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㈠ What does blockchain do?

Blockchain is a new application model of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm.

Blockchain is also a decentralized distributed ledger system that can be used to register and issue digital assets, property rights certificates, points, etc., and conduct transfers, payments and transactions in a point-to-point manner. Compared with traditional centralized ledger systems, the blockchain system has the advantages of being completely open, non-tamperable, preventing multiple payments, and does not rely on any trusted third party.

In other words, the previous computing model required a computer to perform all calculations to draw conclusions, while the technical application of blockchain is to use "distributed" to transfer a complex operation separately. Giving N multiple computers to perform simultaneous operations not only reduces the storage load of each computer, but also saves time. Finally, all results are integrated through the "consensus mechanism" to obtain the final result.

㈡ In what areas can blockchain be applied?

I have seen your question. So, in what areas can blockchain be applied? The editor will answer it for you below.

Answer: Bitcoin is the first specific application of blockchain. It was proposed in a paper in 2008 by a person or group of people. Bitcoin uses the blockchain to digitally send bitcoins, as BitCoin is known, without the intervention of a third-party middleman.

But Bitcoin is not the only application of blockchain, as follows:

1. Financial field: Applying blockchain technology to the financial industry can eliminate the need for third-party intermediaries. links to achieve direct point-to-point docking, 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.

3. Public service field: Blockchain is closely related to people’s production and life in public management, energy, transportation and other fields. However, the centralized nature of these fields also brings some problems. It can be used to distinguish Blockchain to transform.

4. Digital copyright field: Through blockchain technology, works can be authenticated, prove the existence of text, video, audio and other works, and ensure the authenticity and uniqueness of ownership

< p>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.

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 all be stored on the blockchain, and can be transparently and publicly disclosed conditionally to facilitate social supervision.

The above is for your reference only, I hope you can adopt it, thank you!

Two major uses of blockchain

First, for transfer and payment, blockchain technology can be used to decentralize, avoid complicated systems, and transform into payment Between the person and the payee, whether it is a domestic or overseas transfer, we can see the characteristics of low price and speed, and the intermediate handling fee is low.
Second, network security
Use blockchain to increase the security of Internet transactions. Although records are visible, blockchain uses very advanced encryption technology, which greatly improves security. Safety of tradement.

㈣ What is blockchain and how to understand blockchain applications

Blockchain is a new application of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm. model. The so-called consensus mechanism is a mathematical algorithm that establishes trust and obtains rights and interests between different nodes in the blockchain system.
Blockchain is an important concept of Bitcoin. It is essentially a decentralized database and serves as the underlying technology of Bitcoin. Blockchain is a series of data blocks generated using cryptographic methods. Each data block contains information about a Bitcoin network transaction and is used to verify the validity of its information (anti-counterfeiting) and generate the next block.
Let’s talk about the social or economic significance of blockchain. Many technologies in the past were actually dedicated to "productivity", such as artificial intelligence, which is an advancement in productivity. The blockchain has greatly improved production relations and is dedicated to production relations. So why do you say that?
Because the so-called production relations are actually how business is done between people and business partners. And these things are originally in the process of people's mutual cognition, and no special procedures are used to program or quantify them.
For example, if you and I are good friends now, we can do business. If someone provokes our relationship and we are no longer good friends, we will not do business. Even if we can make money by doing business, we will not do it. , because everyone no longer has any trust in each other.
As for the blockchain, it is actually because the data has been certified by various nodes and backed up at the same time, so my data is as authentic as possible and cannot be tampered with. So in this case, you believe my data, On this basis, you can create a program, and then program the "production relations" of what kind of business contracts and business cooperation this data can be used for. In this way, everyone believes in the data and the program compiled by the algorithm. And because you believe in the data and the program, you can develop various APPs based on this program. These APPs are the relationship of production and what kind of business you are going to do. This is it: Blockchain is actually a reconstruction of “production relations”.

㈤ What the blockchain can do

Heshu software analyzes it as follows;
There are so many things you can do by joining the blockchain, your computer computing power, your The bandwidth will become a "bookkeeping book" in the network, helping manufacturers record the data they need, and even electricity will be shared.
Heshu Software will focus on promoting the legal circulation and commercial application of big data using blockchain technology.

㈥What can blockchain technology do?

There are so many things that blockchain can do. However, blockchain is just a technology, a technology with very broad prospects, similar to the Internet technology in the 1990s. The Internet has proven to be the greatest technology in the 21st century and has changed the way humans live.
For example, blockchain can be applied to financial fields such as P2P, bills, securities, etc., and can also be applied to contracts. Of course, intellectual property rights can also be protected, such as the distributed content publishing platform DECENT.

㈦ What does blockchain mainly do

Blockchain does not belong to any industry, blockchain It is a new application model of computer technologies such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm. In a narrow sense, blockchain is a chain-vertical data structure that combines data blocks in a sequential manner in chronological order, and is cryptographically guaranteed to be non-tamperable and non-forgeable. La distributed ledger.

What is the blockchain for?

What is the blockchain for?

What is the blockchain for? There are many things in the world that touch our knowledge blind spots, and blockchain is one of them. However, blockchain is often mentioned, so we also need to understand blockchain. Next, I will take you to understand what blockchain is for.

What is blockchain for? 1

Blockchain is a new application model of computer technologies such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm.

Blockchain is an important concept of Bitcoin. It is essentially a disintermediated database. As the underlying technology of Bitcoin, it is a series of related cryptographic methods. Each data block contains information about a Bitcoin network transaction, which is used to verify the validity of the information (anti-counterfeiting) and generate the next block.

Applications

1. Art industry

Ascribe allows artists to use blockchain technology to declare ownership and issue certificates. Numbered, limited edition pieces can be digital for any type of artwork. It even includes a marketplace where artists can buy and sell through their website without the need for any intermediary services.

2. Legal industry

BitProof is the most advanced of the many document timestamp applications that have emerged in recent years, and will make traditional notarization methods a thing of the past. Compared with free versions including Blocksgin and OriginStaemp, BitProof provides more services, including one for intellectual property. Interestingly, BitProof recently collaborated with a San Francisco IT school to put all their students’ academic certificates on the blockchain, completely redefining how diplomas and student certificates are processed and used.

3. Development industry

Colu is the first company to allow other companies to issue digital assets. Their ability to "tokenize" various assets has impressed many people. While the free Bitcoin wallet Counerparty also allows simple tokens to be issued and traded among other wallet holders, Colu's tokens can be configured in various states and types, be able to leave and return to the system, and When storing data on the blockchain is too large, the data can be stored on the BitTorrent network.

4. Real estate industry

They plan to make the entire industry chain process more modern and solve various problems faced by everyone involved in real estate, including the naming process, land registration, Agency intermediaries, etc.

What is Blockchain 2

What is Blockchain

Blockchain is a new application of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm. model. It is an important concept of Bitcoin. It is essentially a decentralized database. At the same time, as the underlying technology of Bitcoin, it is a series of data blocks generated using cryptographic methods.

Each data block contains a batch of Bitcoin network transaction information, which is used to verify the validity of the information, prevent counterfeiting and generate the next block. It is a set of data storage mathematical architecture constructed in a way that is almost impossible to forge or tamper with, and can be used to store all kinds of valuable data.

The Cyberspace Administration of China issued blockchain information service management regulations on January 10, 2019, which will take effect on February 15, 2019.

What is the blockchain for 3

Before talking about the blockchain, let’s talk about the Internet. The Internet is now an indispensable part of us and is closely related to our lives. First of all, the biggest disadvantage is It can only transmit information. The key is that the information data on the Internet can be set artificially. For example, it is often said to browse Weibo and so on. Secondly, there are bugs in the Internet environment, which means that there cannot be equality in data ownership. This is to say that there are some disadvantages of the Internet.

Putting aside what blockchain is, let’s talk about the Internet and blockchain. Blockchain and the Internet are one kind ofParallel relationships can also be a continuation of mutual complementation. So what is a blockchain? A blockchain is actually a series of data blocks that are associated using cryptographic methods. Simply put, there are many data blocks connected in a certain time sequence. It can also be said that a blockchain is a ledger. , but the account book is different from the ordinary computer account book. The blockchain account book is jointly kept by all computers in the world. The biggest feature is that it cannot be tampered with.

What can the blockchain do?

1. Machine trust

In professional terms, it is because of the blockchain The tamper-proof nature of technology fundamentally changes the centralized credit model. Build lowest-cost credit with code. In other words, as long as the code on the blockchain is executed, there is no need to worry about the possibility of stopping midway. Creating a new era of machine trust. Blockchain is expected to lead us from personal trust to the era of machine trust. In other words, his trust cost is close to zero.

2. Value transfer

The Internet can only transfer information but cannot realize the value of information. In other words, the transition from the information Internet to the value Internet will Some fundamental changes occur. Blockchain transfer will be more convenient, while also achieving low-cost transfer of value.

3. Smart contract

This is also one of the most obvious features of the blockchain. When a pre-programmed condition is triggered, the smart contract begins execution and cannot be interrupted by either party, and cannot be deleted, modified, etc. until the end of the contract.

4. Token mechanism

Token mechanism is actually a form of value circulation. Through the tokenization of physical or virtual assets, it can work directly through the network. Mainly There are cost reductions, time savings and crossing borders. It can also be understood as proof of rights and interests. Xunlei and "LinkToken" all belong to the "Token" blockchain.

Blockchain characteristics

It has the characteristics of decentralization, anonymity, autonomy, openness, traceability, non-tampering, collective maintenance and no need for recognition. At present, we often talk about the following types of blockchains: public chain, private chain, alliance chain and side chain.

The application value of blockchain

1. Blockchain information security

Information security is one of the biggest features of blockchain, such as Facebook some time ago The leaks brought some negative social impacts. On May 8, Facebook established a blockchain department to study how to use blockchain technology.

2. Underlying technology

This is one of the most imaginative and core technologies of the blockchain. This is a highly professional academic. Let’s give a simple example. , the most famous project of this underlying technology is Ethereum.

3. Bass service

This is a series of services provided by using data generated by the blockchain, such as query, etc. In terms of Internet and Tencent, both have launched their own Bass services.

Where are the five blockchains mainly used?

At present, relatively mature areas include blockchain + medical care, blockchain + Internet of Things, blockchain + culture and entertainment, blockchain + public welfare, etc.

㈨ What industries are blockchain suitable for?

Industries suitable for blockchain include financial industry, copyright protection, traceability and anti-counterfeiting, energy industry, sharing economy, Internet of Things, etc.
my country’s blockchain industry has developed over the past ten years. Basically, a relatively mature industrial chain has been formed. Under the conditions of national policy promotion and increasing demand in downstream application fields, the market scale of my country's blockchain industry continues to develop, with high geographical concentration and obvious industrial cluster effects.
With the increasing maturity of blockchain technology, the blockchain industry is entering the 3.0 stage as a whole, with good performance in finance, logistics, copyright protection and other fields. In order to promote my country's digital construction, accelerate The Digital China process has made a huge contribution.