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Opportunities of blockchain for financial industry

Publish: 2021-05-21 00:21:16
1.

Five aspects of blockchain instry growth potential promote the healthy development of Technology Virtual reality and other technologies are another emerging technology that will have a significant impact on the future, which is expected to promote human beings from the era of information internet to the era of value Internet

some countries and regions in the United States, Japan and the European Union have promoted the development of blockchain as an important national development strategy, and vigorously promoted the development and application of blockchain technology. China also attaches great importance to the technological innovation and instrial development of blockchain. With the joint participation of it and other enterprises, a large number of new enterprises, new procts, new models and new applications have emerged. The application of blockchain in the fields of finance, government affairs, energy, medical and other instries has graally expanded, and is becoming an important force to drive the technological proct innovation and instrial transformation of various instries

the development of blockchain can be divided into three stages, namely, blockchain 1.0, represented by bitcoin and related financial infrastructure applications, and blockchain 2.0, represented by smart contract. At present, it is graally moving towards blockchain 3.0, which is based on blockchain technology and more complex in-depth application of smart contract

statistical analysis of blockchain investment and financing in the first half of the year. According to the statistical data of in depth analysis report on business model innovation and investment opportunities of blockchain instry published by foresight Instry Research Institute, in the first half of 2018, the amount of financing in the blockchain field was about 10.7 billion, with a year-on-year growth rate of 1426% compared with the same period in 2017; The number of investment and financing events in the field of blockchain has reached 205, and it is expected that the investment in the field of blockchain will usher in another peak this year

according to the distribution of investment and financing rounds in China's blockchain field, the proportion of investment rounds in the start-up period (before round b) is more than 95%, with the joint investment of many instry pioneers, and most enterprises are still running around

statistics and growth of blockchain investment and financing in the first half of 2014-2018

data source: China attaches great importance to the development and application of blockchain technology. Driven by multiple forces such as policy, technology and market, the pace of blockchain innovation has been accelerating. It has been deeply integrated with cloud computing, big data, Internet of things and other technologies. The scope of exploration and application has also expanded from digital assets to supply chain management, intelligent manufacturing, instrial Internet, social welfare, right protection and other fields

five aspects to promote the healthy development of blockchain technology, promote the high-quality development of digital economy

1, in-depth study and grasp the development trend of blockchain technology and instry. Pay close attention to the international development frontier, jointly promote the research of blockchain related technology and instry, promote the standardization of blockchain development instry behavior, and create a good development environment

2. Strengthen the construction of core technology capacity of blockchain

establish and improve the collaborative promotion mechanism among backbone enterprises, universities and research institutions, guide it enterprises to strengthen technical reserves, accelerate the breakthrough of key core technologies, and improve the performance, efficiency and security of blockchain

3. Support entrepreneurship and innovation in the field of blockchain

encourage cross-border integration between blockchain enterprises and user units, guide instry organizations to establish public service platforms, support third-party organizations to carry out evaluation and detection of blockchain services, promote rich instrial applications of blockchain, and serve the transformation and upgrading of the real economy

4. Actively build and improve the blockchain standard system

accelerate the development and application of key standards, and graally build a perfect standard system. Actively connect with ITU, ISO and other international standards organizations, substantially participate in more international standardization work, and actively contribute more "Chinese power"

5. Accelerate the improvement of the policy environment for blockchain development

support qualified enterprises to carry out application innovation and mode innovation, and guide and encourage enterprises, universities and scientific research institutes to jointly cultivate professional talents needed for blockchain development. Support eligible blockchain enterprises to enjoy the preferential tax policies of the state to support the development of software instry and small and medium-sized enterprises

the instrial scale is small, but the growth potential is huge

the blockchain economy is on the eve of the outbreak period. The financial instry is relatively widely used, and the application of other instries has also entered the stage of exploration and development. It is estimated that from 2017 to 2022, the direct market value of blockchain will increase from US $410 million to US $7.68 billion, with a compound annual growth rate of 79.6%. It is estimated that all kinds of extended business based on blockchain will reach US $100 billion in 2020

instry application areas continue to expand

the financial instry takes the lead in the application of blockchain technology, and many financial applications have been implemented; Medical instry is an important area of blockchain application, which can better protect privacy, improve service quality and management efficiency; The demand of social authentication for blockchain is rising rapidly to solve the proof problem caused by information asymmetry; The application of blockchain technology in communication, supply chain and other fields is expanding rapidly

2. Theoretically, blockchain technology will be the future of financial services, but in fact, it is still a long way to go. However, domestic European crowdfunding and international NASDAQ are already trying blockchain projects
the invention and development of blockchain and its related technologies benefit from the rapid development of computer instry: 1. The processing speed of computer chips has been greatly improved; 2; 2. The cost of storage devices is greatly reced. Blockchain technology derived from a variety of technologies, such as: smart contract; Digital rights management; Internet of things (IOT) innovates business model; Private data protection; Distributed storage of digital content; Voting; Credit system strengthening and so on<
financial services instry can benefit from blockchain technology
subversive potential
Professor Peters and panayi of University of London believe that "blockchain technology has the potential to subvert the world banking instry, which can improve and promote services such as global currency exchange, smart contracts, automated banking books and digital assets." In addition, there are "blockchain technology can be applied to many fields, such as transaction processing program, government cash management, commercial bank account book management, financial asset clearing and other fields."
3.

Blockchain technology has the advantages of being difficult to tamper with and easy to trace. It can play a role in identity information management, trust mechanism construction, and credit information chain of small and micro enterprises

here is an example of a bank in Nanping:

e to the outbreak of online business, the original offline signing method has been unable to meet the needs of the rapid change of the banking business, and the bank's digital construction is imminent, but the bank's risk control department has strict compliance requirements:

< UL >

  • online business data sensitive privacy, Is the transmission secure

  • does the electronic signature have legal effect

  • can electronic evidence be accepted by the court

    • < / UL >

    these concerns have become obstacles for banks to introce e-contracts and carry out business digital transformation

    after adopting the unique ENA initiative forensics patent technology of the "real hammer" trusted electronic evidence platform, a bank in Nanping, through the clean server of the notary office, online carries out real-time preservation, storage and certification of the electronic data of the target system, records the whole process of the electronic data from generation, transmission to storage, and finally the notary office issues the forensics preservation report with official seal, The effectiveness of the documents is notarial documents, which can be directly accepted by the court. Because the report is issued by the notary office, it has more credibility than the self certification of the third-party E-contract platform, which solves the concerns of the risk control department of the bank at one stroke. The whole process is online and automated, and the front-end customer operation has no perception

    at the same time, combined with the back-end case system of "real hammer" and the outsourcing execution service, the bank realized the rapid dispute resolution of Internet business. It not only ensures the compliance and effectiveness of the electronic contract signing process, but also solves the problem that the bank cases are scattered all over the country and the cost of legal business trip is high; The litigation cycle is long and there is no efficient disposal channel

    4. Private chain can effectively solve the efficiency, security and fraud problems of traditional financial institutions, but this change is cumulative. Private chains do not subvert the financial system. However, the public chain has the potential to replace most of the functions of traditional financial institutions through software and fundamentally change the operation mode of the financial system. For example, Huobi launched the public chain project Huobi
    chain, trying to build the next generation of self financing system.
    5. Because the digital currency, which is the first generation of blockchain technology, has a huge impact on the financial field, the research and application of blockchain technology has become an important task in today's financial field. In essence, blockchain technology still belongs to a kind of technical means and tools. Its application in the financial field and the real economy is parallel. It has its own relative independence, but it also has a certain degree of intersection. That is to say, its role in promoting the real economy is indirect. 1. No matter in finance or entity, one of the bases of transaction between supply and demand is trust. The current bank to enterprise, enterprise to enterprise and enterprise to person are all linked by money. With the further popularization and wide application of blockchain technology, enterprises and enterprises, or indivials can issue digital currency (Digital credit) by themselves in the future, and the status of banks will change from monopoly operation to equal competition operation in the market. Therefore, the wide application of blockchain technology in the financial field has an indirect impact on the real economy. 2. Blockchain technology is the bridge between reality (entity) and virtual world. Through blockchain technology, the real world can be reconstructed, reconstructed and redefined in the virtual world. For example, the digital currency of real paper money in the virtual world, the digital stock transaction of real stock transaction in the virtual world, the digital settlement, digital customs clearance, digital documents and bills of real import and export trade in the virtual world can greatly improve the efficiency of business process and save the transaction cost. At present, all transactions are inseparable from the bank. The bank plays a central role in the transaction. The application of blockchain technology by the bank will certainly improve the efficiency of its settlement and indirectly promote the efficiency of the real economy, but this impact will graally weaken in the future. Because the biggest feature of blockchain technology is decentralization, its distributed accounting system is a network system without center. 3. In fact, the application of blockchain technology is to value and credit the information flowing on the Internet. Through the blockchain, the information with (use value, exchange value, cultural value) in the Internet is reorganized and newly constructed to form a value Internet. It is of great significance. It will bring revolutionary promotion to both the financial instry and the real economy.
    6. Blockchain is a revolutionary underlying technology. Its original function is bookkeeping. As a distributed general ledger, it can solve the credit problem, notarization problem, audit problem, right confirmation problem, etc. of the ledger, as well as the digital demand of physical assets. Blockchain application scenarios are characterized by "new database, multi business entities and mutual distrust". The financial instry has the characteristics of low trust among participants and high requirements for transaction record security and completeness, which is very consistent with the application characteristics of blockchain technology. Therefore, the financial services instry is one of the instries with the most blockchain technology landing projects and the most abundant scenarios, such as supply chain finance, asset securitization, credit reference and risk control. In the financial field, blockchain technology can not only reform the financial infrastructure, but also play a synergistic role in the scenes of supervision, transaction, credit reference, virtual currency and so on. For example, in the traditional financial environment, supervision is managed by reporting data from various business organizations, which will cause many disadvantages, such as "black box" operation, decision-making delay and so on. However, under blockchain finance, with the advantages of information transparency and penetration and regional centralization, the regulatory authorities can grasp all business information at the first time. At present, Internet financial companies such as fox financial services are vigorously developing blockchain technology. Through the characteristics of decentralized blockchain technology and distributed storage, they can enhance user information management and enhance regulatory efficiency.
    7.

    1. Right click the windows Icon in the lower left corner of the desktop to find the command indicator under Windows system

    8. The first is definitely because of policy support. Most of the blockchain instrial parks are dominated by the government. The second is the participation of local enterprises, including capital and technology. The third is to have blockchain application projects that can be supported. Changsha high tech Zone also has a blockchain Instrial Park. Now it has launched a SMIC blockchain service platform project, It is also a blockchain application landing project.
    9. All instries can be combined with blockchain, and all instries must engage in blockchain plus. At present, they have launched the online live course, which covers the frontier knowledge of blockchain such as frontier technology, landing application mode, the latest instry trend, and so on. It is very worth watching.
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