CEO of SNG blockchain

1. On January 7, 2017, "the first North American blockchain financial technology summit" and "Guiyang blockchain strategy presentation meeting and Global Conference on standard digital financial system" were successfully held at Santa Clara Conference Center in San Francisco, USA
"the first North American blockchain financial technology summit" was hosted by North American blockchain Association, Guiyang City, China, IBM, Shanghai Institute of international finance, Tianfeng securities, International Financial Center Association, etc., and more than 600 people from many city governments, global blockchain instry experts and scholars, financial institutions, investors, instry leaders, and entrepreneurs of start-ups attended the conference. Liu Huiyun, President of Canada China Entrepreneurs Association, was invited to attend.

2.

digital currency license in the United States. I'm glad to answer your question, because I'm very familiar with it. I've served many well-known exchanges, such as Matcha, Lein, ZB, ZG, and so on. The process is relatively simple. Generally, the license can be issued in one to two weeks, It includes all the work of companies and licenses in the United States, because the policies of each state are different, and all States can choose the appropriate state to reasonably avoid taxes and operate in the United States in compliance with the law, etc.

the MSB (money services business) license in the United States is a financial license supervised and issued by FinCEN (financial crime enforcement network, Department of the Treasury), The main regulatory objects are businesses and companies related to money services, including digital currency virtual currency transactions, ICO issuance, foreign currency exchange, international remittance and other businesses. Companies engaged in the above businesses in the United States must apply for MSB license to operate legally, which is the license that all companies operating digital currency business in the United States must have. Fire coin, coin security have this license to carry out transactions

of course, whether this license is suitable for you will only be known after a detailed understanding. After all, there are many kinds of licenses in the financial instry, so what are the advantages of applying for this license

1. Get investor approval

2. Get authoritative approval

3. Provide diversified services

4. Become a first-line trading platform, which is the standard configuration of the mainstream exchanges

3. Blockchain is a technology, but it is not a single technology, but the result of the integration of a variety of technologies, including cryptography, mathematics, economics, network science and so on. You can think of it as a distributed shared accounting technology, or as a database, but the database is jointly maintained by all nodes in the chain, and each node has an account book. Because the account books of all nodes are consistent, different nodes can trust each other, and there is no doubt about the data, so we all say that the blockchain has realized trust technically. For detailed professional technology, you can consult some professional technology companies, such as Jinbo technology, which focuses on the development of blockchain related procts, professional R & D team and perfect after-sales service, and you can consult by telephone.

4. Let's talk about the social or economic significance of blockchain. In fact, many of the previous technologies were devoted to "proctivity". For example, artificial intelligence is a kind of progress in proctivity. The blockchain, which has greatly improved the proction relations, is committed to the proction relations. So why do you say that
because the so-called proction relationship is actually how to do business between people and business partners. And these things, originally, are in the cognitive process between people, and there is no special program to program or quantify it
for example, if you and I are good friends now, we can do business. If someone stirs up our relationship and we are not good friends, we will not do business. Even if we can make money in business, we will not do business because there is no trust between us
as for blockchain, it is actually because the data is authenticated by all nodes and backed up at the same time, so my data is as real as possible and can't be tampered with. In this case, if you believe my data, you can make a program on this basis, and then use the data to make what kind of business contract, what kind of service, what kind of service, and what kind of service, what kind of service, what kind of service, what kind of service, what kind of service, what kind of service, what kind of service, etc This "proction relationship" of commercial cooperation is programmed. In this way, we believe in the data and the program compiled by the algorithm. Because you believe in the data and the program, you can develop all kinds of apps in the program. These apps are the proction relations and what business to do. This is: blockchain is actually a reconstruction of "proction relationship".

5. The first instrial revolution brought steam power and factories. For the second time, there were railways and electricity. The third time has given us the convenience of Internet, digital computer and modern world
these revolutions started and ended with the creation of better and more efficient machines. But the fourth revolution, the instrial Internet of things (iiot) asserts, is coming, and it will not follow in the footsteps of its predecessors
the fourth revolution will not focus on stronger and faster machines: it will focus on machines, processing, sharing and spontaneous information behavior, fundamentally changing our relationship with tools, the world and each other
the data revolution
is not coal, steel, nor silicon. The currency of the fourth revolution will be data
a single gas turbine, coupled to the instrial Internet, generates more than four times as much data in one day as the global Twitter as a whole, but the data we analyze is less than 1%. Bill RUH, chief executive of Ge digital, predicts that digital information will overflow, and today's analysis tools are hopeless
"ten years ago, we might have introced 1TB of data every day." "Today, it's up to about 10000 TB of data," RUH told the Boston Globe. By 2020, we expect to introce about 1 million terabytes of data a day. "
the data generated by future machines is about the same as that of the library of Congress. Imagine reading every book in the library of Congress and then having to summarize what you've learned on 10 pages. The task is not only huge, but also ridiculous
the real miracle of the fourth instrial revolution will not be to proce data, but intelligent machines that can analyze these data and communicate with their peers in the network. Each networked machine will then take action to change its processes to improve efficiency and feed back its changes to the network
I hope these smart machines will bring our world economy to a climax: RUH and Ge believe that in the next 20 years, the smart machines and Internet of things instry will add 10 to 15 trillion US dollars to the global economy. Given that global gross domestic proct (GDP) was about $74 trillion in 2015, this is a huge growth
the foundation of the revolution
for the coming revolution, there are two components that are important and necessary: a centralized, instry-specific Internet communication network, such as predix of General Electric; And systematic, decentralized way, and hinder dishonest communication to promote business development
the specific iiot network must act as a hub for intelligent machines to interact with each other and with human creators. Sensors on the computer collect a large amount of data, and then filter the data in real time. In other words, it can be imagined that it happened on the basis of a machine. However, the investigation results of relay equipment and the decision made without human intervention, in order to truly build an intelligent network, the machine needs a single communication network
imagine that when the aircraft is still in the air, the sensors of the aircraft engine recognize the part that is about to fail, and then communicate with the destination airport. The engine will need maintenance and order replacement parts before landing
this intuitive machine is not a science fiction dream: it's our future
in my opinion, iiot information network is only half the success, and ultimately it is about e-commerce. Seeing it as a public road, millions of autopilot cars will run on top one day.
now, these autopilot cars run on a single system. But how do we ensure that every autopilot will obey the traffic rules? For example, how can we ensure that the vehicle does not send fraud information about its whereabouts at the time of the accident? If there are only two parties involved in the accident, then each passenger will confirm the story of his own car, and there is no way to verify the position claimed by each party
considering that decentralized, satellite based GPS will affect the situation. The system is just and connected to every car. Of course, every car can continue to lie, but it's much easier to verify which side is telling the truth
e to the nature of the GPS system and the nature of its cancellation, the autopilot car has no reason or is tampered with by its owner. This strong incentive for integrity is to promote the trade between autopilot cars, and it is necessary for owners to feel that their investment in these vehicles is safe. Br />GPS technology is for auto driving vehicle, just like network block chain technology for instrial Internet. Of course, self driving cars can run on roads without GPS, but their owners probably will not allow them to do so. Similarly, on a larger scale, machines can communicate on a single, centralized network of the instrial Internet, but only when there is no risk Blockchain is the core part of bitcoin technology. Its function is simple and similar to an account book, recording all transaction data. This account book: 1. It is stored on each bitcoin node of the Internet, and each node has a complete backup; 2. It records all bitcoin transfer transactions since the birth of bitcoin; 3. The ledger is stored in blocks, and each block contains some transaction records. Each block will record the ID of the previous block, forming a chain structure, which is called blockchain; 4. When you want to initiate a bitcoin transaction, just broadcast the transaction information to the P2P network, record your transaction information as a new block and connect it to the blockchain, and the transaction is completed
blockchain has stimulated the revolution in other places
of course, blockchain has promoted the development of e-commerce in the financial instry. But digital information packets are discrete assets like money, and blockchain can create digital records of their existence and transmission. The technology is essentially a unified ledger of records or digital events. The ledger is distributed in the network and shared by different parties, and can only be updated by the majority of these parties. Once a ledger item is created, it can never be erased
blockchain is the missing link in the revolution, because the e-commerce it inspires will define the trust between machines and stakeholders. For example, Volkswagen's recent emissions scandal. VW's tests show that its vehicles emit too much NOx, so it chooses to hide the problem to avoid subsequent inspection
although blockchain will not prevent machines or people from tampering with data, it will create transparent, shared and indelible documents about the original emission data. If this data has been created and shared through the blockchain system, Volkswagen will never embark on the road of fraud, because the difference between the two data sets is obvious
the benefits of iiot are obvious. We have developed machine to machine communication technology; Now, it's the standardization challenge between society and the next revolution. This has driven the development of database technology in the past 30 years, and we have finally seen the momentum of construction
the first mock exam is different from the other enterprises, but if we all want to benefit from the high efficiency brought by the fourth instrial revolution, we must adopt the single mode of machine to machine electronic commerce. And because the communication network has to operate commercially between voluntary participants, we have to integrate the blockchain into this system. In the need to constantly modify the data, and free information trade needs detailed environmental conditions, blockchain is the best path to a new instrial revolution.

6. 1、 Decentralization:
blockchain technology does not rely on additional third-party management institutions or hardware facilities, and there is no central control. In addition to the self-contained blockchain itself, each node realizes information self verification, transmission and management through distributed accounting and storage. Decentralization is the most prominent and essential feature of blockchain< Second, openness:
the foundation of blockchain technology is open source. In addition to the private information of all parties to the transaction is encrypted, the data of blockchain is open to all. Anyone can query blockchain data and develop related applications through the open interface, so the information of the whole system is highly transparent< Third, independence:
based on consensus specifications and Protocols (similar to various mathematical algorithms such as hash algorithm used by bitcoin), the whole blockchain system does not rely on other third parties, and all nodes can automatically and safely verify and exchange data in the system without any human intervention< Fourth, security:
as long as 51% of all data nodes cannot be controlled, the network data cannot be arbitrarily controlled and modified, which makes the blockchain itself relatively safe and avoids subjective and artificial data changes
5. Anonymity:
unless there are legal requirements, technically speaking, the identity information of each block node does not need to be disclosed or verified, and information transmission can be carried out anonymously
Digital China is the first major development strategy explicitly put forward in the report of the 19th National Congress of the Communist Party of China. The application of digital technology represented by cloud computing, big data and mobile Internet is no longer limited to the economic field, but widely penetrated into all aspects of public services, social development and people's life, which requires macro coordination, overall control and integrated development
with the deepening of a new round of scientific and technological revolution and instrial change, the tide of digital economy in the world is unstoppable. The development of digital economy has become a global consensus, known as the key to the fourth instrial revolution
adhering to the connotation of the University of nice's world inclusive humanistic spirit, always embracing change, standing up to the tide, conforming to the development trend of the digital economy era, and integrating the essence of Chinese and Western cultural thinking, the University of nice's doctor of blockchain and digital economy management (DDE) came into being
based on this, we can enable the managers of digital economy instry to have global vision and global integration thinking, integrate knowledge, operate digital economy intelligently, promote the sustainable development of the instry, and contribute to the community of human destiny. Therefore, DDE project will cooperate with colleagues in the field of digital economy
if you have MBA related questions, you are welcome to contact me personally&# 180;&# 65381;&# 7447;&# 65381;` ) Bixin~~~~

7. It's money laundering

8. The most important thing of blockchain is to solve the problem of intermediary credit. In the past, it was difficult for two people who didn't know and trust each other to reach cooperation, and they had to rely on a third party. For example, in the past, there must be a bank or an institution such as Alipay. However, through the blockchain technology, bitcoin is the first time for human beings to complete the transfer behavior that can be trusted by both parties without the participation of any intermediary. This is a major breakthrough in blockchain
Yao Yudong, director of the Financial Research Institute of the people's Bank of China, once bluntly said: "he was born on the Internet and died on the blockchain." In order to warn those traditional financial institutions and Internet giants who are not sensitive to blockchain technology.

9.

What is the difference between Australian austrac license and American MSB and Japanese FSA:

1. in terms of cost, American MSB, Australian austrac license, Japanese FSA

2. The regulatory scope of the three licenses is different





austrac is the financial regulatory agency of Australia, responsible for preventing and detecting money laundering and terrorist financing. The federal government enhances the compliance of reporting entities with AML / CTF laws and regulations by expanding the powers and functions of the CEO of Australia Group

austrac regulatory license conditions:


1. Digital currency dealers in Australia must handle austrac and provide all business details. If the company providing digital currency transactions does not apply for austrac's license, it may result in two years' imprisonment, a fine of aud105000, or both

Establish and maintain AML / CTF plan to identify, mitigate and manage the money laundering and terrorist financing risks they may encounter. At least two responsible persons shall be appointed, at least one of whom must be a director of the company and at least one of whom shall be a compliance officer

3. Identify and verify the customer's identity

4. Report suspicious activities and transactions involving legal currency, exceeding aud10000 or more (or equivalent) to austrac

5. Keep special records of transactions, customer identification and AML / CTF projects for 7 years

to apply for Australian austrac license, you need to register a European company first, and then apply for the license. Generally, you will choose a reliable agent company to provide the director information and the name of Australian company



blockchain exchange project compliance: subject company + digital currency trading license:


1. At present, the compliance mode of the exchange, we can apply for a license alone, when applying for a license, we usually register a local ordinary company as a regulatory condition to apply for a license, this ordinary company can be used as the subject company of the exchange. At present, when dealing with the compliance license of the exchange, such as the US MSB license, Estonian MTR and wallet al license, Canadian MSB license, Singapore MAS license and Australian license are all very good. They are also several licenses that the exchange often does. High cost performance, such as hotcoin, bittrer, poloniex, coinbase, and okex, these exchanges have obtained the US MSB license

2. The exchange is compliant. First, it should be a Singapore foundation as the main company, and then apply for the digital currency license

the main company of the Singapore foundation can also be used as the platform currency issued by the exchange in the later stage

at present, the compliance of blockchain projects generally refers to non-profit foundations, legal opinions and exchange licenses, and the specific development direction of the project itself