Selling goods on blockchain

1.

The most significant applications are

1. Think about using blockchain in enterprise applications to provide more flexible, safe and efficient business processes and distributed, independent markets. Blockchain allows asset owners to track and trade valuable things, such as outstanding invoices, on a transaction "chain" that is more secure, transparent, private and self-coordinating. This capability improves the speed and flexibility of cash and asset management. For example, you are afraid to buy fake things, because a manufacturer transfers proction to several middlemen, and then you buy through middlemen, not manufacturers. If all the data is distributed, point-to-point and transparent, you can buy and pay directly from the manufacturer

The automation market of other assets will be diversified. In essence, because the software itself is controlled and open architecture, and visible to all transaction participants, the transaction based on blockchain can rece the demand for third-party supervision. If the enterprise can publish the value information to multiple potential buyers, and for all buyers, the content can be trusted and visible, and the seller can't sell again, then an open and transparent competitive environment will be formed when purchasing, and the seller can get better prices

3. Rece business transaction friction. Managing spending is a challenge for most organizations. However, blockchain enables enterprises to create self-management networks for suppliers and partners, realize contract automation, real-time payment, tracking of goods transportation, and visibility of the whole supply chain. For example, if a company uses refrigerated containers to transport perishable goods, when the container temperature exceeds a certain threshold, the IOT sensor on the truck may call the smart contract on the blockchain. This will cause the corresponding order to be cancelled, and it will also be able to automatically create a new order, so that a second batch of goods can be sent immediately. Trucks with faulty refrigeration equipment can also go to the repair Office for repair

This kind of network can rece transaction errors and information omission by recing or eliminating human-computer interaction. Moreover, by connecting buyers and sellers directly, transactions can become faster. Manage and secure decentralized private records. Its traditional instry practice is to rely on a third party, using firewalls and restricted access to protect their shared information database. And frequent data leakage events show that this approach is not very ideal. A fundamental advantage of blockchain is that each indivial data record or element is encrypted by the key of a blockchain member. Cybercrime may need to obtain each key of each member in order to access all the blockchain data. This is not to say that blockchain can guarantee 100% security of all data, which helps to rece the possibility of exposure of a large number of private records

5. A reasonable application is the record of employees or students. Employers, ecational institutions and even instry certification bodies can add new qualifications, grades or work places when necessary. Imagine giving employees a key to access all their employee records as part of a secure blockchain containing human resources. Indivials can safely share their university transcripts or employment history with other companies or ecational institutions without relying on unreliable and easily falsified faxes. Trace the origin of procts and raw materials. Blockchain can help ensure proct quality and safety by simplifying the tracking and positioning of procts and raw materials in use. For example, if an automobile manufacturer forms a quality centered blockchain including parts suppliers, parts assemblers, quality control suppliers and public management organizations (such as the National Highway Traffic Safety Administration). Then the recall process of defective parts will be faster. It makes sense to think that thousands of people die every year because of defective car parts

6. Verify identity, verify published information and data. Create a better user control mechanism. Nowadays, user information is easy to be manipulated, distributed to third parties, or even sold, so as to create revenue streams for owners of social media platforms, which will never be shared with users of information. Blockchain can disrupt all of these activities. It allows users to control their own information and its exact location. No platform can be accessed without permission. Users can decide who can access their information. They can deal directly with advertisers and third parties according to their choice, rather than like others. Moreover, users can choose to share their information with advertisers on any platform for a fee

to sum up, blockchain is a kind of chained data structure that combines data blocks in chronological order in a sequential way, and it can not be tampered with and forged by cryptography. In a broad sense, blockchain technology uses blockchain data structure to verify and store data, uses distributed node consensus algorithm to generate and update data, and uses cryptography to ensure the security of data transmission and access A new distributed infrastructure and computing method (reference network) for programming and operating data by using intelligent contract composed of automated script code

Application in finance

three major applications of blockchain technology

1. Application of blockchain technology in asset securitization field

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in recent years, The domestic asset securitization (ABS) instry is developing rapidly. At the same time, the problems of asset cash flow management need to be improved, the transparency and efficiency of underlying asset supervision need to be improved, the efficiency of asset transaction settlement is low, and the cost of credit enhancement is high are graally exposed. In order to apply blockchain technology in ABS field, participants need to build ABS blockchain alliance, which is composed of asset side, pre ABS investor, SPV (trust), escrow bank, manager, intermediary, ABS investor and exchange. Its core business includes fund transaction reconciliation, transaction file management, data interaction interface, information release and sharing, underlying asset management, intelligent ABS workflow and so on. Blockchain application can at least empower ABS instry in the following five aspects

To improve the cash flow management of ABS< Second, it is concive to penetrating supervision
thirdly, it can improve the settlement efficiency of financial assets< (4) the efficiency and transparency of securities trading will be greatly enhanced
fifthly, it can rece the transfer cost of credit enhancement

2. Application of blockchain technology in insurance instry. However, with the tightening of regulatory policies on medium and short-term survival procts, the business scale of universal insurance has declined significantly. In the aspect of insurance proct design, blockchain is concive to promoting the breakthrough and rapid development of customized insurance categories, such as agricultural insurance and proct quality insurance

quality insurance can endorse the reputation of enterprises and protect the rights and interests of consumers. However, insurance companies need to make a comprehensive evaluation of enterprises and procts to underwrite quality insurance, but these data are often difficult to collect truly and effectively, which restricts the development of quality insurance. The establishment of proct traceability and anti-counterfeiting application platform based on the underlying technology of blockchain can help insurance companies easily trace the information of proct proction, processing, sales, purchase, complaints and other links through the platform, so as to effectively judge the incidence of quality defects of related procts, formulate insurance procts, and promote consumption upgrading and instrial upgrading


in insurance sales, the application of blockchain technology can simplify the sales process, save the sales cost and realize the traceability of insurance sales. From the perspective of insurance companies, when willing policyholders purchase insurance policies through channels, channel providers uniformly send policyholders' information to the blockchain platform. The platform judges whether willing policyholders are in the white list according to the distributed storage information. If they meet the standards, they will accept the purchase request, which saves the tedious process of manual transmission, acceptance, review and feedback. From the perspective of consumers, blockchain technology can realize the traceability of insurance sales behavior and safeguard the legitimate rights and interests of consumers. The insurance sales market has been in chaos, and the phenomenon of false publicity of insurance procts through deception, concealment or incement has been repeatedly prohibited. Blockchain technology can link the key actions of each link of insurance sales, and realize the traceability of the whole process of sales actions, so as to standardize the insurance sales behavior and promote the sustained, healthy and stable development of the instry

in the insurance claim process, the application of blockchain technology can improve the claim efficiency and customer experience. Claim and loss handling process is an important process in insurance market. The complex claim process increases the cost, reces the claim efficiency and affects the customer experience. Smart contract technology can simplify the claim submission process, rece the need for manual review and shorten the processing cycle. At the same time, it is easier to identify suspicious behaviors through the historical claims and asset source records in the distributed ledger
in the field of insurance anti fraud, the application of blockchain technology can effectively prevent the occurrence of insurance fraud. Insurance fraud not only erodes the profits of insurance companies, but also damages the legitimate rights and interests of other insurance consumers. Although every insurance company has made a lot of efforts in anti fraud, the reality is still grim. Blockchain technology can at least help the insurance instry alleviate or even resolve this stubborn disease in the following two aspects. First, establish anti fraud sharing platform to rece fraud and strengthen evaluation through historical claim information; The second is to establish "unique and identifiable identity information" by using reliable data sources and coded business rules, so as to prevent false use of identity

3. The application of blockchain technology in the field of asset custody
in recent years, the global asset custody instry has entered the fast lane of rapid development, and the scale of Custody Assets and main custody procts have maintained rapid growth., However, there is still a certain gap between this scale and the international advanced peers, and there is still a large space for the development of China's asset custody instry

the application of intelligent contract technology in blockchain can effectively solve the operational risk in asset custody business. We can optimize the business process of asset custody from the following aspects: first, we realize the automation of the whole process, encapsulate the business instruction judgment and execution rules into the smart contract, use the smart contract execution and provide risk tips; The second is to improve the process efficiency, the real-time sharing of asset change, transaction details and other information among the asset consignor, manager, trustee and agent, eliminating the process of repeated verification and right confirmation; The third is to ensure the security of the performance and the authenticity of the transaction. By setting the key, the formal information of the participants, the limited visibility of the account information and the verifiability of the transaction are guaranteed; The fourth is to ensure that the information can not be tampered with, and put the compliance verification requirements of the investment plan on the blockchain to ensure that each transaction is completed on the basis of consensus


at present, bitcoin is the most closely related to blockchain. If you want to learn more about bitcoin blockchain, you can follow some new media. For example, Sohu, Baijia, mustard circle and so on. Foreign websites, such as CCN, coindesk, etc., all have huge applications

2. How to apply blockchain in new retail
in view of the function of blockchain Traceability Technology, taking Jingdong as an example, this year, Jingdong took the lead in implementing blockchain Traceability Technology, and the effect is obvious
firstly, the supply chain of different participants in commodity circulation is connected with the blockchain storage system by using blockchain technology. It includes origin, procer, channel, retailer, brand and consumer. So that the information of each participant can be viewed in the blockchain system
secondly, the operators of blockchain alliance chain are roughly divided into the following items: Alliance chain, automation, visualization, data efficiency, cross chain bridging, each link has a complete set of operation mechanism, and the data chain information is comprehensive, automatic, open, efficient, reasonable and linkage
this operation and management mechanism is more scientific and reasonable. Especially in the food instry, taking beef as an example, consumers can clearly understand the authenticity of the purchased beef and the whole process traceability information through the unique traceability code of the purchased beef, which greatly improves their trust. At the same time, through big data public opinion to help enterprises carry out brand culture publicity and other intelligent marketing activities, to maximize the income of enterprises and consumers
finally, based on the obvious characteristics of retail instry, such as transaction data fragmentation, transaction node diversification and transaction network complexity, the collection, storage and integration of information such as commodity proction, circulation and delivery is the core proposition of end-to-end retail supply chain management
consumers, regulators and e-commerce stores are most concerned about the credibility, reliability, accessibility and security of the whole process information. The blockchain technology integrates many basic technologies such as consensus mechanism of multiple transaction entities, distributed data storage, point-to-point transmission and encryption algorithm, which is naturally suitable for end-to-end information management of retail supply chain. Protect consumers
previously, we mentioned the application of blockchain Traceability Technology, which can make the process clearer when consumers see the procts in that link. It provides a good platform for procer reproction, market supervision and e-commerce market operation and management. Let me give another example, which is bookkeeping
blockchain is essentially a "decentralized" huge ledger database. It can be said that the traditional centralized accounting method is transformed into distributed accounting. Blockchain is composed of a string of data generated by using cryptography correlation. In my opinion, the application of blockchain is intended to build a trusted distributed business ecological environment that can be self circulation and outward expansion
as I mentioned before, blockchain has the characteristics of transparency, openness and mutual knowledge. In this way, for the retail market, profit is divided into two parts, one is the real value of goods, and the other is the additional market information
two sources of profit should be considered reasonably. Based on the environment created by blockchain, market players can rece their vigilance and increase the possibility of cooperation based on the openness of information. This is the positive effect that I expected from the trustworthy distributed business environment. At the same time, it is also the basis and premise of distributed bookkeeping
in such a good ecological environment, cooperation can be more simple, efficient and low-cost, so as to realize the effective integration of resources and create more economic and social value. More importantly, I think that commerce is the result of the joint efforts of every market subject, and it is also a participant in the blockchain. Each participant can find his own position in the blockchain, contribute his own skills, and get corresponding rewards to realize his own value
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.

3.

In the traditional supply chain finance, financing difficulty, high financing cost and cumbersome financing process have always been one of the bottlenecks restricting small and medium-sized enterprises to become bigger and stronger. Banks rely on the ability of core enterprises to control goods and regulate sales. For the sake of risk control, banks are only willing to provide factoring services to upstream suppliers (limited to first tier suppliers) with direct accounts payable obligations of core enterprises, or provide prepayment or inventory financing to their downstream distributors (first tier suppliers). As a result, the demand of secondary and tertiary suppliers / distributors with huge financing demand can not be met, the business volume of supply chain finance is limited, and the small and medium-sized enterprises can not get timely financing, which will easily lead to proct quality problems and damage the whole supply chain system

to solve these problems, we can make use of the characteristics of decentralized, tamper proof and distributed ledger of blockchain technology to build a blockchain supply chain financial platform

The core enterprise issues a / R certificate to the distributor. After the distributor signs the receipt, it indicates that it has signed the purchase and sales contract and the core enterprise delivers the goods

Because of the shortage of funds, distributors need to borrow money from finance

3. After the financial institutions have approved, the amount of loans will be sent to the core enterprises

The distributor will repay the loan and interest after selling the goods

4. Blockchain has the characteristics of being unforgettable. It can ensure the authenticity of the commodity data on the chain. Blockchain technology can also be applied to other fields. The blockchain service platform project initiated by Changsha high tech Zone, which has a SMIC blockchain service platform project, is a blockchain + public service mode, and is soliciting Enterprises to join the chain. In the future, relevant enterprise affairs and government affairs can cooperate on the chain. It is also one of the key blockchain projects in Hunan Province.

5. Bulk commodity trading, such as crude oil trading, has many disadvantages in the traditional trading mode, such as high transaction cost and complex process. Therefore, the decentralized, transparent and open characteristics of blockchain technology can simplify the process of crude oil trading. Zhong An is also involved in this field. It seems that the feeling is awesome.

6. If the company is formal, it is reliable. In fact, most of the time, it's just a matter of your own mentality. If you look at it yourself, you will be able to accept it. Blockchain companies have no problem. As long as they don't break the law, I think they are OK. However, it mainly depends on whether you are interested. But if the conditions and development space given by the blockchain company are good, I think we can give it a try. In fact, blockchain is still developing well. Many big companies have done blockchain. Blockchain is defined as an innovative application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies in the Internet era. On the technical level, blockchain is a typical distributed system
originally, every job change means unknown. Sometimes when we stay in a position for a long time, it's easy to think that we know enough, but in fact, what you know is what you contact. If you think about the rapid development of society and the endless emergence of new things, it is impossible for us to know everything we meet. But one thing we can confirm is that we are always learning new things. On the other hand, we are always growing up
if the company is willing to give you the opportunity to know, explore and grow, then I think that no matter what instry you are working in, such a company is worthy of your trying, giving yourself an opportunity as well as giving the company an opportunity
finally, I want to say to you: come on, I hope everything goes well with you.

7. It has become a retail ecosystem, with all procers, sellers and consumers on the chain. Now the blockchain is widely used. There is a SMIC blockchain service platform project initiated by Changsha high tech Zone, which is now in the formal operation stage. It has also been selected as a key project of Hunan Province's blockchain. The next step is to enlist enterprises on the chain.