Review on the research of blockchain joining in Financial Sharin

1. Of course, this is OK
first of all, blockchain is actually a centralized database or a decentralized database, and all technical units are for better maintenance of the public database. Each node keeps a of data independently. Consensus algorithm is used to achieve the data consistency of the node's account book, and cryptographic algorithm is used to ensure the data can not be tampered, and the data can not be tampered and the security of data sending and receiving; Through the script system, the expression scope of account data is expanded
secondly, financial sharing center involves a large amount of financial data. We can combine the technical characteristics of blockchain with Financial Sharing Center. Next, I will combine the technical characteristics of blockchain with Financial Sharing Center
① distributed storage is a distributed database of the blockchain, and each node keeps a of the data independently. If this is combined with the Financial Sharing Center, The users who can join the "financial data on the chain" in the financial sharing chain are equivalent to the "nodes" in the blockchain network, and each user can keep a of the financial data separately, so as to achieve the purpose of sharing
② tampering is not allowed. A very important feature of blockchain technology is that the data cannot be tampered, To ensure the security of a data in the Financial Sharing Center, we need to consider the security as long as the financial data is involved.
of course, before doing the Financial Sharing Center, you must determine your specific needs, if necessary, first write a framework of the whole project, and then find a formal blockchain development team according to the needs, To help you develop this "Financial Sharing Center", we must pay attention to that before formal cooperation is reached, don't disclose the information of your project casually, in order to prevent the same kind from being copied.

2. There are many blockchain applications now, and they are still growing<

the people's Bank of China launched the trade finance blockchain platform: widely connecting the information of tax, customs, foreign exchange and other departments, effectively helping SMEs to increase their financing credit
State Grid supply chain financial data sharing platform based on data side chain: provide conditional and reliable sharing service of supply chain financial data under privacy protection, help small and medium-sized suppliers to revitalize accounts receivable, rece financing cost and increase financial income of financial institutions
there are also Guangzhou public law chain, blockchain e-invoice Express Edition, trade finance blockchain platform, blockchain deposit, blockchain traceability and so on. Cipher finance mimacaijing focuses on blockchain information.

3. With the emergence of cryptocurrencies such as bitcoin, this time tested financial framework is likely to be changed. With the power of blockchain and the rise of this new data based currency, the whole concept of money has been reversed. Although our current understanding of money has changed over the past few decades, thanks to credit cards and fiat money, cryptocurrency is the logical next step in this evolution
this is understandable for accountants, but what does it mean for entrepreneurs? Well, anyone interested in starting or maintaining a successful business will need a competent accounting team. With the change of financial environment, the experience and insight that business accountants need will also change. Understanding this coming paradigm shift can better help entrepreneurs prove their organization in the future, and may even help them save money on business expenses related to accounting
overview of bitcoin modern accounting
the current financial paradigm regards bitcoin, Ethernet and all other cryptocurrencies as assets. In the United States, for example, any form of cryptocurrency is considered property, not money. Although the IRS recognizes that bitcoin can be used as a "medium of exchange", bitcoin is not classified as currency because it usually has the function of "unit of account and value storage space"
as a result of this classification, changes in the value and quantity of cryptocurrencies are taxed as capital gains or losses. mining or buying a lot of bitcoin will lead to capital increase, which will make bitcoin subject to capital gains tax. The same is true for trading or selling cryptocurrency, as these events are treated as taxable capital gains and losses. Therefore, the accounting treatment of the holding amount of the comparative currency or other high-end stocks is roughly the same as that of other forms of equity (such as real estate or stocks)
forecast of bitcoin and accounting in the future
e to the legitimacy of blockchain and cryptocurrency in the financial sector, the accounting nature of bitcoin and other advanced currencies will also change. Although many potential changes are too far away to be accurately predicted, one aspect of accounting is bound to change dramatically, which will inevitably affect all entrepreneurs and business organizations. This aspect refers to audit
here's how blockchain and cryptocurrency are used to brutally disrupt the audit process, and what it means for companies that employ auditors? Because bitcoin is currently classified as the property that must pay capital gains tax, the audit method of its value is called immediate forensics analysis. However, the immediate verifiability of blockchain technology makes this audit method obsolete

when you track these changes and developments, please discuss with your organization's accountant or financial advisor. They can help you understand the further meaning of these events; In some cases, they can even show you what actions you can take to deal with these events, so as to increase your profits, rece your costs, and open up a new development path for your enterprise
on the other hand, if your accountants and auditors are at a loss about your research, consider updating your finance team.

4. Blockchain technology is to use computers to solve some propositions that can't be calculated by human brain. Generally, these propositions can't be judged by backstepping. They can only be tested one by one, so this is our legendary mining. So the stronger the computing power of the computer, the easier it is to try to get the right number, which means that we have succeeded in mining
this is totally different from the operations in accounting. Most of the operations in accounting are floating-point operations, which are totally different.

5. China's domestic groups include Wumart group and Guotai Junan group, which are the financial sharing service mode
more than 70% of Fortune 500 enterprises are applying shared services, 90% of multinational companies are implementing shared services, and the sole proprietorship and joint ventures of large multinational companies in China, such as general electric, HP and IBM, are all financial sharing modes.

6. Financial sharing service is a distributed management mode which relies on information technology, based on financial business process processing, aims at optimizing organizational structure, standardizing process, improving process efficiency, recing operation cost or creating value, and provides professional proction services for internal and external customers from the perspective of market
financial sharing service is to centralize the common functions / functions within a company (or group) and provide standardized services to various business units / departments with high quality and low cost
shared service centers usually focus on functions such as finance, information system, human resources, law, procurement, R & D, etc. in this way, scale effect and cost saving can be achieved, and the quality and consistency of these functions can also be ensured.