Blockchain medical Finance

1. Of course, this is OK
first of all, blockchain is actually a centralized database or a decentralized database, and all technical units are for better maintenance of the public database. Each node keeps a of data independently. Consensus algorithm is used to achieve the data consistency of the node's account book, and cryptographic algorithm is used to ensure the data can not be tampered, and the data can not be tampered and the security of data sending and receiving; Through the script system, the expression scope of account data is expanded
secondly, financial sharing center involves a large amount of financial data. We can combine the technical characteristics of blockchain with Financial Sharing Center. Next, I will combine the technical characteristics of blockchain with Financial Sharing Center
① distributed storage is a distributed database of the blockchain, and each node keeps a of the data independently. If this is combined with the Financial Sharing Center, The users who can join the "financial data on the chain" in the financial sharing chain are equivalent to the "nodes" in the blockchain network, and each user can keep a of the financial data separately, so as to achieve the purpose of sharing
② tampering is not allowed. A very important feature of blockchain technology is that the data cannot be tampered, To ensure the security of a data in the Financial Sharing Center, we need to consider the security as long as the financial data is involved.
of course, before doing the Financial Sharing Center, you must determine your specific needs, if necessary, first write a framework of the whole project, and then find a formal blockchain development team according to the needs, To help you develop this "Financial Sharing Center", we must pay attention to that before formal cooperation is reached, don't disclose the information of your project casually, in order to prevent the same kind from being copied.

2. With the emergence of cryptocurrencies such as bitcoin, this time tested financial framework is likely to be changed. With the power of blockchain and the rise of this new data based currency, the whole concept of money has been reversed. Although our current understanding of money has changed over the past few decades, thanks to credit cards and fiat money, cryptocurrency is the logical next step in this evolution
this is understandable for accountants, but what does it mean for entrepreneurs? Well, anyone interested in starting or maintaining a successful business will need a competent accounting team. With the change of financial environment, the experience and insight that business accountants need will also change. Understanding this coming paradigm shift can better help entrepreneurs prove their organization in the future, and may even help them save money on business expenses related to accounting
overview of bitcoin modern accounting
the current financial paradigm regards bitcoin, Ethernet and all other cryptocurrencies as assets. In the United States, for example, any form of cryptocurrency is considered property, not money. Although the IRS recognizes that bitcoin can be used as a "medium of exchange", bitcoin is not classified as currency because it usually has the function of "unit of account and value storage space"
as a result of this classification, changes in the value and quantity of cryptocurrencies are taxed as capital gains or losses. mining or buying a lot of bitcoin will lead to capital increase, which will make bitcoin subject to capital gains tax. The same is true for trading or selling cryptocurrency, as these events are treated as taxable capital gains and losses. Therefore, the accounting treatment of the holding amount of the comparative currency or other high-end stocks is roughly the same as that of other forms of equity (such as real estate or stocks)
forecast of bitcoin and accounting in the future
e to the legitimacy of blockchain and cryptocurrency in the financial sector, the accounting nature of bitcoin and other advanced currencies will also change. Although many potential changes are too far away to be accurately predicted, one aspect of accounting is bound to change dramatically, which will inevitably affect all entrepreneurs and business organizations. This aspect refers to audit
here's how blockchain and cryptocurrency are used to brutally disrupt the audit process, and what it means for companies that employ auditors? Because bitcoin is currently classified as the property that must pay capital gains tax, the audit method of its value is called immediate forensics analysis. However, the immediate verifiability of blockchain technology makes this audit method obsolete

when you track these changes and developments, please discuss with your organization's accountant or financial advisor. They can help you understand the further meaning of these events; In some cases, they can even show you what actions you can take to deal with these events, so as to increase your profits, rece your costs, and open up a new development path for your enterprise
on the other hand, if your accountants and auditors are at a loss about your research, consider updating your finance team.

3. Blockchain is a technical solution to collectively maintain a reliable database through centralization and distrust. This technical solution allows any number of nodes in the participating system to calculate and record all the information exchange data in the system in a period of time to a data block through cryptography algorithm, and generate the fingerprint of the data block for linking the next data block and checking. All participating nodes in the system jointly determine whether the record is true
blockchain can improve the way of data recording in audit. In the current network audit, although there is an early warning mechanism, it still needs auditors to judge and handle the abnormal records manually; Blockchain can automatically process the abnormal records through whether each node verifies and approves the block and the transaction information in it, whether the network node is attacked, and whether the account book of each node is complete, so as to make real-time audit possible. Auditors can directly access and query the effective information on the blockchain, judge whether the processing is reasonable and make corrections. In the blockchain, timestamps are used to record various transactions and operations, which can achieve historical traceability and tracking, and greatly improve the quality and efficiency of audit
blockchain can change the storage mode of audit data. In traditional audit, data are stored in an audit center server, which not only has the problems of high load and slow running speed, but also is vulnerable to attack; The blockchain audit system is a typical distributed storage, each node has the same backup, which can not only save the high cost and maintenance costs of the server, but also ensure the integrity of the data
semi public private chain can be used for audit. Blockchain can be divided into three forms: public chain, semi open private chain and full private chain. Considering the characteristics of audit instry, it is appropriate to adopt semi open private chain mode. For the audited units and enterprises, some trade secret information is not disclosed, but the pre selected nodes within the group decide the generation of the block. External suppliers can participate in the transaction but not the accounting process. Externally, it provides a third-party query node to query through the open API. In this way, it can not only ensure the internal privacy of the enterprise, but also enable the external auditors to implement real-time audit query.

4. Instry application of Newton
1) Chain retail: under the corporate organizational structure, capital gains have far exceeded labor gains. With the development of computer and Internet, a new generation of giant retail institutions accelerate the accumulation of wealth to capital. Chain business is the basic business model of human-computer community, and any behavior that has a positive contribution to human-computer community will be encouraged. The application of chain business model in the retail instry is concive to recing transaction costs, protecting consumer privacy and promoting intelligent cooperation
newmall: in the online mall of newmall, because there is no profitable commercial intermediary, the transaction cost of the seller will be greatly reced, and consumers, service providers and other participants can get the incentive of Newton's pass according to the contribution value (newforce)
new digital asset management: as a new digital asset of users, consumption data can be managed through tools such as newpay. Users really own the data, carry out authorization control, pricing and charging, and eliminate the data disclosure without knowledge
targeted advertising: users can set whether to accept marketing, as well as the required information type and price range through newpay and other tools. Advertisers set marketing plans through various marketing smart contract templates built into the system, including target users, incentive mode, settlement method, dynamic price adjustment rules, etc. Advertisers can accurately put in advertisements, make point-to-point settlement with users, and eliminate advertising fraud< br />2 Payment: the current payment cost is high, the efficiency is low, and the flexibility is poor. Through blockchain and other technologies, we can build a new generation of transaction and payment system. Internet of things devices based on newiot technology can access newchain at a very low cost. Smart contracts can be established between devices to realize automatic settlement and payment, meeting the high-frequency requirements in this scenario
Global Payment: through the global distribution of newchain infrastructure and newpay payment tools, cross-border transactions are simple and convenient, and the cost is extremely low
3) supply chain: goods are usually delivered to consumers through logistics, warehousing, customs clearance, sales and many other links. When there is after-sales service, there will be a corresponding reverse process. The current supply chain is basically opaque, and it is difficult for consumers to confirm the origin and circulation information of goods. For some instries, such as food, medicine and luxury goods, this is a big problem. Therefore, a transparent and credible supply chain system for all stakeholders is very important
through the combination of atomic hash, newiot, newchain and other technologies, the supply chain system will be credible, open and transparent, and generate more business innovation
4) self financing: the traditional financial service system has the characteristics of heavy workload, long cycle, high cost and poor flexibility, which is usually difficult to serve small and medium-sized enterprises and indivials. Through digital identity and credit, a new self financing system can be established
enterprise and indivial credit: enterprises and indivials establish a consistent credit system based on newid. Only after authorization, can a third party obtain credit records
Asset Securitization: through the smart contract template, financial organizations can create financial procts without human participation. Through the relevant token tools based on newchain, all kinds of assets can be easily valued or transformed into token on the chain
5) gaming: by combining with blockchain technology, a new game experience can be created: users are both players and rule participants, and virtual game assets are owned by users
automatic transaction of virtual game assets: through the cross chain and Oracle technology provided by newchain, the virtual items in various games can be easily recorded on the blockchain, and the automatic transaction can be realized
game with transparent rules: game developers can easily establish algorithm transparent game logic through newchain related smart contract tools to improve the fairness and transparency of the game
6) agriculture: Currently, there are many problems in agriculture, such as incomplete data and low degree of automation. Block chain combined with Internet of things technology can automatically collect, store and analyze proction data, save the high maintenance cost of centralized management system, rece the later maintenance cost, and help to improve the intelligent and large-scale level of agriculture
traceability of agricultural procts: by introcing the Internet of things equipment compatible with newiot standard into the process of agricultural means circulation, agricultural proction and agricultural procts sales, the safety and efficiency of the whole process of agricultural proction can be improved. Due to the non tampering characteristics of proction data, it can be widely used in scientific research and anti-counterfeiting purposes
intelligent planting: through the Internet of things sensor compatible with newiot standard, it can realize the all-weather monitoring of the planting environment and crop growth. Combined with newai, it can make intelligent decisions on the monitoring results, and build a complete set of intelligent planting system, which can discover risks in time, stabilize proction and increase income
7) public welfare: with its characteristics of decentralization, high transparency and tamper proof information, blockchain technology naturally meets the needs of the public welfare field. Public welfare organizations can store the whole process information from fund-raising, project progress, use of donation and feedback from recipients on newchain for the convenience of donors and the public< Public welfare audit: public welfare activities need public welfare audit to improve efficiency and maintain trust. Through newchain, newid and other technologies and agreements, every donation will be traceable. Public welfare institutions can track the later situation of the relief objects through relevant tools, which helps to enhance the fairness and transparency of public welfare
wildlife protection: using newiot technology, the data of rare wildlife resources can be recorded on newchain, so as to track the location, body index, etc. of each specific animal, providing key information help for migration scientific research tracking, combating poaching and trafficking.

5. From my understanding, blockchain is a kind of "consensus" implementation technology. Through blockchain, all transactions between the Internet can be recorded, which can be witnessed by users of blockchain to achieve "consensus", and the information content on the chain "cannot be tampered with". This "non tamperability" increases the cost of malicious tampering through the existence of multiple copies in the system. In the case of bitcoin, all the highlights in the figure below represent a consistent set of books. Therefore, when all the records are publicized, the problem of "two tables are not measurable" in real life is solved. The reason why the two tables can't be measured is that there is no center and the values of the two tables are different. But the center is not necessary. When there are multiple tables, and the majority pointer points to a time, the minority is subordinate to the majority, the viewer will know. Therefore, a problem to be solved by blockchain is that "the minority is subordinate to the majority". The existence of the minority may be the error of data generation or malicious tampering content. That is to say, if you want to tamper successfully, you must change 51% of the copies in the system [that is, 51% attacks], from a few to a majority. It can be imagined that the cost of tampering is huge in terms of technical difficulty, time consumption and personnel use. At the same time, another key combination of blockchain is the combination with smart contract. Because the former has achieved the "original" of the contract content, the latter has become the "Observer" to execute the contract by machine, which has eliminated the breach of contract and interruption of execution. From the earliest payment to the high development of financial derivatives, financial activities are all behind the signing and execution of contracts. At the same time, the vast majority of financial innovation is to ensure the implementation of the contract and default payment. If the signing of the contract becomes flat and implemented, the whole process will be more concise and efficient, which is a premise that blockchain will be valued by the financial sector.

6. Blockchain uses "algorithm proof mechanism" to ensure this trust
jinwowo Group believes that with this trust, all nodes in the whole system can exchange data automatically and safely in a trusted environment
compared with other time-consuming and expensive tool technologies, it can automatically match and enforce in real time at a low cost. 11 "intelligent trust" brought by blockchain Technology

7. Blockchain is an effective way to enhance the authenticity and reliability of financial information.

8. In the past two years, blockchain has never been known to the public, and has gained more and more people's attention. It is even becoming a hot emerging field. In fact, it has profound internal logic. However, except for a few companies or research institutions that have invested in it, most people's understanding of blockchain is still in the conceptual stage. They may know some features or technical terms, but they don't really know what it is. As a general technology, blockchain technology can really play the driving force, value and influence of technological innovation only by accelerating its penetration into other fields and integrating with all walks of life. At the present stage, mining high-quality projects has become the only way out of the long night for the whole instry< At present, the digitization level of medical and health field is still in the middle and lower levels, the information circulation is difficult, and hospitals are isolated from each other, which directly affects the efficiency and accuracy of hospital (related service institutions) to query patient data (cases, etc.), and leads to frequent disputes between patients and service institutions. Therefore, digitalization of the whole instry is imperative. At the same time, in the digital part, data security and privacy has become a new problem
these existing pain points can be solved from the root through Mac
the generation mode of blocks and the storage mode of data determine that the data stored on the multi source chain has the characteristics of integrity, non tampering, traceability, privacy protection and time order. These characteristics make the multi source chain have natural advantages in the complex, huge and numerous medical fields
the application of blockchain in the field of healthcare
in the field of healthcare, there are many use cases of blockchain technology, but let's focus on the most promising use cases:

1 health data
as patients move in different medical fields and systems, creating usable and highly complete health records is a big challenge in the field of healthcare. Blockchain may help by creating a reliable data source to track changes between systems and solve many problems related to data integration between private systems. In other words, blockchain can be the glue to integrate highly dispersed medical records
however, this quickly raises the most important non-technical question of blockchain: if a distributed ledger is the source of authority, who "owns" the right to access the part of the blockchain that "you" own? For patients, blockchain makes sense. It will give them more control over their data, because they (theoretically) hold the key to their data
2 medical privacy
in fact, we have all met the problems of personal privacy and data leakage, for example, when we just went to the hospital last week, we would immediately receive a lot of telephone harassment, all kinds of registered, drug sellers and so on
medical data is directly related to our life, health and personal property, so its privacy, security and accuracy are particularly important. But at present, the whole medical system is facing the problem of data sharing across platforms. Blockchain technology can help us better protect, circulate and use these very important data. Duoyuan chain is an active practitioner, trying to boost the transformation and upgrading of traditional medical instry with the potential of technology
specifically, multi source chain uses the characteristics of blockchain technology, such as decentralization, smart contract, tamper proof and information transparency, and combines with n medical resource providers to realize the functions of medical traceability, real-time tracking of data on the chain, resource circulation, etc., which can effectively solve the current situation of medical instry pain points and patients' difficulty in seeing a doctor
3 revenue cycle, reconciliation and fraud
the biggest cost burden lurking in the U.S. healthcare system is continuous tracking services and capital flows: the huge complexity and the distributed nature of our health system mean that it costs billions of dollars a year to try to understand which patients receive which services and which providers provide them. Disputes inevitably arise, and both the insurance instry and health care providers spend a lot of extra time and money to resolve them
e to its independent architecture, blockchain may become the foundation of high integrity tracking function, which can be updated in a near instant manner. This means fewer mistakes (including financial and patient care) and a significant rection in fraud. Given the scale of the field, this may generate enough interest to attract investment to help address these complex technical challenges. To solve the problems of fake drugs, high drug prices, excessive medical treatment, excessive drug use and so on
Application of blockchain in the field of life sciences
the direction of pharmaceutical / Biotechnology R & D is cross organization cooperation, sharing resources among companies, government agencies and research institutions, which is the core of its development. But agencies are often reluctant to share data because they are worried about data theft. Blockchain provides a possibility to hard code trust into the process of collaborative R & D in a magical way. More trust means more cooperation, which in turn increases proctivity
by exploring the impact of blockchain on indivials, the rise of personal genomics means that patients with gene sequences can control their own genome authorization in a way that was previously impossible. Therapeutic research is increasingly focused on genomic information mining. As an important potential technology for obtaining permission to enter indivial anonymous gene sequences, blockchain can give patients more rights, and it may soon become the mainstream technology
in addition, the opportunities of supply chain technology in network security, supply chain management, Internet of things data management and precision medicine of hospitals and pharmaceutical companies are also showing signs of rising
the digitalized medical resources have become "biomedical digital assets", which have strong liquidity, transparency and visibility. Blockchain is not only the infrastructure of the future digital economic society, but also an important magic weapon for the digital transformation of various instries. Embracing blockchain means embracing the future. Speed is the future, and mat multi chain is always on the way.