Blockchain is not a data revolution

1.

blockchain is an important concept of bitcoin. It is essentially a disintermediated 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 the information of a bitcoin network transaction, which is used to verify the effectiveness of its information (anti-counterfeiting) and generate the next block

blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies

in a narrow sense, blockchain is a kind of chain data structure that combines data blocks in a sequential way according to the time sequence, and it can not be tampered with and forged by cryptography

broadly speaking, 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 It is a new distributed infrastructure and computing method to program and operate data by using intelligent contract composed of automated script code

extended data:

the evolution mode of blockchain is as follows:

& 9642; Blockchain 1.0 - digital currency

▪ Blockchain 2.0 - digital assets and smart contracts

▪ Blockchain 3.0 - Implementation of distributed applications in various instries

blockchain features:

1. Disintermediation. Due to the use of Distributed Accounting and storage, there is no centralized hardware or management organization in the system, the rights and obligations of any node are equal, and the data blocks in the system are jointly maintained by the nodes with maintenance function in the whole system

2. Openness. The system is open. In addition to the private information of all parties to the transaction is encrypted, the data of the blockchain is open to all. Anyone can query the blockchain data and develop related applications through the open interface, so the information of the whole system is highly transparent

3. Autonomy. Blockchain adopts consensus based specifications and Protocols (such as a set of open and transparent algorithms) to enable all nodes in the whole system to exchange data freely and safely in a de trusted environment, so that the trust in "people" is changed into the trust in machines, and any human intervention does not work

The information can not be tampered with. Once the information is verified and added to the blockchain, it will be stored permanently. Unless more than 51% of the nodes in the system can be controlled at the same time, the modification of the database on a single node is invalid. Therefore, the data stability and reliability of the blockchain are extremely high

5. Anonymity. Because the exchange between nodes follows a fixed algorithm, the data interaction does not need to be trusted (the program rules in the blockchain will judge whether the activity is effective). Therefore, the counterparties do not need to make the other party trust themselves by disclosing their identities, which is very helpful for the accumulation of credit

2.

Blockchain is a term in the field of information technology. In essence, it is a shared database. The data or information stored in it is characterized by "unforgeability", "trace in the whole process", "traceability", "openness and transparency" and "collective maintenance". Based on these characteristics, blockchain technology has laid a solid "trust" foundation, created a reliable "cooperation" mechanism, and has broad application prospects

on January 10, 2019, the state Internet Information Office issued the regulations on the management of blockchain information services. In October 24, 2019, ring the eighteenth collective learning of the Central Political Bureau, general secretary Xi Jinping stressed that "block chain as an important breakthrough in core technology and independent innovation", "accelerating the development of block chain technology and instrial innovation". "Blockchain" has entered the public field of vision and become the focus of social attention

on December 2, 2019, the word was selected into the top ten catchwords of "biting words" in 2019

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Application of blockchain Finance:

since 2016, the major financial giants have also carried out blockchain innovation projects to explore the possibility of applying blockchain Technology in various financial scenarios. In particular, Puyin group took the lead in creating a "blockchain +" standard digital currency

standard digital currency refers to the process of assets identification, evaluation, right confirmation and insurance completed by a third party organization, which is written into the blockchain through careful digital algorithm to form the standard corresponding relationship between assets and digital currency, which is called standard digital currency

in order to realize the great leap forward development of blockchain finance, promote the new development of China's economy, accelerate the circulation of global assets, and realize the dream of rejuvenation that has been struggling for generations, Puyin group will hold the Guiyang strategic development ceremony of Puyin blockchain finance in Guizhou on December 9, 2016

the meeting will discuss the realization of digital circulation of assets by blockchain, the financial transaction mode of blockchain, and the application of blockchain services and social public instry. This conference will mark the beginning of the application of blockchain finance and the change and development of the new financial ecology

3. It's not the same thing
big data refers to the technical difficulties caused by too much data, mainly 4V, large amount of data, fast data generation, diverse data formats and low data value
there are many corresponding technical problems to be solved
blockchain is a technical term in the field of information technology. In essence, it is a shared database. The data or information stored in it is characterized by "unforgeability", "trace in the whole process", "traceability", "openness and transparency" and "collective maintenance".

4. The relationship between Chongqing jinwowo analysis blockchain technology and big data is as follows:
the relationship between blockchain and big data is not very big. The main purpose of big data is to manage massive data, and the core of blockchain is to achieve high security and high reliability of data without centralized intermediary accounting
therefore, blockchain and big data do not conflict with or replace each other. They are completely different solutions for data in different scenarios.

5. Blockchain technology is in its early stage, and has not yet formed a unified technical standard. Its scalability needs to be tested by large-scale practice; The application of blockchain is still in its infancy, and its application in some instries needs quantitative analysis, such as the financial instry. At present, the investment in financial infrastructure exceeds trillions. In the case that the existing technology has not been deployed and the use cases have been obtained, the financial instry will remain cautious about adopting blockchain technology; The blockchain instry is extremely short of cross-border talents who understand both technology and finance
the most valuable part of blockchain is not technology, but the idea behind it.
no technology is omnipotent, so is blockchain technology. As a trust connector, the greatest value it brings to the times is the concept of openness, openness and transparency behind it, and the spirit of building a business with trust and honesty. Based on this spirit, the blockchain technology is like the most impartial machine judge, so that every information in its hands can exist permanently in the world and be tested by future generations.

6. The first instrial revolution brought steam power and factories. For the second time, there were railways and electricity. The third time has given us the convenience of Internet, digital computer and modern world
these revolutions started and ended with the creation of better and more efficient machines. But the fourth revolution, the instrial Internet of things (iiot) asserts, is coming, and it will not follow in the footsteps of its predecessors
the fourth revolution will not focus on stronger and faster machines: it will focus on machines, processing, sharing and spontaneous information behavior, fundamentally changing our relationship with tools, the world and each other
the data revolution
is not coal, steel, nor silicon. The currency of the fourth revolution will be data
a single gas turbine, coupled to the instrial Internet, generates more than four times as much data in one day as the global Twitter as a whole, but the data we analyze is less than 1%. Bill RUH, chief executive of Ge digital, predicts that digital information will overflow, and today's analysis tools are hopeless
"ten years ago, we might have introced 1TB of data every day." "Today, it's up to about 10000 TB of data," RUH told the Boston Globe. By 2020, we expect to introce about 1 million terabytes of data a day. "
the data generated by future machines is about the same as that of the library of Congress. Imagine reading every book in the library of Congress and then having to summarize what you've learned on 10 pages. The task is not only huge, but also ridiculous
the real miracle of the fourth instrial revolution will not be to proce data, but intelligent machines that can analyze these data and communicate with their peers in the network. Each networked machine will then take action to change its processes to improve efficiency and feed back its changes to the network
I hope these smart machines will bring our world economy to a climax: RUH and Ge believe that in the next 20 years, the smart machines and Internet of things instry will add 10 to 15 trillion US dollars to the global economy. Given that global gross domestic proct (GDP) was about $74 trillion in 2015, this is a huge growth
the foundation of the revolution
for the coming revolution, there are two components that are important and necessary: a centralized, instry-specific Internet communication network, such as predix of General Electric; And systematic, decentralized way, and hinder dishonest communication to promote business development
the specific iiot network must act as a hub for intelligent machines to interact with each other and with human creators. Sensors on the computer collect a large amount of data, and then filter the data in real time. In other words, it can be imagined that it happened on the basis of a machine. However, the investigation results of relay equipment and the decision made without human intervention, in order to truly build an intelligent network, the machine needs a single communication network
imagine that when the aircraft is still in the air, the sensors of the aircraft engine recognize the part that is about to fail, and then communicate with the destination airport. The engine will need maintenance and order replacement parts before landing
this intuitive machine is not a science fiction dream: it's our future
in my opinion, iiot information network is only half the success, and ultimately it is about e-commerce. Seeing it as a public road, millions of autopilot cars will run on top one day.
now, these autopilot cars run on a single system. But how do we ensure that every autopilot will obey the traffic rules? For example, how can we ensure that the vehicle does not send fraud information about its whereabouts at the time of the accident? If there are only two parties involved in the accident, then each passenger will confirm the story of his own car, and there is no way to verify the position claimed by each party
considering that decentralized, satellite based GPS will affect the situation. The system is just and connected to every car. Of course, every car can continue to lie, but it's much easier to verify which side is telling the truth
e to the nature of the GPS system and the nature of its cancellation, the autopilot car has no reason or is tampered with by its owner. This strong incentive for integrity is to promote the trade between autopilot cars, and it is necessary for owners to feel that their investment in these vehicles is safe. Br />GPS technology is for auto driving vehicle, just like network block chain technology for instrial Internet. Of course, self driving cars can run on roads without GPS, but their owners probably will not allow them to do so. Similarly, on a larger scale, machines can communicate on a single, centralized network of the instrial Internet, but only when there is no risk Blockchain is the core part of bitcoin technology. Its function is simple and similar to an account book, recording all transaction data. This account book: 1. It is stored on each bitcoin node of the Internet, and each node has a complete backup; 2. It records all bitcoin transfer transactions since the birth of bitcoin; 3. The ledger is stored in blocks, and each block contains some transaction records. Each block will record the ID of the previous block, forming a chain structure, which is called blockchain; 4. When you want to initiate a bitcoin transaction, just broadcast the transaction information to the P2P network, record your transaction information as a new block and connect it to the blockchain, and the transaction is completed
blockchain has stimulated the revolution in other places
of course, blockchain has promoted the development of e-commerce in the financial instry. But digital information packets are discrete assets like money, and blockchain can create digital records of their existence and transmission. The technology is essentially a unified ledger of records or digital events. The ledger is distributed in the network and shared by different parties, and can only be updated by the majority of these parties. Once a ledger item is created, it can never be erased
blockchain is the missing link in the revolution, because the e-commerce it inspires will define the trust between machines and stakeholders. For example, Volkswagen's recent emissions scandal. VW's tests show that its vehicles emit too much NOx, so it chooses to hide the problem to avoid subsequent inspection
although blockchain will not prevent machines or people from tampering with data, it will create transparent, shared and indelible documents about the original emission data. If this data has been created and shared through the blockchain system, Volkswagen will never embark on the road of fraud, because the difference between the two data sets is obvious
the benefits of iiot are obvious. We have developed machine to machine communication technology; Now, it's the standardization challenge between society and the next revolution. This has driven the development of database technology in the past 30 years, and we have finally seen the momentum of construction
the first mock exam is different from the other enterprises, but if we all want to benefit from the high efficiency brought by the fourth instrial revolution, we must adopt the single mode of machine to machine electronic commerce. And because the communication network has to operate commercially between voluntary participants, we have to integrate the blockchain into this system. In the need to constantly modify the data, and free information trade needs detailed environmental conditions, blockchain is the best path to a new instrial revolution.

7. Blockchain is a distributed ledger database, and its core is the essence of trust, that is, the ledger is still used, and there are records that can not be tampered with in the ledger, Its design is as like as two peas in the traditional account:
add a signature
in each record. Each device in the block chain network maintains a complete and identical account
another feature of the block chain is that this ledger book is kept in every computer, and each one is exactly the same as the 2. This can ensure that one account book is damaged (the disk is damaged or tampered with to make it unusable), and the account books on other machines can still be used to ensure that the data will not be lost
the above two points are the core technologies for blockchain to establish trust relationship, which ensures that the data is reliable and can not be tampered with. This revolutionary realization of trust transfer between two strangers does not require the participation of intermediate institutions. With this foundation, the whole "new institutional economics" will no longer exist, and even the trust companies derived from it will be replaced, This is probably why Alipay announced the introction of block chain technology in January 2017. It is bold to predict that Internet Co will be built on the block chain in the future. What we can imagine is the property chain, food safety chain, financial service chain, chain chain and so on.
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.

8. From now on, the possibility of implementation is relatively small, perhaps because of this

9. The wind came and blew away, and the water of Wanghu building was like the sky

10. Liu chain has been developing this technology. In the blockchain, every record of the coming and going of funds will be accurately recorded in all the block nodes, so there is no need to worry about the data being tampered with, and there is no need to worry about one party in the transaction refusing to admit after receiving the money.