区块链对abs的运用,区块链abs是什么意思

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❶Applications 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, etc. field. 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, decentralization, openness, transparency, and non-tamperability of blockchain technology make it highly favored by enterprises and has gained More extensive application attempts.

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 canIn order to allow each device on the Internet of Things to operate independently, the information generated by the entire network can be guaranteed through smart contracts on 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 device and the opacity of the centralized server, it is difficult to effectively protect user privacy data. 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.Solution At the same time, blockchain startup Chain is cooperating with Nasdaq to realize the equity transfer of private companies through blockchain

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 plays a great role in the implementation of transparent government management. There is a certain degree of information opacity in government project bidding, and companies 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, forming a shared trust among competitors who do not trust each other. And it can arrange subsequent smart contracts through the blockchain 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

❷ Du Xiaoman Financial Blockchain ABS won the Harvard Business Review Annual Excellence in Practice Award

2019 On December 18, at the "YUE Management" award ceremony held at the China Center of the Wharton School of the University of Pennsylvania, Du Xiaoman Financial won the Harvard Business Review's 2019 "Excellent Practice Award" for its blockchain ABS case.

As the "China Management Oscar" event, the first "YUE Management" Excellent Practice and Practitioner Project launched case collection in August 2019. After half a year of collection and selection, 12 financial professionals were invited Heavyweight experts and top scholars from first-class business schools at home and abroad served as judges to select 10 outstanding practitioners. This time, Du Xiaoman Finance won the award, which also shows its strength in the blockchain field.

ABS stands for asset securitization, or asset-backed securities, which is the current discounting of cash equity that can be continuously obtained in the future. Compared with the traditional loan model, ABS does not need to rely on fixed assets as collateral and is a powerful tool to solve the financing difficulties of small and medium-sized enterprises. However, there are also industry pain points such as underlying asset fraud and multi-party information asymmetry.

It is understood that Duxiaoman Financial Blockchain ABS solves the problem of trust in the authenticity of the underlying assets of all parties to the transaction. Its blockchain technology combines financial brain, artificial intelligence and other technologies in practice, using The alliance chain implements the full life cycle management of ABS, ensuring node information security through permission management and asymmetric encryption; using distributed storage solutions to achieve decentralization; and then providing a set of standard underlying frameworks to enable the preparation of smart contracts for all parties.

In May 2017, Duxiaoman Financial, Baiqian Leasing, Huaneng Trust and other partners jointly issued the first domestic ABS (asset securitization) project supported by blockchain technology, with an issuance scale of 424 million yuan. , this is the first domestic project to use blockchain technology as its underlying technical support.Project to realize ABS "real assets"; in August of the same year, the "Network-Chang'an Xinsheng-Tianfeng 2017 First Phase Asset Support Special Plan" released by Du Xiaoman Financial was approved by the Shanghai Stock Exchange, which means that China's first single project based on blockchain technology The exchange-based asset securitization product has been launched, and it is also the product with the lowest issuance interest rate in the current period.

With the continuous iteration and upgrade of the blockchain ABS business, Duxiaoman Finance has received academic recognition for two consecutive years in 2018 and 2019. In July 2018, Du Xiaoman Financial Blockchain ABS was selected into the case library of Peking University Guanghua School of Management, becoming the school’s first classroom teaching case based on blockchain technology.

At the previously held Fourth China New Finance Summit Forum, Du Xiaoman Financial CEO Zhu Guang clearly stated that the important task of financial technology in 2020 is to empower small and micro enterprises and help the real economy. . As mentioned above, the birth of ABS is to help small and medium-sized enterprises solve the problem of financing difficulties. Duxiaoman Finance empowers finance through blockchain technology, allowing the financial industry to serve the real economy with higher efficiency and lower cost, and achieve inclusive benefits. finance.

❸ Brokerages continue to increase their investment in financial technology to explore applications such as blockchain

Recently, many brokerages have stated that they are penetrating the capabilities of financial technology into actual business, such as blockchain , cloud computing and other technologies can be applied to asset management ABS business, investment research systems and institutional services, and undergo digital transformation. Fintech is becoming a strategic direction for securities companies to focus on.

Financial technology penetrates traditional businesses

For many institutions, the penetration of financial technology into traditional businesses is becoming faster and faster. In the digital transformation of past business models, the application of technologies such as blockchain and big data has become increasingly mature.

Kong Weicheng, general manager of GF Securities (Hong Kong stock 01776) Asset Management Company, said that financial technology is currently an important strategy for the company’s layout. In the investment decision-making of asset management, the integration of technology and asset management is accelerating. “In specific asset management planning products, we have built an intelligent ABS cloud platform by applying blockchain technology, using the technology platform to effectively transmit and monitor risks on funds and business changes generated in the business process, while also ensuring data security. It is authentic and cannot be modified."

On July 4, at the Science and Technology Expo held in Beijing, Huatai Securities officially released the digital service system for institutional customers. It is understood that the digital service platform covers multiple modules such as investment banking projects, investment analysis, and financial products, and provides a variety of solutions for institutional customer needs such as institutional transactions and asset management.

Industrial Securities Chairman Yang Huahui also recently wrote publicly that the company will increase investment in financial technology, carry out innovative attempts in customer service, market analysis, and risk pricing, and further improve the company's middle and back-end management.The level of intelligence of management. Yang Huahui believes that the combination of technology and the securities industry will transform from simple applications to more in-depth integration. In the future, securities firms will also pay more attention to the application of emerging fields such as artificial intelligence and blockchain.

It is understood that in recent years, securities firms have increasingly hoped to internalize the traditionally outsourced financial technology business into the company itself. Analysts from securities firms said that due to the large amount of data and long products and business processes involved within securities firms, it is difficult for outsourced technology businesses to understand the actual business model. In the future, the construction of core technology financial platforms will penetrate into various business sectors such as investment banking, research, asset management, prime brokers, and institutional services. By analyzing and deconstructing the accumulated massive data, it can also provide technology for the value creation of traditional businesses. Auxiliary. In addition, after such a platform is successfully built, such a digital model can also be exported to the outside world, which can not only provide services to institutions and ordinary customers, but also increase the business value of the technology platform itself.

Institutional financial technology competition is fierce

Due to the increasing emphasis on financial technology strategies, the “technological content” of competition among institutions is also increasing.

Since June this year, many securities firms have added chief information officers (CIOs) in compliance with regulatory requirements. According to industry insiders, the addition of a brokerage chief information officer will play an important role in the future integration of brokerage business and technology.

In addition to adding chief information officers, brokerages are also accelerating recruitment in financial technology. It is reported that in June this year, GF Securities, Haitong Securities (Hong Kong Stock 06837), Orient Securities (Hong Kong Stock 03958) and many other securities firms released dozens of financial technology-related positions, covering big data engineers, AI application engineers, data mining positions, cloud Computing engineer and other technical positions.

At the same time, as an important strategy of the company, institutions are investing more and more resources in financial technology. According to 2018 brokerage business performance data, 98 brokerage information systems invested as much as 13.067 billion yuan in 2018, a year-on-year increase of 16.89%. Among them, Guotai Junan (Hong Kong stock 02611), Changjiang Securities, and CITIC Securities (Hong Kong stock 06030) invested more than 500 million yuan, and GF Securities, Huatai Securities, Ping An Securities, Haitong Securities, and CICC (Hong Kong stock 03908) invested more than 400 million yuan.

A relevant person in charge of a medium-sized securities firm said that financial technology has increasingly become the core competitiveness of institutions seeking development. In addition to increasing investment, financial technology's subversion of traditional business models also requires practitioners to change their thinking and concepts.

“The digital transformation of business is not simply to move the business online, but to apply financial technology scenarios through a deep understanding of business logic, improve business efficiency and risk control, and provide innovation and use of intelligent technology. Optimized service." The above-mentioned securities dealerExperts believe that in the future, the industry may have a number of specialty securities firms with differentiated financial technology services, and the industry will also form a new market structure around the level of financial technology capabilities.

This article is from China Fund News

For more exciting information, please visit the financial website (www.jrj.com.cn)

❹ Blockchain What are the application scenarios?

Although blockchain technology is still in its early stages, the advantages of this technology have begun to be reflected. In many fields, blockchain can generate huge value. , I believe there will be more practical application scenarios in the future,

Blockchain + cross-border payment

The current mainstream cross-border remittance method is still The cycle of wire transfer usually lasts three to five working days. In addition to the intermediary bank charging a certain handling fee, a company called SWIFT (Society for Worldwide Interbank Financial Telecommunication) will also charge for the message exchange performed by its system. Higher fees. Cross-border remittances through Bank of China in my country will be charged a single fee of 150 yuan.

The use of blockchain technology allows the remitter and payee to pay and settle directly, eliminating all intermediate costs, allowing cross-border payment and settlement to be completed quickly point-to-point, improving In addition to the speed of clearing, it can also achieve round-the-clock payment, real-time arrival, simple implementation and no hidden costs.

❺ What Baidu has done on the blockchain

Blockchain is still in a very early stage

At the two sessions, Robin Li’s speech mainly focused on Open platforms such as PaddlePaddle, DuerOS and Apollo on the Internet, as well as autonomous driving on the Internet. In addition to the Internet and technology, the boss also talked about anti-smoking issues related to life and the environment, and suggested the promulgation of nationwide smoking control regulations.

In October 2017, Internet Finance officially joined the Hyperledger open source project of the Linux Foundation. Other core board members include IBM, Intel and JPMorgan Chase, etc.

Jack Ma: I want to know what Bitcoin can bring to society

At the two sessions, Jack Ma... Oh, I'm sorry, Comrade Jack Ma, who didn't want to wear a red hat, did not attend the two sessions.

So, let’s review what Jack Ma said when he evaluated Bitcoin:

“I don’t have much interest in Bitcoin. What I want to know is whether Bitcoin can What will it bring to society? Having said that, I think Bitcoin technology is very powerful, but we must be very careful when treating Bitcoin."

Although Jack Ma is very cautious about Bitcoin itself, he also said that he Don't know much about Bitcoin. But regarding "Bitcoin technology" or "blockchain", Jack Ma's view is that it is "very powerful."

❻ Blockchain transportationWhat is the value of using it in the real industry?

The most obvious applications are

1. Think about using blockchain in enterprise applications to provide more flexibility, security and efficiency. business processes and distributed, independent markets. Blockchain allows asset owners to track and trade things of value, such as outstanding invoices, on a transaction “chain” that is more secure, transparent, private and self-coordinating. This capability increases the speed and flexibility of cash and asset management. For example, you are afraid of buying fake goods because one manufacturer transfers production to several middlemen, and then you buy it through the middlemen, not the manufacturer. If all data was decentralized, peer-to-peer, and transparent, then you could buy and pay directly from the manufacturer.

2. The automated market for other assets will be diversified. In essence, blockchain-based transactions can reduce the need for third-party supervision because the software itself is a controlled open architecture and is visible to all parties involved in the transaction. If a company can publish valuable information to multiple potential buyers, and its content can be trusted and authentic to all buyers, and sellers cannot resell, then there will be open and transparent competition when making purchases. environment, sellers can also get better prices.

3. Reduce business transaction friction. Managing expenses is a challenge for most organizations. But blockchain can enable companies to create self-managed networks for suppliers and partners, enabling contract automation, instant payments, tracking of cargo shipments, and visibility of the entire supply chain. For example, if a company transports perishable goods in refrigerated containers, IoT sensors on the truck might call a smart contract on the blockchain when the container temperature exceeds a certain threshold. This will cause the corresponding order to be cancelled, and it will also be able to automatically create a new order so that a second batch of goods can be sent immediately, and the truck with the faulty refrigeration equipment can also be sent to the maintenance department for repair.

4. This type of network reduces transaction errors and information omissions by reducing or eliminating human-computer interaction. And, by connecting buyers directly with sellers, transactions become faster. Manage and secure decentralized private records. Traditional industry practice has been to rely on third parties to secure their shared information databases using firewalls and restricted access. Frequent data breaches show that this approach is not ideal. A fundamental advantage of blockchain is that each individual data record or element is encrypted with the key of a blockchain member. Cybercriminals may need to obtain every key of every member to gain access to all blockchain data. This is not to say that blockchain can guarantee 100% security of all data and help reduce the possibility of large amounts of private records being exposed.

5. A logical application would be employee or student records, where employers, educational institutions and even industry accreditation bodies can add new qualifications, grades or work locations if necessary. Imagine giving an employee access to all of their employee recordsKeys as part of a secure blockchain containing human resources. Individuals can securely share their college transcripts or employment history with other companies or educational institutions without having to rely on unreliable and easily forged faxes. Trace the origin of products and ingredients. Blockchain can help ensure product quality and safety by simplifying how products and ingredients are tracked and located in use. For example, suppose an automobile manufacturer forms a quality-centric blockchain that includes parts suppliers, component assemblers, quality control suppliers, and public regulatory agencies (such as the National Highway Traffic Safety Administration). Then the recall process for defective parts will be handled faster. This realization makes perfect sense when you consider that thousands of lives are lost every year due to defective car parts.

6. Verify identity and verify published information and data. Create better user control mechanisms. User information today can easily be manipulated, distributed to third parties, and even sold, creating revenue streams for social media platform owners that are never shared with the users of the information. Blockchain can disrupt all of these activities. It gives users control over their own information, and exactly where it resides. No platform is accessible without permission. Users can decide who can access their information. They can deal directly with advertisers and third parties as they choose, rather than like others. Furthermore, users can choose to share their information with advertisers on any platform and receive fees.

In summary, blockchain is a chain data structure that combines data blocks in a sequential manner in chronological order, and is cryptographically guaranteed to be non-tamperable and non-tamperable. Fake distributed ledger. Broadly speaking, blockchain technology uses block chain data structures to verify and store data, uses distributed node consensus algorithms to generate and update data, uses cryptography to ensure the security of data transmission and access, and uses automated scripts to A new distributed infrastructure and computing method (reference network) that uses smart contracts composed of codes to program and operate data

Applications in finance

Blockchain technology three Big applications

Application of blockchain technology in the field of asset securitization

In recent years, the domestic asset securitization (hereinafter referred to as "ABS") industry has developed rapidly. At the same time, asset cash flow management Problems such as the transparency and efficiency of underlying asset supervision that need to be improved, the low efficiency of asset transaction settlement, and the high cost of credit enhancement have also been gradually exposed. To apply blockchain technology in the ABS field, participants first need to build an ABS blockchain alliance, which consists of asset parties, Pre-ABS investors, SPV (trust), custodian banks, managers, intermediaries, and ABS investors. , exchanges are jointly composed. Its core business includes fund transaction reconciliation, transaction document management, data interaction interface, information release and sharing, underlying asset management, intelligent ABS workflow, etc. Blockchain applications can benefit the ABS industry in at least the following five aspects:able.

1. Improve the cash flow management of ABS.
2. It is conducive to penetrating supervision.
3. It can improve the efficiency of sales and settlement of financial assets.
Four. The efficiency and transparency of securities transactions will be greatly enhanced.
5. It can reduce the transfer cost in the credit enhancement process.

2. Application of blockchain technology in the insurance field

The insurance industry has grown rapidly in recent years. However, as regulatory policies for short- and medium-term survival products continue to tighten, the scale of universal insurance business has declined significantly. In the insurance product design process, blockchain is conducive to promoting the breakthrough of bottlenecks and rapid development of insurance categories with strong customized attributes, such as agricultural insurance, product quality insurance, etc.

Quality insurance can endorse the reputation of a company and protect the rights and interests of consumers at the same time. However, insurance companies underwriting quality insurance require comprehensive assessments of companies and products, but these data are often difficult to collect truly and effectively, thus restricting the development of quality insurance. The establishment of a product traceability and anti-counterfeiting application platform based on the underlying technology of blockchain can help insurance companies easily trace information in all aspects of product production, processing, sales, purchase, complaints, etc. through the platform, thereby effectively judging the incidence of quality defects in related products and formulating Insurance products promote consumption upgrading and industrial upgrading.

In the insurance sales process, the application of blockchain technology can simplify the sales process, save sales costs, and achieve traceability of insurance sales. From the perspective of an insurance company, a willing policy holder purchases a policy through a channel, and the channel provider uniformly sends the policy holder's information to the blockchain platform. The platform determines whether the willing policy holder is in the whitelist based on the distributed and stored information. If it meets the standards, then Accepting purchase requests eliminates the previous tedious processes of manual transmission, acceptance, review, and feedback. From a consumer perspective, blockchain technology can realize the traceability of insurance sales behavior and safeguard the legitimate rights and interests of consumers. The insurance sales market has always been full of chaos, and the phenomenon of false advertising of insurance products through deception, concealment or inducement is repeated. Blockchain technology can put key actions in all aspects of insurance sales on the chain and realize the traceability of sales actions throughout the entire process, thereby standardizing insurance sales behavior and promoting the sustained, healthy and stable development of the industry.

In the insurance claims process, the application of blockchain technology can improve claims efficiency and enhance customer experience. The claims and loss handling process is an important process in the insurance market. Complex claims processes increase costs, reduce claims efficiency, and affect customer experience. Smart contract technology can simplify the claim submission process, reduce the need for manual review, and shorten the processing cycle. At the same time, suspicious behavior can be more easily identified through historical claims and asset provenance records in the distributed ledger.
In the field of insurance anti-fraud, the application of blockchain technology can effectively prevent the occurrence of insurance fraud incidents. Insurance fraud not only erodes the profits of insurance companies, but also damages the legitimate rights and interests of other insurance consumers. Although various insurance companies have made great efforts to combat insurance fraud, the reality is still grim. Blockchain technology toWe can help the insurance industry alleviate or even resolve this stubborn problem in the following two aspects. The first is to establish an anti-fraud sharing platform to reduce fraud and strengthen assessment through historical claim information; the second is to establish "uniquely identifiable identity information" through the use of trustworthy data sources and coded business rules to prevent identity fraud.

3. Application of blockchain technology in the field of asset custody
In recent years, the global asset custody industry has entered a fast lane of rapid development, with the scale of assets under custody and major custody products maintaining rapid growth. , but there is still a certain gap between this scale and international advanced peers, and there is still a large room for development in my country's asset custody industry.

The application of smart contract technology in the blockchain can effectively solve the operational risks in the asset custody business. The business process of asset custody can be optimized from the following aspects: First, it realizes the automation of the entire process, encapsulates business instruction judgment and execution rules into smart contracts, and uses intelligence to execute contracts and provide risk warnings; second, it improves process efficiency , the real-time sharing of asset changes, transaction details and other information between asset entrusting parties, managers, custodians and agents, eliminating the need for repeated verification and confirmation of rights; third, it ensures the security of contract performance and the authenticity of transactions. By setting keys to ensure the formality of participant information, the limited visibility of ledger information, and the verifiability of transactions; fourth, it ensures that the information cannot be tampered with, and the compliance verification requirements of the investment plan are placed on the blockchain to ensure that each Every transaction is completed on the basis of consensus.

For now, the one most closely related to blockchain is Bitcoin. If you want to know more and some news about the Bitcoin blockchain, you can follow some new media. For example, Sohu, Baijiahao, Mustard Circle and so on. Foreign websites such as CCN and CoinDesk have huge sources of information, which will be of great help to you if you want to understand blockchain and finance. The above content is half handwritten and half quoted. If you still have doubts, you can take a look at the TED talk on blockchain applications linked below, which has Chinese subtitles. Hope it helps!

Web link

❼ Baidu Finance’s layout and ambitions in blockchain

But it has these Professional ability is not enough, Xiao Wei feels that another “three conditions” are needed.

"First, your language must be C++ or GO; second, you have some understanding of distributed computing, cryptography and P2P network programming; third, we hope you have some knowledge of economics The principles are understood.”

Why do we need economic principles?

“In addition to technology, Bitcoin also has an economic game theory problem.” Xiao Wei said that the cost of doing evil is constantly increased and the rewards for workload are increased, thereby restraining evil through economics. , inspire good.

This is probably a classic case in game theory.

“So, in addition to technology, blockchain network design also requires an understanding of economic principles. We call it ecological construction.” XiaoGreat title.

03 Blockchain Belief

In 2017, Xiao Wei officially came into contact with the blockchain and immediately became a believer.

“Just like you can’t ask Christians whether God exists, it’s difficult to answer why they believe in blockchain.” Xiao Wei said, “My understanding of faith is that when you encounter setbacks, When encountering any challenges, I firmly believe that they can be overcome."

Especially in the nascent stage of blockchain, technology exploration will definitely encounter many challenges, "resources, implementation, technology and supervision. It’s difficult, but as long as you firmly believe that ‘this is good’, you can persevere,” Xiao Wei said.

Xiao Wei firmly believes that blockchain technology will be helpful to future society.

He has several judgments.

First, blockchain technology will not become obsolete immediately. It will have "golden and silver decades".

“2018~2028 is a good opportunity for the blockchain industry.” Xiao Wei believes that there may be a golden period of vigorous development like the Internet in 2000 and the mobile era in 2008: Talent level and the company's market value.

“So our suggestion is, if you miss mobile and AI, don’t miss blockchain.” Xiao Wei would suggest programmers to do blockchain, “My positioning for the current team is, three In the next year, the minimum annual salary can reach one million."

Secondly, there is indeed a serious bubble in the current blockchain field, just like the Internet back then.

There was a very strange phenomenon in 1999, which was to change the domain name. As long as the company domain name was changed to ".COM" or "**Online", the stock would rise.

This wave of name changes has also been perfectly replicated in the blockchain field. A-share listed companies have established "blockchain laboratories" one after another, and stock prices have risen in response; the American soft drink company "Long Island Iced Tea" announced a name change As a "long blockchain", the stock price soared 500%.

Therefore, it is understandable that there is a certain bubble in the blockchain industry.

Third, blockchain technology and Internet technology are equivalent.

What is the relationship between blockchain and the Internet?

“The Internet is a way to obtain information, and blockchain is a way to value trust.” Xiao Wei believes that the biggest change of blockchain is the improvement of efficiency.

This efficiency is not technical performance, but enterprise efficiency.

For example, in the past point-to-point consumption, because the two parties could not trust each other, there were so many intermediate links for the purpose of "increasing trust."

If peer-to-peer can be trusted directly, the entire business model will undergo tremendous changes.

“The biggest change of blockchain is to solve the trust problem and make your trust extremely simple. The entire intermediate link is constantly being compressed.” Xiao Wei believes.

The subversive power of blockchain was born from this.

On the one hand, blockchain brings efficiency improvements and promotes changes in the entire industry.

Speed ​​​​is very important for the entire enterprise. In the past, it might take ten days to standardize a business line project, but with the addition of blockchain, the time for trust communication and collaboration has been greatly reduced.

Xiao Wei gave the example of high-speed rail: the speed of high-speed rail has increased from 80km/h to 300km/h, and Zhejiang Province has begun to establish a "one-hour economic circle." "If it is faster, it can even affect housing prices. This is not subversion. ".

On the other hand, in the new business ecosystem under the blockchain, the impact of brands will be very large.

“Brand is largely an endorsement of quality,” Xiao Wei believes. “The emergence of blockchain can make it possible to remove the brand and still ensure quality.”

< p>This is also the core competitiveness of new retail and new manufacturing.

For example, when we buy a certain brand of gold jewelry, what we actually value is the craftsmanship behind the brand. If we can directly establish "trust" with the gold shop and craftsmen behind it, we no longer need this brand as a endorsement.

“When the entire trust changes, the entire production relationship changes.” Xiao Wei believes.

"Marx said that productivity determines production relations, but now that productivity has become richer, what we need more is not the improvement of productivity, but the redistribution of production relations." Xiao Wei believes that "there is only the ceiling of production relations Only by 'arching upward' can productivity continue to move forward."

"And every reallocation of resources brought about by changes in production relations is an opportunity to make wealth, and some people will definitely rise up. Someone fell." Xiao Wei said that this is also the fundamental reason why the currency circle is so crazy.

However, Xiao Wei does not believe that blockchain can replace the "classical Internet".

"Classical is not necessarily worse than modern. This is true for classical music and classical economics. In many technical fields, classical, modern and postmodern are in a parallel relationship."

"The reason why words like 'classical Internet' appear is because many people in the blockchain circle do not understand what blockchain is and why blockchain can change the world." Xiao Wei believes.

As a centralized "giant", will the network be subverted by blockchain?

Xiao Wei believes that the Internet will not be subverted.

“Search is different from business, and it is also different from brands. The most important thing about search is that it is easy to use, and there is no need for brand endorsement.”

“The Internet is in BATJ. It is the one least likely to be subverted by the blockchain." Xiao Wei said.

❽ What are the applications of the hot blockchain technology in the financial system

The imApp2.0 version of the Blockchain Application Center has been officially launched
Blockchain Application The imApp2.0 version of the center has been officially launched. imApp is the world's first blockchain application store that provides dividends to all people. It aims to create a super entrance to the blockchain industry and make it easier for users to use blockchain applications. The interface of imApp version 2.0 is more concise and beautiful, and the function has added news, DAPP, the content is enriched with guessing games. Users can obtain the IMAPP Ecological Pass IA by browsing, forwarding, downloading, updating, and opening applications through IMAPP. imApp has officially reached a strategic cooperation with the Bitcoin Diamond Foundation. The ecological token IA can be exchanged for Bitcoin Diamond BCD at a certain ratio.