Blockchain token can be traded
As of May 2020, blockchain and digital currency are illegal in China
according to the announcement of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the risks of token issuance and financing, Article 2 no organization or indivial shall illegally engage in token issuance and financing activities. Organizations and indivials that have completed the token issuance and financing should make arrangements such as refund, reasonably protect the rights and interests of investors, and properly handle risks. Relevant departments will seriously investigate and deal with the activities of token issuance and financing that refuse to stop and the illegal behaviors in completed token issuance and financing projects
Article 3 strengthen the management of token financing trading platform
from the date of this announcement, any so-called token financing trading platform shall not engage in the exchange business between legal currency and token and "virtual currency", and shall not buy or sell token or "virtual currency" as a central counter party, and shall not provide pricing for token or "virtual currency" Information intermediary and other services
extension data
"illegal financial institutions and illegal financial business activities ban" stipulates that:
eleventh, the criminal suspect, funds and property involved in illegal financial institutions and illegal financial activities, and the public security organs shall take compulsory measures according to law to prevent suspect from escaping and transferring funds and property. p>
Article 12 the people's Bank of China shall, after investigation and confirmation, make a decision to ban the illegal financial institutions and financial business activities, declare them illegal, order them to stop all business activities, and make an announcement
Article 13 if the people's Bank of China discovers that a financial institution opens an account, handles settlement and provides loans for an illegal financial institution or illegal financial business activities, it shall order the financial institution to stop the relevant business activities immediately. No unit or indivial may use the relevant funds without authorizationat the same time, it can provide mutual trust for transactions by using trusted self-executive code, so as to rece uncertainty and promote digital transfer and asset transactions
bitcoin is the most well-known blockchain as an encryption currency that uses blockchain technology to realize alternative payment. Bitcoin is a kind of unlicensed blockchain, also known as public blockchain, which does not restrict the identity of users who consume bitcoin or participate in verifying the authenticity of transfer blocks in the blockchain (an energy intensive process, also known as "mining"). These miners get token, or bitcoin, in return, and given that everyone can view the block (though anonymously), the blockchain itself is somewhat transparent
bitcoin is controversial and banned by many countries e to user anonymity to a large extent. However, it is worth noting that the anonymity and energy use of bitcoin are its own characteristics, not the characteristics of the whole blockchain technology.
Art Instry
ascribe allows artists to declare ownership, issue numbered and limited edition works, and aim at any type of artwork in digital form. It even includes a trading market where artists can buy and sell through their websites without any intermediary services
legal instry
bitproof is the most advanced of many document time stamp applications emerging in recent years, which will make the traditional notarization method a thing of the past. Bitproof offers more services than versions including blocksgin and originstaemp, including one for intellectual property. Interestingly, bitproof recently cooperated with an it school in San Francisco to put their students' academic certificates on the blockchain, completely redefining how to handle and use diplomas and student certificates
development instry
colu is the first enterprise to allow other enterprises to issue digital assets. They can "token" all kinds of assets and make a profound impact on many people. Although the bitcoin wallet couperparty also allows the issuance of simple tokens and transactions among other wallet holders, the tokens of colu can be set with various states and types, and can be detached from or returned to the system. When the data stored on the blockchain is too large, the data can be stored on the BitTorrent network
network mutual aid instry
concentric mutual aid is the first blockchain network mutual aid platform to be implemented and applied. Technically, through blockchain and big data technology, the defects of traditional network mutual aid mode can be eliminated, and a new open and transparent network mutual aid platform can be established.
Pure blockchain technology can also be applied in non-financial fields. Here are some examples of blockchain technology application:
-
cross center sharing of provident fund blacklist
ant financial blockchain and Huaxin Yong build "cloud platform of joint dishonesty punishment and deposit proof", Hainan province takes the lead in sharing the black list and deposit certificate of provident fund across centers and regions through the platform -
business service blockchain platform
the platform uses blockchain technology to open the service mode of "all-weather, zero meeting, one click" and applicants can apply for business license through the "blockchain + AI" platform, which takes only one and a half hours -
Jingdong Logistics creates a blockchain traceability platform with one click traceability of beef and mutton
< / OL >
there are many areas where blockchain technology can be applied, and it does not have to be related to digital currency. Cryptography focuses on blockchain information< br />
the fourth category is the asset token blockchain project. Asset token refers to linking blockchain assets to physical assets such as gold and US dollars. It is the blockchain mapping of physical assets. At present, there are no more than 10 varieties. The typical representative is usdt against US dollars, digix Dao against gold, digix. Each token represents 1 gram of Gold Certified by London Bullion Market Association
asset token has the advantages of convenient transaction and storage. First of all, asset token is more convenient for transaction. Because blockchain assets can be split, it has better liquidity. For example, at present, real estate needs to be transferred as a whole. If the real estate can be token, it can be split and purchased, which is more convenient for transaction
secondly, the token of physical assets is more concive to custody. Gold is easy to wear out and cause losses in physical transactions. However, after the token of physical assets, there is no need for physical transfer, which is more concive to the custody of physical assets.
1. Most people don't know what a blockchain is
compared with traditional stocks, real estate, bonds, gold, etc., blockchain assets are a very abstract and virtual form of assets. Blockchain assets represented by bitcoin are a very specialized computer language and program running mode, There is no credit endorsement from any country behind it, nor does any enterprise give it securitization income, which completely depends on the mutual consensus trust between strangers. In this case, although the operation logic of decentralization has been completed, its experiment is only in the initial stage and development stage, and participating in relevant investment is actually a kind of brave adventurer behavior
2. The price of blockchain assets fluctuates violently
because there is not much support from the use level of entities, many blockchain projects are completely dependent on community operation and market speculation, so it is difficult for investors to hold blockchain assets from the perspective of value investment, which leads to frequent capital flow, and the situation of price fluctuations has become a normal. A blockchain related token can soar by 500% in a day, or fall by 90% in a few hours. This kind of drastic price fluctuation is not affordable to ordinary investors
3. The uncertainty of national policies is too great
as an underlying technology, blockchain has basically accepted its value all over the world. However, as the "companion proct" of blockchain, there are still great disputes on national policies, and with the continuous increase of digital currency trading volume, the impact on the global financial market is also increasing. At present, the daily trading volume of the whole digital currency field exceeds US $60 billion, which is comparable to the trading volume of China's Shanghai and Shenzhen stock exchanges, or the average daily trading volume of the New York Stock Exchange. It is impossible to continue to operate outside the supervision. There is a very large regulatory game cycle, and the policies of various countries in this regard may be introced one after another, The impact on the market cannot be ignored
4. All kinds of blockchain projects are good and bad
blockchain technology is originally a very basic architecture technology. At present, e to the global pursuit of funds, many project parties who have nothing to do with blockchain begin to use the concept of blockchain to design procts, And can complete the writing of the white paper of blockchain in a very short time, and then raise market funds. In this case, the technical threshold of the whole blockchain has been lowered. Many companies without the strength and willingness of blockchain development have developed the concept of blockchain purely to obtain financial support, resulting in the flooding of projects. The gap between projects is widening, but ordinary investors are difficult to identify and easy to fall into the trap
5. Currency speculation is not equal to blockchain investment
at present, there are many views that blockchain and digital currency are a whole. You can't develop blockchain technology while suppressing digital currency. I agree with this logic, but currency speculation is not the same as blockchain investment in the real sense. The thing with real investment value must be the thing with scarce supply. If any digital currency is issued, it can represent the application value of the blockchain and bring some innovation to the society. Then any blockchain technology team that can issue digital currency can issue dozens of digital currencies and change its name in a very short time. Therefore, digital currency itself has little logical relationship with blockchain assets. Blockchain projects must be a market with obvious scarcity, but digital currency does not have great scarcity. This is like saying that any Internet company can develop a chat software similar to wechat, but the chat software itself does not have much value. The real value lies in how many people participate in the chat software. Digital money is just a chat software. The current situation is that everyone is frying the software, and few people are concerned about what is on the software. p>
6. Short term overheating, easy to be used by lawless elements
the particularity of the blockchain instry is that many of the ecology has become very financial, in the whole process of operation, capital will be very concentrated, and most of the links are related to capital. From raising funds by ICO to sending tokens to investors, to online trading of exchanges, and trading of tokens by users in exchanges, the whole process is almost full of financialization. If the practitioners are not professional enough, have no self-discipline ability, and lack of supervision, then every link may be used by criminals to manipulate the market, Obtain all kinds of illegal income
In order to catch up with the next round of financial technology and digital revolution, Japan holds a very open attitude towards bitcoin and other transactions. Digital currency transactions denominated in Japanese yen occupy half of the whole legal currency trading area in the world, Japan hopes to use digital currency to revive its financial competitiveness. The United States hopes to use mainstream financial markets, such as futures and options derivatives market, to tame bitcoin and make it another powerful tool for us dollar hegemony. And China is also trying to promote sovereign cryptocurrency, one of the important purposes is to promote the internationalization of RMB. The field of digital currency and blockchain assets is likely to become the next big country's game and contention point, which will virtually increase the systematic risk to investors. It's hard to know what unexpected policies appear behind this big country's game and what impact they will bring to the whole market8. The threat of quantum computer
blockchain generates a set of self-motivated system to ensure that it can run on its own under decentralized conditions. Most of them use asymmetric encryption, and use the corresponding public key to verify the transactions signed by the private key, so as to ensure that bitcoin and other blockchain assets can only be used by legitimate owners. But quantum computer can solve the problem of asymmetric encryption. Quantum computer can calculate the private key from the public key in a few minutes. After knowing all the private keys, people with quantum computer can spend bitcoin and other digital currency at will. Of course, when the quantum computer will come out is also a problem. The digital currency protocol is constantly adding new encryption standards, but the potential threat brought by the quantum computer has to attract the attention of investors
9. There is a possibility of a big reversal in the supply and demand level
the market value of the blockchain token market has hovered around us $trillion. Although OTC funds are still pouring in, the stability and growth rate of the capital inflow are questionable. The supply of encrypted digital currency is a very embarrassing thing. From the perspective of a single digital currency, the total amount is strictly limited. For example, there are only 21 million bitcoins, but the threshold of issuing encrypted digital currency is getting lower and lower. Anyone and any organization can issue encrypted digital currency anytime and anywhere, and the supply is almost unlimited. On the other hand, the increasing transaction cost is restraining the demand side. At present, investors in the transaction link need to pay the transaction fees in the exchange, and also pay the miners' fees when transferring money. If countries begin to tax digital currency transactions in the future, it means that this market will have to bear more operating costs without generating its own profitability, If coupled with the increasing supply level, the overall market supply and demand expectations may reverse in a moment
10. Lack of legal protection for blockchain assets
it is not uncommon that global digital currency exchanges have been "hacked", and in the process of all kinds of over-the-counter and on-the-spot transactions, fraud also occurs from time to time, and the legal protection for investors is very limited. Especially for domestic investors, once they are stolen or cheated because of trading digital currency, it is almost difficult to recover effectively. Due to the lack of intermediary guarantee from banks and other levels, the security of digital currency is entirely under their own responsibility. Although this is in line with the logic of self preservation of private property, it also brings greater uncertainty to the storage and transaction of digital currency assets. Before there is no complete legal system to protect the rights and interests of personal digital currency assets, the legal security of investment in blockchain related assets is a very serious problem