The application of blockchain subverts the Internet
whether from the perspective of information transmission efficiency and resource consumption, or from the perspective of nervous system evolution, blockchain cannot become the mainstream architecture of the Internet, let alone the subversive and revolutionary of the future Internet.
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.
characteristics of blockchain:
the core potential of blockchain lies in the transparency, openness, traceability and non tampering of information
origin of blockchain:
blockchain technology originated from a special currency, and its essence is to create a decentralized monetary system
it's hard to say whether we can change the world in the future, but the future is very clear.
Although the current blockchain technology is still in the initial stage, the advantages of this technology have begun to be reflected. In many fields, blockchain can proce great value, and I believe there will be more landing application scenarios in the future,
blockchain + cross border payment
at present, the mainstream way of cross-border remittance is wire transfer, and its cycle is generally as long as three to five working days. In addition to certain handling charges, intermediary banks will charge certain handling charges, Swift (Global Interbank Financial Telecommunication Association) will also charge a higher fee for the message exchange of its system. In China, a single fee of 150 yuan will be charged for cross-border remittance through the Bank of China
and the use of blockchain technology allows the remitter and the payee to pay and settle directly, eliminating all intermediate costs, so that cross-border payment and settlement can be completed point-to-point quickly. While improving the speed of settlement, it can also achieve all-weather payment, real-time arrival, simple embodiment and no hidden cost
however, it is still in the experimental stage, but the capital has quickly followed up the layout. According to the data of the in-depth analysis report on business model innovation and investment opportunities of China's blockchain instry released by foresight Instry Research Institute, from 2012 to 2015, the amount of venture capital in the blockchain field increased by more than 200 times, from US $2 million to US $469 million, and about 205 venture capital institutions participated in the investment
however, although the development of blockchain is still hot, it is far from large-scale application, at least facing problems in technology, application, security and other aspects. More importantly, the government did not follow up, so the relevant enterprises had to consider the policy risk.
blockchain is not only the favorite of the financial sector in 2016, but also a topic of people's attention. Major domestic and foreign giants have tried blockchain related projects.
A few days ago, some media reported that the Internet can be called a great revolution. Since its birth, it has constantly refreshed its imagination and transformed the world, and the blockchain is subversive
in the early stage of blockchain development, on the one hand, it needs the full brewing of the market, on the other hand, it needs the guidance of the government. Blockchain may bring some challenges to the current laws and regulations, especially in the financial field. We do not have to predict its future, but to do a good job in process supervision, the next step is to see the application and development of blockchain in all aspects
Article source: bit110 network