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How blockchain subverts the future
Publish: 2021-05-27 10:36:39
1. 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.
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.
2. First, the characteristics of decentralization
as the name suggests, a blockchain does not need a centralized server, and all information is stored on each node in the chain in a distributed form. Even if a node is damaged or tampered, the operation of the whole blockchain will not be affected, and the data will not be disordered
Second, consensus mechanism
consensus mechanism plays an important role in the trustworthiness of data on blockchain. Due to the decentralized architecture, any two nodes in the chain do not need to trust each other's identity to establish a connection, and there is no need to trust each other for data exchange. Since all nodes in the network can act as "supervisors", there is no need to worry about fraud. When a transaction is completed, all nodes on the blockchain will synchronize this information, so the consensus mechanism is based on the distributed architecture to ensure the data can not be tampered with
Third, smart contract
before we talk about blockchain + smart contract, let's first clarify the meaning of smart contract: a set of commitments defined in digital form, on which contract participants can implement these commitments. Generally speaking, it is a smart contract. In a computer system, when certain conditions are met, the contract can be executed automatically.
as the name suggests, a blockchain does not need a centralized server, and all information is stored on each node in the chain in a distributed form. Even if a node is damaged or tampered, the operation of the whole blockchain will not be affected, and the data will not be disordered
Second, consensus mechanism
consensus mechanism plays an important role in the trustworthiness of data on blockchain. Due to the decentralized architecture, any two nodes in the chain do not need to trust each other's identity to establish a connection, and there is no need to trust each other for data exchange. Since all nodes in the network can act as "supervisors", there is no need to worry about fraud. When a transaction is completed, all nodes on the blockchain will synchronize this information, so the consensus mechanism is based on the distributed architecture to ensure the data can not be tampered with
Third, smart contract
before we talk about blockchain + smart contract, let's first clarify the meaning of smart contract: a set of commitments defined in digital form, on which contract participants can implement these commitments. Generally speaking, it is a smart contract. In a computer system, when certain conditions are met, the contract can be executed automatically.
3. A special database technology, which is based on elliptic curve digital signature algorithm in cryptography to achieve decentralized P2P system design. But the role of blockchain is not limited to bitcoin. Now, when people use the word "blockchain", sometimes it refers to data structure, sometimes it refers to database, sometimes it refers to database technology, but no matter what the meaning is, it has no inevitable connection with bitcoin
from the perspective of data: blockchain is a kind of distributed database. The "distributed" here is not only reflected in the distributed storage of data, but also reflected in the distributed records of data (that is, it is collectively maintained by system participants). In short, blockchain can realize distributed recording of global data information (which can be collectively recorded by system participants rather than centralized recording by a centralized organization) and distributed storage (which can be stored in all nodes participating in recording data rather than centralized storage in centralized organization nodes)
from the perspective of effect: blockchain can generate a set of time sequence, tamper proof and trustworthy database, which is decentralized storage and data security can be effectively guaranteed<
the working principle of blockchain technology
today's blockchain technology can be summarized as a technology to collectively maintain a reliable database through centralization and de trust in the past. In fact, blockchain technology is not a single and brand-new technology, but the result of the integration of a variety of existing technologies (such as encryption algorithm, P2P file transfer, etc.), which are cleverly combined with the database to form a new way of data recording, transmission, storage and presentation. In short, blockchain technology is a technology that everyone participates in recording and storing information. In the past, people entrusted the work of data recording and storage to the centralized organization, while the blockchain technology allows everyone in the system to participate in the data recording and storage. Under the distributed peer-to-peer network without central control point, blockchain technology uses the method of distributed collective operation to build a P2P self-organizing network. Through the complex verification mechanism, the blockchain database can maintain the integrity, continuity and consistency. Even if some participants commit fraud, the integrity of the blockchain cannot be changed, let alone tamper with the data in the blockchain
the source of blockchain technology principle can be summarized as a mathematical problem: Byzantine general problem. Byzantine general problem extends to Internet life, and its connotation can be summarized as: under the background of Internet, when we need to exchange value with unfamiliar opponents, how can we prevent people from being deceived and confused by malicious saboteurs, so as to make wrong decisions. The Byzantine general problem is further extended to the technical field. Its connotation can be summarized as: in the absence of trusted central nodes and trusted channels, how to reach a consensus among the nodes in the network. Blockchain technology solves the well-known Byzantine Generals Problem - it provides a way to create consensus networks without having to trust a single node<
Application of blockchain technology
blockchain technology overlaps three fields:
1, currency: issuance mechanism, distribution mechanism, adjustment mechanism
2, contract: equity, mutual insurance, right registration and transfer, smart contract, etc.
3, Governance: identity authentication, health management, notarization, judicial arbitration, decentralized autonomous organization, Voting, etc.
blockchain is like a "trust creating machine". What Bubi blockchain needs to do is a new technology and proct to realize real value circulation and make the Internet reach a new height
when it comes to blockchain technology, we have to mention bitcoin. Many people know that electronic currency bitcoin is not issued by a specific monetary institution, but generated by a large number of calculations of a specific algorithm. In fact, the core of real support for bitcoin is blockchain technology
How can invisible and intangible bitcoin operate through blockchain technology? The popular interpretation in the instry is that blockchain can be seen as a technical solution to collectively maintain reliable databases through "decentralization" and "distrust". Generally speaking, this technology can be understood as the technology of all participants in bookkeeping. In the past, people used a centralized server for bookkeeping. In the blockchain technology system, everyone can participate in bookkeeping and jointly identify the authenticity of records
"through this technology, even if there is no neutral third-party organization, the two sides who do not trust each other can cooperate. In short, blockchain is like a "trust creating machine."“ Blockchain technology is widely used in the era of big data. " At present, in addition to the field of Internet finance, blockchain technology has been applied in many fields and has shown great prospects
in addition, blockchain technology is also of great significance in law. Especially in the field of assets, whether it is physical assets such as real estate and automobile, or intangible assets such as health and reputation, we can use this technology to complete registration, transaction and tracking. It can be said that blockchain technology will be useful in any field of proction and life that lacks trust. "
blockchain technology concept stocks
it is recommended to pay attention to it manufacturers with blockchain technology and applications. We think that blockchain is more like a mechanism or technical solution. In the future, manufacturers who can combine this mechanism into different scenarios for promotion and application are expected to achieve subversive success. Blockchain technology can ensure that the data structure will not be tampered and forged, and has broad application prospects in the field of financial payment. Bubi blockchain has set up a special team around digital currency, focusing on the development trend of digital currency for a long time, and has set up a special team to carry out relevant work around the instry development demand of digital currency, including the research on blockchain technology.
from the perspective of data: blockchain is a kind of distributed database. The "distributed" here is not only reflected in the distributed storage of data, but also reflected in the distributed records of data (that is, it is collectively maintained by system participants). In short, blockchain can realize distributed recording of global data information (which can be collectively recorded by system participants rather than centralized recording by a centralized organization) and distributed storage (which can be stored in all nodes participating in recording data rather than centralized storage in centralized organization nodes)
from the perspective of effect: blockchain can generate a set of time sequence, tamper proof and trustworthy database, which is decentralized storage and data security can be effectively guaranteed<
the working principle of blockchain technology
today's blockchain technology can be summarized as a technology to collectively maintain a reliable database through centralization and de trust in the past. In fact, blockchain technology is not a single and brand-new technology, but the result of the integration of a variety of existing technologies (such as encryption algorithm, P2P file transfer, etc.), which are cleverly combined with the database to form a new way of data recording, transmission, storage and presentation. In short, blockchain technology is a technology that everyone participates in recording and storing information. In the past, people entrusted the work of data recording and storage to the centralized organization, while the blockchain technology allows everyone in the system to participate in the data recording and storage. Under the distributed peer-to-peer network without central control point, blockchain technology uses the method of distributed collective operation to build a P2P self-organizing network. Through the complex verification mechanism, the blockchain database can maintain the integrity, continuity and consistency. Even if some participants commit fraud, the integrity of the blockchain cannot be changed, let alone tamper with the data in the blockchain
the source of blockchain technology principle can be summarized as a mathematical problem: Byzantine general problem. Byzantine general problem extends to Internet life, and its connotation can be summarized as: under the background of Internet, when we need to exchange value with unfamiliar opponents, how can we prevent people from being deceived and confused by malicious saboteurs, so as to make wrong decisions. The Byzantine general problem is further extended to the technical field. Its connotation can be summarized as: in the absence of trusted central nodes and trusted channels, how to reach a consensus among the nodes in the network. Blockchain technology solves the well-known Byzantine Generals Problem - it provides a way to create consensus networks without having to trust a single node<
Application of blockchain technology
blockchain technology overlaps three fields:
1, currency: issuance mechanism, distribution mechanism, adjustment mechanism
2, contract: equity, mutual insurance, right registration and transfer, smart contract, etc.
3, Governance: identity authentication, health management, notarization, judicial arbitration, decentralized autonomous organization, Voting, etc.
blockchain is like a "trust creating machine". What Bubi blockchain needs to do is a new technology and proct to realize real value circulation and make the Internet reach a new height
when it comes to blockchain technology, we have to mention bitcoin. Many people know that electronic currency bitcoin is not issued by a specific monetary institution, but generated by a large number of calculations of a specific algorithm. In fact, the core of real support for bitcoin is blockchain technology
How can invisible and intangible bitcoin operate through blockchain technology? The popular interpretation in the instry is that blockchain can be seen as a technical solution to collectively maintain reliable databases through "decentralization" and "distrust". Generally speaking, this technology can be understood as the technology of all participants in bookkeeping. In the past, people used a centralized server for bookkeeping. In the blockchain technology system, everyone can participate in bookkeeping and jointly identify the authenticity of records
"through this technology, even if there is no neutral third-party organization, the two sides who do not trust each other can cooperate. In short, blockchain is like a "trust creating machine."“ Blockchain technology is widely used in the era of big data. " At present, in addition to the field of Internet finance, blockchain technology has been applied in many fields and has shown great prospects
in addition, blockchain technology is also of great significance in law. Especially in the field of assets, whether it is physical assets such as real estate and automobile, or intangible assets such as health and reputation, we can use this technology to complete registration, transaction and tracking. It can be said that blockchain technology will be useful in any field of proction and life that lacks trust. "
blockchain technology concept stocks
it is recommended to pay attention to it manufacturers with blockchain technology and applications. We think that blockchain is more like a mechanism or technical solution. In the future, manufacturers who can combine this mechanism into different scenarios for promotion and application are expected to achieve subversive success. Blockchain technology can ensure that the data structure will not be tampered and forged, and has broad application prospects in the field of financial payment. Bubi blockchain has set up a special team around digital currency, focusing on the development trend of digital currency for a long time, and has set up a special team to carry out relevant work around the instry development demand of digital currency, including the research on blockchain technology.
4.
Because the blockchain technology is not mature at this stage, and the infrastructure is not perfect, many applications are limited, and the overall application is still in a very early stage
First of all, the main function of blockchain is to store information. Any information that needs to be saved can be written to or read from the blockchain, so it is a database. Secondly, anyone can set up a server and join the blockchain network to become a node. In the world of blockchain, there is no central node (decentralization). Every node is equal and keeps the whole database. You can write / read data to any node, because all nodes will be synchronized in the end to ensure the consistency of the blockchain5. Blockchain technology has been born for more than 10 years. Most of the general public's impression of blockchain is still in the field of digital currency, and they can't even understand the benefits of this technology. Blockchain technology has the characteristics of openness, transparency, non tampering and disintermediation, which will bring subversive changes to us living under the cooperation of strong central network. Changsha high tech Zone has launched a SMIC blockchain service platform project, which is a blockchain + public service mode, and is soliciting enterprises to join the chain
6. With the increasing maturity of blockchain, more and more enterprises begin to look forward to using this technology for innovation. So, what is the impact of blockchain on enterprises? What can it bring to enterprises<
Renren blockchain technology services
blockchain has the ability to innovate trade, transaction and business processes
the two basic concepts supporting blockchain are "business network" and "account book" -- it is thanks to these two concepts that blockchain can become a wise and unchangeable way of trade, transaction and business process execution
network members exchange various assets through an account book that can be accessed by all members. When the network synchronizes the account book, all members need to confirm the transaction of tangible or intangible assets. This shared view helps to establish legitimacy and transparency, even when the parties are not familiar with each other
blockchain can improve visibility and trust in business
by providing visibility to all participants, blockchain can rece transaction settlement time from days or weeks to seconds. The technology can also eliminate the intermediate third party that is usually needed to verify transactions in the past, so as to rece the excessive cost
because blockchain is built on the concept of trust, it can help enterprises rece the risk of illegal behavior on the payment network, thus helping to rece fraud and cyber crime
speed, cost, efficiency and transparency are the most important advantages of blockchain within enterprises and in the company ecosystem where trade activities are carried out. It is precisely because of such advantages that far sighted enterprises are more looking forward to using blockchain technology to innovate infrastructure and better carry out business
the value of blockchain development lies in the growth of the ecosystem
as a business network, blockchain can accommodate a variety of different types of participants. According to the number of participants in the blockchain network, the value of the assets exchanged, and the need to authorize members with different credentials, the adopters of blockchain technology should pay attention to the differences between "licensed" and "unlicensed" blockchain networks
when these business networks continue to expand, the real value of blockchain will be realized. With a strong ecosystem, business networks can reach critical scale more easily, enabling users to build new business models and innovate transaction processes.
Renren blockchain technology services
blockchain has the ability to innovate trade, transaction and business processes
the two basic concepts supporting blockchain are "business network" and "account book" -- it is thanks to these two concepts that blockchain can become a wise and unchangeable way of trade, transaction and business process execution
network members exchange various assets through an account book that can be accessed by all members. When the network synchronizes the account book, all members need to confirm the transaction of tangible or intangible assets. This shared view helps to establish legitimacy and transparency, even when the parties are not familiar with each other
blockchain can improve visibility and trust in business
by providing visibility to all participants, blockchain can rece transaction settlement time from days or weeks to seconds. The technology can also eliminate the intermediate third party that is usually needed to verify transactions in the past, so as to rece the excessive cost
because blockchain is built on the concept of trust, it can help enterprises rece the risk of illegal behavior on the payment network, thus helping to rece fraud and cyber crime
speed, cost, efficiency and transparency are the most important advantages of blockchain within enterprises and in the company ecosystem where trade activities are carried out. It is precisely because of such advantages that far sighted enterprises are more looking forward to using blockchain technology to innovate infrastructure and better carry out business
the value of blockchain development lies in the growth of the ecosystem
as a business network, blockchain can accommodate a variety of different types of participants. According to the number of participants in the blockchain network, the value of the assets exchanged, and the need to authorize members with different credentials, the adopters of blockchain technology should pay attention to the differences between "licensed" and "unlicensed" blockchain networks
when these business networks continue to expand, the real value of blockchain will be realized. With a strong ecosystem, business networks can reach critical scale more easily, enabling users to build new business models and innovate transaction processes.
7. According to this development trend, I think it will. Because of the characteristics of disintermediation, openness, non tampering, programmability and so on, the blockchain itself is easy to be valued and developed. Just like blockgame, the new model of blockchain + game is highly praised
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