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A. Advantages of blockchain technology
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“Blockchain is a shared distributed database technology , its advantages are mainly reflected in three aspects: distributed decentralization, trustless system and non-tampering and encryption security."
1. The meaning of blockchain technology
Blockchain technology is a technology that uses a decentralized consensus mechanism to maintain a complete, distributed, and tamper-proof ledger database. It allows participants in the blockchain to establish trust relationships without Under the premise of realizing a unified ledger system. Blocks are public ledgers and are maintained at multiple points; chains are stamped with timestamps and cannot be forged. Blockchain is essentially a technology that values security and credibility over efficiency.
There is a database behind all current systems, which is a big ledger. Then who will keep this ledger becomes very important. Now it’s whoever owns the system who keeps the accounts. Each bank’s account books are kept by each bank, and Alipay’s account books are kept by Alibaba. But now in the blockchain system, everyone in the system has the opportunity to participate in accounting. If there are new transaction data changes within a certain period of time, everyone in the system can do accounting. The system will judge the person who has the fastest and best accounting during this period, write the recorded content to the ledger, and Send the contents of the ledger during this period to all other people in the system for backup. In this way, everyone in the system has a complete ledger.
Thus, these data will become very safe. A tamperer needs to modify more than half of the system node data at the same time to truly tamper with the data. Such tampering would be extremely costly, making it nearly impossible. For example, Bitcoin has been running for more than 7 years. Countless hackers around the world have tried to attack Bitcoin, but so far there have been no transaction errors. It can be considered that the Bitcoin blockchain has been proven to be a safe and reliable system. Therefore, it can be considered that blockchain technology is a way for all people to participate in accounting, and it will bring about innovation in accounting methods.
2. Technical advantages of blockchain
1. Distributed decentralization
Since every node and miner in the blockchain must follow the same Accounting transaction rules, and this rule is based on cryptographic algorithms rather than credit, and each transaction requires the approval of other users within the network, so the decentralized trading system does not require the endorsement of a third-party intermediary structure or trust organization.
At present, both traditional trading systems and third-party trading systems are based on central account books. The central account books play the role of information custodian, and each transaction requires a third party. Endorsed by intermediaries or trust institutions, this is a centralized trading network.
2. No need to trust the system
In the blockchain network, through the self-restraint of the algorithm, any malicious behavior that deceives the system will be rejected and suppressed by other nodes. Therefore, the area Block chain systemThe system does not rely on the support and credit endorsement of central authoritative institutions.
In traditional credit endorsement network systems, participants need to have enough trust in the central organization. As the number of people participating in the network increases, the security of the system decreases. Contrary to the traditional situation, in the blockchain network, participants do not need to trust anyone, but as the number of participating nodes increases, the security of the system increases, and the data content can be fully disclosed.
3. Non-tampering and encryption security
The blockchain adopts a one-way hash algorithm, and each newly generated block is strictly advanced in linear order according to time, and time is irreversible. Due to its nature, any attempt to intrude and tamper with data information in the blockchain can be easily traced, leading to rejection by other nodes, thus limiting related illegal activities.
B. Three major advantages of blockchain
Blockchain not only records past and present transactions, it can also be better It solves many problems, such as it can be used to register copyrights, whether they are physical products or other forms of products. Registering copyright in the blockchain will have the following benefits.
1. No geographical restrictions
We can think of the blockchain as a decentralized copyright registration platform. In the blockchain, there are no geographical restrictions, and the registered copyright information is displayed in front of us in mathematical form. The advantage of this is that the copyright owner does not need to go through complex registrations in the jurisdiction. This greatly reduces the cost of intellectual property protection and can also reduce the cost of combating piracy. Moreover, the traditional copyright registration method is easily affected by uncontrollable external factors. The registered data may be lost, damaged, tampered with, etc. Once these problems occur, it will become difficult for copyright owners to protect their rights and interests. However, the copyright registration data is stored on the blockchain. Based on the nature of decentralization, each node can back up the copyright registration data. Even if uncontrollable factors occur, the data can be retrieved. Therefore, compared with traditional copyright registration, using blockchain-level copyright will undoubtedly be safer.
2. Lower cost
With the development of social networks, a large number of works with copyright information are published on the Internet. These works are registered under the traditional copyright registration model. , the economic and time costs of copyright protection are too high. But using blockchain, you can register and prove the copyright of your creations anytime and anywhere. In the blockchain, when you upload your creation as soon as possible, the blockchain can record when and where you created it, which can directly prove that you are the copyright owner of the creation. And this data cannot be tampered with. You can do copyright registration certificates for your articles, you can do copyright registration certificates for your photos, anything you think is necessary can be used as cheap copyright registration certificates.
3. Licensing conditions are more flexible
Use blockchain to prove copyright registration. It may set off a huge wave in global intellectual property protection. There will be more flexible forms for copyright licensing and transfer. Just like current anti-virus software, it has different licensing terms for individual users and corporate users. And all this in the blockchain, when intellectual property consumption is combined with smart contracts, there will be more and more flexible automated agreement licenses to meet the needs of users and sellers. Achieve the goal of mutual benefit and win-win results.
When the cost of copyright registration certificates becomes lower and lower, it is likely that a huge intellectual property trading market will be born. Information can be made valuable, and value can be attributed. Using blockchain to prove copyright registration may realize the ideal of making piracy unable to survive.
Technology always precedes the development of law, but law can always adapt to the development of technology.
C. Advantages of blockchain technology
The main thing is that there is no need to change the data. This is the biggest advantage.
The blockchain system consists of data layer, network layer, consensus layer, incentive layer, contract layer and application layer.
Among them, the data layer encapsulates the underlying data blocks and related data encryption and timestamp technologies; the network layer includes distributed networking mechanisms, data dissemination mechanisms, and data verification mechanisms; the consensus layer mainly encapsulates network nodes Various consensus algorithms; the incentive layer integrates economic factors into the blockchain technology system, mainly including the issuance mechanism and distribution mechanism of economic incentives; the contract layer mainly encapsulates various scripts, algorithms and smart contracts, and is the core of the blockchain The basis of programmable features; the application layer encapsulates various application scenarios and cases of blockchain
D. What are the advantages of using blockchain technology to build a new business ecosystem
The blockchain ecology can be viewed from the following two aspects:
The first is self-ecology.
When we want to do something and need help from others, we often use a contract.
But if you use the token economy now, you can describe the future value and let more people participate in your value creation process through the consensus mechanism. When everyone embodies their own value in the token model When they come out, they can blend into each other.
This kind of integration is not a centralized organizational behavior, but a voluntary decision by everyone. Based on a consensus mechanism and an incentive mechanism, they come together and finally form a self-ecology.
The second is self-financing.
Any business without finance is like a body without blood. Therefore, when there is an ecology, it also needs to have the function of supporting it, and there needs to be a network system to transport blood and absorb the old and the new.
If we want to use blockchain to build a new business lifeFor an ecological system, the first thing to do is to design a good economic model. Only in this way can the entire ecosystem grow and continue to create value.
What does blockchain turn into value? It is the consensus mechanism. For example, after Bitcoin was created by Satoshi Nakamoto in 2008, no one managed it at all. However, it relied on a simple and effective mining and release mechanism to build a value system worth hundreds of billions of dollars.
In addition, the blockchain can allow each subject to directly connect to the financial market or capital market through self-financial design.
Before, value creation and finance were separated. Many people worked hard, but the final profits were very limited, while the capital market achieved high returns. But by designing financial needs independently, blockchain will allow the capital market to satisfy you instead of catering to them.
So self-ecology + self-finance, this is a business model in the future.
Blockchain is the core supporting technology of the digital cryptocurrency system represented by Bitcoin. The core advantage of blockchain technology is decentralization. It can realize point-to-point transactions based on decentralized credit in a distributed system where nodes do not need to trust each other by using data encryption, timestamps, distributed consensus and economic incentives. Coordination and collaboration thus provide solutions to the common problems of high cost, low efficiency and insecure data storage in centralized institutions.
The application fields of blockchain include digital currency, certificates, finance, anti-counterfeiting and traceability, privacy protection, supply chain, entertainment, etc. With the popularity of blockchain and Bitcoin, many related top All domain names have been registered, which has had a relatively large impact on the domain name industry.
E. What are the advantages of blockchain technology
Recently, many friends have come to ask questions related to blockchain, such as the specific advantages of blockchain and why they should invest in blockchain. Chain, what benefits can it bring? Is it not allowed to invest in real estate and wait for appreciation? Is it not allowed to invest in mature markets such as stocks and bonds? Why invest in the newly emerging blockchain? What investments are there in blockchain Is it valuable? Waiting for a series of questions, I have made the following summary, which basically summarizes the answers to most related questions:
Blockchain Advantages
< p>Blockchain is regarded as an important part of the fourth industrial revolution. We all know that every industrial revolution will bring about leaps and bounds in human productivity. The history of human development is actually a history of one step progress in productivityIt can be roughly summarized in the following four aspects:
1. Blockchain has good market prospects; as an emerging technology, blockchain is recognized by many professionals, including investors, in 2020 The estimated market value is approximately US$60 billion, and the value of blockchain in the global market is expected to reach US$20 million in 2024. The considerable market prospects of blockchain are obvious.
2. The cost of blockchain is low; compared with credit card payment, stock trading and other centralized methods that rely on third-party intermediariesModel, the decentralized distributed structure of the blockchain saves investors from high handling fees and transaction fees, saves investment costs, and also improves transaction processing efficiency.
3. Blockchain is more secure and stable; the traditional centralized model often faces serious credit crises, but since every transaction in the blockchain is tracked and permanently recorded by distributed public ledgers, it is greatly reduced. It eliminates counterfeiting, avoids losses caused by third-party credit issues, and provides security for investors' transactions.
4. The programming attributes of the blockchain are more standardized; traditional market investors often affect their returns due to confusion in the market level, while the programmability of the blockchain makes the market level clear and clear, which can Innovative technologies that change people's lives.
I hope it can help you solve related problems. For more details or if you have any questions, please feel free to ask or discuss!
F. Want to know the advantages of blockchain technology What is it specifically?
The main thing is decentralization. This is the biggest advantage. I have seen this on the official website of Hashidon Blockchain Business School, which is transparent and traceable, open, consensus and anonymous.
G. What are the advantages of blockchain
Decentralized, non-tamperable, convenient and efficient.
Blockchain is a distributed ledger technology that has the following advantages:
1. Decentralization: Blockchain is a distributed system that does not rely on any central organization or individual. This makes the blockchain more secure and stable, making it less likely to be destroyed or attacked.
2. Untamperable: Blockchain uses cryptography technology to ensure the security and reliability of data. Once the data is written to the blockchain, it cannot be tampered with. This makes blockchain very suitable for recording important transaction records or other data.
3. High efficiency: The distributed architecture of the blockchain enables it to quickly process a large number of transactions without relying on any centralized agency coordination. This makes blockchain very suitable for large-scale financial transactions or other data processing tasks.
4. Privacy protection: Blockchain can use anonymous accounts or other technologies to protect users' privacy, so that users do not need to worry about the leakage of their personal information when using the blockchain.
In general, blockchain has the advantages of decentralization, non-tampering, high efficiency, and privacy protection, so it has been widely used in finance, logistics, medical and other fields.
H. Advantages of Blockchain Technology Classification of Blockchain Technology
The development of Blockchain technology is becoming more and more prosperous with the continuous expansion of applications. This comes from The strong development momentum demanded by various industries has led to rapid changes in blockchain technology, which has attracted more and more attention to the achievements of various industries. From professional technology to resources, they are constantly concentrated in this industry, thus allowing the region to The development of blockchain technology has entered a new stage, and the impact of this development has also attracted much attention.
Talk about blockchain technologyTechnology, we have to mention Bitcoin. Many people know that the electronic currency Bitcoin does not rely on the issuance of a specific monetary institution, but is generated through a large number of calculations by a specific algorithm. In fact, the core that truly supports Bitcoin is blockchain technology.
How does the invisible and intangible Bitcoin operate through blockchain technology? The interpretation circulated in the industry is that blockchain can be regarded as a technical solution for collectively maintaining reliable databases through "decentralization" and "trustlessness". In layman’s terms, this technology can be understood as a technology in which everyone participates in accounting. In the past, people used centralized servers to keep accounts, but in the blockchain technology system, everyone can participate in accounting and jointly identify Authenticity of records.
“Through this technology, even if there is no neutral third-party organization, two parties that do not trust each other can achieve cooperation. In short, the blockchain is like a ‘machine that creates trust’. "Bubi Company is a leading blockchain service provider in China. It has made many breakthroughs in the blockchain technology platform, can meet scenarios with tens of millions of users, and has the ability to quickly build upper-layer application businesses.
The blockchain technology used by all parties involved in recording and storing information adopts a decentralized distributed structure, which saves a lot of intermediary costs and can better ensure data security; at the same time, it cannot be tampered with Timestamps can effectively solve problems such as data tracking and information anti-counterfeiting.
Will it become the next trend of Internet finance?
Although blockchain emerged with Bitcoin, the derived value of this technology has transcended digital currency. Bubi Blockchain focuses on the innovation of blockchain technology and products. It already possesses a number of core technologies and has developed its own blockchain service platform. With decentralized trust as the core, we are committed to building an open value circulation network to allow digital assets to flow freely. What Bubi wants to do is to create a new technology and product - to realize real value circulation and bring the Internet to a new level. With the application of this technology, there will be no central organization when transferring assets, and direct transfer of assets between us can be achieved.
In the current international financial market, the U.S. Central Bank, Swiss Bank, and some insurance and futures companies are all competing to develop blockchain technology. Fang Liang introduced that in the Internet financial industry, blockchain technology will first affect financial infrastructure such as payment systems, securities settlement systems, and transaction databases; later, the technology will also expand to general financial services, such as credit systems and "anti-money laundering" "wait.
“The payment and clearing system in the financial field will evolve towards decentralization. The electronic ledger supported by blockchain technology is a reliable system that is error-free and cannot be tampered with. Quan and others have a profound impact." Li Yan said.
Therefore, industry insiders believe that blockchain technology may be the next trend in the Internet financial industry. As the interconnection of all things deepens, Chinese societyYang Tao, assistant director of the Institute of Finance of the Academy of Sciences, also said that blockchain will make it possible for all individuals to become important nodes in the allocation of financial resources, and will also promote the improvement of existing financial system rules and build a shared and win-win financial development ecosystem. system.
Blockchain technology will affect many industries
“Blockchain technology has been widely used in the era of big data.” Li Yan said frankly that in addition to the Internet financial field, Blockchain technology has been applied in many fields and has shown great prospects.
For example, the healthcare industry has benefited greatly from blockchain technology. In reality, patient private information leaks often occur, and centralized database or file cabinet management in medical departments is no longer the optimal choice. Medical institutions are using blockchain technology to keep patients' private information confidential.
In addition, blockchain technology also has important legal implications. In some civil fields, it is often necessary to provide evidence to determine blame, and blockchain technology can record every step and help judicial authorities identify the specific responsible person.
“Especially in the field of assets, whether it is physical assets such as real estate and cars, or intangible assets such as health and reputation, this technology can be used to complete registration, transactions, and tracking. It can be said that any lack of Blockchain technology will be useful in all areas of trustful production and life."
The development of blockchain technology has also brought about changes in the operational concepts of various industries. New technologies and new concepts have promoted The new development of various industries, the impact of this driving force on society, and the promotion of economic activities are also huge. Many new industry phenomena will occur one after another, and the public is also waiting to see, expecting this brand-new technology to be used by various industries. Better benefit all industries.
I. Where are the advantages of blockchain technology more prominent
Technical advantages of blockchain ① Data cannot be tampered with, ② Distributed storage ③ Anonymity ④ Network consensus< br />① Data cannot be tampered with. Each node stores a copy of the data on the blockchain network. If the data on that node is modified, then this data will not be recognized by the entire blockchain network. , the modified data cannot be verified. This feature of cruise ships can be applied to many fields, such as business data in the financial industry, government affairs data of companies, audit data, etc. These industries have strict anti-tampering of data. Require.
② Distributed storage and traditional software systems are all managed by a single centralized server. Full consideration must be given to data backup, database clusters, etc., but data loss will still occur and cannot be guaranteed. Data security. In the blockchain system, each running node has a complete copy of the data and can independently retrieve data, which greatly increases the reliability of the entire system. Data between nodes can also be synchronized. , this distributed structure is very suitable for public service-oriented software.It can also be used in game servers to improve the overall experience of the game and also has good data security.
③Anonymity. Some traditional account registrations require a username to be bound to a mobile phone number. Some also require a real-name registration in order to improve the user's identity. At present, almost all blockchain products use "address" to identify users. This address is usually a garbled string. The address is usually converted through a public secret key algorithm. The address on the blockchain The data is open and transparent, but you don’t know who the operator is behind it, so this ensures the security of the user’s information to a large extent. This advantage can be used in payment and settlement, game accounts Protection, etc.
④ Network consensus. Many things in our lives require both parties to reach a consensus. Both parties need to sign a contract, and some things require lawyers and notarization, so the whole process becomes very complicated. It is extremely complex. Each node in the blockchain system independently verifies the contract and reaches a consensus together. This mechanism is applied to business. In fields such as finance and government affairs, efficiency can be greatly improved.
There are many application scenarios for blockchain. We can combine the technical characteristics of blockchain to think about its applications in various fields.
J. Where are the core advantages of the bank confirmation blockchain service platform?
In recent years, financial fraud, accountant audit failures and other risk events have occurred from time to time in the capital market, which has brought great challenges to businesses. Banks bring legal risks and reputational risks, which have attracted great attention from the leaders of the State Council.
On December 18, the "Bank Confirmation Blockchain Service Platform" was officially released. This platform provides a platform for the China Banking Association and the Chinese Institute of Certified Public Accountants to actively implement the "About Further Standardizing Bank Confirmation and Reply Work" "Notice" and other documents require that it be launched to study and promote the digital construction of letter confirmation and improve the standardization level of letter letter business, which is of great significance.
“We hope that in the future, the bank confirmation blockchain service platform can play a role in preventing and resolving risks, promote the improvement of the quality and efficiency of confirmation, and strive to build a demonstrative digital platform with high security, strong public welfare, convenience and efficiency, Make due contributions to improving the construction of the social credit system and strengthening financial services to the real economy." Liu Fushou, chief lawyer of the China Banking and Insurance Regulatory Commission, said at the press conference.
Pan Guangwei, full-time vice president of the China Banking Association, said that in the future, the China Banking Association will work with relevant institutions to promote the direction of the confirmation business towards intensified operation management, electronic paths, standardized business processes, and refined data governance. The direction is transformation and upgrading, improving the quality of accounting information and audit quality and efficiency, promoting the construction of the social credit system, and assisting the high-quality development of the banking industry.
Three core advantages
Bank confirmation and reply letter are the CPA's direct confirmation to banking financial institutions after obtaining authorization from the audited unit during the audit process. Letter to inquire about the authenticity of the audited unit’s bank deposits, bank loans, guarantees, financial management and other information.The process of making inquiries, checking relevant information and providing a reply.
Pan Guangwei introduced that confirmation is one of the core procedures of independent auditing and is crucial to identifying errors and fraud in financial statements. For the entire financial market, confirmation work is related to the quality and efficiency of audit work, the quality of accounting information, and the authenticity of capital market data, and is crucial to preventing financial risks.
“The bank confirmation blockchain service platform adheres to the authoritative, impartial and public welfare construction concepts, and the construction ideas follow the principles of marketization, openness and progressiveness, and gradually promotes Bank confirmation is transforming and developing in the direction of intensification, electronicization, standardization and refinement, and has core advantages in three aspects." Pan Guangwei said.
The first is in terms of platform target positioning. The platform has changed the offline scattered correspondence and reply model to online centralized processing, which can complete the entire process of bank correspondence application, authorization, sending, and reply online, speed up the efficiency of correspondence processing, and effectively solve the traditional paper-based problem. It eliminates various shortcomings of the quality assurance model, reduces the degree of manual intervention of accounting firms, banks, audited entities and other related parties, strengthens risk management and control, and reduces the risk of data errors and fraud.
The second is in terms of platform security. The platform only retains information on the confirmation transmission process and does not retain confirmation data information. It pays attention to the isolation and confidentiality of information to ensure the security of bank and office data. The platform has a financial-level security protection environment and can achieve safe operation of the system 24/7.
The third is in terms of platform technical support. The platform chooses "ICBC Xi Chain" as the underlying blockchain technology. ICBC Xi Chain not only has significant technical advantages, but also has completely independent intellectual property rights. It has passed the authoritative certification of trusted blockchain by the Ministry of Industry and Information Technology and has multiple mature application projects. .
100 banks have applied for access
At the press conference, Pan Guangwei also introduced that after confirming that the bank confirmation platform uses blockchain as the underlying technology, the working group A number of technology companies with blockchain technology and scenario applications conducted on-site exchanges one by one. After expert evaluation, they selected blockchain technology that is autonomous, controllable, safe and reliable, and has more advantages in business connection, post-operation and maintenance, etc. Silver Technology serves as the project contractor.
It is understood that, as the underlying blockchain technology, "ICBC Xian Chain" participated in the trusted blockchain evaluation of the China Academy of Information and Communications Technology in both 2019 and 2020, and passed the function, It is the first blockchain product in the financial industry to be certified by an official authoritative evaluation agency.
“With the strong support of ICBC and ICBC Technology, we have worked overtime and concentrated on solving problems. The system development work was officially completed on October 26, and joint debugging tests are being carried out with a number of banks and accounting firms. Currently, 100 banks and dozens of accounting firms have clearly signed up to apply for access to the platform. We will actively connect with banks and accounting firms that plan to access the platform, and provide solutions and conduct training according to the needs of all parties," said Pan Guangwei. .
ICBCZhang Wenwu, vice president of the bank, said at the press conference that ICBC has always paid attention to the quality of bank confirmation work. ICBC Technology Company has further innovated and improved on the basis of ICBC’s original confirmation e-letter and made every effort to build the platform to achieve the goal as scheduled. The platform was put into production and online. "We will take the signing of the cooperation agreement as an opportunity to actively cooperate with the construction of the platform as the first batch of banks, promote the interconnection between the e-confirmation and the platform, and fully support the use of the platform based on the practice of centralized confirmation at the bank end."
At the press conference, Liu Fushou also said that it is necessary to promote the construction of the confirmation platform in a safe and orderly manner, adhere to safety, prudence, and controllable risks, adhere to pilots first, steadily advance, and adhere to dynamic adjustments and continuous improvement.
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