Blockchain development approach
"the times 03 / Jan / 2009 Chancellor on brink of second low for banks (on January 3, 2009, the chancellor of the exchequer was on the verge of implementing the second round of bank emergency assistance)."
at that time, the British Chancellor of the exchequer, darling, was forced to consider a second attempt to relieve the banking crisis, which was the headline of the front page article of the times that day
the time stamp service and existence proof of blockchain, the time generated by the first blockchain and the events that happened at that time are permanently preserved
BTCC, a bitcoin company, launched a service "Millennium chain" in 2015, namely blockchain lettering service, which is based on the above principles. Users can use this service to engrave text on the blockchain and save it permanently
bitcoin, Ruitai coin, Laite coin, dogcoin, Ethereum and other digital currencies will use blockchain technology.
the blockchain instry is on the eve of the application outbreak
as a kind of underlying technology, with the support of policy direction, blockchain is attracting more and more exploration of application landing. At the recent 2019 future business ecological link conference, Zhu Youping, deputy secretary of the general Party branch of China economic network management center of the state information center, pointed out that after 11 years of trial and error, the technology of blockchain has basically been commercially available, and the instry is now on the eve of application explosion
Wu Xiaochuan, a senior expert in Zhongan technology's blockchain development, told the 21st century business reporter that the biggest difficulty in the current blockchain landing instry is how to map the physical world and the blockchain world one by one, which needs multi-disciplinary joint efforts to solve. Internet of things technology is an important part of it. With the blessing of 5g, cloud computing and other technologies, it will bring more complement and support to the implementation and application of blockchain technology in the futureaccording to the prediction of tractica, the analysis organization, the global enterprise blockchain market will reach US $20.3 billion by 2025
key node of technology and standard promotion
compared with other underlying technologies, blockchain has also experienced a relatively tortuous development process, and there is still a way to go in terms of integration with multiple technologies and setting of its own standards
Zhang Xiaojun, head of Huawei's blockchain, pointed out in his speech at the conference that today's blockchain technology is more like the development stage of the Internet from 2002 to 2003. If the relevant standards of blockchain can be mature in 2020, including cross chain standards, storage standards and standard data format storage, large-scale commercial use will be accelerated in 2021
China's blockchain instry is still in its infancy, but with the continuous support of national policies, the continuous progress of instry technology and the increasing demand of downstream applications, China's blockchain instry is expected to continue to maintain high-speed growth. In 2011, the market scale of China's blockchain instry was less than 6 million yuan. By 2018, the market scale of China's blockchain instry has grown to 67 million yuan, maintaining a rapid growth rate of more than 80%. It is estimated that in 2022, driven by policy support and downstream demand, the market scale of China's blockchain instry is expected to exceed 450 million yuan
market size statistics and growth forecast of China's blockchain instry from 2015 to 2022 Zhu Youping pointed out to the reporter of the 21st century economic report that with the technical blessing of 5g and even future quantum computing, these weaknesses will be quickly made up
for more data sources and analysis, please refer to the in depth analysis report on business model innovation and investment opportunities of China's blockchain instry published by foresight Instry Research Institute. Meanwhile, foresight Instry Research Institute also provides instrial big data, instrial planning, instrial declaration, instrial park planning, instrial investment promotion and other solutions
1) the life cycle of blockchain instry. By analyzing the market growth rate, demand growth rate, proct variety, number of competitors, entry and exit barriers, technological change, user purchase behavior of the blockchain instry, we can judge the development stage of the instry
2) supply and demand balance of blockchain instry market. By analyzing the supply, demand and import and export situation of the blockchain instry, we can judge the supply and demand balance of the instry, in order to grasp the saturation degree of the instry market
3) competition pattern of blockchain instry. Through the analysis of the bargaining power of suppliers, buyers, potential competitors, substitutes and competitors in the blockchain instry, we can master the five forces that determine the profit level of the instry
4) economic operation of blockchain instry. It mainly includes data analysis, including the number of competitive enterprises, number of employees, total instrial output value, sales output value, export value, finished procts, sales revenue, total profit, assets, liabilities, instry growth ability, profitability, solvency and operation ability
5) the main competitive enterprises in the blockchain instry. Including procts, business status (BCG), financial status, competitive strategy, market share, competitiveness (SWOT analysis), etc
6) investment and financing and M & A analysis. Including investment and financing project analysis, M & A analysis, investment region, investment return, investment structure, etc
7) blockchain instry marketing. Including marketing concept, marketing mode, marketing strategy, channel structure, proct strategy, etc
the Xueshuo innovation blockchain Technology Workstation of Lianqiao ecation online is the only approved "blockchain Technology Specialty" pilot workstation of "smart learning workshop 2020 Xueshuo innovation workstation" launched by the school planning, construction and development center of the Ministry of ecation of China. Based on providing diversified growth paths for students, the professional station promotes the reform of the training mode of the combination of professional degree research, proction, learning and research, and constructs the applied and compound talent training system.
The sudden epidemic situation has pressed the "pause" button for many instries, but science and technology is the most effective means to fight against disasters. Blockchain technology has realized the combination with finance, logistics, supply chain, government affairs, public welfare, urban management and other application fields. At the same time, e to the imperfect development of technology, the role of blockchain in the prevention and control of the epidemic is very limited, so we need to explore deeper scenario applications
from the survey data, the main application directions of instrial blockchain in the post epidemic period include: traceability, financial (including insurance) supervision, collaborative sharing. Deposit certificate, digitization, credit investigation, digital asset transaction, etc
in the main application direction of instrial blockchain in the post epidemic period, more than 70% of enterprises choose traceability and financial (including insurance) supervision, in addition to collaborative sharing and certificate deposit. Digital also has more than 60% of the enterprise choice, compared with the low choice rate of credit reference and digital asset transaction, in which the choice rate of digital asset transaction is less than 50%, only 48%
to avoid risks and promote the healthy development of instrial blockchain
as an emerging technology development direction and instrial development field, blockchain has been widely concerned. The application of instrial blockchain is accelerating, which is mainly reflected in two aspects:
first, in the past, open source systems were represented in technology, and most of them were open source projects oriented to consumers, but now many projects oriented to instry and enterprise characteristics have been added; At the same time, more and more enterprises such as Internet giants and high-tech enterprises begin to enter this field, indicating that the era of instrial blockchain has come
secondly, the emergence of blockchain reces the threshold of trust and the cost of realization, enabling some financial and trade scenarios that could not be realized before to be realized. In this way, some new financial forms can be derived, providing more space for financial innovation
although the application of instrial blockchain is speeding up, it is still in an early stage of development. This is mainly reflected in the fact that blockchain technology alone can not fully solve the trust problems and information island problems between entities, and the emergence of blockchain technology also puts forward new problems for the current law and regulation
because of its decentralized and difficult to tamper with characteristics, blockchain has become a comprehensive subject driven by technology and deeply affecting economy, finance, society, organizational form and governance. In addition, blockchain technology is not yet fully mature in system stability, application security, business model and other aspects, which puts forward requirements for privacy protection and storage capacity of data on the chain
it should be noted that the current blockchain instry has been involved in many technical fields such as it, communication, security, cryptography and so on. What it needs is a kind of compound talents, which poses new challenges to personnel training and school ecation
the short-term impact of blockchain should be treated calmly to avoid overestimation. At the same time, it is necessary to further strengthen laws and regulations and supervision to avoid the possible risks of blockchain technology, so as to promote the healthy development of instrial blockchain
- for more data sources and analysis, please refer to the analysis report on China's blockchain instry market outlook and investment strategic planning of foresight Instry Research Institute
for a single (domestic) central bank, bitcoin can be regarded as a "foreign exchange currency", and bitcoin will not be affected by the central bank's monetary policy. From this perspective, bitcoin is bound to bring about the so-called currency competition. When American tourists travel abroad, they will encounter the experience of exchanging foreign currency with unofficial exchange rate. The original intention of local people to exchange dollars may be to avoid the impact of high inflation (inflation tax)
if this kind of exchange can be "carried forward and widely used", the government's way of using inflation tax to increase fiscal revenue will be limited, and the traditional foreign exchange control will lose considerable effect. As long as there is Internet or telephone, people can use digital currency as the exchange medium<
challenge global currency status
although bitcoin is unlikely to replace the world's major currencies in the short term, bitcoin still has the opportunity to play a leading role in some specific occasions. The status of US dollar is obvious in many countries in the world, but the liabilities created by foreign banks under US dollar denominated deposits have brought jurisdiction problems. If the Bank of America further provides bitcoin denominated loans and accepts the redemption of bitcoin, what should the regulatory authorities do? In fact, there are similar signs in the euro dollar market today
in other words, at a time of financial crisis, if the market wants bitcoin deposits instead of US dollar deposits, then the central bank's status as "lender of last resort" in the traditional sense will be completely lost
acting as a safe haven asset
a safe haven asset does not mean a risk-free asset, but refers to the asset that investors are willing to pour in at a time of crisis. In the 1970s, real estate was a safe haven asset; In the 21st century, American debt has become a safe haven asset. Can bitcoin become the next key safe haven asset? The answer may be yes or no. But looking back on the dominant position of CUF in Hungary's mortgage loans in the time of the euro zone crisis, bitcoin obviously has a chance to become famous in the first World War: under the background of dollar inflation and bitcoin deflation, the US dollar / bitcoin exchange rate will plummet because the US Federal Reserve can't expand the supply of bitcoin
play the role of securities
in a perfect macroeconomic model, securities trading should be seamless. However, under the influence of monetary policy, the liquidity of OTC transactions of bonds is very poor. Even the ten-year US bonds with the best liquidity have had liquidity problems. Demand for good quality collateral, usually treasury bonds, has soared. If blockchain technology is mature enough, it is likely to bring billions of dollars of collateral supply to the market. Of course, lower demand for treasury bonds may lead to higher interest rates
maintain the stability of financial market
there is a view that the use of blockchain will lead to the withdrawal of global central banks from the stage of history. This possibility naturally exists, but in the short term, it is not too realistic - the central bank needs a lot of hard assets, such as real estate and human capital, to find liquidity carriers / media to completely retreat from the background
there is also a view that blockchain technology will make the financial market completely transparent, thus bringing a more robust financial system. However, it should be pointed out that the mainstream diamond and davige bank squeeze model does not rely on the opacity of the financial market. In theory, the bank's portfolio is completely transparent. But even so, unexpected large-scale redemptions can still cause problems in the financial system
the central bank's digital currency / cash
the current currency and payment structure were formed before the birth of the Internet. The world has changed dramatically, so people must learn to adapt. There is no reason to refuse the possibility of central banks providing digital currency. Before bitcoin, the U.S. Treasury provided online digital bond accounts. Although this kind of account is not used for payment system, it can be applied in theory
the digital account of the central bank has many advantages. First, depositors no longer need deposit insurance because there is no default risk in the central bank; Second, money managers who hold a lot of money can choose the central bank account as overnight deposit instead of shadow banking; Third, the cost of paper money supply will be completely eliminated; Fourth, it will be very convenient for the central bank to pay depositors' interest to facilitate the transmission of the central bank's monetary policy
practical application
Bubi blockchain has made a number of breakthroughs in the technical platform, which can meet the scenario of tens of millions of users, and has the ability to quickly build the upper application business. Bubi blockchain has been applied in equity, supply chain, points and other fields, and is concting experiments and application tests with exchanges and banks. As an integral application on Bubi blockchain platform, Shubei Hebao has been launched recently. Sunshine insurance, as the first large financial institution in China, issues blockchain integral (yangguangbei) on this platform, which is a good example for the landing application of blockchain technology in various instries
blockchain technology will have a profound impact on the financial instry and have an important impact in a long time. People will witness the profound changes in reality one by one.