Blockchain contract agreement

1. Jinwowo analysis: simple value transmission enables digital assets to circulate freely on the blockchain.

2. Contract transaction refers to an agreement between the buyer and the seller to accept a certain amount of certain assets at a specified price at a certain time in the future. The trading object of contract trading is the standardized contract formulated by the exchange. The exchange specifies the standardized information such as the commodity type, trading time and quantity. The contract represents the rights and obligations of both parties
to put it simply, we should make an appointment to trade a certain amount of certain goods at a certain time and place in the future.

3. Sum software blockchain technology is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. The so-called consensus mechanism is a mathematical algorithm to establish trust and obtain interests between different nodes in the blockchain system
in a narrow sense, blockchain is a kind of chained data structure, which is composed of data blocks connected in sequence according to the time sequence, and is a distributed account book that can not be tampered with and forged by cryptography. In a broad sense, blockchain technology is a new distributed infrastructure and computing paradigm, which uses blockchain data structure to verify and store data, uses distributed node consensus algorithm to generate and update data, uses cryptography to ensure the security of data transmission and access, and uses intelligent contract composed of automated script code to program and operate data.

4. The transaction type is nuccerh,
please ask the customer service of the bank for details
run, brother,
good luck.

5. Comrades, try not to play with these virtual things. If you want to play, play with the public. Crude oil, gold, silver... These are public goods and will not collapse.

6. Take the Feiluo supply chain of fun chain technology as an example. It brings together suppliers (financing demanders), core enterprises, funders, third-party organizations and other participants, covering accounts receivable, credit insurance, asset securitization, digital warehouse receipt, logistics supply chain, green energy and other scene services. It digitizes accounts receivable, digital warehouse receipt and other assets through credit insurance It can build a bridge for the high-quality asset side and the capital side to solve the financing problems of small and medium-sized enterprises.

7.

If the electronic contract wants to have legal effect, it needs to lock the identity of the contracting party, keep the documents from being tampered with, and accurately record the time. For the electronic documents, it also needs to consider the security of storage

through the deep use of cryptography algorithm, specially designed data structure and multi-party participation consensus algorithm, machine algorithm is used to solve the consistency, reliable storage and anti tampering problems of multi-party transaction records, which has a natural strong correlation with electronic data storage

First of all, the electronic contract signing records are stored in a shared account book jointly maintained by multiple parties, which can not be tampered with, denied or lost

secondly, the text and elements of the electronic contract are encrypted, including the participants of the electronic contract. Only the participants can decrypt and view the data to protect the privacy of the parties

thirdly, the machine strictly implements the pre-defined rules (smart contract), and no longer relies on a single agreement with a third party. KYC service based on blockchain automatically checks and verifies the validity and identity of certificates, and ensures the authenticity of participants' identities on the basis of privacy

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blockchain technology is popular in the market because it can rece intermediate links, rece fraud caused by data consistency, improve business efficiency and speed, rece the risk of counterparties, increase revenue and save costs

8. The analysis of jinwowo network technology is as follows:
1 - consensus mechanism
2 - distributed data
3 - cryptography technology
4 - Smart contract
5 - authentication access
6 - node management, etc.