Blockchain plus supervision equals legal chain

1. blockchain is a public account book. You can't say that your natural gas and chopsticks violate the law, because they are just tools
Chinese Mahjong: the world's earliest blockchain project
first of all, a initiates an application. I want to play mahjong and set up a mahjong Bureau, which is equivalent to creating a block, and this block will be broadcast to B, C, D, a, B, C, C, C, C, C, D, D, D, D, D, D, D, D, D, D, D, D, D, D, D, D, D, D, D, D, D D...
in the process of playing mahjong, the above four people constantly play cards, which can be understood as mining, through what to mine? Mahjong machine can understand the mineralization machine. These four miners are the so-called miners. These four miners collide from 144 mahjong, and any right card can be Hu card. We can understand the 144 mahjong as a series of hash values (numbers). The process of Hu card is called computational power. Until Hu card, it means that the right hash value is collided and you can get a reward, Each person will pay the corresponding chips to C and put them in the blockchain. The reward is bitcoin or other virtual coins
Why do the other three people take the initiative to reward C? That's because these people have automatically reached a consensus that C has indeed won, and everyone has recorded the account, including the family members who are sitting next to buy horses. It's not good to deny it, otherwise when it comes out that the character is not good, no one will play with him again. After all, the circle is very important
when we reached a consensus, we didn't see any intermediary or third party judging that C had won, and the rewards given to C didn't need to be transferred to C through the third party. All of them were direct point-to-point transactions. This process was decentralization. The card players (miners) recorded their own achievements in the first game, and the third team won the first game, After the record is completed, a complete block is generated. But remember, this is only the first round. In the whole blockchain, this is just a node. The first eight rounds are finished, that is, eight nodes (blocks). Eight blocks are connected together to form a complete account book, which is the blockchain. Because everyone has one account book, it is a distributed account book. The purpose is to prevent someone from tampering with records. In the end, it is clear who wins or loses.

2. With the development of blockchain, there are more and more ICO projects and exchanges in the blockchain instry. How should so many projects develop in compliance
the current blockchain project compliance is divided into two sections:
first, blockchain coin issuing project compliance: Foundation + legal compliance opinion
often referred to as ICO, IEO, etc. first of all, we build overseas entities. Generally speaking, most coin issuing entities choose Singapore foundation. It is a non-profit company in the form of XX Foundation Ltd. Finally, a legal compliance opinion is issued by a Singapore lawyer. The content of the legal opinion includes the amendment of a white paper and the token non securitization certificate, which is mainly to make the project comply with the laws of Singapore. This legal opinion is also needed for the later docking of the project with the currency on the exchange< Second, blockchain exchange project compliance: subject company + digital currency trading license:
license is one of the important compliance documents of the platform. It is equivalent to a business license. In particular, after Huoyuan won the Japanese license, the US license and applied for the Canadian license, the license was pushed to a new height. Obtaining the US MSB license also means that the company can reasonably conct business in most states of the United States. This is the reason why the major platforms have started to apply for licenses. If they want to carry out business formally and legally, they have to apply for licenses
for example: MSB digital currency exchange license in the United States, MTR digital currency + Wallet al license in Estonia, austrac digital currency license in Australia, etc
the role of MSB license in the United States:
1. American MSB license is famous, packaging platform and good publicity
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3. It can increase the trust of customers, enhance their visibility, and make the platform develop better and faster in compliance
advantages of MSB license
1. Investor recognition - Corporate Law and financial instry regulation in the United States are very perfect. With a U.S. license, your digital currency trading platform will be more recognized by global investors
2. Get authoritative approval - with the authoritative approval of the U.S. Treasury Department, you can carry out relevant business in the United States and around the world, which represents the compliance supervision of digital currency platform
3. Become a first-line platform -- MSB license is also a standard license for global digital currency trading institutions. Coinbase, bitfinex, poloiex, hotcoin.com, OK, coin security exchange and other platforms all hold this license to operate
4. Diversified services - MSB license allows currency exchange and delivery services, so that you can better meet customer needs and provide more diversified services
why is the license so important for the trading platform? First of all, people in the traditional foreign exchange circle know that the foreign exchange platform has the importance of supervising the license. Even such a traditional mode will create a future trading platform. Therefore, the license plate is bound to become a trend of development

4. Blockchain solution:
(1) in the payment initiation stage: in KYC (anti money laundering authentication), the identity information of the remitter can be put into the chain, and the trust between the payer and the bank (or remittance institution) can be established by means of electronic identity file, We can also define the rights and obligations of transfer behavior between payers through smart contract
(2) in the stage of fund transfer: all behaviors in the process of fund transfer, including identification of both parties, confirmation of exchange rate, transfer amount, transfer time, payment terms and other information, can be carried out through the smart contract, which can realize real-time transfer without delay, and does not need the participation of the agent bank to rece the intermediate cost
(3) in the fund delivery stage: according to the smart contract, it will be automatically deposited into the payee's account after the agreed time, or the payee will be allowed to withdraw after KYC authentication process by the receiving bank
(4) in the regulatory phase: no effort is needed to write a report. Since the information on the blockchain is tamperable and traceable, all relevant transaction information can be found in the blockchain. Regulators can review at any time, or even meet the needs of continuous review
at present, bitcoin and Ethereum are more oriented to technology geeks and indivial users. The future value of blockchain must be realized at the enterprise level, and the enterprise's demand for blockchain is ultimately implemented in terms of security, stability and ease of use
security is easy to understand. After all, the data running on the blockchain in the future are the assets of the enterprise, so the enterprise's requirements for security are the first. The recent theft of Ethernet and bitcoin has brought great pressure to enterprise users
stability is also crucial to enterprise application scenarios. The bifurcations of bitcoin in enterprise applications should be eliminated and unacceptable
ease of use is the biggest obstacle to the implementation of blockchain in enterprises. Many enterprises lack sufficient blockchain developers and development tools, and the business analysis and demand analysis of blockchain are vague, which makes it difficult to make decisions on blockchain projects.

5. Regulatory Technology (regtech), like financial technology, is a new hybrid word in recent two years. Regulatory technology is composed of regulation and technology. IIF defines it as a new generation of technology application that can effectively solve regulatory and compliance requirements. It is believed that with the maturity and popularization of blockchain technology, regulatory technology will play an increasingly important role in the field of financial regulation
faced with the changing regulatory environment, financial institutions have become a heavy burden to invest in compliance costs and increase the amount of fines. From 2012 to 2014, JPMorgan spent $600 million to recruit 13000 employees to deal with financial regulation. At the same time, for regulators, increasingly stringent and escalating financial compliance requirements make regulatory data increasingly diverse and huge
improving real-time data processing, data analysis and automation has become an important demand in the financial field. Regulatory technologies such as blockchain, artificial intelligence, cloud computing, machine learning and big data are used to automatically collect fixed and non fixed data, efficiently analyze customer identity management, compliance, risk prediction, real-time transaction monitoring, data and internal management, and put forward risk prediction results report. That is to say, regulatory technology makes financial regulatory business it, which can improve the level of regulatory operation and effectively prevent financial risks.

6. Chongqing jinwowo analysis blockchain system is open. In addition to the private information of all parties involved in the transaction is encrypted, the data of the blockchain is open to all. Anyone can query the blockchain data and develop related applications through the open interface, so the information of the whole system is highly transparent.

7. There are both favorable policies and regulatory policies. It should be said that the two cannot be separated. They are both for the better development of blockchain. Now there are a lot of blockchain applications. Changsha high tech Zone has officially launched a blockchain project, which is called SMIC blockchain service platform. It is a government enterprise service platform. It cooperates with Bank of Changsha and Dean justice, and now it is the stage of collecting enterprises to go on the chain.

8. One of the things that can be achieved by embracing regulation is that all users of online transactions, including regulators, financial institutions and users, need to carry out strict real name authentication, that is, strict KYC. The next step is to set different permissions according to the real transaction needs. For example, the regulatory authorities have the highest authority, and the financial institutions set permissions according to the actual needs of laws and regulations
in this way, supervision can be well realized. First, all operations are real names. Now many public chain operations are non real names, and many loopholes can be drilled. People lose money every day. Second, in this way, the blockchain can be used as an online backup of financial transactions, truly realizing transactions on the chain.

9. I often play this myself
I feel I have to learn to be patient. For example, the card looks good. But don't call the landlord easily, because you don't know whether the three cards are useful or not, when playing cards, some need to dismantle the cards, and you'd better bear with the number of cards. Maybe you can manage the next card
there are also those who have to dect a certain amount of happy beans for each fight against landlords. This is the most annoying and sometimes the winner is not enough. So if you want to win more, take your time. If you have a good card, don't worry about it. What should be clear and what should be called. Do you count cards... Basically less, good memory. I know what cards I've played. But it's useless whether it's a card or not. But I wish you more wins and less losses. come on.