Bocom and CCB sign blockchain agreement
Three questions blockchain (economic hot spot)
recently, news about bitcoin is very eye-catching, and blockchain is on fire. In the capital market, the rise and fall of various blockchain concept stocks is like a roller coaster. It can be seen from the sensitive capital market that the blockchain is on the way and is highly concerned by all parties
"blockchain technology is essentially a kind of database technology, specifically a kind of ledger technology. The account book records the asset changes and transactions of one or more accounts. In fact, it is a kind of database with the simplest structure. The daily accounts we usually record in the small account book and the statements sent by the bank are typical account books. " Wang Jun, chief researcher of Tencent Financial technology think tank, said that security is a major feature of blockchain technology, which is mainly reflected in two aspects: one is the distributed storage architecture. The more nodes there are, the higher the security of data storage is; The other is the ingenious design of tamper proof and decentralization, which makes it difficult for anyone to modify data without following the rules
take the online shopping transaction as an example, the traditional mode is that the buyer purchases the goods, and then sends the money to the intermediary platform of the third-party payment institution. After the seller delivers the goods and the buyer confirms the receipt, the buyer informs the payment institution to send the money to the seller's account. The transaction mode supported by blockchain technology is different. Buyers and sellers can trade directly without any intermediary platform. After the transaction between the buyer and the seller, the system publishes the transaction information in the form of broadcast, and all hosts receiving the information record the transaction after confirming that the information is correct, which means that all hosts have done data backup for the transaction. Even if a machine has problems in the future, it will not affect the data recording, because there are countless machines as backup
when it comes to blockchain, many people associate it with bitcoin, and many even equate blockchain with bitcoin. He Fei said that bitcoin is a way of presenting blockchain, but blockchain is not the same as bitcoin. Blockchain is the underlying technology and infrastructure of bitcoin, and bitcoin is a successful application of blockchain, but it does not mean that blockchain can only be applied to bitcoin
What is the use ofblockchain
can solve the pain points and difficulties in many fields such as finance, public welfare, supervision, anti-counterfeiting, but there are many applicable conditions
financial service is the first application field of blockchain technology. The application of blockchain technology can solve the pain points in payment, asset management, securities and other fields
taking the payment field as an example, the cost of reconciliation, clearing and settlement among financial institutions, especially cross-border financial institutions, is high, involving many manual processes, which not only leads to high costs for users and financial institutions' back-end business, but also makes it difficult to develop micro payment business. The application of blockchain technology helps to rece the cost of reconciliation and dispute resolution between financial institutions, and significantly improve the processing efficiency of payment business. In addition, the cost and efficiency advantages brought by blockchain technology in the field of payment enable financial institutions to better handle the small cross-border payment which was considered unrealistic e to high cost in the past, and contribute to the realization of Inclusive Finance
for example, in order to solve the problem of high reconciliation cost among financial institutions, in August 2016, Weizhong bank and Shanghai Huarui Bank launched the inter agency reconciliation platform of micro loan, which is also the first application scenario of banking alliance chain running in the proction environment in China. Zhang Kaixiang, chief architect of Weizhong bank's blockchain, believes that the high cost problem that the traditional "batch file reconciliation" model has failed to solve for a long time is exactly where blockchain technology can be used. Subsequently, Bank of Luoyang and Bank of Changsha have also been connected to the inter agency reconciliation platform. Through the blockchain technology, the inter agency reconciliation process in the micro loan business has been optimized, achieving the goals of quasi real-time reconciliation, improving operation efficiency and recing operation cost. Up to now, the platform has been running stably for more than one year, with zero failure, and the number of real transactions recorded has reached tens of millions
in the field of public welfare, blockchain technology is also promising. The first application scenario of ant financial services involving blockchain is public welfare, which helps a group of hearing-impaired children get a donation, and then uses blockchain technology to promote public welfare to be more open and transparent. Hu Danqing, senior proct expert of ant financial services technology laboratory, said: "the blockchain public welfare platform is like a post office dedicated to mailing funds on the Internet. Every sum of money donated by users will be packaged into a package, which will be delivered through the blockchain platform. Every node we pass through will be stamped with a postmark and finally delivered to the recipient. This can ensure that every sum of money donated by users is transparent, traceable and difficult to tamper with. "
blockchain technology can be used to crack down on counterfeit goods. Hu Danqing introced that ant financial services has applied blockchain technology to the traceability of authentic procts. At present, some seafood procts from Australia and New Zealand, such as milk powder, are swept away with Alipay, so they can know if they are genuine procts. Different from previous businesses' self input of commodity information, blockchain allows multiple "bookkeepers" to complete bookkeeping fairly, independently and non repudiately. "
for financial supervision, blockchain technology can also play a role. According to the white paper of FISCO bcos, the underlying platform of financial blockchain, issued by the financial blockchain cooperation alliance (Shenzhen) in 2017, blockchain provides consistent and easy to audit data for financial regulators. Through the data analysis of inter agency blockchain, it can supervise financial business faster and more accurately than the traditional audit process. For example, in the anti money laundering scenario, the balance and transaction records of each account are traceable, and any link of any transaction will not be separated from the regulatory line of sight, which will greatly improve the anti money laundering efforts
some people in the instry believe that blockchain 1.0 is mainly aimed at digital currency; Blockchain 2.0 aims at smart contracts and can be applied in financial markets; Blockchain 3.0 will apply to more scenarios, and even create a "blockchain era"
He Fei believes that blockchain can indeed solve the pain points and difficulties in many fields, but blockchain is not omnipotent and has many applicable conditions
for example, the decentralization of blockchain technology is suitable for multi-party participation scenarios, and if it is only unilateral or bilateral participation, the value is not great. Due to the need for each node to check, blockchain technology is not suitable for those high-frequency trading activities
for another example, blockchain emphasizes openness and transparency, which is not suitable for scenarios with high data privacy requirements
will blockchain become a new outlet
technology is not yet mature enough. We must be alert to the concept of speculation. In particular, we should distinguish between technological innovation or fund-raising innovation. We can not block the chain chain concept of
block chain so that we will not become a "Internet plus". p>
in recent years, the development ecology of blockchain has been graally improved and enriched. Instry insiders believe that with national policy support, extensive attention and financial support, blockchain technology can achieve graal and stable progress. Although the prospect of blockchain technology is broad, we should also keep an ordinary mind
"despite the current blockchain craze, we still believe that it is still in a very early stage." Hu Danqing said that at present, there is a virtual heat in the concept of blockchain. Instead of using technology to solve practical problems, it is hot to raise money and speculate on valuation. In particular, most of the so-called ICO (initial token issuance) that are hot are innovation of fund-raising tools, which has nothing to do with technological innovation
blockchain technology can indeed create great value, but some risks can not be ignored
"blockchain technology is not very mature, and its application scenarios are relatively limited, so we should be more alert to the concept of capital market speculation." He Fei said that behind the blockchain boom, there will inevitably be some companies that want to speculate. They do not really carry out business, but just try to make a profit in the capital market. They should be careful to prevent the emergence of "bad money drives out good money", which will lead to the withdrawal of institutions that really want to carry out business from the market and affect the application of blockchain technology
Hu Danqing suggested that for the current blockchain craze, regulatory authorities should be more active in intervening, distinguish between technological innovation and fund-raising innovation, encourage government organizations, credible experts and instry participants to help the public identify, comprehensively curb fund-raising innovation in the name of blockchain, and let the actual controller of ICO bear responsibility for fund-raising behavior“ The basis for judging whether it is technological innovation or fund-raising innovation is actually very clear, that is, whether it starts with trust and whether it creates practical value by solving the trust problem. "
in order to better promote and use blockchain technology in the future, we need to continue to improve the infrastructure and strengthen the formulation of relevant laws and policies
Wang Jun believes that there is still room for optimization and improvement of core technologies of blockchain such as consensus algorithm; On the other hand, the processing efficiency of blockchain is difficult to meet the requirements of some high-frequency application environments in reality. At present, the mainstream blockchain technology platforms are originated in foreign countries. Domestic blockchain technology service providers should patiently start from the bottom development, achieve independent and controllable technology, and strive to lead the development of global blockchain technology. Enterprises with blockchain application scenarios should actively embrace new things and scientifically evaluate the demand for blockchain, instead of blockchain for the sake of blockchainHe Fei believes that the government can issue relevant policies to guide the enterprises who are interested in the R & D and application of blockchain technology, and at the same time, clarify some suitable application scenarios of blockchain and areas encouraged by the state
the white paper 2016 on the development of China's blockchain technology and application suggests that government departments at all levels should learn from the advanced practices of developed countries and regions and, in combination with the development of China's blockchain technology and application, timely issue support policies for blockchain technology and instrial development, focusing on supporting key technology tackling, major demonstration projects, the construction of "innovation and entrepreneurship" platform, and the development of China's blockchain technology and application System solution development and public service platform construction. At the same time, it is suggested that domestic key enterprises, scientific research institutions, universities and user units should strengthen cooperation to speed up the research of core key technologies such as consensus mechanism, programmable contract, distributed storage and digital signature
can bring money to the enterprise will become the outlet
In early 2014, the Central Bank of China set up a special research group on legal digital currency to demonstrate the feasibility of issuing legal digital currency by the central bank. On January 29, 2017, the central bank officially established the digital currency Research Institute. After the successful development of the prototype of legal digital currency, the digital currency Research Institute of the people's Bank of China has tried to deploy institutions in many parts of the country, and through the integration with R & D institutions and instries, it has achieved the research results of financial development technology. In 2018, the digital currency Research Institute of the people's Bank of China successively settled in Nanjing and Shenzhen. In 2019, the people's Bank of China announced that digital currency will be piloted in Shenzhen, Suzhou, Cheng and xiong'an
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the research on Shenzhen's support for digital currency began in 2016
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on October 6, 2017, the Management Committee of xiong'an new area held a special meeting to study the big data management system and mechanism and the basic idea of "digital xiong'an" construction, and fully promote the construction of "digital xiong'an". Soon after the meeting, all kinds of enterprises were inspired to build xiong'an new area into a "test ground" for innovation
on October 14, 2017, Peng Yijie, vice president of ant financial services and partner of Alibaba group, and his party went to xiong'an new area to report the blockchain construction plan. Peng Yijie's evaluation of xiong'an new area is: the best soil for building blockchain. On November 8 of the same year, xiong'an New District held a docking meeting with Alibaba group. Alibaba and ant financial services will undertake the construction of digital xiong'an blockchain infrastructure platform, and are expected to take the lead in testing the water in the rental scene
on November 23, 2017, Tencent and xiong'an new area signed a strategic cooperation agreement on financial technology, and both sides established Tencent (xiong'an) financial technology laboratory to test big data risk control system, Tencent cloud based blockchain services and other financial black technologies in the new area
on April 21, 2018, xiong'an New District of Hebei Province issued the outline of the planning for xiong'an New District of Hebei Province, which proposed to develop high-end high-tech instries, and lay out the R & D and test of blockchain, terahertz, cognitive computing and other technologies in advance. Blockchain has been written into the outline of xiong'an New District Planning in Hebei Province. A technology with advanced influence and far-reaching significance begins to grow together with a rising Digital City shouldering historical mission
on June 8, 2018, China Academy of information and communication signed a strategic cooperation agreement with xiong'an new area. The two sides will build a scientific research base in the field of information and communication in xiong'an new area, and provide comprehensive support services such as development strategic planning, standards and policy formulation for the construction of the new area, focusing on 5g, instrial Internet, artificial intelligence, blockchain, network security, military civilian integration, information technology and so on In the field of Internet of vehicles and other fields, Beijing Tianjin Hebei high tech innovation comprehensive service platform and innovation and entrepreneurship demonstration base will be built to promote instrial innovation and development
on June 28, 2018, xiong'an New Area officially signed a strategic cooperation with 360 group. 360 group will give full play to its advantages in network security, big data, artificial intelligence, blockchain and other technical fields to provide comprehensive network security services for the construction of a safe and reliable "digital xiong'an"
on July 23, 2018, xiong'an group of China signed a memoranm of understanding with consensys, a blockchain technology company. Joseph Rubin, the founder of consensys, etc., made suggestions to xiong'an group of China on how to use blockchain technology, hoping to apply his knowledge and experience in blockchain ecosystem to xiong'an's projects and support xiong'an's innovative development mode
on December 21, 2018, Hebei xiong'an branch of Bank of communications was opened. The branch will rely on the head office's professional R & D team and strong R & D strength, rely on financial business processing, artificial intelligence, blockchain, big data, cloud computing and other financial technology platforms, constantly innovate the financial business model, and make greater contributions to the construction of green xiongan, smart xiongan and digital xiongan
on May 8, 2019, ICBC Technology Co., Ltd., a wholly-owned subsidiary of ICBC, opened its business in xiong'an new area and became the headquarters of banking financial technology company in xiong'an new area. ICBC technology and Management Committee of xiong'an new area signed the memoranm of financial technology cooperation, and Management Committee of xiong'an New Area officially started the operation of xiong'an resettlement fund management blockchain platform, which will apply the block chain technology of ICBC to realize the whole process chain management of original files of resettlement and fund penetrating allocation
on December 25, 2019, Everbright Bank and digital city company of China xiong'an group will jointly build a "digital financial technology laboratory" in xiong'an new area. Guided by the strategic needs and information construction of xiong'an new area, it will graally build a highland of blockchain commercial application research, technological innovation and talent cultivation
on March 31, 2020, xiong'an blockchain laboratory was officially unveiled. Xiong'an blockchain laboratory has three major goals: to become a new highland of blockchain research and application, an open frontier innovation base, and to explore a new model of laboratory economy. At the third anniversary of the establishment of xiong'an new area, xiong'an blockchain laboratory has special significance, which marks that the innovative practice of xiong'an New Area's blockchain has entered the stage of organization and large-scale landing, and marks a new chapter in the synchronous planning and construction of digital city and physical city in xiong'an new area
xiong'an new district is a digital city forest that has been cultivated from the seed, which is naturally suitable for the central bank's digital currency pilot. Shanghai xiongan, Shenzhen, Cheng on the left and Suzhou on the right are looking forward to the central bank's digital currency pilot projects in these four places, which will spread to the world
On August 16, 2018, Shen rujun, executive director and vice president of Bank of communications, gave a briefing at the regular press conference of the banking instry“ As of July 26 this year, BOCOM has opened 20 domestic certificates of blockchain, with a total amount of 156 million yuan. "
It is understood that for a long time, domestic L / C transactions have to go through a number of banks and express service providers, such as the issuing bank, the advising bank, the paying bank and the negotiating bank. Each institution completes the records in its own accounting system. The information between institutions is isolated and opaque. There are many problems in document processing, such as difficulty in authenticity verification, low efficiency, easy delay, easy loss and so onin April 2018, BOCOM blockchain domestic L / C project was put into operation. As of July 26 this year, BOCOM has opened 20 domestic certificates of blockchain, with a total amount of 156 million yuan
SHEN rujun said that bocom continued to pay attention to blockchain technology, and analyzed and judged that the domestic L / C, bill and supply chain financial business will bear the brunt, becoming a breakthrough in the application of blockchain technology in the field of banking finance
in addition to L / C, the instry's first blockchain asset securitization platform "jucaichain" was officially launched in bocom on June 27. The basic asset information of the first housing mortgage loan securitization financing proct is linked by bocom, which realizes the credit penetration of the securitization financing business system
What is BUC
BUC is fully known as bit union coin, which is the platform token of bitun and can be used in various services of bitun platform. BUC is also one of the data contained in bitun ecosystem. BUC is recycled in bitun ecosystem and can be traded on major trading platforms. At present, BUC has launched the coinsuper exchange in the world. At the same time, it supports BUC's charging currency and BUC's trading pair with BTC. It will soon launch some world-famous exchanges such as fire currency. The application scope and application scenarios of BUC include but are not limited to the following:
1, issuance cost of subsequent blockchain projects
2, basic token for subscription of subsequent blockchain projects
3, deposit cost of exchanges and blockchain projects
4, handling charge of digital asset OTC transaction
5, payment cost of other value-added services or member services
the total number of Bucs is 2 billion, Among them, 15% is for team motivation, 25% is for bitun's operation promotion expenses, 20% is for non-public issuance, and 40% is for public issuance (token issuance has ended)
in order to ensure the fund security of bitun platform and the rights and interests of all project participants, the project team will freeze 20% of the business income based on BUC settlement on bitun platform as the risk reserve for fund custody and OTC transactions, instead of recycling into the circulation system for reuse
BUC has launched coinsuper exchange in the world, and supports BUC's withdrawal currency and BUC's trading pair with BTC Coinsuper exchange address: https://www.coinsuper.com/
what is bitun
at present, most market investors are facing a series of pain points, such as difficulties in digital asset management, lack of credibility in blockchain project issuance, security and privacy risks in asset transactions, lack of instant messaging (IM) tools, etc. Bitun is committed to solving all the above problems
bitun is a private bank of blockchain assets. Based on Higgs blockchain network, bitun creatively uses lightning network 2.0 technology to build a digital currency clearing and settlement network, so as to solve the asset management and circulation problems on multiple heterogeneous blockchain networks; At the same time, bitun has reshaped the blockchain project investment through smart contract and blockchain technology, and implemented a complete chain connection of token investment, distribution, unfreezing and other plans, ensuring the openness, transparency and decentralization of the whole process; In addition, bitun will soon realize many important expansion functions, such as decentralized OTC trading and seamless connection with global exchanges, through the deployment of lightning network 2.0 and the creation of ecology
bitun's core technology team is from Alibaba, Huawei, Motorola and other large technology companies, and each of them has experience in research and development of blockchain underlying technology and project responsibility. At the same time, bitun also invited Professor Guo Yike, director of Institute of data science, Imperial College of technology, and Dean of School of computer engineering and science, Shanghai University, to give technical guidance
in order to achieve the bank level safe and convenient user experience, bitun has hired a luxury consulting team, all of which have more than 20 years of experience in large enterprise management, financial services, risk control and financial management in dozens of countries such as North America, Europe and Asia, including Zhuang Ruihao, executive director of China new holding Technology Group Co., Ltd Gong Qingli, CEO of Ping An Securities Group (Holdings) Co., Ltd., ye Diqi, former executive vice president of Bank of communications, Wu Yunwen, CEO of Singapore digital currency exchange, Wu Weiliang, managing director of CITIC futures international, etc
bitun's vision is to solve the trust problem in digital financial activities and provide revolutionary decentralized digital financial services for people all over the world. Let more people of different nationalities and backgrounds simply and safely participate in the digital asset market
Differences between Bank of communications and China Construction Bank:
1. Different businesses
the businesses of China Construction Bank include credit capital loan, resident savings deposit, foreign exchange business, credit card business, policy oriented housing reform finance and personal housing mortgage loan, etc. The business scope of Bank of communications covers commercial banks, securities, trust, financial leasing, fund management, insurance, offshore financial services, etc.
2. Different in nature
CCB is a large state-owned bank under the central management and a national vice ministerial unit. After the reorganization, BOCOM became the first national state-owned joint-stock commercial bank in China
Different time of establishment: CCB was established on October 1, 1954, with its head office in Beijing; Founded in 1908, Bank of communications is one of the oldest banks in China and one of the note issuing banks in modern China. On April 1, 1987, the newly established bank of communications officially opened business and became the first national state-owned joint-stock commercial bank in China, with its head office in Shanghaimake the object deform
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