Vice chairman of blockchain sandbox program

1. The application scenarios of blockchain technology are diverse. Once it is popularized, the whole society will be greatly benefited
1. Financial services
the application of blockchain in the financial field has already spread out, which is not a new thing. The application of blockchain in financial technology has been widely concerned and highly valued all over the world
in mainland China, China UnionPay signed a strategic cooperation agreement on mobile payment with Bank of China in early 2018, explored cooperation in the field of blockchain, and then cooperated with Jingdong to jointly launch the "Internet financial payment security alliance risk information sharing (distributed query) platform" based on blockchain
in Hong Kong, China, the Hong Kong Monetary regulatory authority is one of the earliest regulators to launch sandbox, supporting financial innovation experiments including blockchain technology; The HKMA has also joined hands with the banking instry to launch etradeconnect, which is the first large-scale trade financing information sharing platform for Hong Kong banking instry to apply blockchain technology< On September 18, 2018, Hangzhou Internet court officially launched the chain and became the first court in the world to use blockchain for trial
it is understood that prosecutors can submit electronic evidence such as contract, rights protection process and service process details online through online complaint portal, and notarization office, forensic identification center, CA / RA organization, court and other chain nodes can witness and endorse together to provide one-stop service for prosecutors. Hangzhou Internet court of Zhejiang Province made a public judgment on a case of infringement on the right of network dissemination of works' information, and confirmed the legal effect of electronic data with blockchain technology for the first time
3. Intellectual property
blockchain and related distributed ledger technology provide the possibility for the protection and registration of intellectual property, as well as evidence in the registration stage or court litigation stage. These technologies can also speed up the above intellectual property protection and registration process in a cost-effective way
4. Logistics
in early 2018, rookie and tmall global jointly announced that blockchain technology has been used to track, upload and verify the logistics full link information of cross-border imported goods
after all nodes of the logistics chain are connected to the blockchain, the goods can be traced from manufacturers to consumers, forming a complete chain; The more links the commodity is missing, the more likely it is to be a fake proct
5. Electronic invoice
on August 10, 2018, Shenzhen International Trade revolving restaurant issued the first electronic invoice of blockchain in China. It is understood that this electronic invoice of blockchain was led by Shenzhen Taxation Bureau and provided by Tencent with underlying technology and capability
different from traditional e-invoice and simple e-invoice on the chain, this blockchain e-invoice integrates "capital flow and invoice flow", combines invoice issuing with online payment, and opens up the whole process of invoice application, invoice issuing, reimbursement and tax declaration
in addition to the above fields, the application of blockchain has broad blue ocean prospects. In the future, new technology application and development will emerge in all walks of life, and blockchain will flourish.

2. The subversive characteristics of blockchain lie in the following four aspects: first, transparency. The data record of the blockchain system is transparent to the nodes of the whole network, and the update operation of the data record is also transparent to the nodes of the whole network, which is the basis of the trustworthiness of the blockchain system. Because the blockchain system uses open source programs, open rules and high participation, the data records and operation rules of the blockchain can be reviewed and traced by the nodes of the whole network, with high transparency< Second, openness. The blockchain system is open. In addition to the fact that the private information of the parties directly related to the data is always encrypted, the data of the blockchain is open to all (except the blockchain system with special permission requirements). Anyone or participating nodes can query blockchain data records or develop related applications through the open interface, so the information of the whole system is highly transparent< Third, information can not be tampered with. Once the information of the blockchain system is verified and added to the blockchain, it will be permanently stored and cannot be changed (except for private blockchain systems with special change requirements). Unless more than 51% of the nodes in the system can be controlled at the same time, the modification of the database on a single node is invalid, so the data stability and reliability of the blockchain are extremely high
Fourth, decentralization. Decentralization is the most basic feature of the blockchain, which means that the blockchain no longer depends on the central processing node and realizes the distributed recording, storage and updating of data. In the traditional centralized network, attacking a central node can destroy the whole system, while in a decentralized blockchain network, attacking a single node cannot control or destroy the whole network. More than 5% of the nodes in the master network are just the beginning of gaining control. 2019 is the first year for the commercial application of blockchain technology, and the stimulation of favorable policies will make the development of blockchain technology more stable
with the application of blockchain technology graally penetrating into many fields such as digital finance and Internet, we have a clearer understanding of the value of blockchain
blockchain has formed a situation of global competition, and all countries are seizing the development opportunities, let alone China; Therefore, there is no doubt that blockchain has become a national strategy.

3.

Singapore blockchain ICO company

according to the analysis of market results, at present, 70% of the companies registered in Singapore are public companies, and 30% are private limited companies

in particular, there is no legal entity in Singapore called "foundation". What we usually call registered Singapore foundation refers to the type of public company

Singapore public company:

1. Independent legal entity

(2) limited liability: joint and several liability is the maximum amount of guarantee promised by each member (it is possible to compensate at most S $1)

3. No shares or share capital

4; Articles of association) to clarify the upper limit of each member's liability

Non profit: initially, it was mainly for non-profit organizations

6

the company needs at least 2 company officials. At least one director must be Singaporean or permanent resident (Bajie can provide)

Singapore private limited company:

1. At least one shareholder and at most 50 shareholders can be natural persons and companies

2. At least one local director and one legal secretary (not the same person, Bajie can provide them)

3. Limited liability

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Three years before the establishment of the company, the profits of the first 100000 Singapore dollars are exempt from corporate tax, the tax rate of the company within 300000 Singapore dollars is 8.5%, and the tax rate of the part exceeding 300000 Singapore dollars is 17%

is Singapore blockchain ICO a public company or a private limited company? What are the conditions

registration conditions and fees of Singapore public company:

1. Company Name: English only, company type is public guarantee limited company, ending with Ltd. or limited

Registered capital: there is no registered capital, but each member will pay in S $1

3. Members of directors: the requirements of directors are the same as those of ordinary companies, but there are no shareholders

Registered address: Bajie can provide

Business scope: at most 2 main business activities can be selected (generally computer software, network, information technology, etc.)

Legal secretary of the company: Bajie can provide

registration time: 4-6 weeks

registration conditions and fees of Singapore private limited company:

1. Company Name: English only, company type is private limited company, ending with PTE. Ltd

2. Registered capital: there is no need to verify the capital. The minimum is S $1, the maximum is S $500000, and the annual fee of Singapore business alliance is required

3. Directors and shareholders: at least one scanning of passport + ID card (address proof) of directors and shareholders shall be provided, and non Singaporean shall register. If an account needs to be opened later, at least two directors (except Singaporean local directors) shall be provided for registration

4. Registered address: local registered address in Singapore (available from Bajie)

Business scope: at most two main business activities can be selected (generally, the business scope of computer software, network, information technology, etc.)

Legal secretary: provided by our company

registration time: usually 3-4 weeks

note: after the registration of general for-profit foundation, there is no need to audit if there is no bank account, while the annual inspection and audit of non-profit foundation must be done every year after the registration

after the Singapore blockchain ICO company established the Singapore foundation, if it wants to issue currency, it will also involve four certificates:

1. White paper compliance: to prove that the projects undertaken by the foundation are in line with Singapore regulations, to prevent MAS (monetary authority of Singapore) investigation, which need to be used when going to the exchange

2. Token non securitization proof: prove that the project is non securitized, avoid causing trouble, and securitization is unable to engage in block chain related business in Singapore

3. Compliance of private placement terms: proving that the fund raising and sales concted before going to the exchange are legal and compliant

4. Compliance of public offering terms: it is equivalent to the commitment made to the majority of investors after going to the stock exchange, increasing the confidence of investors

note: the above certificates can be provided by Bajie Singapore lawyers