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How long can blockchain technology last

Publish: 2021-05-18 16:41:15
1.

What is the prospect of blockchain technology? The following is just personal experience and opinions, for reference and learning only

I have been in touch with the blockchain instry for many years, and I have my own views and understanding from its ups and downs. I personally think blockchain technology is still very good. The reasons are as follows:

first, blockchain technology as a rookie after the Internet, the Internet is the transmission of information, and blockchain is the exchange of value. The development trend of blockchain is similar to that of Internet

2. After the blockchain has gone through great waves and been widely misunderstood, there are still many blockchain explorers and practitioners in the instry making continuous efforts

Third, with the attention of the country and other countries to the blockchain instry, governments all over the country have set up blockchain development funds to promote the development of the local blockchain instry, so as to occupy the highland of the blockchain instry

Fourthly, the Internet of things is the development trend in the future. In the face of the growing demand of the Internet of things ecosystem, the computing power of the central server is severely challenged, and decentralization becomes the key to solve this problem

the above content is only a new point of view, or it needs specific analysis of specific issues. After all, practice is the only standard to test the truth

2. Blockchain is a kind of technology. "In the simplest and most popular way, blockchain technology is everyone bookkeeping, or distributed ledger."
in the Internet era, there is a database behind every system. This database can be regarded as a large account book. In the past, the person who maintained the system was responsible for managing the database and recording the user's behavior, that is, bookkeeping. However, the blockchain is "decentralized", which allows every member of the system to participate in it, not only everyone bookkeeping, but also through links, Everyone can have a complete account book
"blockchain is essentially a collective recording mode. What's special is that it adopts a set of techniques in an ingenious way to realize the authenticity and credibility of the recorded results, which is difficult to destroy and tamper with. " Zhang Xiaorong said, "first, everyone has the right to record and authenticate with each other to distinguish the true from the false, which is called consensus mechanism; Second, no one can tamper with the records, because there are cryptographic signatures; Third, everyone has a , so even if some account books are damaged, the whole will not be affected. This is called distributed storage. The information recorded in this way is presented in block mode according to the time chain, so it is called blockchain. "
various cryptocurrencies represented by bitcoin are originally an application of blockchain technology, which can be described as blockchain version 1.0. However, around 2014, the instry began to realize the important value of blockchain technology. Blockchain graally separated from digital currency and applied to various economic and social fields other than digital currency
it has broad application prospects
blockchain technology is considered as a disruptive innovation after steam engine, electric power and Internet. If the steam engine and electricity liberate the proctivity, and the Internet has changed the way of information transmission, the blockchain, as a machine for building trust, may change the way of value transmission
for example, in the financial field, the cost of reconciliation, clearing and settlement between financial institutions, especially cross-border financial institutions, has always been very high, and there are complex manual processes. The application of blockchain technology can help rece the cost of reconciliation and dispute resolution between financial institutions, and significantly improve the processing speed and efficiency of payment business, It also makes small cross-border payments possible. In December 2017, China Merchants Bank completed the RMB position transfer business from Hongkong Wing Lung Bank to Shenzhen Branch of Wing Lung Bank. This is the world's first interbank cross-border RMB clearing business based on blockchain technology
in addition, according to the white paper 2016 on China's blockchain technology and application development issued by the Ministry of instry and information technology of China, the application of blockchain has been extended to medical and health, ecation, charity, social management and other fields. Taking the cultural instry as an example, the low cost of reproction, the high cost of safeguarding rights, and the difficulty of providing evidence make the protection of intellectual property rights a pain point for the instry. With blockchain, the proction, dissemination and transaction records of cultural procts are true, transparent and reliable, and the problem can be solved
Zhang Xiaorong said that blockchain technology has solved two major problems in the era of Digital Economy: one is the visible flow direction, and the other is zero trust cost. In the past, the circulation of physical paper money was invisible, but the flow of all digital assets had a "chain" to check. Yang Yanchao, a researcher at the intellectual property center of the Chinese Academy of Social Sciences, also believes that the biggest advantage of blockchain is that it has truly completed the credit construction in an anonymous society, bringing new opportunities to many fields, thus making various innovative applications possible
there is a long way to go in the future development
in terms of technology promotion, there is no big barrier to blockchain, which has been confirmed in the global practice of bitcoin, and its main resistance comes from the obstacles in concept and implementation
"on the one hand, the society may be very concerned about the" naked "state in the blockchain. Blockchain has built a "Skynet" for the commercial society. The company's economic activities are all recorded, so there is no secret to speak of. In this way, some business strategies may not be implemented under the blockchain. "
"on the other hand, the current legal system lags behind the development of information technology, so how to put the emerging blockchain technology under the legal supervision needs to be studied." Duan Yongchao said
the core of blockchain is decentralization, which will have an impact on the long-standing central management model. In addition to the law, how to establish a regulatory environment that can promote the application of blockchain technology, so that the technology can benefit the society and not be used to do evil, is also an urgent problem to be solved.
3.

Almost everyone, even those who don't believe in universal certification, has a positive view on blockchain technology, because it may change the whole world. However, it has been ten years since the invention of blockchain technology, and we still do not really use blockchain technology. Some people say that bitcoin is based on blockchain technology, so with its development, the main use of blockchain is as a payment system or value storage means

there are many examples

there is no doubt that blockchain technology can be integrated into almost all sectors of modern life (including the above sectors). However, it has been nearly 10 years since the birth of blockchain technology, and no field has replaced the original technology with blockchain technology. These ideas are good, but the technology is too slow to implement

4. Contract transaction refers to an agreement between the buyer and the seller to accept a certain amount of certain assets at a specified price at a certain time in the future. The trading object of contract trading is the standardized contract formulated by the exchange. The exchange specifies the standardized information such as the commodity type, trading time and quantity. The contract represents the rights and obligations of both parties
to put it simply, we should make an appointment to trade a certain amount of certain goods at a certain time and place in the future.
5. Blockchain, a great technology with the birth of bitcoin, can greatly rece transaction costs and improve efficiency in the financial field, which is enough to make Wall Street excited. However, this is only the tip of the iceberg, and its potential application prospects are very wide, which will subvert all aspects of our lives in the future

to put it simply, blockchain is similar to an account book, recording all the transaction information of bitcoin. This ledger is stored on each bitcoin node of the Internet, and each node has a complete backup. The ledger is stored in blocks, and each block contains some transaction records. Each block will record the ID of the previous block, forming a chain structure, which is called blockchain. When you want to initiate a bitcoin transaction, just broadcast the transaction information to the P2P network, record your transaction information as a new block and connect it to the blockchain, and the transaction is completed

to sum up, the biggest feature of blockchain is decentralization. There is no centralized hardware or management organization in the whole network. The rights and obligations of any node are equal, and the damage or loss of any node will not affect the operation of the whole system

the second feature is distrust. There is no need to trust each other in the data exchange between each node in the whole system. The operation rules of the whole system are open and transparent, and all data contents are open. Therefore, within the specified rule range and time range of the system, nodes can not and cannot cheat other nodes

the third feature is to break the information asymmetry. Blockchain's ledger technology will reflect all the information, similar to an open and transparent credit system of the whole society, breaking any asymmetric information in all societies

these three features alone are enough to make blockchain overturn our present life. The financial instry is one of them

Introction to Bubi blockchain

since its establishment, Bubi blockchain has been focusing on the R & D and innovation of blockchain technology and procts, has a number of core technologies, and has made substantial innovation in many aspects, forming a number of core technology achievements, such as: mathematically verifiable distributed consensus technology, fast large-scale ledger access technology, and so on Multi Chain general ledger technology supporting business form expansion, interconnection technology between heterogeneous blockchains, etc. On April 25, "gege integral" introced the integral system into the concept of blockchain, opened up by multiple parties, issued and exchanged integral, and promoted the circulation of integral. All cooperative institutions can jointly participate in transaction verification, account book storage and real-time settlement; The third-party payment platform of the enterprise points issuer makes the points in and out more flexible. Bubi has developed its own basic blockchain service platform, which has been applied in equity, supply chain, credit and other fields. Bubi has been committed to building an open value circulation network with the core of decentralized (polycentric) trust, so that digital assets can flow freely

for example, our common inter-bank clearing systems, securities settlement institutions and various financial settlement systems are based on this principle, but the difference is that these settlement systems are centralized, that is, there is a central server or central institution to complete the settlement work. If the central institution database is damaged, the whole settlement will go wrong. The settlement system of bitcoin is decentralized and built on the network. We call it P2P network. It is a decentralized settlement database. The destruction of indivial database nodes does not affect the whole bitcoin settlement network at all. Therefore, the distributed data settlement network based on P2P network is a new financial innovation

blockchain technology concept stock? Blockchain is like a database ledger, recording all transaction records. Because of its safety and convenience, this technology has graally attracted the attention of the banking and financial instry. According to the forecast, by 2025, 10% of the relevant information in the global GDP will be saved by blockchain technology. Blockchain technology is facing a blue ocean, and related concept stocks are becoming the wind. In A-share listed companies, it is suggested to focus on the concept leading stocks: Feitian integrity, Yuyin shares. In the future, with the fermentation of speculation, other concept stocks are expected to follow suit

blockchain stock? Blockchain technology concept stock? The part of stock trading is very simple, but the process of clearing and settlement becomes complicated. Blockchain trading can greatly simplify this part of trading

the convenience brought by blockchain is reflected in the stock cash transaction, which mainly reces the time of clearing and settlement process. Specifically, it means to rece or eliminate the wrong transactions, improve the efficiency of the back office, and rece the settlement time.
6. The analysis of jinwowo network is as follows:
many organizations pay more attention to how to apply blockchain technology to business, improve business efficiency or service quality, rather than stay in the underlying technology of blockchain itself
however, in order to apply blockchain, we must first master the technology and concept of blockchain, then select the application scenario, select blockchain, be familiar with the development technology of this kind of blockchain, and finally carry out the application development and business transformation of blockchain. The whole cycle is long.
7. Huo, he is applied in many directions
the application is as follows:
1, mobile development direction
2, blockchain development direction
3, Internet of things direction
4, back-end development direction
5, front-end development direction
6, shangxuetang has systematic and complete blockchain video.
8. Blockchain should be popular in China. I have also heard Zhai Shanying talk about blockchain technology. Blockchain can be said to be a comprehensive technology. Take the phenomenon of people touching porcelain for example, blockchain technology is to let everyone in the world understand the experience of touching porcelain. The emergence of a technology, there should be pros and cons, so do not blind everything, the market will give us the answer.
9. If the realization of blockchain technology value only stays in this ideal state, there is no future. Only when it is promoted and applied in the actual financial scene, can blockchain really play its value. According to a survey of 200 banks around the world, it is estimated that 15% of the world's banks will widely implement blockchain technology next year
IBM predicts that within four years, 66% of the banks will have commercial blockchains with considerable scale. Banks hope that through the use of blockchain technology, institutions can update data in real time, rece costs through disintermediation, and accelerate transaction time. These large banks mainly focus on three areas of blockchain Technology: consumer lending, retail payments and reference data
however, blockchain applications in China have begun to start a prairie fire, and ant finance has applied blockchain to public welfare; Puyin group launched the tea based digital currency Puyin; China Post has launched a blockchain asset custody system.
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