What is the role of Tongzheng in blockchain

1. The advantage of blockchain project authentication is that it can help consumers to mine, authenticate and apply the underlying blockchain technology; Help blockchain project investors correctly identify; Provide project guidance for blockchain projects.

2. Wen ecology is to build a circulation asset of blockchain application ecosystem. Now all countries are actively embracing the blockchain policy, and the future development of blockchain will be bright. Regulatory policy will be more and more favorable.

3. In short, blockchain is a distributed and decentralized computer technology

what is distributed and decentralized? Take marriage registration as an example. In the past, when two people got married, they had to go to the Civil Affairs Bureau to go through the formalities, and then enter the information into the computer before they could finish the legal process. What if we use blockchain technology? As long as two people agree to get married, and then release a message in the circle of friends, the process of marriage is completed, and there is no need to go to the Civil Affairs Bureau. Your friends are common witnesses, they may be distributed all over the world, but their mobile phones will help you record the information and tell others who want to know

if you want to hide the marriage information, you used to just modify the records on the computer of the Civil Affairs Bureau, but now you have to modify the records on the mobile phones of all the people who know the truth at the same time. The more people who know the truth, the less likely they are to modify it, so it is an impossible task. This is distributed and decentralized

deepen the understanding

on the network, every once in a while, a block will be generated. This block is equivalent to a network logbook, which is used to record the relevant information that happened in a period of time. When the logbook is full, a new logbook will be generated. Once the information is recorded, all participants will be informed, and everyone's logbook will be updated synchronously

these logbooks are finally connected in series, which is blockchain technology. Because of the use of cryptography technology, if someone wants to tamper with the message unilaterally, through the verification of blockchain algorithm protection mechanism, if the time point is not right and the associated information is not right, other people will not update their own record book, and the information will be invalid

therefore, compared with the traditional information storage technology, blockchain technology is more secure, transparent and irreversible

concept differentiation

blockchain is not equal to bitcoin, it is just a kind of underlying technology invented to realize bitcoin as a digital currency. Blockchain can be applied to a wider range. In addition to digital currency, it can also be applied to P2P loan, global payment, micro finance, electronic payment, remittance and other financial aspects. It can also be applied to intellectual property, election, notarization and other aspects of people's livelihood.

4.

If the electronic contract wants to have legal effect, it needs to lock the identity of the contracting party, keep the documents from being tampered with, and accurately record the time. For the electronic documents, it also needs to consider the security of storage

through the deep use of cryptography algorithm, specially designed data structure and multi-party participation consensus algorithm, machine algorithm is used to solve the consistency, reliable storage and anti tampering problems of multi-party transaction records, which has a natural strong correlation with electronic data storage

First of all, the electronic contract signing records are stored in a shared account book jointly maintained by multiple parties, which can not be tampered with, denied or lost

secondly, the text and elements of the electronic contract are encrypted, including the participants of the electronic contract. Only the participants can decrypt and view the data to protect the privacy of the parties

thirdly, the machine strictly implements the pre-defined rules (smart contract), and no longer relies on a single agreement with a third party. KYC service based on blockchain automatically checks and verifies the validity and identity of certificates, and ensures the authenticity of participants' identities on the basis of privacy

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blockchain technology is popular in the market because it can rece intermediate links, rece fraud caused by data consistency, improve business efficiency and speed, rece the risk of counterparties, increase revenue and save costs

5. Blockchain notarization can be realized in the judicial field
the specific reasons are as follows: 1. The characteristics of blockchain technology timestamp can solidify the information written in a period of time; 2. Distributed accounting technology can ensure that the information entered in the process of law enforcement can not be tampered with to ensure security; 3. The application of hash algorithm can protect personal privacy and realize public query of information at the same time; 4. The decentralized nature of blockchain determines its scalability, which makes up for the disadvantages of traditional storage
with the help of technical means, blockchain notarization can realize the convenience and efficiency of notarization. Cipher finance mimacaijing focuses on blockchain information.

6. Chongqing jinwowo analyzes and studies the role of blockchain technology in the transaction as follows:
simplify the process and improve efficiency
because blockchain technology is a public ledger established by sharing consensus among participants, forming a consensus on the network state, the information in the blockchain is naturally recognized, unique and traceable by the participants It can not be tampered with information source, so a lot of repeated verification and operation process in the transaction process can be simplified or even eliminated