金融普惠的区块链生态系统有哪些,金融普惠的区块链生态系统包括

金融普惠的区块链生态系统是一个复杂的、跨行业的系统，由多个元素组成，主要包括：去中心化金融，智能合约和货币政策。

去中心化金融：去中心化金融是指没有中央机构参与的金融活动，它允许用户在不同的地方直接进行资金交易。去中心化金融的优势在于它的安全性、隐私性和可信度，可以有效降低金融机构的中介成本，提高金融服务的效率和可访问性，实现金融普惠。

智能合约：智能合约是一种基于区块链技术的自动执行合同，它可以在特定的条件下自动执行，而不需要任何人为干预。智能合约可以帮助用户解决交易双方信任的问题，可以有效降低交易成本，同时还可以在不同的地方实现资金交易，实现金融普惠。

货币政策：货币政策是指政府采取的货币政策，它可以促进经济发展，提高消费者和企业的信心，改善金融市场的功能，促进金融普惠。货币政策可以通过改变货币供应量和利率来调节经济状况，让金融更加普惠，让更多人能够从金融服务中受益。

总之，金融普惠的区块链生态系统是一个复杂而又有效的系统，由去中心化金融、智能合约和货币政策组成，可以有效降低金融机构的中介成本，提高金融服务的效率和可访问性，实现金融普惠，让更多人能够从金融服务中受益。
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1. What is FXTM

According to the "Notice on Strictly Investigating and Punishing Illegal Foreign Exchange Futures and Foreign Exchange Margin Trading Activities", any unapproved institution that conducts foreign exchange margin transactions without authorization Any transaction is illegal. The People's Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the State Administration of Foreign Exchange and their branches have not approved any institution to carry out or carry out foreign exchange margin trading business in my country. Third-party payment institutions are not allowed to provide online platforms that engage in foreign exchange margin trading. Payment and settlement services.
99% of overseas foreign exchange and futures platforms under the banner of foreign exchange investment such as exness, They all end badly! In fact, formal European and American foreign exchange and futures platforms that are regulated by the British FCA, Cyprus CySEC, the American NFA, and the European Securities and Markets Authority ESMA have very strict leverage restrictions in order to protect investors, and can only allow a maximum of 30 times leverage operations. In this way, most investors are also at a loss. For Chinese illegal foreign exchange deposit online gambling fraud platforms such as Exness, Click to liquidate the position, count more money when losing money, and count less money when making profits, limit withdrawals, and disconnect the card at critical moments. Many people start with a small amount of money and slowly fall into gambling addiction. In the end, they end up bankrupt, heavily in debt, broken up in their families, and separated from their wives. Everyone must be careful not to fall into such illegal foreign exchange deposit online gambling fraud platforms!

2. What is the goal of WaykiChain?

WaykiChain makes full use of the decentralized, non-tamperable and fair and just characteristics and advantages of blockchain technology to realize the new era background. The construction and development of new business models will completely subvert the existing traditional betting industry, traditional asset trading platform, and traditional foreign exchange market acceptance industry with a market size of hundreds of billions of dollars. Committed to building a third-generation blockchain (Blockchain 3.0) underlying system based on Bitcoin and Ethereum with new and powerful technological features, WaykiChain aims to provide enterprise-level blockchain infrastructure and industry solutions. Ultimately build an independent and self-sufficient business ecosystem.
As the third generation blockchain underlying system, WaykiChain perfectly inherits the characteristics and advantages of traditional blockchain ecosystem technology, and solves the current technical bottlenecks of blockchain, truly transforming blockchain into Integrated with commercial applications. In addition, WaykiChain has vigorously and continuously invested in the research and development and innovation of financial technology represented by blockchain technology, applying it to enhance the value of traditional industries and promote the vigorous development of blockchain technology in various industries (area Blockchain+), supplemented by a clear strategic development direction, to create a mutually beneficial and win-win blockchain ecosystem in the 21st century.

3. The blockchain 3.0 ecosystem will give you a brief understanding of the ecological order

The blockchain 3.0 ecological operating system is also called the "public chain". It is equivalent to the infrastructure of the blockchain world. Developing blockchain application scenarios on the public chain is like developing an APP on a complete set of mobile APP development software. It can provide considerable convenience for the development of blockchain technology or applications. Therefore, the underlying ecological operating system developed based on blockchain technology has always been the focus of the development of blockchain technology.

Among many public blockchain chains, the emerging Ecological Order (ECOL) is often not understood by people. What is the Ecological Order? What is the difference between Ecological Order and other blockchain platforms and public chains? So, let’s find out together below!

Ecological Order (ECOL) aims at blockchain 3.0 and brings together many domestic and foreign experts, scholars and elites in the fields of blockchain, big data, Internet of Things, artificial intelligence (AI) and other fields. Programmers join forces to jointly conceive the intelligent blockchain 3.0 system with a scientific and rigorous attitude. It emerged to solve the many problems of current blockchain technology such as being unfriendly, inefficient, low scalable, non-interoperable, and difficult to upgrade, and to build a pluggable, transferable, and arrangeable modular, intelligent, Solutions for efficient and effectively decentralized blockchain ecosystem and application scenarios.

Ecological Order (ECOL) has the following design features:

Parallel expansion - parallel processing of network sharding

Ecological Order (ECOL) Using parallel expansion technology, through "main chain + side chain" multi-chain parallel, cross-chain communication and other operating mechanisms, the business of the main chain and side chain is separated to meet the demand of tens of millions of TPS. Network sharding parallel processing brings continuous scalability and a reliable high-performance foundation to your applications. Existing single-threaded functionality forces each application to share the capacity and performance of a single-threaded blockchain, creates hard scaling limits, and ultimately suffers from network congestion that can cause platform-wide downtime.

Self-evolution - a modular intelligent system coordinated by artificial intelligence

Ecological Order (ECOL) adds artificial intelligence modules to the basic functional modules of the network main chain, artificial intelligence The intelligent module will observe the changes in the network, learn from the packaging and broadcasting, the addition and deletion of modules, the generation of side chains, and the solution of problems in the network and continue to grow, simulate various situations and Handle it by yourself and eventually grow into a professional and impartial "blockchain network artificial intelligence expert". Each node can achieve mutual trust by trusting artificial intelligence and solve problems such as low efficiency caused by the innate lack of mutual trust between nodes.

Simplifying blockchain technology application development - functional modularization

Ecological Order (ECOL)Different functional modules in the blockchain can be packaged separately. On the basis of modularization, the development cost and difficulty of the ecological side chain will decrease linearly compared with the traditional blockchain technology, and the development threshold will also be reduced. The side chain technology of Ecological Order can more easily penetrate into all walks of life.

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4. Popular talk about Seele Yuanyi

Project points

Project name: Yuanyi Seele

Project goal: Create a new era of value for the Internet

Project attributes: Public chain

Leek star rating: ★☆☆☆☆

Overview

Yuanyi Seele positions himself as a "value Internet infrastructure standard promoter, network builder, and ecological evangelist." It is hoped that through the construction of the "Yuanyi Ecosystem", the goal of "co-creating a new era of value-based Internet" can be achieved.

Unlike most blockchain projects, Yuanyi Seele is not named from its English abbreviation. Seele means "soul" in German, and it also represents the core of a person's basic ideas or actions. Yuan and Yi both mean creation and origin.

This naming also shows the concept that Yuanyi Seele wants to express: to become the "birthplace" of blockchain applications, allowing other blockchain projects to develop on their own basis.

The white paper also claims that Yuanyi Seele is the first block in the world to introduce a new neural network consensus algorithm and build a "heterogeneous forest" value exchange network for high-throughput concurrency of large-scale heterogeneous nodes. chain ecosystem.

It doesn’t matter if you don’t understand. Yuanyi Seele proposed the concept of blockchain 4.0 – this must be a new era. It is different from the blockchain 1.0 era represented by Bitcoin, the blockchain 2.0 era represented by Ethereum, and the blockchain 3.0 era represented by EOS.

The current situation is that EOS, the representative of "Blockchain 3.0", is still under development, and the concept of "Blockchain 4.0" has already begun. If this continues, "Blockchain 5.0, 6.0..." I believe will soon appear, without even leaving the seniors a chance to name it.

Industry Model

Yuanyi Seele proposed the concept of "meta-chain", that is, Seele provides the lowest-level global services for other blockchains, and all blockchains Applications can realize application implementation, cross-chain interaction, etc. in the "Yuanyi Ecosystem".

Of course, this is not the focus of Yuanyi Seele’s white paper.Ethereum and EOS have similar designs. The most important breakthrough of Yuanyi Seele is to solve many problems of the existing blockchain system.

In view of the "SSE contradiction", cross-chain interaction problems, on-chain resource allocation and other problems existing in the consensus algorithm of the existing blockchain system, the white paper claims to have been perfectly solved through technical means.

Technology

The technical description of Yuanyi Seele white paper occupies the vast majority and is full of high-level nouns and concepts: micro real numbers, neural network consensus algorithm, heterogeneous forest network Structure, QVIC and VHTTP protocols, etc...

Down-to-earth explanation

Corresponding to many high-level concepts, the white paper uses many down-to-earth analogies to analyze These high-level concepts, such as using DNS to explain its heterogeneous forest structure.

According to the white paper, the Seele heterogeneous forest structure is to "build a bridge between the real world and the digital world to realize the definition, storage, transfer and conversion of resources and assets on the value Internet, thereby promoting the value Internet. The integration of business and traditional Internet business."

In fact, anyone who knows DNS knows that DNS does not involve data exchange, and the Internet ecosystem is not built on DNS. Use the DNS analogy" The lofty concept of "heterogeneous forest" is very inappropriate and makes people question the rigor of the entire white paper.

This is like an academic paper in an academic journal, but the content is a fairy tale written for 5-year-old children to understand, and very inappropriate comparisons are made in order to reduce the difficulty.

Of course, it may be that the white paper highly simplifies the concept in order to take care of the readers' understanding - after all, blockchain technology is too subversive, and it is normal for the audience not to understand it.

Breakthrough transformation

In this way, the white paper describes Seele’s breakthroughs in four aspects: neural network-based consensus mechanism, heterogeneous forest network topology , VTP and VHTTP value transfer, application protocols, and low-latency transport layer protocol QVIC.

The consensus mechanism of the neural network claims to solve the "SSE contradiction" of the existing consensus mechanism, that is, the irreconcilability in scale (Scalability), security (Security), and efficiency (Efficiency).

Through the so-called neural network consensus mechanism, Seele breaks the strict serial growth logic of blocks and attempts to transform the entire process of establishing consensus for each blockchain one by one into multiple independent continuity Random variables are solved to improve consensus speed.

Simply put, it converts N serial logical calculation problems directly into N parallel mathematical calculation problems, thereby breaking through the limitations of timing and complexity.

In addition, the white paper mentioned that the neural network consensus mechanism changes "the discrete voting of the consensus process into continuous voting." The so-called continuous voting is to confirm the consensus by judging the consensus "tendency" of the nodes, thereby improving the system efficiency, and even achieving "the more nodes, the higher the consensus efficiency."

Such changes make people wonder whether Seele has ignored the original intention of the blockchain: blocks generate serial logic and consensus mechanisms, which are important foundations of the blockchain. After such changes, how to ensure the reliability of the consensus mechanism?

Others

It can be said that the heterogeneous forest structure and other concepts, such as VTP, VHTTP, QVIC, etc., have no substantial technical analysis other than concepts - perhaps this is also Analogy explains why.

The white paper mentions a set of VTP and VHTTP protocols defined for multi-chain communication. Their logic is consistent with UDP and HTTP. The fundamental question is whether it is necessary to define a new set of protocols instead of Adapt communication interfaces between main chains.

The white paper also focuses on the concept of "computing power fusion", that is, "off-chain desktop systems and distributed clusters that control computing resources through contract entities", which is actually an in-chain distributed computing system .

For a system like blockchain, which is itself a distributed computing system, building an internal distributed computing system may be a relatively innovative idea, but I don’t know how to implement it.

Others, such as the transport layer protocol QVIC, "pre-link" mechanism, etc., because the language is unknown, it is impossible to judge how they achieve the claimed effect.

Overall, the Seele white paper proposes too many cool technical concepts. However, upon closer inspection, the goal of solving the problem has given rise to more doubts and problems, and some measures may even go further and further away from the goal.

By the way, "node" and "node" are used interchangeably in the white paper. Theoretically speaking, nodes have the meaning of end, which is contradictory to the decentralized nature of blockchain.

Economic System

Because Yuanyi Seele solves the efficiency problem of the consensus mechanism, it achieves "the more nodes, the higher the efficiency." Therefore, the incentive mechanism has mainly encouraged nodes to join. Whether it is participating in consensus or packaging blocks, there are value incentives.

The white paper points out that the traditional mainstream methods are essentially the two crudest solutions:

1. Whoever has the money has the final say;

2. Whoever takes advantage of the situation in advance has the final say.

It is proposed that Yuanyi’s incentive mechanism takes into account both efficiency and fairness, which is worth looking forward to. However, the description of how to achieve this goal is not clear enough in the white paper. Compared with a large amount of advanced technical content, it is obviously only It can be summed up in one stroke, making people confused.

In terms of issuance, Seele has introduced a token model, using tokens as value incentives and trading assets. The white paper does not explicitly mention that there are several modes of obtaining the tokens, nor does it mention whether the tokens are the ultimate digital asset.

In the motivational paragraph, the "analogy" problem also arises. The white paper states: In terms of transaction fees, we are similar to Ethereum’s gas. However, there is no detailed description of Seele's own incentive mechanism. This behavior of borrowing other products to explain its own mechanism may indicate that the project party has not thought deeply about this issue.

Team and Resources

Judging from the white paper, the technical configuration of the project team is very strong, with a complete mix of scientists, system architects and programmers from all over the world. Perhaps the cool and mysterious technologies mentioned in the white paper are not difficult to implement in the hands of such a powerful team.

The roadmap shows that Seele will release the official network in Q4 of 2018. Even with a strong technical team, the time can be said to be quite tight.

The white paper does not mention cornerstones, capital institutions, etc., and it is impossible to estimate the capital power behind it. However, the operator who can gather such a strong technical team should also have a certain amount of energy.

Having cool technology but being unable to express it clearly is a common problem among purely technical teams. The white paper lists a large number of technical terms and ambitious goals. As for whether the technology can be achieved and whether the goal can be achieved, at least judging from the content of the white paper, it is unconvincing.

5. What is DeFi (decentralized finance) and what is the ecosystem behind it

3. Decentralized prediction platform

< p>Prediction markets have long been a popular financial tool for hedging risks and speculating on global events. Decentralized prediction markets achieve the same functionality, but with cryptocurrencies and the inability to censor the market. Augur already offers everything from political and weather forecasts to dealing with real-world risks of financial or adverse events.

4. Exchanges and open markets

The role of exchanges is realized through decentralized exchanges (DEX). A DEX is a P2P market for assets on Ethereum between two parties, with no third party acting as an intermediary for transactions. Therefore, they differ from centralized exchanges like Coinbase & Co. in this regard. Some DEXs also use some highHighly innovative token exchange methods such as atomic swaps and other non-storage ways of exchanging one asset for another with minimal settlement time and risk.

Other types of open markets focus on exchanging non-fungible tokens (NFTs), often called cryptocurrency collectibles. Platforms like OpenSea and Rarebits facilitate the search and purchase/sale of crypto assets, ranging from NFTs in games like Cryptokitties to virtual parcels in the game Decentraland. Some markets, such as District0X, are even said to allow users to create their own exchanges and vote on the governance process. Current examples of dexes offering cryptocurrency trading include Binance DEX and Ether Delta.

5. Stablecoins

Nowadays, there are many types of stablecoins. They differ in part in how they issue coins, how their reserves are checked, and the mechanisms by which prices are determined. Stablecoins are tokens issued by the blockchain that aim to maintain a stable value. This is usually achieved by pegging it to the US dollar, gold or other external assets. Roughly speaking, stablecoins can be divided into the following three categories:

Cryptocurrency pledged, fiat currency pledged, non-pledged

Cryptocurrency pledged stablecoins include Maker’s Dai. However, stablecoins backed by fiat currencies are by far the most popular stablecoins on the market. The first was Tether, although there are now many alternatives. The models of these stablecoins are not that different from each other. For all of this, users must trust the provider. Some offer regular and voluntary audits to build the necessary trust through transparency.

Uncollateralized stablecoins are neither centralized nor backed by cryptocurrency assets. They are based on algorithms to maintain stable values. Simply put, the algorithm takes supply and demand as parameters and adjusts accordingly to always maintain a balance. Basis was a pioneer in the category but failed due to regulatory concerns. As a result, the project was abandoned.

The future of DeFi—what’s the potential?

Of course, the final question is how big is the potential of the entire DeFi movement? Basically it can be said that there are a lot of things in the cryptocurrency space that are simply exaggerated. Immeasurable potential is attributed to the vision, so the actual product has no chance of living up to the inflated expectations. What follows is severe disillusionment and boredom. However, compared to DeFi, it is different because there are already some finished products, such as MakerDao, and the market has accepted them well.

Despite this, we are still in the early stages of the entire DeFi movement. However, the potential behind it is huge. Even if only a small part of DeFi (such as Lending) succeeds in the future, this is more than enough. If the DeFi ecosystem is able to offer loans with better terms than most national banks and other lending institutions, it could lead to global adoption.

But this is because we are already in the DeFi field and are stillOne of the biggest hurdles to overcome. On the one hand, more education is needed so that the masses even know that this alternative exists. As before, only a very small percentage of people are worried about issues related to cryptocurrencies and blockchain technology. Especially there are even fewer people who deal with the DeFi sector and have not even heard of it. On the other hand, the user-friendliness of such products must be greatly improved, thus paving the necessary path for mass adoption of the product and global adoption.

6. Blockchain for inclusive finance in social work

Reprinted from Guo Yan

1. Imagination is the fundamental driving force

Social work is a profession based on practice. It is a discipline that promotes social change and development, improves social cohesion, empowers and liberates human beings. Its service targets are mostly disadvantaged groups in society. Practitioners are called "social workers" ". The core idea of ​​social work is that everyone is capable and can change.

The concept of Inclusive Finance was proposed by the United Nations in 2005. It refers to the provision of appropriate and effective financial services at an affordable cost to all classes and groups of society in need of financial services. , small and micro enterprises, farmers, urban low-income groups and other vulnerable groups are its key service targets.

The geek spirit behind the blockchain and its decentralized characteristics are a rebellion against the unequal will hidden behind centralization and authority, and a struggle for equality, scalability and the return of humanity. The pursuit of trust.

Social fairness and equality, giving ordinary people their due rights, is the common pursuit of social work, inclusive finance and blockchain. The three achieve the same goal through different paths, which corresponds to "every unknown person, Everyone should live with dignity."

Professor Yunus, founder of Grameen, said that imagination is the fundamental driving force for realizing dreams. Professor Yunus, founder of Grameen, said that imagination is the fundamental driving force for realizing dreams. By giving full play to the imagination of sociology, social work and financial technology, three people with the same background met and gave birth to the G2G (Group to Group) project.

2. Grameen-Jingtong Technology Inclusive Finance G2G Experiment

Grameen was founded by Bangladeshi banker Professor Yunus, aiming to provide low-income people with Financial Services, Poverty Alleviation, “Embracing the Untouchables of the Financial Community"". Grameen's philosophy is consistent with the original intention of Jingtong Technology founder Jingdi Wangtian (Zhou Sha) to establish Jingtong in 2014 to promote inclusive finance. At the same time, Grameen's five-person group and each ten-person group To form a center, the operating mode in which node center managers need to be rotated every year coincides with the decentralized nature of the blockchain; Grameen does not have complicated contracts, and signatures on the form will take effect. Manual accounting can be viewed by anyone. The characteristics of Jingtong Technology are similar to the open and transparent distributed accounting method of blockchain. However, Grameen’s manual accounting method has the disadvantage of inconvenient dissemination. Jingtong Technology records and publicizes data through the chain, surpassing Grameen. The excellent credit record of 99% repayment rate is passed on to the market, making up for the shortcomings of Grameen’s manual accounting method and bringing together more diverse forces to participate.

Zhang, Vice President of Jingtong Technology With the help of Mr. Pei, Grameen became a node in the Jingtong node ecosystem in October 2018, and took the G2G project as an opportunity to conduct in-depth cooperation. The first principal and interest repayment of the first phase of the G2G experimental project was in February 2019 It was successfully completed on the SWTC public chain on March 28. I was also fortunate to be a member of the second phase of the G2G project, the 002 investment group, on March 21.

Description of the G2G project

1. It not only follows the concept of public welfare, but also follows the laws of the commercial market. The experiment designed an annualized rate of return of 5% to ensure that Grameen members can afford it while ensuring the sustainability of the project. In this way The design enriches the diversity of funding sources and allows more forces in society to participate, which is of great significance.

2. The design of the entire capital circulation process absorbs Grameen’s ideas: G2G (Group to Group) The design of the group-to-group transaction model avoids information blind spots in point-to-point transactions. The investor group is responsible for the capital contribution, and the Grameen member group is the service object. There is no creditor-rights relationship between the two parties, and Grameen conducts daily operations and management. , the SWTC Foundation is responsible for coordination and supervision. Even if the group defaults, Grameen will coordinate and balance the situation and will not affect the investors' income. Professional people do professional things, perform their duties and do not interfere with each other. This way, Poverty alleviation is more precise and more effective.

The operation of the G2G project has richer details, but this is not the focus of this article, so I will not go into details here. The spirit behind the G2G project and the impact on the underlying people The focus is on caring, which is where social work, inclusive finance and blockchain technology shine.

Nietzsche said that life has no meaning.It is righteous, but we have to give it meaning with the spirit of Dionysus. This is the greatest thing about human beings. While one should be wary of all things "great," I personally do want to be able to give my life meaning. It is the feeling given to me by the social work profession, and it is a pretext for self-deception and self-bragging. As an investor, I can participate in the G2G project, grow with Jingtong Technology, and contribute to China’s social work, inclusive finance and It would be an honor to make such a small contribution to the development of blockchain!

7. ATIS automatic operation ecosystem creates blockchain financial perpetual motion machine

If we must say that there is a perpetual motion machine in this world, then Atis has an automatic machine that is infinitely close to a perpetual motion machine. Operating the ecosystem, through its powerful underlying technology, it has achieved blockchain financial perpetual motion, allowing all wealth to flow freely and realizing the good wish of unlimited increase in value.

Atis's automatic operation ecosystem brings together many top blockchain technologies. On the one hand, relying on the advanced business structure, it provides continuous added value to the participants of the Atis system, and also brings ecological co-builders Develop increased capabilities. On the other hand, relying on Atis's powerful underlying technology and combining Atis's decentralized deflationary economic system provides an excellent development environment for ecological co-builders. Atis's own ecological application cluster includes ecological wallet, cross-chain transactions, on-chain payment, AI advertising, cloud disk publishing, anonymous social networking, value insurance, entertainment betting, mortgage loans, etc., providing decentralized and high-quality services to the entire network users. Serve.

With its powerful autonomous ecosystem, Atis has grown rapidly in the market and created extremely optimistic wealth values ​​for all participants. Atis has a very clever financial closed-loop design. Through the hidden energy gathering mode and the black hole destruction mechanism, it can increase the currency holdings of participants while reducing the total circulation of Atis, maximizing the growth of Atis value.

In addition, through small matrix mining and promotion of computing power, believers can conduct mining output and redistribute it based on the standard of comprehensive contribution, and reasonably control the overall transaction flow of the market. quantity. In the near future, Atis will carry hundreds of millions of accounts for high-frequency transactions, form a balanced ecological development in the process of continuously consuming Atis, and realize the development of all resources and traffic for global developers to share. Developers around the world have the best wishes to give back to the Atis ecosystem.

Atis's automatic operation ecosystem breaks through traditional blockchain goldThe financial system uses the strongest underlying technology to mine the shallow commercial value of the blockchain and drive the social value to continuously increase. It can bring a new civilization to mankind, allow wealth to flow again, and benefit everyone. The success of Atis is obvious to all. The popularity of the market, the continuous addition of new communities, the popularity of tens of thousands of WeChat groups, and the constant popularity of Moments also prove the strength of ATIS. Frequency people will always resonate, far exceeding the height of similar platforms in the past. Atis is worthy of our trust!

8. What is the working principle of the Rongze blockchain inclusive financial system and what problems can it solve

Using Rongze blockchain to build an inclusive financial system: in protecting data security In the case of privacy, the blockchain alliance chain is used to open all citizen and legal person data on the government chain to banks in an orderly manner, connecting banks, insurance, securities and other financial institutions, and through consensus smart contracts, it is legal and valid Use data under supervision and authorization, and provide citizens and legal persons with precise financial services such as real estate mortgage loans, credit loans, smart insurance and other financial-related services with the help of government data, windows and basic informatization support. The inclusive finance platform will become a credible channel for government services to be disclosed to social services, and gradually become a safe and reliable communication channel recognized by financial institutions and service agencies, greatly improving the accessibility of finance.

9. What does Younongchain do? Is it reliable?

What is Younongchain? What is Younongchain? What does Younongchain do?
YounongChain is the world’s first agricultural supply chain financial blockchain ecosystem.
Based on the existing blockchain technology, YounongChain aims to activate the potential productivity of agricultural ecology, and combines blockchain technology and design innovation to provide technical infrastructure for agricultural ecology. YouAgriChain reconstructs the credit system for upstream and downstream enterprises in supply chain finance, establishes a wider range of decentralized applications, provides credit endorsement for high-quality supply chain upstream and downstream enterprises, and provides convenient on-chain financial services to achieve agricultural production efficiency and Economic improvement, thus promoting the sustained and rapid development of agricultural ecology.

So, what exactly does Younongchain do? Before that, we might as well first understand the development status of China's agricultural ecological industry.

In the development of the entire agricultural ecological industry, from the supply side, the sales of agricultural products are not smooth, and there is no
market for the products; from the demand side, consumers are suffering from the inability to buy safe food. There is demand but no supply. From the industry's perspective,
these problems are mainly due to the imbalance between supply and demand of agricultural products, and the main reason for the imbalance between supply and demand is the gap between producers and consumers in the three major links of agricultural production, circulation and consumption. Too decentralized and weak, the two parties cannot achieve
information symmetry, cannot directly connect, and cannot determine prices.
In the end, both sides of supply and demand can only make rational but wrong choices: producers use all means to reduce costs
Production, products mustAlthough it is unsafe, there is naturally no market; consumers can only choose products with lower prices, and flow
trade can only engage in price wars, forming a vicious circle.
From the perspective of market value, agricultural planting has gradually evolved from decentralized planting to intensive
large-scale planting in production institutions. Crop planting around the world has gradually established landmark agricultural product brands. ,
But it still has very high market risks. Among them, natural disasters have the greatest impact on agricultural products.

As above, we summarize the pain points of the agricultural ecological industry at the current stage into the following points:

1. Agricultural enterprise production efficiency issues;
my country’s agricultural industry chain It developed later than other countries in Europe and the United States. Under the premise that the degree of agricultural organization is not high,
the organizations are loose, and agricultural infrastructure is seriously insufficient, agricultural industrial production still relies on the traditional
mechanized production model. host. The existing agricultural production model directly results in the low production efficiency of high-quality agricultural products.
The resources required for planting are too large, the cost of agricultural production is high, and the quality of products cannot be improved at high yields. International competition for high-quality agricultural
products Insufficient strength.

2. The problem of information asymmetry in the agricultural production market;
In the field of agricultural production in my country, the phenomenon of information asymmetry is very serious. Under the past economic system, producers
were limited to agricultural production and were not allowed to process and sell agricultural products. All agricultural products were purchased by the government and then transferred to urban residents for consumption through the administrative organization system. Materials and agricultural technology are provided by the government. Agricultural products, processing and sales of agricultural products, and supply of agricultural materials are disconnected from each other. The agricultural industry chain is artificially separated.
Agricultural ecological market information asymmetry mainly manifests itself in two aspects. On the one hand, there is asymmetry in agricultural product planting information. Since a market information transmission mechanism has not been established, it is difficult for producers to adjust planting structures and product output in a timely manner according to market demand. Production is highly blind, which can easily lead to low-level duplication or low-price competition
Competition has caused alternating shortages and surpluses in the supply of agricultural products. Some producers also passively adopt the method of adverse selection
and allocate a large amount of resources to the production of traditional agricultural and sideline products with low technological content and low added value.
This is an important reason why it is difficult to effectively adjust the structure of my country's agricultural industry.
On the other hand, there is information asymmetry in agricultural product transportation and sales channels. Producers do not understand the supply and demand situation in various markets and cannot adjust the supply and demand balance in various markets in a timely manner based on market information.
Agricultural products are frequently unsalable in many parts of the country. Faced with a backlog of hard-to-sell fruits and vegetables, farmers with "high yields" are looking sad, without any joy of a "good harvest".
Case1: The problem of unsalable winter melons in Hainan and Haikou has attracted widespread public attention. Since the city's average temperature is slightly lower than
other cities and counties, and there are rainy weather during pollination, while the winter melon sales in other cities and counties have come to an end,
the local winter melon sales in Shishan Town have just begun, with 3,000 Thousands of kilograms of winter melon are unsalable.
From the above cases, the unsalable agricultural products are due to the asymmetry of production and marketing information between the upstream and downstream of the supply chain. However, from the
analysis of the root cause, the crux lies in the decentralized production and operation model and the lack of timely and effective supply chain production and marketing information.
Therefore, large-scale production and professional management of agricultural ecology and accurate grasp of market channels and information are the keys to
improving market competitiveness.

3. The problem of traceability in the agricultural ecological supply chain;
The entire agricultural ecological supply chain is composed of many participants, there is a lot of interaction and collaboration, and the information is stored discretely in their respective There is a lack of transparency in each link's respective system. The lack of smooth information makes it difficult for all participating entities to accurately understand the real-time status and existing problems of related matters, affecting the collaborative efficiency of the supply chain. When disputes arise
between parties, it is time-consuming and laborious to provide evidence and pursue accountability.

4. Agri-ecological supply chain financial issues, including the following points:
 (1) Enterprises cannot prove their repayment ability
Under the traditional model, agro-ecological agriculture The credit review of production institutions is a link that cannot be bypassed. Small and medium-sized agricultural input enterprises in the agricultural ecology are subject to factors such as management level and business scale, and it is often difficult to obtain higher credit ratings, which creates non-trade factors for accounts receivable pledge financing. interference.
 (2) The authenticity of the transaction itself is difficult to verify
In addition to the qualifications and credit of the agricultural enterprise, whether the transaction itself actually exists is also a key factor for agricultural supply chain finance providers to pay special attention to and issue concerned.
In order to prevent collusion between enterprises in the agricultural ecology and tampering with transaction information, banks and financial institutions generally
will not directly accept the information provided by enterprises, so they need to invest additional manpower and material resources to verify the authenticity of the information.
This increases risk control costs.
 (3) Information is separated from each other and cannot be shared
In the traditional model, the information between participants in each link of the entire agricultural ecological supply chain is
separated from each other and information cannot be shared. , As a result, trust cannot be transferred, and ultimately value transfer cannot be achieved at a low cost and with high efficiency.
Due to risk control considerations, bank financial institutions cannot safely provide
financing services to upstream suppliers or downstream dealers. This results in the huge financing needs of suppliers/dealers not being met, thus As a result
The entire agricultural ecological economy has noTo achieve maximum development of output value.
 (4) Performance risks cannot be effectively controlled
Payment and settlement between suppliers, buyers, and financial institutions in the agricultural ecology are limited by the
contract spirit and willingness to perform of each participating entity , especially when multi-level supplier settlement is involved, misappropriation, malicious breach of contract or
operational risks may easily occur.
(5) The problem of idle agricultural ecological resources.
The basis of agricultural production is land. According to incomplete statistics, a large proportion of idle land in China is shelved and wasted every year, and the country relies on imports for a large number of agricultural consumer goods.

At present, most places in China still rely on intensive farming and small-scale farming, especially in some underdeveloped areas. This is a policy formulated by China in the last century and continues to this day. It is undeniable that this policy played a great role in promoting the development of agriculture for a long time after its formulation. However, with the in-depth development of the market economy, especially after China's accession to the WTO, this model has become increasingly unable to adapt to the fierce market competition due to its lack of operational flexibility and inefficiency, and its operations have become difficult.
Therefore, YounongChain came into being, taking the distributed storage of blockchain as the cornerstone, and combining the characteristics of blockchain technology such as information that is not easily tampered with,
decentralization, openness, and visualization, from The following aspects solve the fundamental problem:

1 Consensus algorithm solves the trust problem

The consensus algorithm of YounongChain enables the data on the chain to be time-stamped and not recorded repeatedly. , difficult to be tampered with and other characteristics
Even if the data of the node is tampered with, it will leave traces and be easily discovered. This ensures the traceability and tamper-proofness of information records
, thus solving the problem of mutual trust between nodes.
The consensus mechanism ensures the authenticity of transactions and the validity of bills and vouchers, which also solves the concerns of banking and financial institutions
that the true information in each link will be tampered with. On the one hand, it solves the problem of financing difficulties caused by
incomplete credit and information of agricultural enterprise institutions. On the other hand, YounongChain has also become an
"excavator" for banking and financial institutions to find high-quality assets, enabling banking and financial institutions to connect with high-quality agricultural enterprises and institutions quickly, accurately and at low cost, thereby
improving The efficiency of fund allocation will ultimately promote the sustainable growth and development of agricultural ecology.

2 Smart contracts prevent performance risks

YounongChain uses smart contracts to create a smart contract generation platform that automatically executes the contract terms on the chain.
As long as smart contracts are added to any transaction and service process in the agricultural ecological supply chain, both parties or parties in the ecological agricultural trade
can perform their obligations as agreed, making the transaction safe and reliable. ,
The transaction data of all parties on the blockchain is solidified, realized and effectively managed.Controlled performance risks.

3 Agricultural ecological trust value can be effectively transmitted

Based on the underlying technology of blockchain, the entire ecological transaction and ecological data information, from the agricultural ecological chain
Data information from the initial procurement of agricultural materials, production and planting, processing and production, warehousing and transportation to terminal sales
can be uploaded to YounongChain through participants in each link, and the data will form a ledger in the record block .
From the supply level, details such as the production process and logistics path of agricultural products can also be provided by end consumers
The traceability of agricultural products.
From the perspective of capital flow, both funds and assets are recorded in ledgers on the blockchain, and records are strictly carried out in accordance with the receipt and payment relationships and vouchers in the transaction
link, making the transaction path clear at a glance. The entire system is more
transparent, effectively solving the problem that traditional supply chain financial trust cannot be effectively transmitted along the supply chain.

4 Reduce cooperation costs and improve contract performance efficiency

Traditional bank financial procedures are quite complicated and various registration categories charge high fees, which not only affects efficiency, but also causes
The financing costs of investment enterprises have further increased.
Younongchain uses blockchain technology to upload past transactions of upstream and downstream enterprises in the supply chain to the chain, and performs encrypted storage
This not only ensures the openness and transparency of the data, but also requires authorization. Compensation is required
to allow the data to be viewed. This allows banks and financial institutions to use the ecological ledger information constructed by YounongChain to query and understand the total historical transaction volume of borrowers when conducting financial business, and use this as an auxiliary basis to evaluate their
Whether the credit is trustworthy. Reduce communication costs, reduce exploratory transactions required in the process of building trust, and improve the efficiency of business cooperation. At the same time, the cost of risk assessment for capital parties or investors is reduced, which subsequently reduces the financing costs of agricultural
enterprise institutions.
With the continuous improvement of the ecology of the excellent agricultural chain, in the ecology surrounding the supply chain data information, the information data generated by people, things, and
things are all transparent, open, and cannot be tampered with. On the premise of ensuring information privacy and security,
supply chain data information has changed from traditional decentralization, isolation, and fragmentation to one centered on nodes participating in the blockchain ecology
Each node can In the ecology, value is created through constant investment of time, energy, assets, etc.
and fair feedback is obtained from the ecology, and the value of the consensus mechanism of all participants in the agricultural ecology is continuously accumulated and constructed. , the value can return to the original rights holders and build a decentralized digital economic ecology.

To sum up, as the world’s first financial blockchain ecosystem based on agricultural supply chain, YounongChain uses blockchain
technology as the basisThe foundation relies on the supply chain resource advantages of cooperative enterprises and combines agricultural supply chain ecological agricultural input enterprises,
agricultural planting institutions, production processors, logistics and warehousing service providers, channel dealers, banking financial institutions, and insurance finance
/>Institutions and consumers explore the application development of blockchain in agricultural supply chains. Send the development and iteration of the entire agricultural ecological blockchain
implementation project, gradually form a blockchain ecological economy, improve the production efficiency
of the agricultural ecological industry, and continue to build a basic platform.
The ecology of You Agricultural Chain is superimposed with the multilateral credit of "people, products, and enterprises". Through digital technology and digital
assets, a global credit system and production of "family, people, enterprises, and brands" are created. , an agricultural
industrial ecological chain based on consumption capacity. Rely on blockchain technology to improve the information island constraints of upstream and downstream enterprises in the traditional agricultural supply chain.
The issuance of digital asset certificates gives full incentives to the participants and contributors of the entire excellent agricultural chain ecology, empowering enterprises in the global agricultural industry chain to complete the industry through blockchain credit ecology and digital means Upgrades and business development.
At the same time, Younongchain joins hands with the ecological community to jointly promote the rapid development of agricultural ecology and lead the entire agricultural area
The blockchain industry has truly entered the 3.0 era.