Blockchain will replace broker license
Zheng Xiaojun, chief economist of the world blockchain organization and President of the Caribbean blockchain Research Institute, introced the world blockchain organization at the tokensky blockchain conference in South Korea today. He mentioned that the Caribbean is the largest offshore area in the world, and a lot of international re export trade relies on the Caribbean for operation. However, 80% of the population in the region does not have bank accounts, and the financial infrastructure cannot be solved by traditional financial instruments. Therefore, the development and cooperation of blockchain in the world is very necessary
At the tokensky blockchain Conference on March 14-15, Zheng Xiaojun, director general of wbo, mentioned that the wbo licensing authority will issue three types of licenses: digital asset operation license (for ordinary digital asset companies), digital asset trading license (for digital currency exchanges, etc.) and ICO license (for ICO only projects, companies, etc.)
it is understood that the world blockchain organization is a non-governmental organization registered by the United Nations Economic and social affairs agency. Its purpose is to become a major international intergovernmental organization in the blockchain instry and provide another method and means to solve the financial problems between countries and regions by promoting the cooperation of the blockchain world
at present, wbo has more than 400 members and institutions, including nine offices including the licensing authority, to operate blockchain policy research, legislative promotion, standard formulation, evaluation and certification, conferences and exhibitions, training and ecation and other activities
the wbo with endorsement from international organizations will issue licenses related to digital cryptocurrency and blockchain, which may provide clearer guidance on supervision and practice at the national level, and bridge the cooperation between countries
as a financial technology leader, the United States discussed cryptocurrency, ICO and whether the existing regulatory framework is sufficient to protect investors at the recent congressional cryptocurrency regulatory hearing. Many of them agreed that the regulatory authorities should clarify the legal status of encrypted assets, and ensure that the relevant processes comply with the law while helping entrepreneurs to innovate
No matter what the result is, the measures taken by these important organizations and governments show that they will not sit back and watch the currency circle and chain circle go disorderly
it is worth noting that on March 11, the blockchain instry alliance of China Hi Tech Instrialization Research Association also announced that it has officially joined the ranks of wbo sponsors, and Zhu Tao, chairman of the alliance, is also the deputy director general of the world blockchain organization. With the issuance of internationally recognized licenses, will China's policies be relaxed
how does blockchain lead to changes in the game instry
in the past few years, the game instry has become the focus of many innovations - Virtual Reality (VR), augmented reality and artificial intelligence. However, the contribution and development space of blockchain is unique, which is expected to bring higher transparency and trust to the game instry
investors certainly don't want to be spectators of this trend. They want to catch up with the fast train of the blockchain game. For them, this technology has subversive potential and also brings real economic benefits. Therefore, they decided to use capital to make this emerging technology a breakthrough in the game instry< However, how can DLT bring benefits to developers and the game instry? From the perspective of use cases, blockchain has unlimited possibilities, or will change the instry in a variety of ways:
blockchain can help developers eliminate the gray trading market related to game assets - game developers tend to design games as a closed ecosystem, hoping to ensure that the value in the game will not be mapped with the value in reality. For example, players cannot make money by selling game assets, nor should they trade assets in one game for assets in another. But such control, on the contrary, leads to the emergence of gray market, participants can gather together to complete resource transactions. With the support of blockchain technology, game publishers can embed management rules into token assets, so as to charge transaction fees for every asset transfer in any environment. In this way, users can really freely trade the assets they think are suitable, and publishers can also obtain additional revenue outside the core business
blockchain can also map value and intangible assets - when cryptokitties launched a wave of "cloud cat" on Ethereum, people began to realize the close relationship between DLT and games. The game allows players to use cryptocurrency to buy and trade unique virtual kittens. Because each kitten has a unique identity mark, this collector's game actually uses the so-called irreplaceable signaling (NFT). So far, players have spent millions of dollars on kittens. The most expensive kitten has sold for a sky high price of 600 ethers, more than 173 thousand dollars at the market price at that time. Games such as cryptokitties prove the powerful function of DLT through the token of assets. In this way, each asset can be proved to be unique or scarce, ensuring that users have clear ownership of digital assets, and allowing these assets to interoperate in application scenarios outside the original ecosystem. These functions bring higher perceived value to users, thus increasing the possibility of consuming real money in the application. However, it must be admitted that although cryptokitties show the application prospect of DLT in the field of games, they fail to create a good experience to attract more audiences. The next generation of blockchain games, such as epics digital collectibles, will further seamlessly integrate DLT with a consumer centric and engaging gaming experience
blockchain can help users purchase, sell and store in-game assets - with the help of DLT, the distribution and transaction of in-game assets will usher in an unprecedented new situation
developers can introce rules that allow players to purchase assets with cryptocurrency in game design, so as to make the whole purchase process easier, faster and safer. Similarly, cryptocurrency can also solve the micro transaction challenge. But game publishers are also very clear that most ordinary players are not familiar with the transaction mode of cryptocurrency, so they will hide these elements behind the regular payment gateway. In addition, developers can also use frameworks created specifically for digital assets in the game. As mentioned above, cryptokitties is built on Ethereum, and more blockchain implementation standards specifically for game design have emerged. Dgoods is such a solution, which is a token framework initially established for eosio protocol
mythical games is a developer that uses dgoods to build an in-game asset trading system. The company plans to launch its first game, blankos, in 2020. Blankos is expected to become the largest blockchain game so far, which can dock with many player communities such as PC, game console and mobile devices
it is believed that in the near future, more developers will use digital asset framework to design in-game economic system and jointly improve asset operation process
blockchain can help developers improve customer engagement and increase the average revenue per player (arppu) - NFT is expected to play a huge positive role in this regard. Game publishers have long noticed that e to the higher perceived value of users, games matching blockchain technology often have higher arppu indicators. NFT is also quietly changing the interaction between brands and consumers. This new marketing method no longer emphasizes the invasiveness, but pays more attention to the final consumer value, and improves the participation. For example, azarus has set up a set of E-sports network on the twitch streaming media platform. Players who watch E-sports content for a long time can get aza coin as a reward, and use this token to exchange game items. This way of turning the viewing time of game related content into rewards for items in the game will encourage players to pay attention to the game for a long time, and then increase their enthusiasm in the actual play. In view of the good participation effect brought by this new marketing method, I believe that more game publishers will invest considerable marketing funds in this field in the future
promote market growth
the game market has a considerable scale, and the blockchain has also attracted many investors; The combination of the two is pushing the development of the game instry to a new height
today, more than 2 billion players play games on computers or smartphones. Newzoo, a game and E-sports analysis company, estimates that the total number of gamers in the world is as high as 2.5 billion, which means that one out of every three people is a gamer. By the end of this year, the total spending of global users on games will reach US $152.1 billion, an increase of 9.6% over 2018
obviously, games have become one of the fastest growing instries in the world, while blockchain has brought countless unprecedented possibilities through a more open and credible environment, which has become an important means and pillar factor to enhance the image of the game instry. This in turn will attract a large number of investors, especially those who focus on the direction of DLT games
many excellent investors for blockchain have begun to include game companies in their portfolios. For example, venture capital firm SVK crypto has officially invested in mythical games, azarus and high fidelity. Among them, high fidelity is a VR platform established with the participation of Philip Rosedale, the developer of the popular game second life. It plans to use blockchain technology to manage the ownership of assets and currencies in the game
in addition to SVK crypto, the EOS VC consortium of block.one also includes Galaxy digital and finlab AG. Interestingly, finlab AG has also shown interest in the gaming instry, especially in investing in upland. Galaxy digital, one of the three brothers, is naturally unwilling to lag behind. Recently, it has also participated in the financing of immutable, a Sydney blockchain game start-up
in a word, institutional investors for blockchain hope to take action in the fast-growing game instry. The continuous injection of relevant capital may comprehensively promote the development and maturity of the blockchain game market.
At present, there are quite a lot of MSB licenses in the United States. The bigger ones are Huo coin, coin an, and the smaller domestic second and third tier exchanges are all licensed. At present, the licenses are also a trend in the future. They are all moving towards standardization, and there are more than 20 applications for licenses every month
for example: US MSB, Estonia, Australia
Fourth, decentralization. Decentralization is the most basic feature of the blockchain, which means that the blockchain no longer depends on the central processing node and realizes the distributed recording, storage and updating of data. In the traditional centralized network, attacking a central node can destroy the whole system, while in a decentralized blockchain network, attacking a single node cannot control or destroy the whole network. More than 5% of the nodes in the master network are just the beginning of gaining control. 2019 is the first year for the commercial application of blockchain technology, and the stimulation of favorable policies will make the development of blockchain technology more stable
with the application of blockchain technology graally penetrating into many fields such as digital finance and Internet, we have a clearer understanding of the value of blockchain
blockchain has formed a situation of global competition, and all countries are seizing the development opportunities, let alone China; Therefore, there is no doubt that blockchain has become a national strategy.
1. Banking
as a digital, secure and anti-interference account, blockchain realizes the core function of Banking: the safe storage and transfer center of value. In other words, in the next few years, a wave of companies based on blockchain technology may affect the banking instry. Indeed, UBS, a Swiss company, and baecelays, a British company, are trying to use blockchain technology to improve payment terms. Some other banking companies even said blockchain technology could save $20 billion in intermediate costs
therefore, it is not surprising that banks, as financial service giants, have become the growth force of blockchain venture. Payment and transfer
recently, the world economic forum wrote in Forbes magazine that decentralized payment technology, such as bitcoin, may change the "business structure" of the transfer instry that has not changed for more than 100 years. Blockchain technology can avoid complex systems and create a more direct payment process between the payer and the payee. Whether it is domestic transfer or cross-border transfer, this method has the characteristics of low price, fast speed, and no intermediate fees. Abra (above) is a start-up enterprise that uses blockchain technology for global bitcoin and blockchain based transfer
3. Network security
although the system of blockchain is public, advanced encryption technology is used in the process of data exchange such as verification and transmission. This technology not only ensures the correct source of data, but also ensures that the data will not be intercepted in the intermediate process. If the application of blockchain technology is more extensive, the probability of being attacked by hackers may also decrease. Therefore, people think that blockchain system is more secure than traditional system. One of the reasons why blockchain system can rece the traditional network security risk is that it relieves the demand for middleman
"eliminating middlemen not only reces the potential security risk of hacker attacks, but also reces the possibility of corruption," Goldman Sachs wrote. Guardtime (above) is an Estonian start-up company, which mainly studies instrial network security solutions based on blockchain technology
4. Academic record and academia
holbertson school, a California software skills program, announced that it will use blockchain technology to identify academic credentials. This will ensure the authenticity of holbertson school students in course identification. If more schools adopt such transparent certificates, transcripts and diplomas, academic corruption will be greatly reced, not to mention the labor verification time and paper document cost
5. Elections
at the University of West Virginia, the student union is considering whether to use a voting platform based on blockchain technology to conct school elections. If such a platform is used, students can vote with mobile devices, and the voting results will be included in the public system, so the voting is completely safe. One student who supported this way explained that the vote "can never be modified or deleted by us - programmers, school administrators or students."
Agora voting, a Spanish software project, uses encryption technology to improve the security of online voting. Several of their systems have also been tested in Spain. Recently, the leader of this project proposed several ideas to turn bitcoin and blockchain technology into voting applications, which are far from experimental
6. Car rental and sales
later last year, visa and DocuSign announced a cooperative plan to create specific solutions for car rental by using blockchain technology. In the future, car rental can be completed in three steps of "click, sign and open". The specific operation is: customers choose the car they want to rent, and then the transaction will be uploaded to the public account of the blockchain; Then, the customer signs a lease agreement and an insurance agreement from the driver's seat, and the blockchain will upload the information in real time. It is not hard to imagine that this leasing model may also be applied to the field of car sales and car registration
7. Network communication and Internet of things
IBM and Samsung are working together to realize an idea called adept. Adept uses blockchain technology to build the pillar of decentralized Internet of things. Coindesk said that with adept, the decentralized P2P automatic telemetry system, the blockchain can become a public system for many devices, and there is no need for a central hub to mediate the communication of various devices. After removing the central control system and identifying each other, the devices can automatically communicate with each other, manage software updates, bugs, or energy consumption
other companies are also committed to integrating blockchain technology into the Internet of things platform. For example, filamen, which uses blockchain technology to build a decentralized network for sensor communication, announced that they have obtained US $5 million investment in round a financing, with the participation of Verizon ventures and Samsung ventures
8. Smart contract
a smart contract is actually a computer program that functions on the action of another object. Like ordinary computer programs, intelligent contracts are also an "If then" function, but blockchain technology realizes the automatic filling of these "contracts" without human intervention. This kind of contract may eventually replace the core business of the legal instry, that is, the business of drafting and managing contracts in the commercial and civil fields
for example, mortgage loans can be completed through blockchain technology and automatically executed every year according to the terms of the contract. Ethereum, a crowdfunding platform based on blockchain technology, not only provides decentralized applications, but also provides smart contracts. Some users have married with their smart contracts. Another company, hedgy, received $1.2 million in seed round investment from Tim Draper, Marc Benioff, boost.vc and sand hill angels earlier this year. The company uses smart contracts to build a platform for users to discuss the value of bitcoin
9. Prediction
blockchain technology may shake the whole research, analysis, consulting and prediction instry. Aug, an online crowdfunding platform, hopes to make a profit in a decentralized forecasting platform. The company said it would offer a service that looked like a gaming swap. The whole process will be decentralized, and the AUG platform will not only provide users with sports and stock gambling services, but also provide election and natural disaster gambling services. This idea actually goes beyond sports gambling and creates a "forecasting market"
10. Online music
many musicians are choosing blockchain technology to improve the fairness of online music sharing. Billboard reports that two companies are automatically solving licensing problems by paying artists directly and using smart contracts. Peertracks, which is still in its infancy, wants to create a new music streaming platform where users can pay artists directly without middleman's intervention. Peertracks also hopes to create more direct interaction between artists and users
ujo music, led by entrepreneur Phil Barry, claims that they are rebuilding the music instry on the blockchain. Ujo also hopes to solve the problem of streaming music and artist payment. In addition to streaming music, it is also expected that ujo will be able to better classify the artists and creators behind the songs by using intelligent contracts as the autonomous brain of the song list
11. Travel sharing
Uber and other travel applications seem to be on the opposite side of decentralization. This company is like a deployment center, using its algorithm to control its drivers and their charges. According to the report of blog, Israeli venture LA & # 39; Zooz wants to "go against Uber.". The company invented its own patented digital currency, which, like bitcoin, can be digitally recorded using blockchain technology. Different from the centralized network, users can call in LA & # 39; Find people with similar itinerary on zooz, and then use LA & # 39; Zooz's currency pays the taxi fare. These coins can be used for car hailing in the future. Users can get LA & # 39 as long as they allow the app to track their location; Zooz's digital currency
12. Stock trading
for many years, companies have been trying to simplify the process of stock purchase, sales and trading. Emerging blockchain technology makers believe that they can go beyond the past, realize the automation of the whole process, and improve security and efficiency. Overstock's subsidiary T & # Com wants to use blockchain technology to realize online trading of stocks. Overstock is already using blockchain technology to issue public shares, wired reported. At the same time, chain, a blockchain technology maker (mentioned above), is working with NASDAQ to realize the share trading of private companies through blockchain technology.
for example, the cost of applying for MSB license in the United States, Canadian license and Australian license is relatively lower. Japan's FSA application takes the longest time and is not recommended
Estonia has one of the most competitive tax policies in the world. Estonian profits tax is not applicable. Bitcoin and altcoins are not subject to VAT
you can apply for; Two kinds of cryptocurrency license:
&8226; Official activity licenses for service providers to exchange virtual (encrypted) currency with fiat money, including services to encrypt the exchange of decrees, encrypt to commands, and encrypt to encrypt 160; When a
transaction such as commission service is provided, it becomes an exchange service. In addition, most of them are oriented to # 160; ICO's companies
will benefit from this legal compliance license 8226; 160; Virtual (encrypted) Money Wallet service provider
wallet is a digital offline (cold wallet) and online tool (hot wallet) based on public key encryption, which is used to send and receive cryptocurrency safely. Licenses cover services that create or retain private wallet keys, while funds belong to users
rather than service providers
both cryptocurrency licenses are issued by the financial intelligence unit (FIU) of Estonia and can be applied separately or together. It will take about 30 days
materials required for us MSB license 1. Basic information of US companies
1 company registration certificate
2 articles of association or equivalent documents
3 good reputation certificate (annual review document) of the company established for more than one year
4 company Ein tax code
2. Detailed personal data of shareholders and directors of US companies (scanned passport, personal telephone, address, etc.)
3. Brief introction of the exchange (which can be written by our company)
1. Services provided by the exchange
2. Current operation status of the exchange (if the exchange is currently in operation)
3. Customer groups of the exchange
4. Types of services, Refer to the list of MSB service types< Total transaction amount: list the total transaction amount of financial procts or services issued by MSB in each indivial month in the previous 12 months, which exceeds $100000
the registration process usually takes about four weeks
Canada and Australia are similar to the United States. I hope they can help you.
blockchain technology has realized the key characteristics of tamper proof, decentralization, anonymity, security and reliability. Now more and more instries choose to use blockchain technology. For example, NASDAQ has adopted blockchain technology to realize LINQ, a private equity trading platform. It is more secure, and the transactions stored in the blockchain can not be tampered with, that is to say, once written, it is impossible to be modified. In the future, the application of blockchain will be very wide, and all aspects can be applied to blockchain technology. For example, in the future, schools can store the electronic version of Graation Certificate in the blockchain, which will not be tampered with. Employers can check the authenticity of students' graation certificate by querying the information in the blockchain.