区块链对金融颠覆性的影响,区块链对金融颠覆性的作用

区块链技术的出现，为金融领域带来了颠覆性的影响，下面我们就来看看区块链对金融领域的三大作用：

1、改善金融机构的运营效率：区块链技术可以改善金融机构的运营效率，使得传统金融机构可以更快更有效地完成交易。比如，区块链技术可以使得金融机构在处理大量数据时，可以更快更有效地处理，从而节省大量时间和成本。此外，区块链技术还可以改善金融机构的资金流通效率，使得资金可以更快更有效地流转，从而提高金融机构的运营效率。

2、提高金融服务的安全性：区块链技术可以提高金融服务的安全性，因为区块链技术本身就具有不可篡改的特性，可以保证金融服务的安全性。此外，区块链技术还可以提供更多的安全性措施，比如加密技术、多层安全验证等，可以有效地防止金融服务遭受非法入侵。

3、改变金融服务的结构：区块链技术可以改变金融服务的结构，从而改变金融服务的运作模式。比如，区块链技术可以使得金融服务不再受到中心化机构的控制，而是以去中心化的方式运作，从而大大提高金融服务的效率。此外，区块链技术还可以改变金融服务的结构，使得金融服务更加透明、公开，从而更好地保护投资者的利益。

以上就是区块链对金融领域的三大作用，可以看出，区块链技术的出现，为金融行业带来了颠覆性的影响，使得金融服务更加高效、安全、透明，从而更好地保护投资者的利益。

① Blockchain “tokens” will subvert “capital”

What blockchain brings is an opportunity that comes only once in 500 years. Because what it changes is not productivity, but production relations.

A person works for a company 8 hours a day. Does he have to work for a company in the future? Is it possible to be self-centered rather than company-centered? This is what blockchain technology brings us to think about.

Most people think of blockchain as a new technology, some say it is a new generation of the Internet, and some call it the digitization of currency or assets. The author believes that what blockchain is facing is to subvert the entire social relationship and social organizational form. It is a manifestation of the development of productivity to a certain stage. The Internet has brought about a great development of productivity. The previous production relations have no longer adapted to the development of productivity levels, and have even hindered the development of productivity. The exchange of new productive forces and the birth of new production relations are the token economy brought about by blockchain technology. Its impact is much more profound than the blockchain technology itself.

Previous capitalist reforms all focused on capital, and tokens will subvert the economy and even capital. The original modern company organization method of capital structure with raised funds as the core will be subverted by the future economic organization method of token structure with contribution incentives as the core. The capital economy will be subverted by the token economy, and capitalism may be subverted by tokenism.

Reshaping human organizational forms, business organizations, and corporate systems can be regarded as the greatest invention of capitalist society in the past few hundred years. It can be said that without the company, there would be no history of Britain becoming an empire on which the sun never sets, and there would be no strong rise of the United States. But as the company has developed over the years, problems have also emerged.

Labor creates value, but workers do not enjoy value, that is, those who create value do not enjoy value, and those who enjoy value do not create value. For example, in Taobao, value is created by executives, employees, consumers, distributors, and suppliers, but those who truly enjoy value are those who invest in the capital market.

The author believes that it is time for humankind’s organizational and economic forms to be reshaped. In the past, when running a company, as long as it raised funds, it could hire more people, buy more production materials, and expand reproduction. In this era of fragmentation, entrepreneurs no longer need to rely on a lot of capital to start a business. They can also crowdfund to start a business. Even if you don’t invest any money, as long as your people contribute to the company, they can enjoy the value of the company. The organization of resources has changed: funds are no longer the most important, resources are the most important.

This organizational method is fully expressed by the blockchain. Wu Xiaobo mentioned a term called "entrepreneur": entrepreneur and investor. It is unimaginable that investors and entrepreneurs can be separated. All valuable things in the company are reflected on the balance sheet, including equipment, factories, and land., is the most valuable asset. Now data and users are the most valuable assets in the future, and they are not reflected in the balance sheet.

What has always been the case is that employees in the company receive salaries, executives receive incentives plus some options, channel dealers earn product price differences, and partners earn service fees. Now this logic has changed, and the source of value has been changed. In the past, the surplus value of labor was expropriated by capital. In the future, everyone should be a contributor and enjoy. A person has a variety of resources: human resources, knowledge resources, and governance resources. Everything is centered on the individual, not around the product or the company.

Blockchain subverts the company's core value - maximizing shareholders' interests, and also subverts the company itself.

Blockchain’s transformation of traditional companies is reflected in its fragmentation of production processes and data, which is exactly the opposite of many social organizations. In the past, in industrialized societies, business could only be done on a large scale because transaction costs were very high. Blockchain makes granular transactions possible, miniaturized and trustworthy. In the original exchange of capital flows, there must be a process of fund payment when signing a contract. After digital assetization, it can be automatically processed through smart contracts, and the company system faces various challenges.

In the future token economic structure, things that were originally considered valuable may become worthless, such as investors who form the basis of a company’s capital structure. and managers, company equity, assets, claims, capital, funds; the corporate governance structure that constitutes the company's organizational structure - shareholders' meeting, board of directors, management and employees; the accounting statements that constitute the basis of the company's financial system - costs, assets, liabilities , profit, income, depreciation, etc.

What the blockchain changes is not productivity, it changes production relations. The token system is a great invention. It is not a technology or a financing token, but a new organizational form and operation method that integrates all resources and value sharing. It is the next economic era. The "certification circle" will become a more sustainable circle with the influx of more traditional companies after the "Token circle", "chain circle" and "mining circle".

Token system reform: Token reform, chain reform, certificate reform

The chain is the skeleton, and the token is the soul. It can make a person and a community come alive. Everyone is a creator and value contributor, and everyone is an owner and enjoyer. This is the real meaning. However, the current token reform and chain reform claim to be decentralized and cannot be tampered with, but they still remain at the technical level. Technology will develop very fast in the future. This is not a problem that needs to be worried about. The biggest problem is whether the production relations have been adjusted. Just like as long as the company is established, financing and share reform are not problems.

The upper layer of the pass is Token reform, financing, ICO, and white paper, which has the function of financing and financial attributes; the lower layer is chain reform, blockchain technology, and distributionIt has technical attributes such as formal accounting, encrypted authorization, consensus mechanism, and smart contracts. They are interrelated and form a business logic, which is the core of the certificate. But now the upper and lower parts are separated. People who talk about chains call them chains, and people who talk about tokens call them tokens.

Certificate reform is the operating mechanism of a community. It is the sum of investment, production, distribution, exchange, consumption and other relationships, and has social attributes. It is not determined by the value of the chain, nor by how high the currency is speculated, but by the value of its own operation. The scope of tokens is larger than digital currency and blockchain itself. It is an adjustment of production relations when productivity has developed to a certain stage. Therefore, the future society may enter a token community organization, a token economy, or even a tokenism society.

The token economy is very important. It is the most important target tool for the future market. The economy undergoes fission, and the joint-stock economy turns to the token economy. Blockchain gives everyone a distributed account to manage and calculate people's value, thereby realizing the democratization of the economic system. Stocks are a certificate that distributes dividends based on equity. However, in the context of the digital economy, everyone's data has value. When participating in the distribution, a human value certificate - Token - appears, which is a human value certificate. Calculate using blockchain. This transformation changed the human distribution system so that everyone has the right to participate in distribution. Each person's big data is scientifically measured and essentially reflects a person's ability to create value. The token economy will take a big step forward in the civilization of human society, fully discover human value, better manage human value, and create more human value. Under this system, everyone has the right to freedom based on personal value, and there is no more exploitation and inequality.

To create value, tokens need to be issued through the blockchain. Only when the value of Token is stable can the certificate appreciate. Therefore, the transformation of the token system is a precise distribution and transaction model. Investors get certificates, producers get certificates, distributors get certificates, traders get certificates, and consumers get certificates. Balancing these five relationships requires accurate big data analysis to achieve a balanced and stable growth. mechanism. Therefore, certificate reform is not that simple. Chain reform is the participation of technology, Token reform is the preparation of white papers, and certificate reform can create core value. After centralization, the company is at the core, and decentralization is at the core of the token. A completely decentralized company has no value. Is the value of a fully centralized token zero? Does issuing Token mean the embodiment of real pass?

Many company forms will change in the future. Public companies, private companies, credit companies, market capitalization companies, and market capitalization management price-to-earnings ratios are actually issues we need to think about during the transformation of the token system. In the past, opportunities were once in 10 years, once in 30 years, and once in 100 years. Now they are once in 500 years. The author believes that blockchain is a very big opportunity. Instead of participating in the Token circle and the chain circle, it is better toCreate enterprises with real blockchain token value.

② What are the application fields of blockchain technology

Abstract: Blockchain technology is the underlying technology of Bitcoin. Bitcoin is operated and managed without any centralized organization. It has been running very stably for many years (it has been running perfectly for 7 years) without any problems (no account has been missed), so someone noticed its underlying technology and abstracted the Bitcoin technology and called it a block. Chain technology, or distributed ledger technology.
What is centralization?

The so-called centralization simply means “ownership” or owned by the company. For example, Tencent’s Q coin is issued by Tencent. It is a centralized electronic currency, including the total amount and the issuance method. Regulated and controlled by Tencent. You can use it, trade and shop, but you always have to operate within the framework of Tencent, and the final right of interpretation belongs to Tencent.

The issuance method of Bitcoin is preset by programs and encryption algorithms, and runs on multiple nodes around the world. No one or institution can modify it (everyone has his or her own With one account book, it is impossible for one person to control everyone’s account books at the same time. If there is this technology, why bother to make it so complicated? If you just blackmail money into your own account, you will be the richest man in the world, no one!), and it is not subject to any controlled by a single person or institution.
For example: For example, Lao Zhang asked Lao Li to borrow 100 yuan, but Lao Li was afraid that he would default on the loan, so he asked the village chief to notarize and record the account. This is called centralization. But if you don't go to the village chief, but just use the loudspeaker to shout in the village: "I, Lao Li, lent Lao Zhang a hundred yuan! Please record it in the account book." Everyone will record this account in their own account book. This is called decentralization.
Any transfer between people will be announced through a loudspeaker. After receiving the news, everyone will record the transaction in their own ledger. With distributed ledgers, it doesn’t matter if the ledger of Lao Zhang or Lao Li’s family is lost, because other families such as Lao Zhao, Lao Ma, and Lao Wang all have ledgers.

The main advantages of the blockchain are that no intermediary is involved, the entire process is open and transparent, and the cost is low and data security is high.

Blockchain is currently at a stage where everyone talks about blockchain but cannot perceive its actual technical charm. Since 2017, it has gradually entered everyone’s attention and everyone has gradually become aware of Bitcoin. This kind of thing is more violent than real estate speculation (the price of mining machines has skyrocketed! The news is all over the screen!), but I still don’t realize how serious it is.

So, what fields can blockchain be applied to and how will it change our future lives?

Core key: everyone has an account, everyone has an account book, The information recorded in everyone's ledger is consistent and synchronized, and the information is completely transparent. If it is falsified, it will be regarded as a public enemy, greatly increasing the cost of data falsification.

Core key 2:Decentralization does not require a central system to manage data, preventing some people from changing the data and harming the interests of the majority of people.

Application aspects:

1. Account security and privacy protection: currency transfer, exchange, payment system. Blockchain can help prevent data manipulation and fraud, prevent distributed denial-of-service attacks (DDoS), and effectively protect users’ online privacy. Keywords: Anti-counterfeiting, loan payment.

2. Copyright supervision and interest disputes: For example, when a song is downloaded, everyone from the writer to the producer to the singer can receive payment in real time through the blockchain without the traditional method. It took a long time to wait and even no way to get paid due to copyright disputes. Rather than waiting for a royalty check from a publishing company, creators can freely control the process of their works from publication to payment through blockchain applications. Keywords: Real-time payment, no property rights disputes.

3. Internet of Things + Artificial Intelligence: Smart devices in the Internet of Things built based on blockchain will be used to monitor the real-time conditions of urban infrastructure such as bridges, roads, and power grids. Blockchain These smart devices can be connected together for unified management to help them monitor more efficiently. This will help people better understand how to build smart cities in the future. Keywords: unified monitoring, smart city.

4: Proof of existence: In life, once you are asked to prove that you are you, prove that your mother is your mother, prove that you are not married, prove that the house is yours, etc., it depends. It seems very simple, but once it happens to you, it will cause great trouble. The application of blockchain technology can perfectly solve the above embarrassment. At that time, all the information that belongs to you will be recorded accurately and cannot be tampered with, and no one has the right to change it. When the technology develops to a certain stage, birth certificates and marriage certificates may be recorded on the blockchain. Keywords: No keywords

In addition to the application scenarios mentioned above, blockchain technology can also be applied to e-commerce, data storage, logistics and other fields. As long as you grasp the advantages of blockchain technology characteristics will become easier to understand.

③ What disruptions does blockchain bring and why can it become a national strategy?

The disruptive characteristics of blockchain lie in the following four aspects: 1. Transparency. The data records of the blockchain system are transparent to the entire network nodes, and the update operations of the data records are also transparent to the entire network nodes. This is the basis for the trust of the blockchain system. Since the blockchain system uses open source programs, open rules and high participation, blockchain data records and operating rules can be reviewed and traced by nodes throughout the network, with high transparency.
2. Openness. The blockchain system is open. Except for the private information of the parties directly related to the data, which is always encrypted, the blockchain data is open to everyone (except for blockchain systems with special permission requirements). Anyone or participating nodes can query blockchain data records or develop related applications through public interfaces, so the entire system information is highly transparent.
3. Information cannot be tampered with. Once the information of the blockchain system is verified and added to the blockchain, it will be permanently stored and cannot be changed (except for systems such as private blockchains with special change requirements). Unless more than 51% of the nodes in the system can be controlled at the same time, modifications to the database on a single node are invalid, so the data stability and reliability of the blockchain are extremely high
4. Decentralization. Decentralization is the most basic feature of blockchain, which means that blockchain no longer relies on central processing nodes and realizes distributed recording, storage and updating of data. In a traditional centralized network, attacking a central node can destroy the entire system. However, in a decentralized blockchain network, attacking a single node cannot control or destroy the entire network or more than 5% of the nodes in the network. It's just the beginning of gaining control. 2019 is the first year of commercial application of blockchain technology, and favorable policy incentives will make the development of blockchain technology more stable.
As the application of blockchain technology gradually penetrates into many fields such as digital finance and the Internet, everyone has a clearer understanding of the value of blockchain.
Blockchain has formed a global competition situation. All countries are seizing development opportunities, and China cannot lag behind; therefore, it is understandable that blockchain has become a national strategy.

④ What is blockchain technology and what impact does it have on the banking industry

Blockchain is a technology that can completely change the underlying design of the financial system because it can enable all market participation It is an undifferentiated record of ownership and transaction records of all assets in the market, so it can completely eliminate the intermediate links of liquidation and custody that confirm ownership before, during and after transactions; in addition, blockchain, as an electronic information record, can Combining computer algorithms to automate transactions is called smart contracts. Blockchain has many derivative applications combined with other financial technologies, each of which can replace a type of market intermediary. Blockchain is to financial services what TCP/IP is to the Internet: once the underlying standards are recognized and popularized, specific applications like Bitcoin and R3 will appear in every corner of financial services. Bitcoin uses blockchain technology to query and record. For example, if I register an account with Haobtc and then transfer money, I need to go to the block browser in the account to query or go to the BTC block. The browser can query the status, so that blockchain technology can help me solve the problem of daily transfer currency query.

⑤ What is blockchain technology and how does it affect the financial and monetary system?

What is blockchain technology and how does it affect the financial and monetary system? "Cratonic Destruction and Terrestrial Biological Evolution" led by Zhou Zhonghe, an academician of the Chinese Academy of Sciences and a researcher at the Institute of Vertebrate Paleontology and Paleoanthropology, Chinese Academy of Sciences, became one of the first three projects to receive this funding in 2016. He told China News Weekly that the project's funding management is relatively loose, but the problem is that this kind of project is too scarce.Although it is a stable support model, it is still essentially a highly competitive project. Zhuang Ci also believes that the proportion of support for such projects is very small and is still targeted at a very small number of people. The competition has become increasingly fierce. "When eating barbecue in Jinzhou, 70% of people come here to drink and relieve stress. For example, the guy who came last night showed off eight bottles of Harbin beer while having barbecue. Their children earn more than 2,000 a month, which is better. The houses are only 7,800 to 8,000 square meters. Even if the family pays for the down payment, the children will have a hard time paying off the mortgage. Not only the parents are worried, but the children themselves are also anxious." said Brother Li, who opened Qiechun BBQ restaurant in Jinzhou.

⑥ Is blockchain subversive?

A few days ago, media reports stated that the Internet can be called a great revolution. Since its birth, it has continuously refreshed imaginations, transformed the world, and differentiated Blockchain is disruptive.

In the early stage of the development of blockchain, on the one hand, it needs the full brewing of the market, and on the other hand, it also needs the guidance of the government. Blockchain may pose some challenges to current laws and regulations. Especially in the financial field, we do not have to predict its future, but we must do a good job in process supervision. The next step is to look at the application and development of all aspects of blockchain.

Source of the article: Bit 110 Network

⑦ Is it still far from foreign banks experimenting with "blockchain technology" to subvert the financial industry?

Although the benefits of blockchain technology A lot, but it will also prevent financial institutions from making profits by reinvesting during the capital turnover period. This is why many financial institutions are in a wait-and-see state.
In China, the same topic is continuing. On January 20, 2016, the Digital Currency Seminar of the People's Bank of China announced the initial results of digital currency research and stated that the central bank is exploring the issuance of digital currency, and blockchain technology is the core behind it.
In the future, we feel that not only digital currency, but also blockchain technology will play a huge role in crowdfunding, P2P, securities and other fields, playing the role of a "disruptor".
However, many blockchain applications with promising applications have emerged in the world, such as Ethereum and the decentralized content publishing platform DECENT.

⑧ How can blockchain cover other industries besides finance?

Blockchain is one of the most challenging innovations in the field of financial technology (Fintech) because blockchain Fundamentally subverting the inherent logic, operating model and business scope of traditional finance, breaking through the limitations of countless conventions, and entering a series of new application fields that were previously unreachable.
Blockchain is called a disruptive technology that will reconstruct the key underlying infrastructure of Internet finance and even the entire financial industry. Its value in the financial field is waiting for people to discover. Specific applications are as follows:
1. Applications in the banking industry
Wallet and payment are the first areas where blockchain technology has been involved, but this is also the traditional business scope of the banking industry. What changes can the arrival of blockchain technology bring?
Cross-border payment—Application case:
Circle Founded in October 2013, Circle aims to make Bitcoin "easy to operate, similar to Gmail (Google Mail), Skype (Microsoft's Internet phone) and other customer service tools." The company quickly Get a lot of financing. In mid-2014, it received US$27 million in investment, becoming one of the most well-funded companies in the field of digital cryptocurrency.
In 2015, Goldman Sachs and IDG Capital Partners led the investment, raising $50 million in funding for Circle. In June 2016, Circle received US$60 million in investment led by Chinese investors, and announced that it had established an independent company in China, Circle China, established a local team, and reached strategic cooperation with Internet and Everbright.
Circle utilizes Bitcoin blockchain transactions to provide instant and free fund transfers around the world. Circle hopes to use Bitcoin as a free Internet payment network to enable the smooth flow of national legal currencies around the world without any hindrance. By partnering with overseas companies like IDG, Circle can provide financial services to users using legal currencies in various countries.
Despite the complex regulatory structures of payment systems in various countries, cooperation between these countries has made progress. In April 2016, Circle received the first electronic currency license issued by the British Financial Conduct Authority (FCA), which attracted widespread attention in the industry. Subsequently, Circle announced the establishment of a partnership with Barclays Bank and officially entered the British market. Since then, British consumers can enjoy services such as fast transfer payments and Bitcoin buying and selling like American consumers.
In order to make it more convenient for users, Circle cooperates with Apple. In the iOS 10 system, Apple’s iMessage supports users to use Circle’s Bitcoin payment system. Circle CEO Jeremy Allaire said:
“Consumers will benefit from iMessage allowing payment services to be connected. It would be difficult to install an APP alone for payment, and it would be difficult to share it with friends. Transfer payments between places also require a complex setup process, but directly connecting to the iMessage service is much simpler.”
On September 13, 2016, Circle announced that users can pay to anyone in the world through iMessage. people.
The advantages of blockchain in cross-border payments: low cost, real-time transactions, and high security.
Smart Bills—Application Case:
Complex Beauty Blockchain Bill Project Bills and blockchain technology can be well combined. After adopting the decentralized distributed ledger of blockchain, it has changed the current situation. Some system storage and transmission structures have established a more secure operating mode to solve the problem of counterfeit bills.
When passedThe timestamp completely reflects the process from the creation to the demise of the bill, and its history can be traced, which makes this model have a new continuous endorsement mechanism and truly reflects the transfer process of bill rights.
The domestic Hangzhou Complex Beauty Blockchain Research Center has also initially developed an open source project for a blockchain lending bill exchange based on Ethereum, which integrates multiple segments such as finance, catering, business management, and express delivery tracking. The concept of using blockchain technology in the field. As shown in the figure, the open source project of the Complex American Blockchain Network Lending Exchange is an online lending exchange that applies blockchain technology and can complete online transactions claiming to be 150,000 per second with no handling fees.
Blockchain-based bill business has four advantages:
From the perspective of moral hazard, "one vote sells more" in paper bills and the payment and endorsement in electronic bills are not synchronized from time to time. However, due to the non-tamperable timestamp and the publicity of the entire network, the blockchain will not cause any defaults once the transaction is made, regardless of whether it is a paper ticket or an electronic ticket.
From the perspective of operational risks, since the electronic bill system is operated in a centralized manner, once there is a problem with the central server, it will have catastrophic consequences for the entire market. At the same time, the access to corporate online banking will transfer more risks to Regarding the bank’s own network security issues, the entire chain of risks will become longer and longer. With the help of distributed high fault-tolerance and asymmetric encryption algorithms in the blockchain, the risk caused by human operations will be almost zero.
From the perspective of credit risk, the collection and assessment of the credit of all participants can be achieved with the help of blockchain data, and real-time control can be carried out.
From the perspective of market risk, a large number of asset mismatches in the intermediary market not only lead to their own losses, but also tie up the interests of banks. With the programmability of blockchain, not only can the balance of participants' assets and liabilities be effectively controlled, , and can also rely on the characteristics of data transparency to promote the authenticity of the entire market transaction price response to capital demand, thereby forming a more realistic price index, which is conducive to controlling market risks.
Bank settlement - application case: VISA
Bank settlement refers to the act of collection and payment through the transfer of funds from bank accounts, that is, the bank accepts the entrustment of the customer to collect and pay on behalf of the customer, and transfers the money from the deposit account of the paying unit , transferred to the deposit account of the receiving unit to complete the settlement of claims and debts between customers or the allocation of funds. In this process, banks serve as both a medium for commodity exchange and an intermediary for clearing funds in social and economic activities.
Unlike domestic banks, which mainly rely on the difference between deposits and loans to make profits, half of the profits of multinational banks come from intermediary settlement business. For them, if they open up new business areas and reasonably reduce settlement costs, it is directly related to their fundamentals. .
VISA is the world's largest credit card company. There is no doubt that the rise of digital cryptocurrency will inevitably have an impact on its credit card payment business. However, VISA has not always been resistant to electronic currency and blockchain, but has adopted an open attitude.
October 2015, VISA and DocuSign jointly launched a "proof of concept" project to use the Bitcoin blockchain to record and store car rental data. The project combines DocuSign’s digital transaction management (DTM) platform and electronic signature solutions with VISA’s secure payment technology. It allows consumers to configure rental, insurance and other daily purchases in the car, such as parking fees and tolls, and users can pay directly with VISA cards.
Peripheral applications do not satisfy VISA. In the same year, VISA cooperated with Coinbase to launch the first Bitcoin debit card that can be used in the United States. On November 30, at the UnBound conference in London, the VISA European Innovation Lab demonstrated a "proof of concept" remittance application through which people can remit money on the Bitcoin blockchain.
In September 2016, VISA launched Interbit, an inter-bank settlement and payment system based on blockchain technology in cooperation with digital payment startup BTL Group, to evaluate whether blockchain technology can facilitate international transfers between banks. Reduce costs, settlement time and credit risk.
A series of major actions in the past two years can be seen: VISA has begun to realize the value of blockchain technology and is working hard to make blockchain technology a powerful tool to expand its sphere of influence.
The advantages of blockchain in bank settlement: safe, convenient and intelligent.
In addition to using blockchain technology to transform existing businesses, major banks around the world have also launched their own encrypted digital currency plans to reduce their operating costs.
Advantages of blockchain in banking digital currency: reducing costs.
2. Securities investment market application
Securities trading - application case: Linq
The securities trading market is an important application field of blockchain. The application of blockchain technology can not only speed up clearing and settlement, but also reduce the number of books that financial institutions need to maintain and ensure more accurate audit trails.
NASDAQ is the earliest pioneer in the securities exchange market. In the second half of 2015, it launched Linq, a trading platform based on Bitcoin trading technology for trading of primary market companies. As shown in the figure below, Linq can record equity transactions before a company's IPO. It can track corporate equity transactions, shareholder and investor information, etc., and is very valuable for asset analysis in the private equity market.
Fredrik Voss, head of blockchain strategy at Nasdaq, is convinced that the high efficiency provided by blockchain technology will greatly enhance Linq’s advantages as a private equity trading platform. . So far, there is no technology that can really keep people away from paper work, and blockchain technology will make it a big step forward, significantly reducing the possibility of errors compared to manual processing.
The advantages of blockchain in securities transactions: speed up settlement, simplify accounts, and facilitate tracking and auditing.
Equity Crowdfunding - Application Case: Xiaoyi
Funding has always been a gap between creative ideas and entrepreneurship, and it was this gap that gave birth to the world's first crowdfunding platform - Kickstarter. The way Kickstarter works is a typical platform business model, where users on one side are people who are eager to create and create, and on the other side are people who have some funds and are willing to fund new ideas. Both parties share the same desire. They all hope that new ideas will become reality and achieve continuous promotion.
Crowdfunding platforms based on blockchain technology can raise funds by creating their own digital cryptocurrency or digital assets, and by distributing their own "digital equity" to early backers, investors receive support for startups. Certificate of shares.
Blockchain crowdfunding platforms usually have a three-layer structure:
The lowest layer is the blockchain network, which builds a decentralized distributed ledger;
The middle layer is business logic Combined with the blockchain, we jointly establish an account center, equity registration, equity certificates, equity transactions, equity management and other functions;
The top layer provides services to customers of various crowdfunding platforms.
In China, Xiaoyi is the first company to use blockchain technology to register company equity. Although this is an innovation, it is not easy to achieve compliance with Chinese laws and connect with the physical world in terms of underlying logic and various details. After in-depth research and analysis of my country’s current legal environment, Xiaoyi has the potential to become a practical blockchain application.
Xiaoyi is a blockchain protocol based on blockchain technology that registers, issues, manages, and trades various equity shares through a peer-to-peer network. In the early stage, the equity of unlisted companies will be used as the entry point to provide digital share incentive solutions for startups and equity management solutions for equity crowdfunding companies. In the future, it will transition to tradable equity, that is, "blockchain IPO", which will gradually become blurred. The boundary between unlisted companies and listed companies.
The advantages of blockchain in equity crowdfunding: transcending time and space constraints, optimizing crowdfunding organizations, and rational distribution of equity and interests.
3. Insurance Industry Application
Policy Sales—Application Case: Bubi Aviation Accident Insurance
Traditional aviation accident insurance has always had problems such as insurance fraud and price hikes by intermediaries. As the saying goes, "The wool comes from the sheep", which is ultimately passed on to consumers. Blockchain technology can provide effective means to solve these problems.
On July 29, 2016, Bubi Blockchain cooperated with Sunshine Insurance to launch the "Blockchain + Aviation Accident Insurance Card", which is the first domestically-made mainstream financial assets to be placed on the blockchain. circulation.
Most aviation accident insurance will only pay out claims when an accident occurs on the plane, so in most cases it is not easy to detect when customers buy fake insurance. In order to prevent buying "fake""Insurance Policy", Bubi Blockchain relies on its multi-party data sharing characteristics to trace the entire process of card orders from the source to the customer. All parties can not only check the authenticity of the card orders, but also ensure the authenticity of the card orders. It can facilitate subsequent processes, such as claims, etc.
In order to prevent middlemen from raising prices and passing them on to consumers, aviation accident insurance cards are set up on the Bubi blockchain. Without middlemen, the price of insurance cards will be It has obviously dropped. According to data, if you buy a copy of this product for 60 yuan, you can use it for 20 people, and you can get up to 2 million yuan in aviation accident protection each time, which is equivalent to spending 3 yuan each time to get 2 million yuan. Guarantee.
The advantages of blockchain in the insurance industry: authenticity and transparency, information security, traceability, clear claims process, and low cost.