Reshape the blockchain of credit reference

1. As a rookie of Bubi blockchain, I'll tell you
Application of blockchain technology in banking

2.1 self regulatory platform

we rarely see a platform that can conct self-regulation without intervention. In all areas similar to the financial instry, central banks and regulators (such as the securities and Exchange Commission) come to set uniform rules and manage them. Blockchain technology makes the system no longer need the supervision from enterprises or government entities, so as to regulate the operation of the system. Blockchain provides a mechanism called "workload proof", which allows each computer node in the system to participate in the approval of each transaction. The system has built-in check and balance mechanism to ensure that no computer in the system can deceive the system. All of these reviews and supervisions are completely automated by the computer. At present, there are many other consensus models that can replace the "workload proof" mechanism, but still retain the core idea that each client or node can manage the system point-to-point. What's more, blockchain makes every element in the system completely transparent. Therefore, for such a large-scale community all over the world, blockchain technology can easily review and manage it - "supervision from the public", thus effectively recing fraud. Imagine how much it can save costs and improve efficiency

2.2 compliance with the law and easy tracking

actors (users) and their behaviors (sending money or assets to others) are recorded on the blockchain. Any transaction between the two parties can be tracked and inquired, and can be proved in court. This is because all transactions need a set of public key / private key to encrypt and decrypt processing and transactions. Once they are added to the blockchain, they are permanent and unchangeable. Any record, once written to the blockchain, cannot be tampered with. Anyone holding assets or digital currency on the blockchain will have their own public key on the blockchain. When a transaction occurs, it needs to be signed by the previous holder who controls these assets using the private key. Blockchain also allows a variety of mechanisms for transactions. For example, it can be set to require two people to jointly sign a transaction. In a system without endorsement of enterprises or government, the legally binding mechanism can greatly enhance the trust factor for the system

2.3 built in business continuity

a global platform can not bear the risk of downtime when concting major transactions. Blockchain, a complete point-to-point network, has many distributed nodes and computer servers to support, which has high reliability. Every node in the system keeps a of the complete blockchain data. This makes the whole network highly fault-tolerant, if any part of a few nodes have problems, it will not affect the other parts of the network continue to operate. This makes it possible to achieve 24 / 7 all-weather operation characteristics like disaster recovery center or database rendancy center without using complex technology

2.4 evolution model without burden

in the system, there are a series of rules and key points to help decide who has the right to approve the transaction and what needs to be reviewed before the transaction is written into the blockchain. Blockchain technology can fork out new versions according to different environments and business model requirements. The new version also needs to conform to the overall concept of blockchain. All these changes must be approved by all members of the system, and everyone can get the same benefits. In addition, these changes will not affect the transactions that have occurred and confirmed on the blockchain. For a system, it has enough robustness and flexibility. People often compare the similarities between the Internet and blockchain, including their growth potential and business prospects. These two systems have very similar characteristics. The Internet does not need or does not have a centralized management department (except for a few for the management of agreed URL and domain name registration), but also has enough rendancy and strong fault tolerance. The Internet has been developing for so many years, from basic text to rich graphics, video, animation, and all this has not affected other existing systems and content. Blockchain has fully proved its function and practicability in bitcoin system. Just as the famous Chinese philosopher Lao Tzu said, "the tree that embraces is born at the end of a tree."; The platform of nine layers starts from the base soil; A journey of a thousand miles begins with a single step. " I think this should be the creed of all the pioneers of blockchain technology
as a rookie of Bubi blockchain, I tell you so much!

2. Blockchain technology is a good thing among the materials that can be seen at present. It is just the wings that help the information revolution take off. Well, after the author's repeated study, I have to admit that the previous remarks are a little frivolous, and those comments are not enough to describe blockchain's arrogance“ It provides a way for people who don't know each other to create asset records that can be viewed by everyone. In a real sense, "everyone to everyone". The biggest problem of financial lending is credit investigation. Under the premise of a huge blue ocean in the domestic credit investigation market, blockchain technology was brought to the world by a paper of Zhongben congdashen. At the same time, it also provides a huge opportunity for the world financial market, especially Internet finance. The credit mechanism of the central bank, the big data of the bat website and so on are all centralized, at least not covering all users! Blockchain is not the same. It is decentralized and presents a flat network. Everyone's information will be recorded. It's no exaggeration to say that if you fart on the Internet, it will be recorded. It's spread from one to the next, and it's vast. In general, if blockchain technology is really implemented, financing will enter the unprecedented free sky! Are you ready? Back to the core of the question, I think the word "rescue" is not appropriate, because P2P is not so bad at present, especially since the first year of 2016, with increasing trading volume and increasing number of participants... Don't look down on the prospect of the whole instry just because of one or two thunderous platforms. It's just flowers that wither, not the whole spring. In a word: P2P is far from being rescued, and "blockchain" is the wing of Internet Finance!

3. 1. At the international summit on blockchain held from September 23 to 24, 2016, Ma Zhitao, vice president and chief information officer of Weizhong bank, disclosed that Weizhong bank and Huarui Bank jointly developed a blockchain application system, which can be used for the settlement and clearing of micro loan joint loans of the two banks. The system has been put into trial operation in September. After the introction of the blockchain system, because all information is recorded on the blockchain network and cannot be tampered with, the transaction process is accompanied by the liquidation process, which can complete real-time liquidation< On September 23, 2016, IBM and China UnionPay previewed the "inter-bank points exchange system using blockchain technology", which allows consumers to exchange bonus points across banks and platforms. The points of one bank can be exchanged for bonus points of other banks, and even for mileage of several airlines and supermarket rewards, The system can greatly improve the efficiency of bank points. Take the point exchange as an example. Traditionally, consumers take away goods after exchanging points, but merchants need to prove the user's points and settle accounts before they can finally complete the transaction. The blockchain can link all the credit perfectly. The original trust process and cost that rely on the third party can be removed, and the transaction is settlement
3. The central bank's blockchain digital bill trading platform
in early 2017, the people's Bank of China's blockchain based digital bill trading platform was successfully tested, and then the digital currency Research Institute of the central bank will be officially listed. The people's Bank of China has become the first central bank to study digital currency and its real application
the central bank's blockchain digital bill trading platform introces digital currency for settlement, which can realize the synchronous transfer of capital flow and information flow of digital bill transaction, so as to realize DVP bill settlement; At the same time, through the blockchain digital identity solution, the problem of repeated KYC authentication for users between different financial institutions is solved. You can learn more about it at bitMom

4. Blockchain seems to be far away from us. In fact, the rice we usually eat is used in blockchain technology. For example, the blockchain traceability solution provided by wangchain technology for a leading enterprise in the proction and processing of agricultural procts in China can track all links of procts from proction to sales, scan the QR code on the packaging, and consumers can know all the information of procts.

5. The entry threshold of virtual currency is the lowest, which is relatively reliable. Choose regular exchange hot currency or okex. Leverage trading of foreign exchange futures is very risky. The stock market is not perfect and has little investment value at present.

6. China's credit instry is mainly based on enterprise credit, while personal credit needs to be developed, and the overall market prospect is broad. China's enterprise credit development is early, and the market is relatively mature. By the end of 2016, there are about 137 enterprise credit reference institutions in China. Personal credit has not yet been put into market operation and the license has not been issued yet. Eight units, including Tencent credit, sesame credit, Qianhai credit, lakara credit, Zhongcheng credit, zhongchengxin credit, PENGYUAN credit and Hua credit, have participated in the personal credit pilot organized by the central bank. Private personal credit institutions can indirectly participate in the personal credit market through cooperation with banks and other financial institutions, but they can not directly publish personal credit reports. To obtain personal credit reports, they can only go through the central bank credit system. As of the end of June 2016, the central bank's credit reference center has included 21.2 million enterprises and other organizations and more than 900 million natural persons, of which only 5.77 million have credit records with 410 million natural persons. The data of Experian, a global credit giant, has covered 103 million enterprises and 890 million people in the world. Compared with the market demand and credit market scale of the United States, the future development space of China's credit market is huge

the emergence of blockchain technology has become a good medicine to understand the pain points of credit reference instry. Through the characteristics of authenticity, transparency and non tampering, blockchain technology can solve the problems of trust and data sharing between credit agencies, so as to solve the problems of data island and incomplete data. Through the establishment of an alliance chain, first of all, the problem of data right confirmation can be completely solved. In an alliance chain system, credit reference institutions, users, government departments, financial institutions and other relevant units in the chain can be added, and different access rights can be designed to ensure the ownership of data, open up information sharing, and protect data security from theft and leakage

on this basis, the channels for credit agencies to obtain data are greatly widened, which can save the cost of data collection; At the same time, the cooperation between different organizations has become more smooth, recing the cost of cooperation and communication. Credit agencies can put the saved costs into other links to improve the overall quality of procts<

the Xueshuo innovation blockchain Technology Workstation of Lianqiao ecation online is the only approved "blockchain Technology Specialty" pilot workstation of "smart learning workshop 2020 Xueshuo innovation workstation" launched by the school planning, construction and development center of the Ministry of ecation of China. Based on providing diversified growth paths for students, the professional station promotes the reform of the training mode of the combination of professional degree research, proction, learning and research, and constructs the applied and compound talent training system.

7. @ block chain God Tucao: a human account, can not be tampered with, can not be deleted, make complaints about Shuo yuan.

8. The blockchain itself does not evaluate anyone's credit, but only supports the deposit of transaction records, transaction data and information on the Internet. In other words, all the information stored on the blockchain is authentic and can be recognized by all the nodes in the network. On the one hand, it can ensure that the credit image of the credit informant can be relatively transparent, and that he is identified with it; For credit informants, the transparency of the working process can also be convincing. In this way, we can make the results of Internet credit investigation, rece differences and angle deviation, and more accurately apply to some specific transaction process. In addition, the high credibility of the credit results will make the cost of breaking the law higher.

9. Long term practice in the blockchain instry has made Xu Mingxing understand blockchain more thoroughly. In Xu Mingxing's view, one of the important manifestations of modern commercial development is the expansion of trust, and the centralized trust intermediary also brings huge trust costs. The development of blockchain technology has brought a good solution to rece the cost of trust. In this context, it is more and more important to promote the development of blockchain instry and help upgrade the modern enterprise credit system. Therefore, the credit information system should be the social infrastructure.

10. For example, a credit reference institution can use big data to collect information on the Internet to see more specific and detailed things, such as identity information, what kind of business or financial transactions have been carried out in what kind of place, and then use this information for credit reference. There is a hidden danger here, the credit reference personnel can take these confidential information to do some illegal and illegal things in private. After the intervention of encryption and anonymity of blockchain technology, the same data can process and analyze the traces of the parties in the network, without directly presenting these details to the collectors. In other words, the way of grabbing is different, background automation, and human isolation for processing.