How can there be foreign exchange?

10. 2016 is also the first year of the development of blockchain, and various VCs have invested billions of dollars into the start-up companies and projects of blockchain. Foreign IBM, Deloitte and Deutsche Bank have released their own blockchain designs. NASDAQ is already using blockchain technology.