2017 latest blockchain words
The following are the reasons why 2017 will be the most critical year for blockchain:
the lasting value of bitcoin
bitcoin, the initial tool of blockchain, ended 2016 with a high profile, which is a good omen
just after the new year, fortune reported that
"after the prosperity of 2016, the price of bitcoin has reached $1000, which has increased by 120% since the beginning of this year, and recently reached the highest point in three years. The reasons, including the devaluation of RMB, the risk of China's currency control and geopolitical instability, have been considered as the key factors for the success of cryptocurrency. Another reason for bitcoin's landmark year is its staying power - the longer it stays, the more familiar it will be, and more like a real store of value. "
whether it is fair or not, the feasibility of blockchain technology is always closely related to the performance of bitcoin. If the decentralized database can succeed in the financial field, it can also be widely used in other places. According to convention, the healthy development of digital currency has triggered a discussion on how to integrate blockchain into new areas. With healthy bitcoin, blockchain can expand rapidly in other fields
existing participants
of course, this has existed for some time, because the blockchain has been firmly bound to bitcoin. Over the years, many groups have invested a lot of money to apply the technology to a wider range of areas, while adding new features and creating new applications. If 2017 is a great year for blockchain, these existing players must be ready to grow with it
this trend is marked by the addition of 8 new members to the hyperledger project before the end of 2016. Software company CA technologies, blockchain project factcom foundation, healthcare alliance hashed health, Korean koscom, accounting company ledgerdomain, trade ecosystem developer lykee, sovrin foundation and telecom company Swisscom all joined in the project
Thehyperledger project has entered 2017 with an eye-catching membership list, and plans to introce blockchain feasibility case studies in actual use cases
new investment
the sign that the technology will make progress this year is that companies all over the world have laid the foundation for using blockchain status. Companies around the world applied for or accepted 356 patent applications related to blockchain or digital currency in November last year, almost double the number in the first month of 2016, according to the report of blog technology
Marc Kaufman, financial technology intellectual property expert at Reed Smith, told blog:
"we have witnessed an exponential growth in the number of patent applications, and we expect to see thousands of blockchain patents in the next five years."
the company is submitting patents in such a rapid way because the blockchain has finally achieved its goal from Utopia to digital ledger tool. With the increase of the number of patents, the new discovery of the index blockchain will enjoy wider legitimacy in 2017
it is only time to know the development trend of blockchain in 2017, and vice versa. However, it is obvious that the status of blockchain technology can be seen by all, which also proves the expectation of early investors for its potential and may develop new potential in the future
blockchain has also become a hot topic in the financial sector in China, and all major domestic financial institutions have tested blockchain projects. China Post and IBM have jointly developed a set of blockchain asset custody system; Puyin group launched the tea based digital currency Puyin
it is the birthplace of blockchain technology, and the market has confidence in it. It still maintains a stable growth under the adverse situation of major policies. Once it solves the problem of capacity expansion, the price rise can be predicted
2. Ethereum
compared with bitcoin, the advantage of Ethereum is that it has no policy problems. Although the event led to its bifurcation, the establishment of enterprise version Ethereum alliance may solve this problem. Its concept and Prospect of smart contract attract many developers to follow
the essence of community operation is that the majority decides the minority when indivials support eth
3. Zec
compared with bitcoin and Ethereum, the risk of z-coin will be greater, and its value will take a longer time to reflect. But in the long run, the value of anonymity will be one of the values that human beings generally pursue
4. BTS
bitstocks are very powerful and the system is very stable. Decentralized trading, anchoring system and so on. Although the founder bm's brain damage has hurt the community, the value of bitstocks is obviously undervalued. It is a wise choice to hold bitstocks on the cheap.
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 authorizationthe MLM currency of blockchain will collapse on the day when the capital chain breaks as the underlying technology of bitcoin, "blockchain" is like a distributed database ledger. With the price of virtual currency based on blockchain technology such as "bitcoin" soaring, ordinary investors are increasingly interested in blockchain and digital currency
Li Xuyang, head of Tencent's security and anti fraud laboratory, said that there are more than 3000 MLM platforms using the blockchain concept. The reporter's inventory of recent cases found that "blockchain + fraud" mainly has three "routines"
extended data
with the sharp rise and fall of bitcoin and the explosion of the concept of "blockchain", many pyramid schemes under the banner of "blockchain" also appear frequently
putting on the "new vest" of blockchain, the "old routine" immediately incarnates another "new shortcut" of "Chinese aunts" in pursuit of "financial freedom" and "big pits" worth hundreds of millions. Experts suggest that relevant departments establish a joint supervision and joint strike mechanism, improve the ability of risk investigation, and timely cool down the excessive speculation chaos of "blockchain"
however, Yuanbao coin, Ruitai coin, bitcoin and the tokens of different crowdfunding projects in Europe are excellent digital currencies.
as people's misunderstanding of blockchain technology graally dissipates, we will see that next year, the financial services, insurance and medical instries will carry out comprehensive deployment of blockchain technology
blockchain technology will subvert our payment system internationally - the old profit model and other processes will become obstacles, and payment will become faster, cheaper and safer
however, as blockchain becomes more and more mainstream, we can no longer ignore the main obstacles on its development path. For example, the banking instry must develop a clear roadmap for blockchain adoption and cooperate on the basis of global standardization
2, the standardization process is about to start
with the more and more extensive application of blockchain, it will become extremely important to establish standardization methods between each other. But there are complex and political processes that can get in the way - there are conflicts of interest between instry organizations, and companies are trying to gain a clear advantage
with the implementation of various blockchain schemes, we will see that the situation will change to the process of standardization and integration. Once competing organizations graally realize the benefits of alliance and start to accelerate the trade process, strengthen detection and optimize data management
in 2017, there may be only a few dynamic blockchain alliances left, but instry players will have to cooperate and reach an agreement on a flexible and universal open logo. Governments and regulators will also play an important role in protecting consumers and encouraging innovation
stakeholders driving the development of blockchain standards will need to be creative and can envision a future in which these standards can be used to create new and powerful tools
3, fintech is accelerating development
fintech is bringing great changes, from simple payment to complex global financial operations are being subverted by it
the in-depth changes that are expected to happen next year are as follows:
blockchain combined with machine learning can jointly accelerate the existing process and optimize efficiency
emojis, payment, will be more widely used, and mobile devices will become more and more secure
lending network will become one of the hottest areas of blockchain
all countries in the world will be more interested in the development of digital currency
4, it's time to subvert the field of payment
in the field of payment transaction, blockchain technology is used to overcome the problems existing in the agent banking system and international remittance
there are many proceres and incoherent processes in cross-border non cash transactions, which can be eliminated by eliminating the third-party institutions, direct currency transfer and efficient inter-bank settlement. This possibility of creating a competitive market for liquidity providers may ensure the optimal exchange rate for international exchange and payment transactions
payment systems are based on local banking regulations and practices, but lack of common standards, which reces the ability of seamless transmission of data and background information, and brings settlement and non settlement risks
the extensive implementation and use of blockchain will change and subvert the existing financial services instry and payment system on a global scale
in addition, although the blockchain was very popular in 2016, there was very little substantive progress. Only coin Ying China and China Post really put it into practice, and other projects just stayed in the theoretical stage.
in order to deal with the disadvantages of mining machinery arms race caused by bitcoin mining, many new generation digital currencies are no longer using bitcoin mining method, but focus on mining or purse mining, such as Ruitai coin, gold card and so on. Of course, there are some disadvantages.