New episode 2 of documentary blockchain

1. blockchain is a new application mode of computer technology, such as distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and so on. As an important concept of bitcoin, blockchain is essentially a decentralized database. At the same time, as the underlying technology of bitcoin, it is a series of data blocks generated by using cryptographic methods. Each data block contains a batch of bitcoin network transaction information, which is used to verify the validity of the information and generate the next block
this is a passage in Alibaba's documentary dreamer. When ps: is repeated many times, it can explain the term "third parties" very well. This is also the beginning of Taobao and Alipay's birth. In other words, at that time, Ali was forced to act as a "third party" because no company could play such a role, so Ali became a center of trust. Businesses and users chose to give money to Ali because of "trust". But what if Ali absconds with money (though impossible...) or if the financial operator has problems (after all, it's human...)? If only there was a machine or a "super system" to do these things! Today, more than ten years after the replacement of Internet technology, blockchain appears in front of us, right! It's the super system;! A machine of trust
with blockchain, things start to change
traditional centralized mode:
decentralized mode under blockchain network:
in decentralized network, each user can be directly contacted without any third party's participation, and the transfer between users is like hand-in-hand cash, which is why bitcoin is called "e-cash"
well, now that a has transferred the money to B, who will charge the account? Alipay has helped me keep account of accounts, which will be unified in Alipay backstage system. In order to make all the transactions of the users recorded and the accounts are correct, Alipay will make great efforts to this end. Look at Alipay's initial
1000 bills per day. Artificial reconciliation is already very painful. With the volume of Alipay now, there are less than hundreds of thousands of bills per day, even if the system reconciliation is unavoidable, and it is necessary to pay the corresponding manpower and material resources to maintain this very complex revenue and expenditure clearing system. Having said so much, how does the blockchain reconcile? The answer is: no! There is no need for reconciliation and zero clearing in the blockchain network, because every node in the blockchain (a computer or a user) has its own account book, which is updated in real time. Any transaction in the blockchain network will be recorded in your own account book. Yes, you also have other people's accounts, But you don't know who this person is, because they all look like this:

2.

Three questions blockchain (economic hot spot)

recently, news about bitcoin is very eye-catching, and blockchain is on fire. In the capital market, the rise and fall of various blockchain concept stocks is like a roller coaster. It can be seen from the sensitive capital market that the blockchain is on the way and is highly concerned by all parties

"blockchain technology is essentially a kind of database technology, specifically a kind of ledger technology. The account book records the asset changes and transactions of one or more accounts. In fact, it is a kind of database with the simplest structure. The daily accounts we usually record in the small account book and the statements sent by the bank are typical account books. " Wang Jun, chief researcher of Tencent Financial technology think tank, said that security is a major feature of blockchain technology, which is mainly reflected in two aspects: one is the distributed storage architecture. The more nodes there are, the higher the security of data storage is; The other is the ingenious design of tamper proof and decentralization, which makes it difficult for anyone to modify data without following the rules

take the online shopping transaction as an example, the traditional mode is that the buyer purchases the goods, and then sends the money to the intermediary platform of the third-party payment institution. After the seller delivers the goods and the buyer confirms the receipt, the buyer informs the payment institution to send the money to the seller's account. The transaction mode supported by blockchain technology is different. Buyers and sellers can trade directly without any intermediary platform. After the transaction between the buyer and the seller, the system publishes the transaction information in the form of broadcast, and all hosts receiving the information record the transaction after confirming that the information is correct, which means that all hosts have done data backup for the transaction. Even if a machine has problems in the future, it will not affect the data recording, because there are countless machines as backup

when it comes to blockchain, many people associate it with bitcoin, and many even equate blockchain with bitcoin. He Fei said that bitcoin is a way of presenting blockchain, but blockchain is not the same as bitcoin. Blockchain is the underlying technology and infrastructure of bitcoin, and bitcoin is a successful application of blockchain, but it does not mean that blockchain can only be applied to bitcoin

What is the use of

blockchain

can solve the pain points and difficulties in many fields such as finance, public welfare, supervision, anti-counterfeiting, but there are many applicable conditions

financial service is the first application field of blockchain technology. The application of blockchain technology can solve the pain points in payment, asset management, securities and other fields

taking the payment field as an example, the cost of reconciliation, clearing and settlement among financial institutions, especially cross-border financial institutions, is high, involving many manual processes, which not only leads to high costs for users and financial institutions' back-end business, but also makes it difficult to develop micro payment business. The application of blockchain technology helps to rece the cost of reconciliation and dispute resolution between financial institutions, and significantly improve the processing efficiency of payment business. In addition, the cost and efficiency advantages brought by blockchain technology in the field of payment enable financial institutions to better handle the small cross-border payment which was considered unrealistic e to high cost in the past, and contribute to the realization of Inclusive Finance

for example, in order to solve the problem of high reconciliation cost among financial institutions, in August 2016, Weizhong bank and Shanghai Huarui Bank launched the inter agency reconciliation platform of micro loan, which is also the first application scenario of banking alliance chain running in the proction environment in China. Zhang Kaixiang, chief architect of Weizhong bank's blockchain, believes that the high cost problem that the traditional "batch file reconciliation" model has failed to solve for a long time is exactly where blockchain technology can be used. Subsequently, Bank of Luoyang and Bank of Changsha have also been connected to the inter agency reconciliation platform. Through the blockchain technology, the inter agency reconciliation process in the micro loan business has been optimized, achieving the goals of quasi real-time reconciliation, improving operation efficiency and recing operation cost. Up to now, the platform has been running stably for more than one year, with zero failure, and the number of real transactions recorded has reached tens of millions

in the field of public welfare, blockchain technology is also promising. The first application scenario of ant financial services involving blockchain is public welfare, which helps a group of hearing-impaired children get a donation, and then uses blockchain technology to promote public welfare to be more open and transparent. Hu Danqing, senior proct expert of ant financial services technology laboratory, said: "the blockchain public welfare platform is like a post office dedicated to mailing funds on the Internet. Every sum of money donated by users will be packaged into a package, which will be delivered through the blockchain platform. Every node we pass through will be stamped with a postmark and finally delivered to the recipient. This can ensure that every sum of money donated by users is transparent, traceable and difficult to tamper with. "

blockchain technology can be used to crack down on counterfeit goods. Hu Danqing introced that ant financial services has applied blockchain technology to the traceability of authentic procts. At present, some seafood procts from Australia and New Zealand, such as milk powder, are swept away with Alipay, so they can know if they are genuine procts. Different from previous businesses' self input of commodity information, blockchain allows multiple "bookkeepers" to complete bookkeeping fairly, independently and non repudiately. "

for financial supervision, blockchain technology can also play a role. According to the white paper of FISCO bcos, the underlying platform of financial blockchain, issued by the financial blockchain cooperation alliance (Shenzhen) in 2017, blockchain provides consistent and easy to audit data for financial regulators. Through the data analysis of inter agency blockchain, it can supervise financial business faster and more accurately than the traditional audit process. For example, in the anti money laundering scenario, the balance and transaction records of each account are traceable, and any link of any transaction will not be separated from the regulatory line of sight, which will greatly improve the anti money laundering efforts

some people in the instry believe that blockchain 1.0 is mainly aimed at digital currency; Blockchain 2.0 aims at smart contracts and can be applied in financial markets; Blockchain 3.0 will apply to more scenarios, and even create a "blockchain era"

He Fei believes that blockchain can indeed solve the pain points and difficulties in many fields, but blockchain is not omnipotent and has many applicable conditions

for example, the decentralization of blockchain technology is suitable for multi-party participation scenarios, and if it is only unilateral or bilateral participation, the value is not great. Due to the need for each node to check, blockchain technology is not suitable for those high-frequency trading activities

for another example, blockchain emphasizes openness and transparency, which is not suitable for scenarios with high data privacy requirements

will blockchain become a new outlet

technology is not yet mature enough. We must be alert to the concept of speculation. In particular, we should distinguish between technological innovation or fund-raising innovation. We can not block the chain chain concept of

block chain so that we will not become a "Internet plus". p>

in recent years, the development ecology of blockchain has been graally improved and enriched. Instry insiders believe that with national policy support, extensive attention and financial support, blockchain technology can achieve graal and stable progress. Although the prospect of blockchain technology is broad, we should also keep an ordinary mind

"despite the current blockchain craze, we still believe that it is still in a very early stage." Hu Danqing said that at present, there is a virtual heat in the concept of blockchain. Instead of using technology to solve practical problems, it is hot to raise money and speculate on valuation. In particular, most of the so-called ICO (initial token issuance) that are hot are innovation of fund-raising tools, which has nothing to do with technological innovation

blockchain technology can indeed create great value, but some risks can not be ignored

"blockchain technology is not very mature, and its application scenarios are relatively limited, so we should be more alert to the concept of capital market speculation." He Fei said that behind the blockchain boom, there will inevitably be some companies that want to speculate. They do not really carry out business, but just try to make a profit in the capital market. They should be careful to prevent the emergence of "bad money drives out good money", which will lead to the withdrawal of institutions that really want to carry out business from the market and affect the application of blockchain technology

Hu Danqing suggested that for the current blockchain craze, regulatory authorities should be more active in intervening, distinguish between technological innovation and fund-raising innovation, encourage government organizations, credible experts and instry participants to help the public identify, comprehensively curb fund-raising innovation in the name of blockchain, and let the actual controller of ICO bear responsibility for fund-raising behavior“ The basis for judging whether it is technological innovation or fund-raising innovation is actually very clear, that is, whether it starts with trust and whether it creates practical value by solving the trust problem. "

in order to better promote and use blockchain technology in the future, we need to continue to improve the infrastructure and strengthen the formulation of relevant laws and policies

Wang Jun believes that there is still room for optimization and improvement of core technologies of blockchain such as consensus algorithm; On the other hand, the processing efficiency of blockchain is difficult to meet the requirements of some high-frequency application environments in reality. At present, the mainstream blockchain technology platforms are originated in foreign countries. Domestic blockchain technology service providers should patiently start from the bottom development, achieve independent and controllable technology, and strive to lead the development of global blockchain technology. Enterprises with blockchain application scenarios should actively embrace new things and scientifically evaluate the demand for blockchain, instead of blockchain for the sake of blockchain

He Fei believes that the government can issue relevant policies to guide the enterprises who are interested in the R & D and application of blockchain technology, and at the same time, clarify some suitable application scenarios of blockchain and areas encouraged by the state

the white paper 2016 on the development of China's blockchain technology and application suggests that government departments at all levels should learn from the advanced practices of developed countries and regions and, in combination with the development of China's blockchain technology and application, timely issue support policies for blockchain technology and instrial development, focusing on supporting key technology tackling, major demonstration projects, the construction of "innovation and entrepreneurship" platform, and the development of China's blockchain technology and application System solution development and public service platform construction. At the same time, it is suggested that domestic key enterprises, scientific research institutions, universities and user units should strengthen cooperation to speed up the research of core key technologies such as consensus mechanism, programmable contract, distributed storage and digital signature

can bring money to the enterprise will become the outlet

3. After the fire of new infrastructure, the blockchain instry will certainly have a good development. In the new infrastructure, data is becoming more and more important. Because the combination of blockchain and these technologies can ensure the credibility of data and ownership
an obvious phenomenon is that many provinces and cities are vigorously promoting the implementation of blockchain government service applications. For example, in Hunan, there are SMIC (Changsha) blockchain public platform, Loudi blockchain real estate registration platform and so on, which are blockchain government applications that have been implemented and well done.

4.

Some time ago, a picture of Chinese aunts appearing on the scene of the blockchain conference became popular on the Internet. For a while, it caused a heated discussion. Netizens said one after another: "aunts have been targeted by the blockchain." In fact, since a few years ago, when the concept of blockchain came out, there have been some illegal elements carrying out pyramid selling activities in the name of blockchain, which has become one of the latest varieties of pyramid selling. In fact, with the development of blockchain, all kinds of virtual currencies emerge as the times require. Most of them are scams. In the name of "virtual currency" and "blockchain", swindlers carry out scams. This is mainly to make use of the psychology that investors do not understand virtual currency and blockchain, but want to catch up with the upsurge of virtual currency investment. This kind of scam seems complicated, but it is also very simple. However, once it is cheated, it is difficult to recover the investment

in a word, blockchain technology is not a fraud, but is used by swindlers to cheat investors by using information asymmetry

5. It is reported that the fourth Wanxiang blockchain global summit will be held in Shanghai from September 11 to September 12. On the 12th, the general manager of Minsheng health will give a keynote speech around the innovation of "blockchain + Internet insurance"
in any case, at the summit last year, Cheng Yu, general manager of Minsheng Health Insurance Division (hereinafter referred to as "Minsheng health") expressed such a view around blockchain: "blockchain technology will be useless if it leaves the design of business architecture by business personnel." This year's summit has not started, and the details are not clear.

6. Blockchain can be involved in solving all aspects of our life. Let's briefly talk about some of the things we care about in our daily life: blockchain technology is a decentralized consensus mechanism to maintain a complete, distributed and tamperable ledger database. It can enable the participants in the blockchain to achieve a unified ledger system without establishing a trust relationship. In the future, blockchain will be applied in any field and bring great impact on human life. Blockchain technology is regarded as one of the main protocols of the next generation of value Internet. Blockchain technology will be useful in any field of proction and life that lacks trust. From digital currency to securities and financial contracts, health care, games, artificial intelligence, intelligent contracts, Internet of things, identity authentication, asset trading, e-commerce, social communication, file storage and other fields can be widely used. In the medical field, the blockchain technology is used to save the personal medical records, and the personal medical historical data can be understood as the electronic medical records on the blockchain. In the future, there will be data for medical treatment or health planning, and the real master of this data is the patient himself, not the hospital or a third-party organization. In addition, these data have strong privacy, and the use of blockchain technology also helps to protect the privacy of patients. Compared with the existing traditional payment system, the blockchain technology can avoid the complex system, directly between the two sides of the transaction, and does not involve intermediate institutions. Even if part of the network is paralyzed, it will not affect the operation of the whole system. This method has the characteristics of low price, fast speed, and no intermediate fees. As a digital, secure and anti-interference account, blockchain realizes the core function of Banking: the safe storage and transfer center of value. Some banks with keen sense of smell in the world have begun to actively plan to join the army of blockchain research and application in order to gain the initiative in the fierce competition in the future. Blockchain identity authentication blockchain has the feature that everyone can consult, everyone can query block information in any place with network, and the high transparency also makes blockchain full of charm. In the future, ID card and account book are basically not needed, because every identity information can be written into the blockchain. When you need to verify the information, you only need to look it up to find it. The election is based on the voting transaction on the blockchain, which can confirm that no vote has been modified or deleted, and there will be no improper voting. Real estate blockchain technology can change the operation mode of the real estate market. It can merge many complex processes and cases that real estate companies usually deal with, speed up the transaction process, rece fraud, and provide more transparent and secure transactions for each participant. Provides a way to achieve paperless and fast trading needs. The probability of various kinds of errors in the securities transaction such as the issuance and trading of securities is too high, which needs manual correction, thus prolonging the time required for the transaction settlement. Through the transaction of distributed ledger, the automation of the whole process can be realized, and the security and efficiency can be improved. The identity and transaction volume of the trading party are recorded on the blockchain in real time, with an open, transparent and traceable system. It is concive to the market maintenance of securities issuers and regulatory authorities, and can rece the occurrence of black box operation and insider trading. Blockchain in the relatively closed, multi-party trust problems, as well as carrying the value of the scene, has a unique technical advantage, but also shows a unique charm, has a lot of application imagination. At the current stage, blockchain is worth exploring in some scenarios.

7. If you choose the one with low transaction fees, the lowest is the bitbuffer.

8. NEC new energy blockchain coin is a circulation token in the main network based on blockchain technology, which aims to serve the new energy network ecology. It has the characteristics of decentralization and can not be tampered with. The ownership belongs to the holder. In the application of Nen chain ecology, NEC new energy blockchain currency will bring greater application scenarios in the field of new energy vehicles, black technology procts, AI smart life, 5g, Internet of things, etc. With the further improvement of ecology, it is accepted and recognized by more people through interconnection and interactive use.

9. Blockchain and 5g are known as the fourth information technology revolution, and the blockchain technology is not to be missed by all countries, especially in developed countries. Therefore, the prospect of blockchain technology is considerable, and the application scenarios are rich, mainly in data storage
blockchain technology is favored by various countries, but the reputation of blockchain finance is very poor. Although the reputation is very poor, blockchain finance and blockchain technology are inseparable, so blockchain finance is also essential
for newcomers to enter the coin circle, first of all, understand some principles of bitcoin blockchain finance, what bitcoin is and what its role is for the blockchain, observe the trend of mainstream currencies in the coin circle for a period of time, don't enter the coin circle disorderly, you can see it by people's analysis, but you should have your own analysis. If a new currency appears, you should see their website, White papers, communities, whether there are things to do, etc. don't buy them as soon as you come up. Observe them
in addition, some mainstream currencies in the currency circle are bullish for a long time. You can hold some of them for fixed investment. For example, if you buy EOS at 30 yuan, but it keeps falling, you can enter some more at 25 yuan to rece the average price. Also, don't sell it all at once, because after you sell it, you may not be able to enter the market at such a low price. If you buy high or fall, you will be covered
as for Shanzhai coins, we must go into their communities and communities to see their situation, carefully observe and see the good news they have released
my suggestion is that the mainstream currency should be fixed investment. In the long run, one or two Shanzhai currencies are OK, because it is possible for Shanzhai currencies to take off more quickly when they rise,
for example, one currency I have observed for a long time is TTC, which is a small community, but has been doing things all the time, such as wallets, finance, social networking, and finally based on the token TTC, All are done on the main chain of TTC, and all are serving TTC. So you need to know them better. In a word, we should be cautious. We can take a small part of our own money, but not too much.