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Research on cross border payment of blockchain

Publish: 2021-04-25 05:53:24
1. It's a way to solve many formality problems. blockchain is decentralized and transparent. Now many payment channels are studying blockchain technology, maiteng
2. Nengdi
blockchain technology refers to a way for the whole people to participate in bookkeeping. There is a database behind all the systems. You can think of the database as a big ledger. At present, they keep their own accounts.
3. Xu Mingxing is optimistic about the application of blockchain in cross-border payment. Xu Mingxing thinks that blockchain technology will solve many problems in cross-border payment. Traditional cross-border payment needs to go through a number of financial institutions, such as remittance bank, central bank, agent bank, payee bank and so on. To solve cross-border payment based on blockchain technology will save any third-party intermediary link, achieve transaction settlement, and can complete payment very quickly.
4.

In fact, the application mode of blockchain cross-border payment is to use blockchain network to join traditional financial institutions, foreign exchange market makers and liquidity providers into the payment network and build a payment gateway. Through the payment gateway, the flow of digital assets on the blockchain can be connected with the legal currency in reality, so that the legal currency can be converted into digital assets on the blockchain, which is convenient for subsequent payment and transfer. Through the network connector in the blockchain payment network, we can connect traditional market makers, remittance agencies, remittance agencies and other institutions, abandon the intermediate transaction link, and realize point-to-point fast and low-cost payment

5. Imapp2.0 version of blockchain application center has been officially launched
imapp2.0 version of blockchain application center has been officially launched. Imapp is the world's first blockchain app store with universal dividends, which aims to create a super entrance to the blockchain instry and make it easier for users to use blockchain applications. The interface of imapp 2.0 is more concise and beautiful, the function adds news and DAPP, and the content enriches the guessing game. Through imapp, users can browse, forward, download, update and open the application to obtain imapp ecological token IA. The official imapp has reached a strategic cooperation with the bitcoin diamond foundation. Ecocard ia can exchange bitcoin diamond BCD at a certain proportion.
6. A brief review of the origin of blockchain
blockchain is the underlying system of distributed ledger in bitcoin. Bitcoin ledgers are built in a distributed and spontaneous way. Anyone can generate new currency blocks by performing specific cryptographic calculations, so as to obtain a digital "currency" that can be used for transactions. Bitcoin's impact on the world monetary system can be said to be subversive, which is also an important reason why it has attracted a lot of people's strong attention since it came out. After that, there were dozens of similar electronic currencies such as
"lightcoin". The abstract extraction of distributed digital currency technology from bitcoin forms a "blockchain" technology, which can be used in more fields
the basic idea of blockchain is to establish a network-based public ledger (data block), each block contains the information of a network transaction. All the participating users in the network work together to keep accounts and check accounts. All the data are open and transparent, and can be used to verify the effectiveness of the information. In this way, the authenticity and non tamperability of information can be guaranteed at the technical level without the central server as the trust intermediary
the significance of blockchain lies in "decentralization", which can fundamentally solve the fraud and rent-seeking phenomenon in value exchange and transfer by building a more reliable network system. With the popularization of blockchain technology, the digital economy will be more authentic, and the economic society will become more fair and transparent
not only digital currency, but also blockchain technology is infiltrating into more innovative fields.
virtual digital currency such as bitcoin is just an application scenario of blockchain technology. Theoretically speaking, based on the characteristics of blockchain technology, human beings can create a very rich form of services and procts, such as finance, government, enterprises, etc There are a large number of scenarios suitable for blockchain technology in cross instry and other fields, with broad prospects. At present, many countries around the world have started the research of blockchain technology, and a series of instry organizations and alliances have been established. However, as blockchain technology is a brand-new technology, which subverts the traditional centralized mode, major institutions are still in the research stage, with only a small number of actual projects landing, and the great development of the instry has just begun
now, blockchain economy is on the eve of outbreak. The exploration of financial instry is ahead of others, while the application of other instries is developing rapidly. The obvious advantage of blockchain instry application is to optimize business process, rece operation cost and improve collaborative efficiency. This advantage has been graally reflected in financial services, Internet of things, public services, social welfare and supply chain management
as the backbone of emerging technologies, blockchain is not only used in the field of virtual currency, but also in other fields such as finance, medical care, intellectual property certification, etc. a large number of excellent enterprises have emerged in China to explore or enter the blockchain instry. According to the in-depth analysis report on business model innovation and investment opportunities of blockchain instry released by foresight Instry Research Institute, as of the end of 2016, there were 105 blockchain related enterprises in China, 80% of which were concentrated in eastern coastal cities, including Shanghai, Hangzhou and Taipei
from the perspective of global blockchain technology application development, as of April 2017, financial service companies accounted for 55.43% of the 267 blockchain venture capital companies; From the perspective of the Chinese market, 34 of the top 50 blockchain venture capital companies in 2016 are involved in financial services, mainly in cross-border payment, bill discounting and financial service platform<
analysis of the development trend of blockchain
the combination of blockchain and cloud computing is more and more close, and baas is expected to become a public trust infrastructure
cloud computing is the general trend. We believe that the combination of blockchain and cloud is also an inevitable trend. There are two modes for the combination of blockchain and cloud, one is blockchain in the cloud, the other is blockchain in the cloud. The latter, namely baas, blockchain-as-a-service, refers to that the cloud service providers directly provide blockchain as a service to users. In the future, more and more cloud service enterprises will integrate blockchain technology into the ecological environment of cloud computing. By providing baas function, they can effectively rece the deployment cost of enterprise application blockchain and rece the initial threshold of innovation and entrepreneurship
the security problem of blockchain has become increasingly prominent, and security protection needs the overall consideration of technology and management
blockchain system is almost perfect mathematically, with the advantages of openness and transparency, difficult to tamper, reliable encryption, anti DDoS attack, etc. However, from the engineering point of view, its security is still restricted by infrastructure, system design, operation management, privacy protection and technology update iteration. In the future, we need to consider the overall situation of technology and management, strengthen basic research and overall protection, so as to ensure the application security
the competition of blockchain is becoming increasingly fierce, and patent competition has become an important field of competition
with the increase of participants, the competition of blockchain will become more and more fierce, and the competition is all-round, including technology, mode, patent and other dimensions. We believe that in the future, enterprises will strengthen the layout of blockchain patents. Since 2014, the number of blockchain patent applications has grown explosively. Blockchain patents are mainly distributed in the United States in North America, the United Kingdom in Europe, China and South Korea in Asia, and this pattern will be maintained in the future. The patent gap between China and the United States is narrowing, and the number of applications in China in 2016 has surpassed that in the United States. It can be predicted that the patent competition of blockchain will become increasingly fierce in the future
with the acceleration of domestic policy process, the development of the instry ushers in a new opportunity
blockchain has attracted attention from all walks of life e to its core advantages of high performance, high security, high-speed access, efficient operation and so on. In the context of the rapid development of blockchain, China conforms to the needs of globalization, closely follows the international pace, and actively promotes the research, standardization and instrialization development of domestic blockchain related fields
trustworthiness is the core requirement of blockchain, and the importance of standards and specifications is becoming increasingly prominent
in the future value delivery network based on blockchain, we will completely use algorithms and software to build the trust foundation. However, we believe that this is far from enough, and we need the standard to increase the credibility of the blockchain. In the future, the standard of blockchain will standardize the technology and governance of blockchain from the perspective of users, business oriented, and from the dimensions of smart contract, consensus mechanism, private key security, and authority management, so as to enhance the credibility of blockchain and add weight to the trust of blockchain.
7.

Why is the Internet era coming to an end and the blockchain era coming

Once the

blockchain develops, it will burst out more innovation. As the first proct of blockchain, bitcoin has proced many innovations since its birth. For example, small cross-border payment, recording transfer transactions between currencies, recording various stocks, registering housing property rights, recording program codes, etc.

the steam age liberates social proctivity, the electrical age enlivens social cooperation ability, the Internet age connects the world, and the blockchain era will let us truly realize freedom

8.

Blockchain instry development trend analysis technology has broad application prospects

with the characteristics of point-to-point payment, openness and transparency, the most direct application field of blockchain technology application is payment field. However, there are many pain points in domestic ticketing instry, such as too many agent levels, rampant scalpers, selling more than one ticket, fake tickets, lack of credit, etc, It can be solved by blockchain technology. The traditional ticketing mode needs the support of centralized facilities such as the third-party ticketing platform, and the information is extremely asymmetric. The new ticketing mode based on blockchain technology can realize point-to-point transaction, and the whole process is transparent and traceable

blockchain e-ticketing platform

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data source: the financial field of blockchain + application sorted out by prospective instry research institute is reshaping the financial instry pattern

the open and tamperable attribute of blockchain technology provides the possibility for decentralized trust mechanism,
has the potential to change the financial infrastructure. All kinds of financial assets, such as equity, bonds, bills, warehouse receipts, fund shares, etc., can be integrated into the blockchain ledger to become digital assets on the blockchain. They can be stored, transferred and traded on the blockchain, which makes them have a very broad application prospect in the financial field

by recing the cost of cross-border payment, securities trading and compliance, blockchain technology can save banks $15 billion to $20 billion a year

through the application of intelligent contract, blockchain + insurance can realize automatic claim settlement of insurance policy. Insurance institutions have high management and operation costs, and the data on the blockchain is true and reliable, which can effectively simplify the processing process of policy claims. In addition, the blockchain technology can realize the digital management of personal data, simplify information authentication, and help to trace the history of data

entertainment of blockchain + application: the development ecology of blockchain has taken shape, and the media instry may become the main beneficiary

blockchain technology can be widely used in news, games, picture right and other entertainment fields

blockchain technology will bring great changes to the underlying structure of the game and have a great impact on the current game instry. Gamers now have gatekeepers (centralized organizations) to decide prices, tax, censor users, control content, and profit from data. Through the decentralized platform, consumers can socialize and trade without mediation, providing more control and flexibility for game players in the game experience

blockchain + applied supply chain: it can improve the transparency of the supply chain, establish a new supply chain system

blockchain technology can improve the transparency, traceability and security of the supply chain, and promote a kind of trust and integrity. 1) At present, the supply chain has many disadvantages, such as long chain, many intermediate links, many interest joints, opaque and so on; 2)
the distributed bookkeeping technology of blockchain can register the transfer of goods on the ledger as a transaction, and determine the participants related to the proction chain management, as well as the proct price, date and location

9. Search the CE official website directly. If the official website has a certificate query entry, just go to the query directly.
10. (1) The settlement and transfer problems of cross-border banks result in low efficiency and become the main problems in the payment instry. With the implementation of point-to-point technology in the blockchain and the distributed ledger and consensus algorithm in the blockchain, the traders can jointly maintain the same account book and share it among multiple parties< (2) banning the third-party supervision. Based on the transaction settlement function of blockchain, both parties can reach an agreement directly in the transaction process without reconciliation, and eliminate the dependence on CCP or other third-party institutions
(3) blockchain can solve the reconciliation problem between different securities agencies.
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