Value circulation of blockchain

1.

The most significant applications are

1. Think about using blockchain in enterprise applications to provide more flexible, safe and efficient business processes and distributed, independent markets. Blockchain allows asset owners to track and trade valuable things, such as outstanding invoices, on a transaction "chain" that is more secure, transparent, private and self-coordinating. This capability improves the speed and flexibility of cash and asset management. For example, you are afraid to buy fake things, because a manufacturer transfers proction to several middlemen, and then you buy through middlemen, not manufacturers. If all the data is distributed, point-to-point and transparent, you can buy and pay directly from the manufacturer

The automation market of other assets will be diversified. In essence, because the software itself is controlled and open architecture, and visible to all transaction participants, the transaction based on blockchain can rece the demand for third-party supervision. If the enterprise can publish the value information to multiple potential buyers, and for all buyers, the content can be trusted and visible, and the seller can't sell again, then an open and transparent competitive environment will be formed when purchasing, and the seller can get better prices

3. Rece business transaction friction. Managing spending is a challenge for most organizations. However, blockchain enables enterprises to create self-management networks for suppliers and partners, realize contract automation, real-time payment, tracking of goods transportation, and visibility of the whole supply chain. For example, if a company uses refrigerated containers to transport perishable goods, when the container temperature exceeds a certain threshold, the IOT sensor on the truck may call the smart contract on the blockchain. This will cause the corresponding order to be cancelled, and it will also be able to automatically create a new order, so that a second batch of goods can be sent immediately. Trucks with faulty refrigeration equipment can also go to the repair Office for repair

This kind of network can rece transaction errors and information omission by recing or eliminating human-computer interaction. Moreover, by connecting buyers and sellers directly, transactions can become faster. Manage and secure decentralized private records. Its traditional instry practice is to rely on a third party, using firewalls and restricted access to protect their shared information database. And frequent data leakage events show that this approach is not very ideal. A fundamental advantage of blockchain is that each indivial data record or element is encrypted by the key of a blockchain member. Cybercrime may need to obtain each key of each member in order to access all the blockchain data. This is not to say that blockchain can guarantee 100% security of all data, which helps to rece the possibility of exposure of a large number of private records

5. A reasonable application is the record of employees or students. Employers, ecational institutions and even instry certification bodies can add new qualifications, grades or work places when necessary. Imagine giving employees a key to access all their employee records as part of a secure blockchain containing human resources. Indivials can safely share their university transcripts or employment history with other companies or ecational institutions without relying on unreliable and easily falsified faxes. Trace the origin of procts and raw materials. Blockchain can help ensure proct quality and safety by simplifying the tracking and positioning of procts and raw materials in use. For example, if an automobile manufacturer forms a quality centered blockchain including parts suppliers, parts assemblers, quality control suppliers and public management organizations (such as the National Highway Traffic Safety Administration). Then the recall process of defective parts will be faster. It makes sense to think that thousands of people die every year because of defective car parts

6. Verify identity, verify published information and data. Create a better user control mechanism. Nowadays, user information is easy to be manipulated, distributed to third parties, or even sold, so as to create revenue streams for owners of social media platforms, which will never be shared with users of information. Blockchain can disrupt all of these activities. It allows users to control their own information and its exact location. No platform can be accessed without permission. Users can decide who can access their information. They can deal directly with advertisers and third parties according to their choice, rather than like others. Moreover, users can choose to share their information with advertisers on any platform for a fee

to sum up, blockchain is a kind of chained data structure that combines data blocks in chronological order in a sequential way, and it can not be tampered with and forged by cryptography. In a broad sense, blockchain technology uses blockchain data structure to verify and store data, uses distributed node consensus algorithm to generate and update data, and uses cryptography to ensure the security of data transmission and access A new distributed infrastructure and computing method (reference network) for programming and operating data by using intelligent contract composed of automated script code

Application in finance

three major applications of blockchain technology

1. Application of blockchain technology in asset securitization field

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in recent years, The domestic asset securitization (ABS) instry is developing rapidly. At the same time, the problems of asset cash flow management need to be improved, the transparency and efficiency of underlying asset supervision need to be improved, the efficiency of asset transaction settlement is low, and the cost of credit enhancement is high are graally exposed. In order to apply blockchain technology in ABS field, participants need to build ABS blockchain alliance, which is composed of asset side, pre ABS investor, SPV (trust), escrow bank, manager, intermediary, ABS investor and exchange. Its core business includes fund transaction reconciliation, transaction file management, data interaction interface, information release and sharing, underlying asset management, intelligent ABS workflow and so on. Blockchain application can at least empower ABS instry in the following five aspects

To improve the cash flow management of ABS< Second, it is concive to penetrating supervision
thirdly, it can improve the settlement efficiency of financial assets< (4) the efficiency and transparency of securities trading will be greatly enhanced
fifthly, it can rece the transfer cost of credit enhancement

2. Application of blockchain technology in insurance instry. However, with the tightening of regulatory policies on medium and short-term survival procts, the business scale of universal insurance has declined significantly. In the aspect of insurance proct design, blockchain is concive to promoting the breakthrough and rapid development of customized insurance categories, such as agricultural insurance and proct quality insurance

quality insurance can endorse the reputation of enterprises and protect the rights and interests of consumers. However, insurance companies need to make a comprehensive evaluation of enterprises and procts to underwrite quality insurance, but these data are often difficult to collect truly and effectively, which restricts the development of quality insurance. The establishment of proct traceability and anti-counterfeiting application platform based on the underlying technology of blockchain can help insurance companies easily trace the information of proct proction, processing, sales, purchase, complaints and other links through the platform, so as to effectively judge the incidence of quality defects of related procts, formulate insurance procts, and promote consumption upgrading and instrial upgrading


in insurance sales, the application of blockchain technology can simplify the sales process, save the sales cost and realize the traceability of insurance sales. From the perspective of insurance companies, when willing policyholders purchase insurance policies through channels, channel providers uniformly send policyholders' information to the blockchain platform. The platform judges whether willing policyholders are in the white list according to the distributed storage information. If they meet the standards, they will accept the purchase request, which saves the tedious process of manual transmission, acceptance, review and feedback. From the perspective of consumers, blockchain technology can realize the traceability of insurance sales behavior and safeguard the legitimate rights and interests of consumers. The insurance sales market has been in chaos, and the phenomenon of false publicity of insurance procts through deception, concealment or incement has been repeatedly prohibited. Blockchain technology can link the key actions of each link of insurance sales, and realize the traceability of the whole process of sales actions, so as to standardize the insurance sales behavior and promote the sustained, healthy and stable development of the instry

in the insurance claim process, the application of blockchain technology can improve the claim efficiency and customer experience. Claim and loss handling process is an important process in insurance market. The complex claim process increases the cost, reces the claim efficiency and affects the customer experience. Smart contract technology can simplify the claim submission process, rece the need for manual review and shorten the processing cycle. At the same time, it is easier to identify suspicious behaviors through the historical claims and asset source records in the distributed ledger
in the field of insurance anti fraud, the application of blockchain technology can effectively prevent the occurrence of insurance fraud. Insurance fraud not only erodes the profits of insurance companies, but also damages the legitimate rights and interests of other insurance consumers. Although every insurance company has made a lot of efforts in anti fraud, the reality is still grim. Blockchain technology can at least help the insurance instry alleviate or even resolve this stubborn disease in the following two aspects. First, establish anti fraud sharing platform to rece fraud and strengthen evaluation through historical claim information; The second is to establish "unique and identifiable identity information" by using reliable data sources and coded business rules, so as to prevent false use of identity

3. The application of blockchain technology in the field of asset custody
in recent years, the global asset custody instry has entered the fast lane of rapid development, and the scale of Custody Assets and main custody procts have maintained rapid growth., However, there is still a certain gap between this scale and the international advanced peers, and there is still a large space for the development of China's asset custody instry

the application of intelligent contract technology in blockchain can effectively solve the operational risk in asset custody business. We can optimize the business process of asset custody from the following aspects: first, we realize the automation of the whole process, encapsulate the business instruction judgment and execution rules into the smart contract, use the smart contract execution and provide risk tips; The second is to improve the process efficiency, the real-time sharing of asset change, transaction details and other information among the asset consignor, manager, trustee and agent, eliminating the process of repeated verification and right confirmation; The third is to ensure the security of the performance and the authenticity of the transaction. By setting the key, the formal information of the participants, the limited visibility of the account information and the verifiability of the transaction are guaranteed; The fourth is to ensure that the information can not be tampered with, and put the compliance verification requirements of the investment plan on the blockchain to ensure that each transaction is completed on the basis of consensus


at present, bitcoin is the most closely related to blockchain. If you want to learn more about bitcoin blockchain, you can follow some new media. For example, Sohu, Baijia, mustard circle and so on. Foreign websites, such as CCN, coindesk, etc., all have huge applications

2. Indivials can buy and sell bitcoin at their own risk

3. Most of the instrial parks have been established in the past two years, that is, the business hours are only one or two years. The main profit model still relies on obtaining policy subsidy funds. The main reason is that the blockchain application has not been actually implemented. I believe the situation will be better in the next two years. Now there is a blockchain project in Changsha high tech new area, which is called SMIC blockchain service platform, It is a government enterprise service platform, cooperating with Bank of Changsha, Dean justice, etc., and now it is the stage of collecting enterprises on the chain.

4. 1. When building a set of accounts
2. An account set has only one functional currency. If you want to record multiple currencies in the transaction processing layer, use MRC; If it is not needed, it can be realized with conversion function or account set consolidation function
3. Of course, foreign exchange adjustment is for the reporting currency, so the report of each reporting currency should be the result of revaluation.

5. Yes, but it's better to have your own arms. Where there is no gun, the security is relatively poor. Gold is a thing that can easily make people crazy. You can go to the website of amanbo to have a look. There is a lot of information. I wish you good luck and hope to adopt it. Thank you!!

6. Bitcoin market suddenly soared, and now you can buy it. But you have to buy by yourself. Think about it, because bitcoin is a virtual currency. Market uncertainty, buy carefully.

7. Blockchain technology bank will bring three levels of changes to the society: 1.0 is currency; 2.0 is the application of the whole financial field; 3.0 is beyond the money market. Information shows that all large financial institutions in the United States and Europe have internal development and evaluation of 10 to 20 blockchain projects. Next year, banks will invest more than $1 billion in blockchain technology

the form of global currency is undergoing a great change. The issue of digital money will challenge the central bank's money supply, the right to issue money and the regulatory mechanism

in the field of transaction payment, blockchain has the advantages of decentralization, no need to trust the system, disintermediation, tamper proof, encryption security, etc. This point-to-point model without trust means that commercial banks are less necessary to act as payment intermediaries and credit intermediaries, weakening the role of traditional commercial banks in the process of currency creation, And then spread to deposits and credit

under the extreme situation that digital currency completely replaces cash, the traditional outlets will lose their existence value. However, the issue of digital currency not only requires mobile digital devices as hardware support, but also solves the problems of digital identity authentication and privacy protection. Therefore, commercial banks have enough time to study the countermeasures<

at present, the financial system still mainly relies on the centralized scheme to solve the credit problem, that is, to establish the credit through the government, banks and other centralized authorities. Blockchain technology facilitates transactions through technical endorsement rather than centralized credit institutions

intelligent assets based on blockchain can build credit free lending relationship. The core idea of smart assets is to control ownership. The digital assets registered on the blockchain can be used at any time through the private key. If you borrow money on the Internet, you can use the smart assets as collateral. The automatic execution of the smart contract can lock the mortgaged smart assets. After the loan is paid off, you can confirm the contract conditions to automatically unlock it. As a result, the probability of disputes between the two sides is greatly reced

blockchain technology can achieve direct transactions between institutions and greatly rece costs. Taking cross-border payment as an example, it takes two or three days to process under the traditional payment mode, while the point-to-point payment mode adopted by blockchain only takes a few seconds to a few hours. Santander central of Spain studies that by recing the cost of cross-border payment, securities trading and compliance, blockchain technology can save the banking instry $15 billion to $20 billion a year

at present, the middle and back office of the bank is engaged in a large number of functions such as account registration and settlement, and some complex transactions need to be recorded and operated manually. At the same time, in complex trading projects, it often involves multiple trading subjects, multi-party communication and check. The smart contract in the blockchain can code the operation rules or protocols, execute them automatically and rece manual intervention, so as to achieve more efficient and standardized financial services

blockchain technology is of great help to expand financial sharing. For example, in Kenya and the Philippines, bitcoin has been developed as a bridge for international remittance tools, so that people without bank accounts can send and receive cross-border payments instantly through mobile app

the important reason why bitcoin can realize the function of global currency and payment is that blockchain technology has realized the credit consensus of different countries, regions and people with different political and cultural backgrounds, thus breaking through the credit limitations of institutions, regions and even countries

blockchain can save regulatory records and audit traces, provide convenience for supervision and audit, and effectively control operational risks such as fraud and manual input error. Because the transaction confirmation is the completion of clearing and settlement, it also greatly reces the risk of counterparties. The distributed network and consensus mechanism of blockchain also rece the system risks of financial institutions such as hacker attacks and server downtime

of course, the large-scale application of blockchain technology in the financial instry still faces many challenges

the first is the restriction of current laws and regulations. Blockchain technology is constantly changing, judicial and regulatory agencies are still in the state of research, the application of financial blockchain technology will face different degrees of compliance problems

secondly, there is no mature underlying blockchain technology platform. Blockchain still faces many technical problems, such as capacity scalability, privacy protection, inability to settle with net position, non recourse after the event, etc. The cost of integrating blockchain technology into the existing financial system is high. The large-scale use of blockchain technology not only needs to reshape the IT architecture and business process, but also to overcome the conflict from the internal cultural concept

therefore, blockchain technology needs the collaboration of all financial instries to be truly implemented

at present, commercial banks in China can grasp the new Internet finance mode derived from the technical background of block chain through internal experiments and alliance cooperation, and use block chain technology as a powerful tool to realize "Internet plus".

there are three kinds of blockchain technology practices in overseas financial instry: internal laboratory, investment in blockchain companies and establishment of partnership. Considering the regulatory factors, it is difficult for domestic financial institutions to grasp the new trends in this technology field through direct investment in blockchain companies, but they can consider setting up R & D laboratories and cooperating with technology companies to participate in research

in China, Bubi blockchain is a leading blockchain technology service provider in China. Since its establishment, Bubi blockchain has been focusing on the R & D and innovation of blockchain technology and procts. It has a number of core technologies, and has achieved substantial innovation in many aspects, forming a number of core technology achievements, such as mathematically proven distributed consensus technology, distributed consensus technology, and so on Fast large-scale account book access technology, multi chain general ledger technology supporting business form expansion, interconnection technology between heterogeneous blockchains, etc. We have developed our own blockchain basic service platform, which has been applied in equity, supply chain, credit and other fields. Bubi blockchain has been committed to building an open value circulation network with the core of decentralized trust, so as to let digital assets flow freely

in order to take the initiative in the future application and strive for the right to speak, China's commercial banks should actively participate in the formulation of international and domestic standards, apply for blockchain technology patents, strengthen in-depth research on blockchain technology details, and carry out necessary technical reserves, including cross-border payment, inter-bank settlement, bills, supply chain finance, consumer finance, etc The feasibility of the application of mortgage and other specific business areas

the combination of blockchain technology with Inclusive Finance and sharing economy is a key breakthrough area. We can study how to use blockchain technology to achieve low-cost capital transfer in areas with insufficient financial coverage and underdeveloped economy through cooperation with scientific and technological innovation enterprises; Research on the use of blockchain technology to generate a unique electronic contract on the blockchain, which can not be forged by both sides of the debit and credit, so as to improve the security and reliability of P2P and other new lending models; This paper studies the way of registering assets and controlling private key through blockchain to control the ownership of enterprise mortgage assets

e to regulatory reasons, blockchain technology is still difficult to be directly applied in financial business. However, commercial banks can apply blockchain technology in areas that are not subject to financial supervision, such as recing operation and management costs and improving employee benefits. For example, some small-scale experiments will be carried out in the fields of points exchange, physical assets and procurement system.

8. Friends in the chain of community training, feedback is good, can learn a lot.

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