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Credit insurance financing on blockchain platform
Publish: 2021-04-25 03:52:07
1. In many cases of blockchain commercial application, we can always see the word baas. Baas is the abbreviation of blockchain as a service, which is translated into "blockchain as a service" in Chinese. So what is blockchain as a service baas? With this question, we will follow Xiao Wang of Renren blockchain technology team to discuss it carefully
according to Xiao Wang, the concept of blockchain as a service (baas) is mainly proposed by Microsoft and IBM. To put it bluntly, it is actually a new type of cloud service, a cloud service combined with blockchain technology. For example, Microsoft's azure cloud computing platform and IBM's bluemix garage cloud platform all provide blockchain as a service baas
blockchain as a service (baas) is a space created by enterprises such as Microsoft and IBM from their own cloud service network to run a blockchain node. Compared with ordinary nodes and exchange nodes, the main purpose of baas nodes is to quickly establish the development environment they need, and provide a series of operation services based on blockchain, such as search query, transaction submission, data analysis, etc. these services can be centralized or decentralized to help developers verify their concepts and models faster. The service of baas node is reflected in: it is more instrumental and easy to create, deploy, run and monitor blockchain.
according to Xiao Wang, the concept of blockchain as a service (baas) is mainly proposed by Microsoft and IBM. To put it bluntly, it is actually a new type of cloud service, a cloud service combined with blockchain technology. For example, Microsoft's azure cloud computing platform and IBM's bluemix garage cloud platform all provide blockchain as a service baas
blockchain as a service (baas) is a space created by enterprises such as Microsoft and IBM from their own cloud service network to run a blockchain node. Compared with ordinary nodes and exchange nodes, the main purpose of baas nodes is to quickly establish the development environment they need, and provide a series of operation services based on blockchain, such as search query, transaction submission, data analysis, etc. these services can be centralized or decentralized to help developers verify their concepts and models faster. The service of baas node is reflected in: it is more instrumental and easy to create, deploy, run and monitor blockchain.
2. Blockchain has developed in five stages
1. Germination stage: the real germination stage of blockchain was from 2007 to 2009. In 2008, a Japanese American with the pseudonym of Nakamoto first expounded a new fantasy report on electronic money in the form of a synonym on the cryptography discussion group, and bitcoin came out. As early as 2007, Nakamoto began to explore a series of new technologies to create a new currency. On October 31, 2008, bitcoin white paper was released, and on January 3, 2009, bitcoin system officially began to operate
the main technologies supporting bitcoin system include hash function, distributed ledger, blockchain and asymmetric encryption; It can be seen that these technologies build the initial version of the blockchain, and it can also be said that the blockchain is the underlying technology of bitcoin. During the three years from 2007 to 2009, bitcoin was an experimental stage in which a very small number of people participated, and the real commercial activities had not really started
2. "Geek" niche stage: here, "geek" refers to people who are crazy about Internet technology and take technological innovation as fashion and life. On February 6, 2010, the first exchange of bitcoin appeared. On May 22 of the same year, someone bought two hamburgers with 10000 bitcoins. On July 17 of the same year, the exchange Mt. GOx was established, marking the official inflow of bitcoin into the market. Nevertheless, the only people who can really understand and enter the market to participate in bitcoin trading are geeks who are keen on Internet technology. They discuss bitcoin technology on the forum, mine for bitcoin on their own computers, and then buy and sell bitcoin on Mt. GOx. Now these geeks have become billionaires
3. Market brewing stage: the price of bitcoin was $13 at the beginning of 2013, but on March 18 of the same year, the government of Cyprus closed the bank and stock market e to the financial crisis, which made the price of bitcoin soar, and the highest price rose to $266 in April. On August 20 of the same year, the German government confirmed the currency status of bitcoin. On October 14, China network announced the opening of bitcoin payment channel. In November, the US Senate hearing also confirmed the legitimacy of bitcoin. On November 19, the price of bitcoin rose to US $1242, forming a new high. Nevertheless, the foundation for blockchain to enter the mainstream social economy is not yet available, and the soaring price of bitcoin is only e to over optimistic expectations. The containment of China's banking system, the collapse of Mt. GOx and other events made the price of bitcoin continue to fall. At the beginning of 2015, the price of bitcoin has dropped below $200. From 2013 to the beginning of 2015, the public began to understand bitcoin and blockchain
4. The mainstream period of blockchain: on June 23, 2016, the United Kingdom left the European Union, the fifth nuclear test of North Korea in September, Trump's election in November and other events, the uncertainty of the world's mainstream economy led to the recovery of bitcoin with the function of risk aversion. The market demand was large, and the increase of trading volume made the price of bitcoin soar from $400 in 2016 to $20000 in 2017, The wealth effect of bitcoin and the transaction overflow caused by network congestion of bitcoin have led to the outbreak of other series of virtual currencies, as well as a variety of blockchain applications, resulting in the emergence of a large number of blockchain assets that are 100 times, even 1000 times and 10000 times, which has aroused the crazy pursuit of the world, Subsequently, the Chicago Mercantile Exchange launched bitcoin futures trading, marking that bitcoin has officially entered the mainstream investment proct series, and bitcoin and blockchain have entered the global attention
5. Instry landing stage: after the market frenzy in 2017, the virtual currency and blockchain have been adjusted in terms of market, supervision, cognition, etc. in 2018, returning to rationality. In 2017, many blockchain projects that follow the blockchain technology will graally die out with the cooling of the market, and the projects with real blockchain applications will be initially implemented. 2018 is not only the first year of the blockchain, but also a gold rush period for the blockchain. After the waves wash away the sand, what remains is relatively good gold
from the perspective of the history of blockchain development, blockchain technology is not yet mature and is currently in the growth period. The specific practical application of blockchain is only used in the financial field. It still needs a long way to go to apply blockchain from other instries. However, we should grasp the trend of blockchain and actively learn from the new field of blockchain.
1. Germination stage: the real germination stage of blockchain was from 2007 to 2009. In 2008, a Japanese American with the pseudonym of Nakamoto first expounded a new fantasy report on electronic money in the form of a synonym on the cryptography discussion group, and bitcoin came out. As early as 2007, Nakamoto began to explore a series of new technologies to create a new currency. On October 31, 2008, bitcoin white paper was released, and on January 3, 2009, bitcoin system officially began to operate
the main technologies supporting bitcoin system include hash function, distributed ledger, blockchain and asymmetric encryption; It can be seen that these technologies build the initial version of the blockchain, and it can also be said that the blockchain is the underlying technology of bitcoin. During the three years from 2007 to 2009, bitcoin was an experimental stage in which a very small number of people participated, and the real commercial activities had not really started
2. "Geek" niche stage: here, "geek" refers to people who are crazy about Internet technology and take technological innovation as fashion and life. On February 6, 2010, the first exchange of bitcoin appeared. On May 22 of the same year, someone bought two hamburgers with 10000 bitcoins. On July 17 of the same year, the exchange Mt. GOx was established, marking the official inflow of bitcoin into the market. Nevertheless, the only people who can really understand and enter the market to participate in bitcoin trading are geeks who are keen on Internet technology. They discuss bitcoin technology on the forum, mine for bitcoin on their own computers, and then buy and sell bitcoin on Mt. GOx. Now these geeks have become billionaires
3. Market brewing stage: the price of bitcoin was $13 at the beginning of 2013, but on March 18 of the same year, the government of Cyprus closed the bank and stock market e to the financial crisis, which made the price of bitcoin soar, and the highest price rose to $266 in April. On August 20 of the same year, the German government confirmed the currency status of bitcoin. On October 14, China network announced the opening of bitcoin payment channel. In November, the US Senate hearing also confirmed the legitimacy of bitcoin. On November 19, the price of bitcoin rose to US $1242, forming a new high. Nevertheless, the foundation for blockchain to enter the mainstream social economy is not yet available, and the soaring price of bitcoin is only e to over optimistic expectations. The containment of China's banking system, the collapse of Mt. GOx and other events made the price of bitcoin continue to fall. At the beginning of 2015, the price of bitcoin has dropped below $200. From 2013 to the beginning of 2015, the public began to understand bitcoin and blockchain
4. The mainstream period of blockchain: on June 23, 2016, the United Kingdom left the European Union, the fifth nuclear test of North Korea in September, Trump's election in November and other events, the uncertainty of the world's mainstream economy led to the recovery of bitcoin with the function of risk aversion. The market demand was large, and the increase of trading volume made the price of bitcoin soar from $400 in 2016 to $20000 in 2017, The wealth effect of bitcoin and the transaction overflow caused by network congestion of bitcoin have led to the outbreak of other series of virtual currencies, as well as a variety of blockchain applications, resulting in the emergence of a large number of blockchain assets that are 100 times, even 1000 times and 10000 times, which has aroused the crazy pursuit of the world, Subsequently, the Chicago Mercantile Exchange launched bitcoin futures trading, marking that bitcoin has officially entered the mainstream investment proct series, and bitcoin and blockchain have entered the global attention
5. Instry landing stage: after the market frenzy in 2017, the virtual currency and blockchain have been adjusted in terms of market, supervision, cognition, etc. in 2018, returning to rationality. In 2017, many blockchain projects that follow the blockchain technology will graally die out with the cooling of the market, and the projects with real blockchain applications will be initially implemented. 2018 is not only the first year of the blockchain, but also a gold rush period for the blockchain. After the waves wash away the sand, what remains is relatively good gold
from the perspective of the history of blockchain development, blockchain technology is not yet mature and is currently in the growth period. The specific practical application of blockchain is only used in the financial field. It still needs a long way to go to apply blockchain from other instries. However, we should grasp the trend of blockchain and actively learn from the new field of blockchain.
3.
Blockchain apps include: Netease star base, digital chain app, chain to finance, time forest blockchain trading platform, blockchain e-wallet, ostrich blockchain, GXS wallet, coin bag wallet and ordered wallet
fifthly, Youling wallet
Youling app creates a personal centered value exchange network and ecology, and creates a decentralized national interactive entertainment and blockchain new economic platform
Youling app adopts the decentralized open mode, allowing indivials (third-party developers) to develop all kinds of applications based on Youling open platform, and each user can freely choose the application to build his own home page, including but not limited to: souvenirs, live broadcast, sharing, community, service sale, commodity sale
4. Financial management is risky and investment should be cautious
5. The development of blockchain financial trading platform includes:
cross border payment, supply chain finance, insurance, digital bill, asset securitization, bank credit reference and other fields
① cross border payment. Due to the characteristics of disintermediation of blockchain, openness, transparency and non tampering of transactions, no third-party payment institutions join in, which shortens the payment cycle, reces costs and increases the transparency of transactions< (2) digital bill. Blockchain has the characteristics of disintermediation, system stability, consensus mechanism and tamper proof, which can rece the operational risk, market risk and moral risk in the traditional centralized system< (3) credit management. In the field of credit investigation, blockchain has the characteristics of decentralization, distrust, timestamp, asymmetric encryption and smart contract, which ensures that limited and controllable credit data sharing and verification can be realized on the basis of effective protection of data privacy< (4) asset securitization. The characteristics of blockchain disintermediation, consensus mechanism and non tampering can increase the efficiency of data flow, rece costs, monitor the real situation of assets in real time, and ensure the trust of all parties in the transaction chain on the underlying assets< (5) supply chain finance. Due to the characteristics of disintermediation, consensus mechanism and non tampering of blockchain, it does not need a third-party credit enhancement agency to verify the authenticity of various relevant vouchers on the supply chain, so as to rece the financing cost and financing cycle< (6) insurance business. With the development of blockchain technology, personal health status, accident records and other information may be uploaded to the blockchain in the future, so that insurance companies can obtain risk information more timely and accurately when customers take out insurance, so as to rece underwriting costs and improve efficiency. The sharing transparency of blockchain reces the information asymmetry and the risk of adverse selection; The characteristics of its history can be traced, which is concive to recing the moral hazard, thus recing the difficulty and cost of insurance management.
cross border payment, supply chain finance, insurance, digital bill, asset securitization, bank credit reference and other fields
① cross border payment. Due to the characteristics of disintermediation of blockchain, openness, transparency and non tampering of transactions, no third-party payment institutions join in, which shortens the payment cycle, reces costs and increases the transparency of transactions< (2) digital bill. Blockchain has the characteristics of disintermediation, system stability, consensus mechanism and tamper proof, which can rece the operational risk, market risk and moral risk in the traditional centralized system< (3) credit management. In the field of credit investigation, blockchain has the characteristics of decentralization, distrust, timestamp, asymmetric encryption and smart contract, which ensures that limited and controllable credit data sharing and verification can be realized on the basis of effective protection of data privacy< (4) asset securitization. The characteristics of blockchain disintermediation, consensus mechanism and non tampering can increase the efficiency of data flow, rece costs, monitor the real situation of assets in real time, and ensure the trust of all parties in the transaction chain on the underlying assets< (5) supply chain finance. Due to the characteristics of disintermediation, consensus mechanism and non tampering of blockchain, it does not need a third-party credit enhancement agency to verify the authenticity of various relevant vouchers on the supply chain, so as to rece the financing cost and financing cycle< (6) insurance business. With the development of blockchain technology, personal health status, accident records and other information may be uploaded to the blockchain in the future, so that insurance companies can obtain risk information more timely and accurately when customers take out insurance, so as to rece underwriting costs and improve efficiency. The sharing transparency of blockchain reces the information asymmetry and the risk of adverse selection; The characteristics of its history can be traced, which is concive to recing the moral hazard, thus recing the difficulty and cost of insurance management.
6. GuoDun blockchain trading center is the world's most authoritative pilot unit of general points application issued by the Ministry of instry and information technology, and the pilot unit of Internet Finance issued by the Ministry of instry and information technology
7.
In the traditional supply chain finance, financing difficulty, high financing cost and cumbersome financing process have always been one of the bottlenecks restricting small and medium-sized enterprises to become bigger and stronger. Banks rely on the ability of core enterprises to control goods and regulate sales. For the sake of risk control, banks are only willing to provide factoring services to upstream suppliers (limited to first tier suppliers) with direct accounts payable obligations of core enterprises, or provide prepayment or inventory financing to their downstream distributors (first tier suppliers). As a result, the demand of secondary and tertiary suppliers / distributors with huge financing demand can not be met, the business volume of supply chain finance is limited, and the small and medium-sized enterprises can not get timely financing, which will easily lead to proct quality problems and damage the whole supply chain system
to solve these problems, we can make use of the characteristics of decentralized, tamper proof and distributed ledger of blockchain technology to build a blockchain supply chain financial platform
The core enterprise issues a / R certificate to the distributor. After the distributor signs the receipt, it indicates that it has signed the purchase and sales contract and the core enterprise delivers the goods Because of the shortage of funds, distributors need to borrow money from finance3. After the financial institutions have approved, the amount of loans will be sent to the core enterprises
The distributor will repay the loan and interest after selling the goods8. EBay insurance (EHS) face insurance. Now the blockchain project is too complicated and messy. Finally, there is a project with guaranteed security issued by Qing blue ocean Silicon Valley blockchain Instrial Park.
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