区块链的应用方向支付清算是什么,区块链在支付清算的应用

区块链技术作为一种新兴的技术，已经被越来越多的企业和行业所采用，其中，支付清算也是其中一个重要的应用方向。那么，支付清算是什么？区块链在支付清算应用中又有什么作用呢？

支付清算是指支付机构或者金融机构在支付过程中，完成资金的流动，以及账务处理的过程，其中包括有支付、清算、结算等环节。支付清算的目的是为了满足不同金融机构之间的资金流动，以及账务处理的需求，从而使得支付过程更加顺畅、安全、高效。

而区块链技术的出现，为支付清算提供了一种新的解决方案，可以有效的提升支付清算的安全性、高效性和可信度。首先，区块链技术可以有效的保证支付清算过程的安全性，其次，区块链技术可以有效的提高支付清算的效率，最后，区块链技术可以有效的提升支付清算的可信度。

首先，区块链技术可以有效的保证支付清算过程的安全性，区块链技术的特点是去中心化、不可篡改、公开透明，因此，可以有效的防止支付清算过程中的数据被篡改、数据被窃取等安全性问题。

其次，区块链技术可以有效的提高支付清算的效率，区块链技术可以有效的减少支付清算过程中的中间环节，从而极大的提升支付清算的效率。

最后，区块链技术可以有效的提升支付清算的可信度，因为区块链技术的特点是公开透明，可以有效的让支付清算过程中的数据更加可信，从而提升支付清算的可信度。

总之，区块链技术在支付清算的应用中可以有效的提升支付清算的安全性、高效性和可信度，是一种新的解决方案。

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① What are the application prospects of blockchain?

The application prospects of blockchain are mainly in the financial field, Internet of Things and logistics, public services, digital copyright, and insurance. field.

1. Blockchain has huge potential application prospects in financial fields such as international exchange, letters of credit, equity registration and stock exchanges. The application of blockchain technology in the financial industry can eliminate the need for third-party intermediaries and achieve direct point-to-point connection.

2. Blockchain can also be naturally combined in the Internet of Things and logistics fields. This field is considered to be a promising application direction of blockchain. Establishing credit resources in the blockchain can double improve the security of transactions and improve the convenience of IoT transactions. Save time and cost for smart logistics model applications.

3. Blockchain is closely related to people’s production and life in public management, energy, transportation and other fields. The decentralized and fully distributed DNS service provided by the blockchain can realize domain name query and resolution through point-to-point data transmission services between various nodes in the network.

4. Through blockchain technology, works can be authenticated, proving the existence of text, video, audio and other works, and ensuring the authenticity and uniqueness of ownership. After the rights of the work are confirmed on the blockchain, subsequent transactions will be recorded in real time, realizing full life cycle management of digital copyright, and can also be used as a technical guarantee in judicial evidence collection.

5. In terms of insurance claims, insurance institutions are responsible for fund collection, investment, and claims settlement, and often have high management and operating costs. Through the application of smart contracts, there is no need for the policy holder to apply or the insurance company to approve it. As long as the claim settlement conditions are triggered, the insurance policy can automatically settle claims.

(1) Application direction of blockchain Payment and settlement Extended reading:

Core technology of blockchain

1. The consensus mechanism completes the verification and confirmation of transactions in a short period of time through the voting of special nodes; for a transaction, if several nodes with unrelated interests can reach a consensus, it can be considered that the entire network can also reach a consensus on it. consensus. The goal of the blockchain consensus mechanism is to enable all honest nodes to maintain a consistent view of the blockchain.

2. Asymmetric encryption requires two keys for encryption and decryption. These two keys are the public key and the private key. The public key corresponds to the private key. When the public key is used in the encryption process of data, it can only be decrypted by using the corresponding private key. On the contrary, when the private key is used in encrypting the data, only the corresponding private key can be used to decrypt the data. Only the corresponding public key can be decrypted.

② In which fields is blockchain suitable for application?

The first one is the information security industry.
The second one is the bill business field
The third one is the payment and settlement business.
Fourth, identity/account authentication business.
Fifth, each node participating in the maintenance of the proof-of-stake blockchain can obtain a complete data record, using blocksThe characteristics of chain reliability and collective maintenance can confirm the rights of the owners of rights and interests.
Blockchain technology is really powerful. With the advancement of the times, this technology may change the development direction and trend of the financial industry, and because the blockchain technology itself has large capacity, high-speed computing, security, and convenience And other characteristics have laid a strong foundation for the advancement and popularization of technology.

③ What are the application fields of blockchain?

What are the application fields of blockchain? Introduction to the Blockchain Application Industry
As we all know, blockchain is very popular now. It is a shared distributed database technology. Blockchain technology will have very good results in different industries with its remarkable characteristics. Development prospects, so what are the application areas of blockchain?
Blockchain Applications
1. Digital Currency: At present, the most extensive and successful application of blockchain technology is the digital currency represented by Bitcoin. Digital currency has developed rapidly in recent years. Due to the characteristics of decentralized credit and frequent transactions, it has a high transaction value and can maintain a relatively stable price through the development of hedging financial derivatives as a quasi-super-sovereign currency. Since the emergence of Bitcoin, hundreds of digital currencies have appeared one after another, and a relatively large industrial chain ecosystem has been formed around the generation, storage, and transactions of digital currencies. Taking Bitcoin as an example, participating institutions can be mainly divided into four categories: infrastructure, trading platforms, ICO financing services, and comprehensive blockchain services.
2. Financial application: Blockchain has inherent advantages in the financial field. On the Internet, this is determined by the genes of blockchain. From a subjective point of view, financial institutions are the most willing to explore blockchain applications and need new technologies to improve operational efficiency and reduce costs to cope with the current status of the entire global economy. Objectively speaking, the market space in the financial industry is huge, and a little progress can bring huge benefits. The financial industry is an industry with extremely high requirements for security and stability. If the application of blockchain in the financial field is verified, it will have a huge demonstration effect and be quickly promoted in other industries. In the financial field, in addition to digital currency applications, blockchain has gradually begun to be applied in cross-border payments, supply chain finance, insurance, digital bills, asset securitization, bank credit reporting and other fields.
(1) Insurance business: With the development of blockchain technology, personal health status, accident records and other information may be uploaded to the blockchain in the future, allowing insurance companies to be more timely and timely when customers apply for insurance. Accurately obtain risk information to reduce underwriting costs and improve efficiency. The shared and transparent characteristics of the blockchain reduce information asymmetry and the risk of adverse selection; while its historical traceability characteristics are conducive to reducing moral hazard, thereby reducing the difficulty and cost of insurance management.
(2) Asset securitization: The business pain point in this field lies in the fact that the authenticity of the underlying assets cannot be guaranteed; there are many participating entities, multiple operating links, low transaction transparency, and information asymmetry, making it difficult to control risks. The pain point of data lies in the low efficiency of data transfer among the participants and the transaction system between the parties.Inter-system fund clearing and reconciliation often require a lot of manpower and material resources, and asset repayment methods have multiple online and offline channels, making it impossible to monitor the true status of assets. After the asset package is formed, various institutions in the transaction chain have doubts about the authenticity of the underlying asset data. and trust issues in accuracy.
(3) Digital tickets: The pain points in this field lie in three risk issues. Operational risk: Due to the centralization of the system, once there is a problem with the central server, the entire market will be paralyzed; market risk, according to statistics, in 2016, there were seven risk events involving hundreds of millions of dollars, involving multiple banks; moral hazard , there are incidents such as "one ticket selling more" and false commercial bills in the market. Blockchain's disintermediation, system stability, consensus mechanism, and non-tampering characteristics reduce operational risks, market risks, and moral risks in traditional centralized systems.
(4) Cross-border payment: The pain points in this field are long payment cycle, high fees and low transaction transparency. The third-party payment company is the center to complete the accounting, settlement and liquidation in the payment process, and the payment cycle is long. For example, the payment cycle for cross-border payments is more than three days, and the cost is high. The blockchain is deintermediated, transactions are open, transparent and cannot be tampered with. No third-party payment institutions are involved, which shortens the payment cycle, reduces fees and increases transaction transparency.
(5) Credit information management: The pain points in this field are the lack of data sharing, information asymmetry between credit information agencies and users; formal market-oriented data collection channels are limited, and the battle for data sources consumes a lot of costs; data privacy protection issues are prominent , the traditional technical architecture is difficult to meet new requirements, etc. In the field of credit reporting, blockchain has the characteristics of decentralization, trustlessness, timestamps, asymmetric encryption and smart contracts. At the technical level, it ensures that limited and controllable credit can be achieved on the basis of effectively protecting data privacy. Data sharing and verification.
(6) Supply chain finance: The pain points in this field are the long financing cycle and high costs. Centered on the core enterprise system of the supply chain, it is difficult for third-party credit enhancement institutions to authenticate the authenticity of various relevant vouchers in the supply chain, resulting in long manual review times and high financing costs. The blockchain's deintermediation, consensus mechanism, and non-tampering characteristics eliminate the need for third-party credit enhancement agencies to verify the authenticity of various relevant certificates in the supply chain, reducing financing costs and shortening the financing cycle.
(7) Asset securitization: The business pain point in this field lies in the fact that the authenticity of the underlying assets cannot be guaranteed; there are many participating entities, multiple operating links, low transaction transparency, and information asymmetry, making it difficult to control risks. The pain point of data lies in the low efficiency of transfers between participants, the clearing and reconciliation of funds between parties’ trading systems often requires a lot of manpower and material resources, and there are multiple online and offline channels for asset repayment, making it impossible to monitor the true status of assets, and there are still assets After the package is formed, the trust of all parties in the transaction chain in the authenticity and accuracy of the underlying asset data is an issue. Blockchain's deintermediation, consensus mechanism, and non-tampering characteristics increase data flow efficiency, reduce costs, monitor the true status of assets in real time, and ensure the transaction chain.The issue of the trust of various institutions in the underlying assets.
3. Blockchain + Industry Application:
As the application of blockchain technology in the financial field continues to be verified, its technical advantages are gradually showing value in other industries. At present, blockchain application projects are gradually being implemented in fields such as medical and health, IP copyright, education, culture and entertainment, communications, charity, social management, sharing economy, and the Internet of Things, and "blockchain+" is becoming a reality.
(1) Blockchain + Medical: In the medical field, blockchain can use its anonymity, decentralization and other characteristics to protect patient privacy. Electronic health records (EHR), DNA wallets, drug anti-counterfeiting, etc. are all possible application areas of blockchain technology. IBM predicted in last year's report that 56% of medical institutions around the world will invest in blockchain technology by 2020.
(2) Blockchain + Internet of Things: The Internet of Things is a very broad concept. If communications, energy management, supply chain management, sharing economy, etc. are included, the Internet of Things application of blockchain technology will become a very important application field.
(3) Blockchain + IP copyright & cultural entertainment: The Internet is developing better and better, and digital music, digital books, digital videos, digital games, etc. have gradually become mainstream. The rise of the knowledge economy has made intellectual property rights a core element of market competition. However, intellectual property infringement is serious in the current Internet ecosystem, and the copyright protection of digital assets has become a pain point in the industry. Blockchain has the characteristics of disintermediation, consensus mechanism, and non-tampering. Blockchain technology can effectively integrate all aspects of the cultural and entertainment value chain, accelerate circulation, and shorten the value creation cycle; at the same time, the value of digital content can be realized Transfer, and ensure that the transfer process is credible, auditable and transparent, effectively preventing piracy and other behaviors.
(4) Blockchain + Public Services & Education: In the fields of public services, education, charity and public welfare, issues such as file management, identity (qualification) certification, and public trust all exist objectively. The traditional method is to rely on A credible third party provides credit endorsement, but problems such as fraud and deficiencies still exist. Blockchain technology can ensure the integrity, permanence and unchangeability of all data, and thus can effectively solve the difficulties and pain points in these industries in terms of certificate storage, tracking, association, and backtracking.

④ How is blockchain technology used in the banking industry?

The biggest feature of blockchain technology is decentralization, and this feature will reduce a lot of costs for the banking industry.

First of all, decentralization means that intermediaries are no longer needed to establish a trust mechanism between banking systems, saving intermediary costs.

Secondly, the development of digital currency will make it possible to realize real-time digital transactions in banks. For example, in bill transactions, bank bill transactions have always relied on a third party to realize the transfer of valuable certificates. Even electronic bill transactions require interactive authentication through information from the central bank's ECDS system. And blockchain technologyIt can realize point-to-point value transfer and no longer needs centralized system control. This not only speeds up the speed of bill transfer, but more importantly, it can reduce errors caused by human factors. The reduction in process will naturally reduce the bank's The demand for personnel saves the bank’s labor costs.

Finally, it will also have an impact on clearing and settlement. The bank's clearing and settlement business has always been completed by central clearing, which is inefficient. Settlement through blockchain technology will greatly improve the efficiency of banks.

Blockchain technology also plays a major role in banks’ cross-border payment services. Today, when global trade is highly developed, cross-border payments are becoming more and more frequent, and banks often act as third-party services in cross-border trade, such as electronic transfers, asset custody, etc. However, cross-border payments generally take about 2 days to arrive, which is very inefficient and reduces the utilization of funds in transit. In blockchain technology, both parties of cross-border payments can be completed in a point-to-point manner, achieving round-the-clock payment and real-time arrival, thereby speeding up clearing and settlement, thereby improving the efficiency of bank processing business.

Another feature of blockchain technology is de-risking. Banks can build their own blockchain, which can ensure that bank customers’ transaction information and transaction records are true and valid and will not be compromised. Without any tampering, the bank can effectively identify the customer's information, understand all aspects of the customer's situation, identify the customer's abnormal transactions, and prevent being deceived by the customer, thus reducing the bank's supervision costs.

⑤ What fields is the blockchain suitable for?

There are many fields where the blockchain is applicable. Just like when the Internet just started, some people would ask what fields the Internet is suitable for. In the future it will apply to every aspect of our lives. Now we have seen applications in medical, education, aviation, finance, social networking, games and other fields.

⑥ How to apply blockchain How to apply blockchain

1. Financial field:

Blockchain in international exchange, letters of credit, equity Financial fields such as registration and stock exchanges have potentially huge application value. The application of blockchain technology in the financial industry can eliminate the need for third-party intermediaries and achieve direct point-to-point connection, thereby quickly completing transaction payments while greatly reducing costs.

2. Internet of Things and logistics fields:

Blockchain can also be naturally combined in the fields of Internet of Things and logistics. Through blockchain, logistics costs can be reduced, the production and delivery process of items can be traced, and the efficiency of supply chain management can be improved. This field is considered a promising application direction of blockchain.

3. Public service field:

Blockchain is closely related to people’s production and life in public management, energy, transportation and other fields, but the centralized characteristics of these fields are also brought some problems, can be transformed using blockchain. The decentralized, fully distributed DNS service provided by the blockchain can realize domain name query and resolution through point-to-point data transmission services between various nodes in the network, and can be used to ensure that the operating system and firmware of an important infrastructure are not Tampered, you can monitor the status and integrity of the software, detect bad tampering, and ensure that the data transmitted by systems using IoT technology has not been tampered with.

4. Digital copyright field:

Through blockchain technology, works can be authenticated, prove the existence of text, video, audio and other works, and ensure the ownership of works. Authenticity and uniqueness. After the rights of the work are confirmed on the blockchain, subsequent transactions will be recorded in real time, realizing full life cycle management of digital copyright, and can also be used as a technical guarantee in judicial evidence collection. For example, MineLabs, a startup company in New York, USA, has developed a blockchain-based metadata protocol. This system called Mediachain uses the IPFS file system to realize copyright protection of digital works, mainly for copyright protection applications of digital pictures.

5. Insurance field:

In terms of insurance claims, insurance institutions are responsible for fund collection, investment, and claims settlement, and often have high management and operating costs. Through the application of smart contracts, there is no need for the policy holder to apply or the insurance company to approve it. As long as the claim settlement conditions are triggered, the insurance policy can automatically settle claims. A typical application case is LenderBot, which was launched in 2016 by blockchain companies Stratumn, Deloitte and payment service provider Lemonway. It allows people to register customized micro-insurance products through the chat function of Facebook Messenger, providing services between individuals. The high-value items exchanged are insured, and the blockchain replaces the third-party role in the loan contract.

6. Public welfare field:

The data stored on the blockchain is highly reliable and cannot be tampered with, so it is naturally suitable for use in social welfare scenarios. Relevant information in the public welfare process, such as donation projects, fundraising details, fund flows, recipient feedback, etc., can be stored on the blockchain and transparently and publicly disclosed conditionally to facilitate social supervision.

⑦ Application aspects of blockchain

The main application scope of blockchain includes: digital currency, transaction settlement of financial assets, digital government affairs, certificate deposit and anti-counterfeiting data services and other fields. Blockchain is a database technology that links data blocks in an orderly manner. Each block is responsible for recording a file data and encrypting it to ensure that the data cannot be modified or forged.

Blockchain is essentially a distributed database system that uses cryptography technology for multi-party participation, joint maintenance, and continuous growth. It is also called a distributed shared ledger. Each page in the shared ledger is a block, and each block is filled with transaction records. The anonymity of blockchain technology,Characteristics such as decentralization, openness, transparency, and non-tamperability make it highly favored by enterprises, and has been applied more widely.

Blockchain application scope 1. Financial field

Blockchain can provide a trust mechanism and has the potential to change the financial infrastructure. Various financial assets such as equity, bonds, bills, warehouse receipts, fund shares, etc. It can be integrated into the blockchain technology system and become a digital asset on the chain, which can be stored, transferred and traded on the blockchain.

The decentralization of blockchain technology can reduce transaction costs and make financial transactions more convenient, intuitive and secure. The combination of blockchain technology and the financial industry will inevitably create more and more business models, service scenarios, business processes and financial products, thereby bringing more impact to the development of financial markets, financial institutions, financial services and financial formats. . With the improvement of blockchain technology and the combination of blockchain technology with other financial technologies, blockchain technology will gradually adapt to the application of large-scale financial scenarios.

2. Public service field

Traditional public services rely on limited data dimensions, and the information obtained may not be comprehensive enough and have a certain lag. The non-tamperable nature of the blockchain makes the digital certification on the chain highly credible. It can be used to establish new authentication mechanisms in the fields of property rights, notarization and public welfare, and improve the management level of public services.

Relevant information in the public welfare process, such as donation projects, fundraising details, fund flows, recipient feedback, etc., can be stored on the blockchain to meet the privacy protection of project participants and other relevant laws and regulations. Under the premise of requirements, public disclosure will be made conditionally to facilitate public and social supervision.

3. Information security field

Using the traceability and non-tampering characteristics of blockchain, we can ensure the authenticity of data sources and ensure the non-forgery of data. Blockchain technology will fundamentally change information Security issues of the propagation path.

Blockchain is reflected in the following three points in the field of information security:

User identity authentication protects data integrity and effectively prevents DDoS attacks

The distributed storage architecture of blockchain will make Hackers are at a loss as to what to do. Some companies have begun to develop a distributed Internet domain name system based on blockchain to eliminate the root cause of the current DNS registration shortcomings and make the network system cleaner and more transparent.

4. Internet of Things field

Blockchain + Internet of Things can allow each device on the Internet of Things to operate independently, and the information generated by the entire network can be protected through smart contracts in the blockchain.

Security: Traditional IoT devices are highly vulnerable to attacks, data loss and maintenance costs are high. Typical information security risk issues for IoT devices include low firmware versions, lack of security patches, permission loopholes, too many device network ports, and unencrypted information transmission. The blockchain's consensus mechanism for network-wide node verification, asymmetric encryption technology and distributed data storage will significantly reduce the risk of hacker attacks.

Trustability: The traditional Internet of Things is managed and controlled by a centralized cloud server. Due to the security of the equipment and theDue to the opacity of centralized servers, users’ privacy data is difficult to effectively protect. The blockchain is a distributed account book. Each block is interconnected and has its own independent working ability, ensuring that the information on the chain will not be tampered with at will. Distributed ledgers can therefore provide trust, ownership records, transparency and communication support for the Internet of Things.

Effectiveness: Limited by cloud services and maintenance costs, the Internet of Things is difficult to achieve large-scale commercial use. The traditional Internet of Things realizes communication between things through centralized cloud servers. The disadvantage of this model is that as the number of access devices increases, the server faces more load, requiring enterprises to invest a lot of money to maintain the normal operation of the IoT system.

Blockchain technology can directly realize point-to-point transactions, omitting the labor expenditure of other intermediaries or personnel, which can effectively reduce the costs incurred by third-party services and maximize benefits.

5. Supply chain field

The supply chain consists of many participating entities, with a large amount of interaction and collaboration. Information is discretely stored in their own systems, lacking transparency. The lack of smooth information makes it difficult for various 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.

Blockchain can make data open and transparent among various entities, thereby forming a complete, smooth, and non-tamperable information flow throughout the entire supply chain. This can ensure that all entities promptly discover problems arising during the operation of the supply chain system and find targeted solutions, thus improving the overall efficiency of supply chain management.

6. Automotive Industry

Last year announced a partnership using blockchain to build a proof of concept to streamline the car rental process and build it into a “click, sign up, and drive” process. Future customers choose what they want The rented car enters the public ledger of the blockchain; then, sitting in the driver's seat, the customer signs the rental agreement and insurance policy, and the blockchain updates the information simultaneously. This is not an imagination, for car sales and car registration Said, this type of process may also develop into reality.

7. Stock Trading

For many years, many companies have worked to make the process of buying, selling, and trading stocks easy. Emerging Blockchain Chain startups believe that blockchain technology can make this process more secure and automated than any previous solution. At the same time, blockchain startup Chain is working with Nasdaq to enable private companies through blockchain. Equity transfer

8. Government management

Government information, project bidding and other information are open and transparent. Government work is usually subject to public attention and supervision. Since blockchain technology can ensure the transparency and immutability of information, it is very important to the government. The implementation of transparent management plays a great role. There is a certain degree of information opacity in government project bidding, and enterprises also have the risk of information leakage during the sealed bidding process. Blockchain can ensure that bidding information cannot be tampered with and can ensure the transparency of information nature, forming trust among competitors who do not trust each other. And can passThe blockchain arranges subsequent smart contracts to ensure the construction progress of the project and prevent the growth of corruption to a certain extent.

There are many more applications of blockchain technology, and this is just a fulcrum of blockchain applications. In the future, blockchain technology will be applied everywhere

⑧ How can blockchain technology be reasonably applied in the accounting field

Newton’s industry application
1) Chain merchant retail: Under the corporate organizational structure, capital income has far exceeded labor income. With the development of computers and the Internet, the new generation of giant retail institutions has accelerated the accumulation of wealth in capital. Chain merchants are the basic business model of the human-machine community, and any behavior that makes a positive contribution to the human-machine community will be incentivized. The application of the chain merchant model in the retail industry is beneficial to reducing transaction costs, protecting consumer privacy, and promoting intelligent collaboration.
newmall: In the NewMall online mall, since there is no profitable commercial intermediary, sellers’ transaction costs will drop significantly. Participants such as consumers and service providers can obtain Newton tokens based on their contribution value (NewForce). excitation.
New digital asset management: Consumption data, as a new digital asset for users, can be managed through tools such as NewPay. Users truly own the data and can perform authorization control, pricing and charging, etc. to prevent uninformed data leakage.
Targeted Advertising: Users can use tools such as NewPay to set whether to accept marketing, as well as the type of information required, price range, etc. Advertisers set marketing plans through various marketing smart contract templates built into the system, including: target users, incentive models, settlement methods, dynamic price adjustment rules, etc. Advertisers can accurately place ads and conduct peer-to-peer settlement with users to eliminate advertising fraud.
2) Payment: Current payment costs are high, efficiency is low, and flexibility is poor. Through technologies such as blockchain, a new generation of transaction and payment systems can be built. Internet of Things devices based on NewIoT technology can be connected to NewChain at very low cost. Smart contracts can be established between devices to achieve automatic settlement and payment, meeting the high-frequency requirements in this scenario.
Global payment: Through the NewChain infrastructure and NewPay payment tools distributed around the world, cross-border transactions are simple and convenient, and the fees are extremely low.
3) Supply chain: Goods usually go through many links such as logistics, warehousing, customs clearance, sales, etc., and are finally delivered to consumers. When after-sales service occurs, there will also be corresponding reverse processes. The current supply chain is basically opaque, and it is difficult for consumers to confirm the origin and circulation information of goods. This is a big problem for some industries, such as food, medicine, and luxury goods. Therefore, a supply chain system that is open, transparent and credible to all stakeholders is very important.
Through the combination of atomic hashing, NewIOT, NewChain and other technologies, it providesThe supply chain system will be credible, open and transparent, and at the same time produce more business innovations.
4) Self-finance: The traditional financial service system has a large audit workload, long cycle, high cost, and poor flexibility. It is usually difficult to serve small and medium-sized enterprises and individuals. Through digital identity and credit, a new self-financing system can be established.
Enterprise and individual credit reporting: Enterprises and individuals establish a consistent credit system based on NewID. Only with authorization can third parties obtain credit records.
Asset tokenization: Through smart contract templates, financial organizations can create financial products without human involvement. Through related token tools based on NewChain, various assets can be easily valued with tokens or converted into tokens and put on the chain.
5) Gaming: By combining with blockchain technology, a new gaming experience can be created: the user is both a player and a participant in the rules, and virtual game assets are owned by the user.
Automatic trading of virtual game assets: Through the cross-chain and oracle technology provided by NewChain, virtual items in various games can be easily recorded on the blockchain, enabling automated transactions.
Games with transparent rules: Game developers can easily use NewChain related smart contract tools to establish algorithmically transparent game logic to improve the fairness and transparency of the game.
6) Agriculture: In current agriculture, there are common problems such as incomplete data and low degree of automation. Blockchain combined with Internet of Things technology can automatically collect, store, and analyze production data, eliminating the high maintenance costs of centralized management systems, reducing later maintenance costs, and helping to improve the intelligence and scale of agriculture.
Agricultural product traceability: By introducing IoT devices compatible with the NewIoT standard into the circulation of agricultural supplies, agricultural production, and sales of agricultural products, the safety and efficiency of the entire agricultural production process can be improved. Due to the non-tampering nature of production data, it can be widely used For scientific research and anti-counterfeiting purposes.
Intelligent planting: Through the Internet of Things sensors compatible with the NewIoT standard, all-weather monitoring of the planting environment and crop growth can be achieved. Combined with NewAI to make intelligent decisions on the monitoring results, a complete intelligent planting system has been built to enable timely detection. risks, stable production and increased income.
7) Public welfare: Blockchain technology naturally meets the needs of the public welfare field due to its decentralization, high transparency, and non-tamperable information. Charitable organizations can store the entire process information from donation collection, project progress, donation use, recipient feedback, etc. on NewChain for easy viewing by donors and the public.
Public welfare audit: Public welfare activities require public welfare auditing to improve efficiency and maintain trust. Through technologies and protocols such as NewChain and NewID, every donation will be traceable. Public welfare organizations can use relevant tools to track the subsequent status of aid recipients, which will help enhance the fairness and transparency of public welfare.
Wildlife protection: Using NewIoT technology, rare wild animalsAnimal resource data can be recorded on NewChain, so that the location and body indicators of each specific animal can be tracked, providing key information for tracking migration and combating poaching and trafficking.

⑨ What are the major categories of blockchain applications

01

When talking about blockchain technology, we have to talk about Bitcoin. I believe everyone knows a lot about Bitcoin. Bitcoin is customized based on blockchain technology. Blockchain technology mainly solves trade trust and security issues. Therefore, it has four core technologies: distributed accounting system, process encryption and authorization technology, consensus mechanism, and smart contract.

02

In view of these advantages of blockchain technology, it can be applied to the clearing and settlement of financial transactions. Based on the characteristics of distributed accounting, blockchain technology is applied to financial settlement and clearing. It has the advantages of safety and convenience

03

Transfers and payments in e-commerce. According to a report released by the Economic Forum recently, blockchain technology will have a huge impact on the traditional payment fund transfer system and has obvious advantages of convenience. It can play a huge role in future international trade.

04

In addition, based on its distributed accounting and its security. It can be used in the field of network security. It can also be used in the academic field for anti-counterfeiting inquiries, academic verification, voting and other activities. To protect the privacy of people on social media, it can also be used on social networks.

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