What are the problems with blockchain music

1. Jinwowo analysis believes that blockchain mainly solves the trust and security problems of transactions. Once the information is confirmed and added to the blockchain, it will be permanently stored. Unless more than 51% of the nodes in the system can be controlled at the same time, the modification of data on a single node cannot be realized. Therefore, the data stability and reliability of blockchain are very high
e to the use of Distributed Accounting and storage, there is no centralized hardware or management organization, the rights and obligations of each node are equal, and the data blocks in the system are jointly maintained by the nodes with maintenance function in the whole system.

2.

On March 20, it was reported that recently, an all-star team composed of Grammy award winners and music procers officially launched the blockchain music right project tune to solve the problem of right protection and profit distribution that plagued the entire music instry

at present, the development and application of domestic blockchain is still in an early stage, the infrastructure of blockchain is not perfect, and the instry application is also in the exploration stage. Instry insiders suggest that we should seize the development opportunity of blockchain technology, and rationally view the implementation progress and application scenarios of blockchain technology, so as to avoid the investment risk caused by excessive speculation

3. Blockchain technology is known to all, but blockchain problems also emerge one after another
for example, general enterprises lack large-scale enterprise ecological infrastructure, mature applications, developers and immature middleware and tools. In the network system established by blockchain, the data information that each block can carry is real and secure, Therefore, the research and development of blockchain technology needs to have higher technical requirements for the level of professional knowledge of the participants. It is not easy for small and medium-sized enterprises to develop blockchain technology with their own thin technical team
in the future, jinwowo will continue to tap the value of blockchain technology in the commercial field, give full play to the advantages of big data services, add value to user behavior, break the ice for the development of small and medium-sized enterprises, and build a real, efficient, safe and honest Internet community of destiny.

4. According to the analysis of jinwowo group, the problems faced by the smart contract based on blockchain are as follows:
1-security problem: one of the key problems is security and trust. The smart contract system is designed to be an environment without trust, which means that the mistakes can not be corrected
2 - Privacy: one of the challenges of effective use of blockchain is to provide thorough transparency
3 - unexpected scenario problem: smart contract sounds very good, but how to correctly and appropriately handle the contract execution in unexpected scenarios is a problem.

5. The mines in Outland should be the most valuable, but it's hard to mine, and the mines in pandaliya are also good
under the ideal situation of big bird mount + no one grabs the mines with you + opposing camp doesn't kill you + familiar with the mines, more than 1000g per hour
under normal circumstances, e to various interference factors, 500g per hour is good, minus 200g per hour, the actual income is 300g per hour, If you are engaged in manual mining, you should also consider the fatigue factor. The more mining, the lower the efficiency. It is not recommended to use this lowest level method of earning money. Just like the wage earners in big cities, they can barely earn a living (point card money), but they have no future

6. The art instry
ascribe allows artists to declare ownership by using blockchain technology, issue numbered, limited edition works, and 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<

in the legal instry
bitproof is the most advanced of many document timestamp applications emerging in recent years, which will make the traditional notarization method a thing of the past. Bitproof offers more services than free versions including blocksgin and originstaemp, including one for intellectual property. Interestingly, bitproof recently cooperated with an it school in San Francisco to put their students' academic certificates on the blockchain, completely redefining how to handle and use diplomas and student certificates<

development instry
colu is the first enterprise to allow other enterprises to issue digital assets. Many people are impressed that they can "token" all kinds of assets. Although the free bitcoin wallet couperparty also allows simple tokens to be issued and traded among other wallet holders, the tokens of colu can be set with various states and types, can be detached from or returned to the system, and can be stored on BitTorrent's network when the data stored on the blockchain is too large<

the real estate instry
they plan to modernize the whole instry chain process and solve various problems faced by everyone when participating in real estate, including naming process, land registration, agency, etc
viewing blockchain from a financial perspective
the essence of money: money is just a kind of broad value consensus, and it does not have value precipitation
the relationship between assets and currency: currency describes assets
what is digital assets: assets are digital, segmentable and tradable, and the price is determined by the supply and demand market, not by the value intermediary currency<

Internet of things
application scenario analysis [7]
a possible application scenario is: generate corresponding behavior through transaction, assign address to each device, inject a certain fee into the address, and perform relevant actions, so as to achieve the application of Internet of things. Similar to: PM2.5 monitoring point data acquisition, server leasing, webcam data call, DNS server, etc
in addition, with the increasing number of Internet of things devices and the increasing demand for edge computing, a large number of devices need to adopt a distributed self-organization management mode, and the requirement for fault tolerance is very high. The distributed and anti attack characteristics of blockchain can be well used in this scenario
IBM [7]
IBM has continuously invested in the research and development of the Internet of things for decades, and is exploring the use of blockchain technology to rece the cost of Internet of things applications
in early 2015, IBM and Samsung announced their cooperation in developing adept system
logistics supply chain [7]
the supply chain instry often involves many entities, including logistics, capital flow, information flow, etc. there are a lot of complex cooperation and communication between these entities. Under the traditional mode, different entities keep their own supply chain information, which is seriously lack of transparency, resulting in higher time cost and money cost, and it is difficult to trace and deal with problems (false claim, counterfeit goods, etc.)
through the blockchain, all parties can obtain a transparent and reliable unified information platform, which can view the status in real time, rece the logistics cost, and trace the whole process of proction and transportation of goods, so as to improve the efficiency of supply chain management. When disputes arise, the proof and tracing become clearer and easier
this field is considered as a promising application direction of blockchain
for example, the carrier can scan the QR code to prove that the goods arrive at the designated area, and automatically charge the fees agreed in advance. We can refer to how the blockchain changes the supply chain finance and brings transparency to the supply chain
skuchain creates a new supply chain solution based on blockchain to realize the synchronization of commodity flow and capital flow, and alleviate the problem of counterfeit goods
public network service [7]
the normal operation of the existing Internet is inseparable from many nearly free network services, such as domain name service (DNS). Anyone can query the domain name for free. Without DNS, all kinds of websites can't be accessed. Therefore, for the network system, similar basic services must be safe, reliable and low-cost
blockchain technology just has these characteristics. The DNS system based on blockchain will no longer have all kinds of wrong query results, and can provide services stably and reliably

Insurance Instry
in the past two years, the hottest topic in the field of science and technology can not be separated from blockchain technology. This underlying technology, born out of bitcoin, has proved its highly secure and reliable architecture and algorithm design with more than seven years of stable operation. At the same time, with innovative technologies such as distributed ledger and smart contract, it has opened up a huge imagination space for instrial upgrading of many instries. Some instry experts even predict that blockchain technology will set off the second Internet revolution
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. In two years, the total global investment is as high as US $1 billion, and there is no lack of a-round financing such as US $60 million of Dah and US $50 million of blockstream. In addition to capital investment, major companies have personally participated in and promoted specific business applications: for example, the LINQ blockchain equity exchange launched by the Nasdaq Stock Exchange in the United States has started issuing tests at the end of 2015; The R3 CEV alliance formed by 43 multinational banks in the world has been testing and improving the inter-bank clearing alliance chain, with unprecedented speed and participation
although the insurance instry's participation in blockchain technology is relatively conservative, it has been actively exploring and researching in the academic field. At the end of 2014, the 50 page "lifelong chain" special research report launched by the European and American insurance instry forum initiated by the famous Z / yen Group Consulting Group in the UK discussed the innovation and change that blockchain will bring to the insurance instry from many aspects
while studying blockchain technology, I have exchanged with many domestic experts and scholars in the insurance instry, and deeply discussed the specific foothold of blockchain in the insurance business from the perspectives of business process and company management. Now I share with readers some thoughts on credit risk management.

7. Blockchain solves the problem of trust, which is the root of all problems
wikilink is a complete intelligent contract platform supporting Turing. Wikilink adopts the consensus mechanism of dpos, with a total of 11 voting nodes, generating a new block every 10 seconds. Through the smart contract wikilink, we can realize a wealth of application scenarios, such as asset issuance, guessing applications, right traceability, mutual insurance, decentralized exchanges, cross-border settlement, etc
but the most important thing in these scenarios is trust, which is to be open and transparent.

8. Jinwowo thinks that if blockchain technology wants to be widely used in China, the first problems to be solved are as follows:
1 - blockchain is too large
2 - blockchain data confirmation time
3 - deal with the issue of transaction frequency
4 - the development of blockchain technology is restricted by the current system
5 - the integration cost of blockchain technology and existing systems is relatively high

9. Maybe disappointing applications: music, games and other digital procts
using the transparency of the blockchain to solve the problems of the music instry, I'm afraid many people have seen such news, and there will be companies doing such projects, but have you ever thought about using the blockchain scheme to make music, for the audience, will it really have a demand
the emergence of streaming media has spoiled the audience. Although musicians are against this mode, almost all technology giants have deployed streaming media. The emergence of this mode makes it difficult for the traditional entity record mode to turn over. Big brands such as Taylor swift and Adele refuse to cooperate with streaming media platform in order to promote record sales, But in the eyes of streaming media managers like music tank, this refusal is only temporary. In the final analysis, musicians feel that they have made less money and are aggrieved. The key point is that the audience pays less. Do users care about the income of the musicians
here we emphasize a problem. Blockchain can only solve the problem of falsification, but it can't solve the problem of piracy. It's very easy to pirate music and other digital procts
in China, the most anticipated blockchain project in 2017 may be coin win China, a digital currency crowdfunding platform. Coin win China went online in a very low profile, and completed a crowdfunding project of 5 million yuan in a month. There may be more similar crowdfunding platforms in the future.