Blockchain has not been rising
in the Internet era, there is a database behind every system. This database can be regarded as a large account book. In the past, the person who maintained the system was responsible for managing the database and recording the user's behavior, that is, bookkeeping. However, the blockchain is "decentralized", which allows every member of the system to participate in it, not only everyone bookkeeping, but also through links, Everyone can have a complete account book
"blockchain is essentially a collective recording mode. What's special is that it adopts a set of techniques in an ingenious way to realize the authenticity and credibility of the recorded results, which is difficult to destroy and tamper with. " Zhang Xiaorong said, "first, everyone has the right to record and authenticate with each other to distinguish the true from the false, which is called consensus mechanism; Second, no one can tamper with the records, because there are cryptographic signatures; Third, everyone has a , so even if some account books are damaged, the whole will not be affected. This is called distributed storage. The information recorded in this way is presented in block mode according to the time chain, so it is called blockchain. "
various cryptocurrencies represented by bitcoin are originally an application of blockchain technology, which can be described as blockchain version 1.0. However, around 2014, the instry began to realize the important value of blockchain technology. Blockchain graally separated from digital currency and applied to various economic and social fields other than digital currency
it has broad application prospects
blockchain technology is considered as a disruptive innovation after steam engine, electric power and Internet. If the steam engine and electricity liberate the proctivity, and the Internet has changed the way of information transmission, the blockchain, as a machine for building trust, may change the way of value transmission
for example, in the financial field, the cost of reconciliation, clearing and settlement between financial institutions, especially cross-border financial institutions, has always been very high, and there are complex manual processes. The application of blockchain technology can help rece the cost of reconciliation and dispute resolution between financial institutions, and significantly improve the processing speed and efficiency of payment business, It also makes small cross-border payments possible. In December 2017, China Merchants Bank completed the RMB position transfer business from Hongkong Wing Lung Bank to Shenzhen Branch of Wing Lung Bank. This is the world's first interbank cross-border RMB clearing business based on blockchain technology
in addition, according to the white paper 2016 on China's blockchain technology and application development issued by the Ministry of instry and information technology of China, the application of blockchain has been extended to medical and health, ecation, charity, social management and other fields. Taking the cultural instry as an example, the low cost of reproction, the high cost of safeguarding rights, and the difficulty of providing evidence make the protection of intellectual property rights a pain point for the instry. With blockchain, the proction, dissemination and transaction records of cultural procts are true, transparent and reliable, and the problem can be solved
Zhang Xiaorong said that blockchain technology has solved two major problems in the era of Digital Economy: one is the visible flow direction, and the other is zero trust cost. In the past, the circulation of physical paper money was invisible, but the flow of all digital assets had a "chain" to check. Yang Yanchao, a researcher at the intellectual property center of the Chinese Academy of Social Sciences, also believes that the biggest advantage of blockchain is that it has truly completed the credit construction in an anonymous society, bringing new opportunities to many fields, thus making various innovative applications possible
there is a long way to go in the future development
in terms of technology promotion, there is no big barrier to blockchain, which has been confirmed in the global practice of bitcoin, and its main resistance comes from the obstacles in concept and implementation
"on the one hand, the society may be very concerned about the" naked "state in the blockchain. Blockchain has built a "Skynet" for the commercial society. The company's economic activities are all recorded, so there is no secret to speak of. In this way, some business strategies may not be implemented under the blockchain. "
"on the other hand, the current legal system lags behind the development of information technology, so how to put the emerging blockchain technology under the legal supervision needs to be studied." Duan Yongchao said
the core of blockchain is decentralization, which will have an impact on the long-standing central management model. In addition to the law, how to establish a regulatory environment that can promote the application of blockchain technology, so that the technology can benefit the society and not be used to do evil, is also an urgent problem to be solved.
There is no doubt that blockchain has development prospects, and the necessary condition for development prospects is to enter the mainstream market
North America blockchain infrastructure the oan (former aion network) founder and CEO Matt spoke published an article entitled "in order to successfully enter the mainstream market, blockchain projects must" eat dog food "in Forbes on July 24, in which Matt mentioned his views on how blockchain should enter the mainstream market - & quot; Eat dog food
in the science and technology circle, there is a jargon called & quot; Eat dog food Dogfood (also known as eating your own dog food) refers to companies using their own procts and becoming users of their own procts. Many high growth companies (such as Microsoft, Facebook, Amazon, apple, Netflix and Google) also test their procts by "eating dog food" or help build credibility“ "Eat dog food" is often used to find and fix bugs, but it has another value: to create reliable use cases for the company's procts
this is worth learning from blockchain projects, because blockchain projects often hold & quot; Once built, they (users) will come naturally, which habitually leaves the responsibility of creating new and interesting blockchain applications to a third party
this attitude is very common, even the well-known blockchain summit consensus 2019 also held a conference entitled & quot; Once built, they (users) will naturally come: to build a global blockchain Center & quot; To discuss how governments around the world can make efforts to attract blockchain projects while balancing regulatory, investment and innovation needs
to be fair, this strategy may be effective for blockchains that only focus on people in the currency circle. For the security token, especially for the exchange represented by the transaction, it makes more sense - "supply creates demand" is the usual idea here, especially considering that the realization of these transactions requires the construction of complex infrastructure
in contrast, "eat dog food" is more likely to be adopted by blockchain project developers who seek mainstream audiences (such as those in financial instry, manufacturing and supply chain, identity management, etc.). If blockchain technology wants to enter these mainstream fields, blockchain companies must first "eat dog food". This can not only clearly prove that blockchain technology is feasible outside the coin circle, but also highlight that blockchain can not only optimize existing use cases, but also create new use cases
and the oan team has been adhering to this concept, and relying on the oan and aion's technology stack built over the years, it has developed a financial technology platform moves for independent workers
Matt said that in the development and development of moves, the team hopes that the relevant functions of the OAN blockchain network can be brought into full play, so it will focus on the following three aspects:
1. How to use the OAN blockchain network to improve the credit efficiency of the proct there are two main considerations to improve credit efficiency: 1) can we use the mechanism of the defi market to rece the cost of capital; 2) Can the blockchain technology be used to increase the external trust in the credit process of moves. Here, moves will form a mechanism of "pooling wisdom", so that everyone can contribute to recing credit risk and increasing the credibility of credit process, and may even develop a micro guarantee mechanism in the future. Therefore, users will be able to participate in the market established by the platform as borrowers, lenders or guarantors
specifically, by connecting moves with the oan network, and with the help of digital asset aion, a relationship of interest consistency is formed between procts and users, so that users can personally experience the success of moves procts and directly participate in the oan, a blockchain network supporting moves
3. How to create the first open system of financial reputation data with moves
this open system may become a substitute for traditional credit scores or related mechanisms. Over the years, banks and financial institutions have been using Equifax, Fico or other similar institutions' scores as risk indicators, and the moves team believes that the procts they are building will be a good start - the beginning of a more perfect and modern financial reputation system. This is a long-term goal
moves supports North American mainstream carpooling, take out and other casual work economic platforms, and will be the flagship open application developed by the oan on its blockchain network. In June, moves expanded its operations from Ontario to Alberta and British Columbia into western Canada
all the initiatives of the oan team adhere to the spirit of "eating dog food" and strive to make blockchain technology enter the mainstream market as soon as possible. Blockchain is not for the minority, but for the mainstream. In addition to the oan team, many projects and institutions in the blockchain instry are also aiming at this goal. Can you say that such an excellent and targeted blockchain has no development prospects
However, where are the opportunities for these innocent employees? To put it bluntly, some blockchain entrepreneurs are bent on "empty handed White Wolf", and exploit layer upon layer through "deception". Using asymmetric instry information, blockchain, digital currency and other projects are over packaged, giving people a sense of "Hope". This part of the blockchain entrepreneurs' inherent "bad root", to a certain extent, has led to the instry's "sick" development trend
some blockchain entrepreneurs call for embracing the times, changes and the future, emphasizing the charm of decentralized "fairness". But in reality, it is for self-interest, which hurts the interests of job seekers and other related groups, which is a great injustice in itself
The asymmetry of information is not permanent. Blockchain, digital currency and so on are all areas worthy of attention, but they are not the capital that can be used by some entrepreneurs as unlimited squanders all the time. For the job seekers who want to join them, they should polish their eyes, otherwise they may be surprised if they are not carefulBecause the blockchain technology is not mature at this stage, and the infrastructure is not perfect, many applications are limited, and the overall application is still in a very early stage
First of all, the main function of blockchain is to store information. Any information that needs to be saved can be written to or read from the blockchain, so it is a database. Secondly, anyone can set up a server and join the blockchain network to become a node. In the world of blockchain, there is no central node (decentralization). Every node is equal and keeps the whole database. You can write / read data to any node, because all nodes will be synchronized in the end to ensure the consistency of the blockchainthe block chain market is often compared with the early Internet age, especially in analogy with the 2000 Internet bubble. Simple analogy will convince you that we are in the Internet age similar to 1997-1998 years ago, and that once we enter 2000, we will have the same bubble burst.
people with this idea will let you leave the current blockchain, wait for the impending crash, and then pick up the pieces, similar to the end of the Internet bear market in 2002. But what we may also see is:
"instead of reconstructing the whole blockchain field through one big crash, there may be a series of small crashes, one after another. Every small crash will kill some tokens of poor projects, and bring new projects with higher and higher quality. "
so if you're waiting for a blockchain crash. It may never happen. Because it's happening all the time, though by a small margin. More importantly, if you are a venture investor, if you skip this period, you will miss the opportunity to learn and accumulate experience. In 2000, the collapse of the Internet reced the funding for new technology companies, but the fluctuation of the market value of blockchain hardly affected the pace of innovation of decentralized open source projects.
blockchain is an important concept of bitcoin. In essence, it is a decentralized database, as well as the underlying technology of bitcoin. One of the most basic characteristics of bitcoin is decentralization. In recent months, financial giants have graally begun to pay attention to the technology of bitcoin, and used it in non monetary fields, such as stock trading, election voting and so on 1) Art instry
artists can use blockchain technology to declare ownership, issue works that can be numbered and limited edition, and can target any type of art in digital form. It even includes a trading market where artists can buy and sell through their websites without any intermediary services
(2) the real estate instry
uses blockchain technology to solve various problems faced by everyone when participating in real estate, including naming process, land registration, agency and so on
(3) the insurance instry
the financial instry has always been the most sensitive to advanced technology. Traditional banking and securities giants have been investing in blockchain venture capital since 2014, with a total global investment of US $1 billion in two years
(4) P2P wallet
personal assets can be traded through this P2P wallet in the future without going through any central organization, such as bitcoin
most blockchains are in their infancy, and most of them are overseas. There are very few good blockchain projects in China, so it is not recommended that any non professionals invest in blockchain projects. If you are very interested in blockchain technology and have technical or financial background, it is suggested to consider starting a business in this area. In terms of protocol system of blockchain, the bottom layer is the underlying technology of blockchain, including the technical protocol of blockchain, as well as some platform routing and basic algorithms; In the middle layer, we need to solve the problems of some application interfaces and the issuance and verification of some certificates, including the services of some instry platforms, big data analysis, etc. This is a rough division, and there should be more detailed division; The top is some applications of blockchain, including financial applications and other applications, Internet of things and so on
Introction to Bubi blockchain
since its establishment, Bubi blockchain has been focusing on the R & D and innovation of blockchain technology and procts, has a number of core technologies, and has made substantial innovation in many aspects, forming a number of core technology achievements, such as: mathematically verifiable distributed consensus technology, fast large-scale ledger access technology, and so on Multi Chain general ledger technology supporting business form expansion, interconnection technology between heterogeneous blockchains, etc. On April 25, "gege integral" introced the integral system into the concept of blockchain, opened up by multiple parties, issued and exchanged integral, and promoted the circulation of integral. All cooperative institutions can jointly participate in transaction verification, account book storage and real-time settlement; The third-party payment platform of the enterprise points issuer makes the points in and out more flexible. Bubi has developed its own basic blockchain service platform, which has been applied in equity, supply chain, credit and other fields. Bubi has been committed to building an open value circulation network with the core of decentralized (polycentric) trust, so that digital assets can flow freely
the simple understanding of blockchain is a technology at the bottom of bitcoin, which is also a point-to-point e-cash system, which can realize point-to-point value express. We should distinguish the concepts of bitcoin, bitcoin blockchain, blockchain and blockchain technology. In the countries with more developed finance in the past, the technology of Finance and block has a long history, and the legislation of digital currency and block chain network is also very important. With the advent of the financial era, large financial institutions are studying blockchain technology. They have their own team and concept technology. Graally, regional banks are also participating in the discussion of digital currency. In addition to the application and support of this technology, blockchain has great influence on enterprises. For larger domestic enterprises, Bubi block is also applied to all kinds of equity In the fields of supply chain and points, domestic financial institutions and enterprises have focused on the value of new instries and developed their own blockchain platforms. Blockchain has instantly become a new domestic innovation instry. Overseas, compared with China, the United States has already obtained 15 blockchain patents at the end of last year. The application of blockchain finance is entering a new stage in an all-round way. Various applications will be more and more in-depth, and the relevant changes will attract more and more attention, which will also form a great new trend
financial institutions have launched blockchain technology into a new era of Internet and big data applications, which has laid a pattern from negative interest rate profit driven innovation to technological innovation. At this time, domestic giants have suggested that the cooperation alliance not only affects the implementation of financial infrastructure, but also is an important means to expand business cooperation. In terms of implementation, the future payment system securities deposit will not only affect the implementation of financial infrastructure, It is inseparable from the financial and settlement system and big data analysis, while the domestic giants join hands and propose a mutually beneficial cooperation mode, which can not only effectively improve operational efficiency, but also rece costs and find new growth points, After the adoption of blockchain technology, whether the company's procts and services can proce a new business model or a cost advantage far lower than that of competitors
what can blockchain do? What about blockchain? Although at present, there is no mature underlying blockchain technology platform solution, technical problems such as capacity scalability, privacy protection, non net settlement and non recourse need to be solved, and large-scale application of blockchain technology also needs to reset it architecture and reengineer business process, these are only technical problems. The real test of blockchain technology rooted and growing in the financial field is the regulatory agencies and financial institutions. Will the inherent "de supervision" and "de centralization" characteristics of blockchain make the market players have no power to drive technological innovation. However, because the blockchain is a technology based on mathematical algorithm, the establishment of trust relationship between all parties does not need the help of intermediaries or authority centers, and the cost of establishing trust relationship is almost zero (on the premise of the establishment of blockchain financial infrastructure and ancillary infrastructure), and the blockchain code is open-source, no geographical restrictions, and the network pattern is distributed and interconnected, It lays a technical foundation for the establishment and development of Inclusive Finance and shared finance in the future, and creates material conditions for the integration and unification of global finance. From this point of view alone, blockchain technology is bound to establish a core position in the future financial development, and rely on and complement each other with finance, and win-win in the future.
the current development of blockchain is still OK. Let's take a few recent examples: on June 14, the white paper on the application of blockchain judicial deposit, which was led by the information center of the high people's court and co sponsored by a total of 25 units, was officially released, and blockchain technology has made achievements in judicial deposit; Recently, visa launched a blockchain payment network to enter the $125 trillion cross-border payment market; Recently, Fuzhou has also issued "three measures on accelerating the development of blockchain instry" to promote the application of blockchain technology
further, there are blockchain electronic invoice, blockchain traceability and so on, so there is no future. Password finance focuses on blockchain, you can learn more here.