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Problems related to the application of blockchain banking
Publish: 2021-05-27 22:23:11
1. However, after the emergence of the computer and Internet, the status of paper is no longer unshakable
ten years ago, my article was written on a black notebook. Now, all the words in my mind are entered into notebook, becoming 0 and 1, which is the change
from the present point of view, the disadvantages of paper are too obvious:
not environmentally friendly
not easy to save
for paper, long-distance transmission is very troublesome (such as information transmission)
the cost is high
easy to modify and forge
when there is a better choice in front of me, if I don't use it, isn't it a loss for me
have you ever thought that one day we won't need paper for our money
you may say:
"yes, I use Alipay and online banking every day, and no paper is used. Is this not achieved?"
indeed, Alipay's payment system is to digitize paper currency and store it in a huge database, but after all, it still needs paper money. The central bank does not print banknotes. The figures in the bank database are not too outrageous. Do you say yes or no?
can we say that the amount of money in the bank account book is the amount of cash? Of course not, because of the existence of bank loans, credit cards and other procts, the number in the bank database will only be much larger than the amount of cash, and this account book is not open, and the specific data deviation is only known to a few people
is there any payment system that does not rely on paper money, has high transparency, and no one can tamper with it
not to mention, it's really possible. Why is it possible? It's just a relatively mature experiment (with a market value of US $5 billion). In 2007, Satoshi Nakamoto, an anonymous big God or organization, began to conceive a magic project. After more than a year of careful elaboration, Nakamoto completed the white paper of the project (bitcoin: a peer-to-peer electronic cash system, Chinese Name: bitcoin: a peer-to-peer electronic cash system), In early 2009, the project was successfully launched
for the explanation of the principle of the system, I don't want to be a teacher here. For those who are interested, please refer to the information of the college channel or library. It's a very good place for you to understand these things
we just need to know that this e-cash system has nothing to do with paper. It is very transparent. Everyone can access and query this payment account book, and everyone can really control their own bookkeeping rights, that is, bitcoin token. As long as the Internet exists, someone is maintaining this account book (using mining machine operation), Then this kind of payment system can exist forever
well, you say it so well, this kind of system should be very popular, right? Of course not, because it is still in the experimental stage, there are still many defects in this kind of account book. For example, its token value fluctuates greatly, which is not suitable for pricing goods for the time being. For example, it has the problem of scalability. Maybe 100000 people use this system every day, and 10 million people use it to block and collapse. For example, it needs a lot of learning costs, People who don't have relevant knowledge are easy to lose money and so on. In short, there are a lot of problems
can we solve so many problems? Theoretically, it's very possible, because it's open source. Open source means that everyone can review and participate in improvement
of course, it's not to deceive you into buying bitcoin. This is not the purpose of my writing. Talking about bitcoin is just to introce a kind of technology, or an idea. What is it? In other words, blockchain (Chinese name is blockchain) is too popular now. Maybe you don't feel much about it at home. In foreign financial circles, it's no exaggeration to say that this word is the same as Dabao's advertising words
nowadays, foreign companies talk about "blockchain has the potential to subvert xxoo", which is like a common occurrence. Every once in a while, some giant set up a blockchain laboratory, and even the chief economist of the Bank of England raised the possibility of issuing national digital currency based on blockchain
we can't help asking, what is the basis of blockchain? What magic is driving or "deceiving" these institutions to lose their position for such a rising concept
blockchain originated from bitcoin. At present, the most successful blockchain is also bitcoin's blockchain. The reason why blockchain makes people reverie is that it has the characteristics of high transparency, unchangeable and no middleman
suppose I brainstorm and apply these features of blockchain to various applications in other instries, will it proce disruptive effects? Well, it's like now you have a new drug, which can cure all kinds of diseases in theory. Does that mean it's really suitable for treatment? You have to try, because you don't know the side effects! Now the blockchain is in such a stage. It seems to be able to cure all kinds of instries, but in fact it is only in the theoretical stage
when it comes to theory, I have to talk about it
first of all, what is the biggest difference between paper ledger and blockchain ledger
the former accounts by people, while the latter accounts by computer. Because people are too "smart", so bookkeeping is easy to be unexpected, and the efficiency is also very low, but computers are different, computers are "stupid", it is to act according to instructions, and the efficiency will be very high, there is also scalability. Ordinary database is a proct between paper account book and blockchain account book. It can save the system's partial dependence on human beings, but there are also problems in ordinary database. For example, it has access rights, such as the pension you pay. Can you know where they are going
therefore, companies, institutions or indivials with some ideas have gone to study blockchain technology.
ten years ago, my article was written on a black notebook. Now, all the words in my mind are entered into notebook, becoming 0 and 1, which is the change
from the present point of view, the disadvantages of paper are too obvious:
not environmentally friendly
not easy to save
for paper, long-distance transmission is very troublesome (such as information transmission)
the cost is high
easy to modify and forge
when there is a better choice in front of me, if I don't use it, isn't it a loss for me
have you ever thought that one day we won't need paper for our money
you may say:
"yes, I use Alipay and online banking every day, and no paper is used. Is this not achieved?"
indeed, Alipay's payment system is to digitize paper currency and store it in a huge database, but after all, it still needs paper money. The central bank does not print banknotes. The figures in the bank database are not too outrageous. Do you say yes or no?
can we say that the amount of money in the bank account book is the amount of cash? Of course not, because of the existence of bank loans, credit cards and other procts, the number in the bank database will only be much larger than the amount of cash, and this account book is not open, and the specific data deviation is only known to a few people
is there any payment system that does not rely on paper money, has high transparency, and no one can tamper with it
not to mention, it's really possible. Why is it possible? It's just a relatively mature experiment (with a market value of US $5 billion). In 2007, Satoshi Nakamoto, an anonymous big God or organization, began to conceive a magic project. After more than a year of careful elaboration, Nakamoto completed the white paper of the project (bitcoin: a peer-to-peer electronic cash system, Chinese Name: bitcoin: a peer-to-peer electronic cash system), In early 2009, the project was successfully launched
for the explanation of the principle of the system, I don't want to be a teacher here. For those who are interested, please refer to the information of the college channel or library. It's a very good place for you to understand these things
we just need to know that this e-cash system has nothing to do with paper. It is very transparent. Everyone can access and query this payment account book, and everyone can really control their own bookkeeping rights, that is, bitcoin token. As long as the Internet exists, someone is maintaining this account book (using mining machine operation), Then this kind of payment system can exist forever
well, you say it so well, this kind of system should be very popular, right? Of course not, because it is still in the experimental stage, there are still many defects in this kind of account book. For example, its token value fluctuates greatly, which is not suitable for pricing goods for the time being. For example, it has the problem of scalability. Maybe 100000 people use this system every day, and 10 million people use it to block and collapse. For example, it needs a lot of learning costs, People who don't have relevant knowledge are easy to lose money and so on. In short, there are a lot of problems
can we solve so many problems? Theoretically, it's very possible, because it's open source. Open source means that everyone can review and participate in improvement
of course, it's not to deceive you into buying bitcoin. This is not the purpose of my writing. Talking about bitcoin is just to introce a kind of technology, or an idea. What is it? In other words, blockchain (Chinese name is blockchain) is too popular now. Maybe you don't feel much about it at home. In foreign financial circles, it's no exaggeration to say that this word is the same as Dabao's advertising words
nowadays, foreign companies talk about "blockchain has the potential to subvert xxoo", which is like a common occurrence. Every once in a while, some giant set up a blockchain laboratory, and even the chief economist of the Bank of England raised the possibility of issuing national digital currency based on blockchain
we can't help asking, what is the basis of blockchain? What magic is driving or "deceiving" these institutions to lose their position for such a rising concept
blockchain originated from bitcoin. At present, the most successful blockchain is also bitcoin's blockchain. The reason why blockchain makes people reverie is that it has the characteristics of high transparency, unchangeable and no middleman
suppose I brainstorm and apply these features of blockchain to various applications in other instries, will it proce disruptive effects? Well, it's like now you have a new drug, which can cure all kinds of diseases in theory. Does that mean it's really suitable for treatment? You have to try, because you don't know the side effects! Now the blockchain is in such a stage. It seems to be able to cure all kinds of instries, but in fact it is only in the theoretical stage
when it comes to theory, I have to talk about it
first of all, what is the biggest difference between paper ledger and blockchain ledger
the former accounts by people, while the latter accounts by computer. Because people are too "smart", so bookkeeping is easy to be unexpected, and the efficiency is also very low, but computers are different, computers are "stupid", it is to act according to instructions, and the efficiency will be very high, there is also scalability. Ordinary database is a proct between paper account book and blockchain account book. It can save the system's partial dependence on human beings, but there are also problems in ordinary database. For example, it has access rights, such as the pension you pay. Can you know where they are going
therefore, companies, institutions or indivials with some ideas have gone to study blockchain technology.
2. Blockchain will not lead to the disappearance of banks. Blockchain will only improve the business of banks
at present, some well-known financial institutions in the world have begun to pay attention to blockchain and have carried out corresponding research and development. But banks will only make use of blockchain and will never let blockchain replace themselves
the underlying technologies of bitcoin, Ruitai and Laite are blockchain, but no one can replace the bank.
at present, some well-known financial institutions in the world have begun to pay attention to blockchain and have carried out corresponding research and development. But banks will only make use of blockchain and will never let blockchain replace themselves
the underlying technologies of bitcoin, Ruitai and Laite are blockchain, but no one can replace the bank.
3. 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.
4. Blockchain is a technology that can completely change the underlying design of the financial system, because it can realize the undifferentiated record between the ownership of all assets in the market and the transaction records of all market participants, so it can completely eliminate the intermediate links of clearing and trusteeship, which are used to confirm the ownership before, ring and after the transaction; In addition, as an electronic information record, blockchain can be combined with computer algorithm to realize the automation of transactions, that is, intelligent contract. There are many derivative applications of blockchain combined with other financial technologies, each of which can replace a kind of market intermediary. Blockchain is to financial services what TCP / IP is to the Internet: once the underlying standards are recognized and popularized, specific applications like bitcoin and R3 will appear in every corner of financial services. Bitcoin uses blockchain technology to query and record. For example, if I register an account in haobtc and transfer the money, I need to query the status in the block browser in the account or the block browser in BTC. In this way, the blockchain technology helps me solve the problem of daily transfer currency query.
5. There are two roles and four moles in the cross-border payment solution based on euz. The two main roles are the gateway and customer participating in the euz payment. They are as follows:
the first role is gateway, which can be bank, market maker, liquidity provider, etc. The main function of the gateway is to let the legal assets in reality enter the blockchain payment and settlement network
the second role is customers, which can be all kinds of international trade customers. Customers are the parties involved in the blockchain payment transaction, and jointly participate in the confirmation of transaction information. In the process of transaction, once either party does not confirm the transaction, the transaction cannot be formally effective. Through this common verification, the risk of information opacity is greatly avoided, and the risk of cross-border payment in international trade is reced
the four functional moles in blockchain payment and settlement are the core business logic moles in cross-border payment
the first function mole is network connector. It is a tool to help all kinds of institutions access blockchain payment network as gateway. Network connector is a "plug and play" function mole, which can be integrated with the existing international payment and settlement system, so that banks can process cross-border payment business through blockchain. The mole is connected with the remitting bank and the receiving bank to exchange personal information, expenses, delivery details, payment details, etc. After the system confirms the transaction information of both parties, the mole connects the blockchain payment ledger for settlement processing, and notifies all parties to confirm the transaction
the second function mole is blockchain payment ledger. Banks, market makers, etc. access blockchain payment books as nodes
the third function mole is the market maker client. The market maker submits digital assets to the blockchain payment account book, and the settlement platform can realize the function of market maker through internal exchange settlement or integration into the blockchain payment network through this mole
the fourth function mole is transaction client. Customers can directly operate blockchain payment settlement through the client.
the first role is gateway, which can be bank, market maker, liquidity provider, etc. The main function of the gateway is to let the legal assets in reality enter the blockchain payment and settlement network
the second role is customers, which can be all kinds of international trade customers. Customers are the parties involved in the blockchain payment transaction, and jointly participate in the confirmation of transaction information. In the process of transaction, once either party does not confirm the transaction, the transaction cannot be formally effective. Through this common verification, the risk of information opacity is greatly avoided, and the risk of cross-border payment in international trade is reced
the four functional moles in blockchain payment and settlement are the core business logic moles in cross-border payment
the first function mole is network connector. It is a tool to help all kinds of institutions access blockchain payment network as gateway. Network connector is a "plug and play" function mole, which can be integrated with the existing international payment and settlement system, so that banks can process cross-border payment business through blockchain. The mole is connected with the remitting bank and the receiving bank to exchange personal information, expenses, delivery details, payment details, etc. After the system confirms the transaction information of both parties, the mole connects the blockchain payment ledger for settlement processing, and notifies all parties to confirm the transaction
the second function mole is blockchain payment ledger. Banks, market makers, etc. access blockchain payment books as nodes
the third function mole is the market maker client. The market maker submits digital assets to the blockchain payment account book, and the settlement platform can realize the function of market maker through internal exchange settlement or integration into the blockchain payment network through this mole
the fourth function mole is transaction client. Customers can directly operate blockchain payment settlement through the client.
6. Chongqing jinwowo analysis: blockchain also comes with the technology of transaction confirmation. To realize the automatic confirmation of movable property rights for all participants in the supply chain, and form a common non tamperable record on the block chain, so as to solve the pain points in the existing right registration and right realization.
7. Hello, there is a public service platform of SMIC blockchain (Changsha) in 2020, which seems to have cooperated with Bank of Changsha.
it is an application case of bank blockchain in Hunan, you can check more information to understand
hope to help you.
it is an application case of bank blockchain in Hunan, you can check more information to understand
hope to help you.
8. According to McKinsey's analysis, the impact of blockchain technology is most likely to occur in the main application scenarios of payment and trading banking, capital market and investment banking business
digital currency: to improve the convenience of currency issuance and use, for example, the central bank plans to issue its own digital currency; Cross border payment and settlement: realize point-to-point transaction and rece intermediate costs; Bill and supply chain financial business: rece human intervention, rece costs and operational risks; Securities issuance and Trading: realize quasi real-time asset transfer and accelerate the speed of transaction clearing (European crowdfunding is a typical model); Customer credit investigation and anti fraud: rece the cost of legal compliance and prevent financial crimes.
digital currency: to improve the convenience of currency issuance and use, for example, the central bank plans to issue its own digital currency; Cross border payment and settlement: realize point-to-point transaction and rece intermediate costs; Bill and supply chain financial business: rece human intervention, rece costs and operational risks; Securities issuance and Trading: realize quasi real-time asset transfer and accelerate the speed of transaction clearing (European crowdfunding is a typical model); Customer credit investigation and anti fraud: rece the cost of legal compliance and prevent financial crimes.
9. What's your calculation power? Now, if you don't have 100g computing power, don't dig bitcoin. The money is not so easy to earn. And the difficulty of mining increases by 20% every 14 days
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