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Bubi blockchain crowdfunding
Publish: 2021-05-29 13:10:32
1. Now let's talk about the feasibility of blockchain equity crowdfunding in China. As we all know, as far as China is concerned, companies fall into two categories: joint stock companies and limited companies
joint stock companies are divided into "listed companies" and "unlisted companies". The shares of a listed company are registered in China securities registration and Clearing Corporation, so its behavior of issuing shares or trading shares is regulated by the CSRC. Here, we don't want to explain more; The shares issued by non listed companies do not need to be registered by any institution, and can be confirmed by issuing shares and maintaining the register of shareholders. Of course, many of them are registered through third-party institutions such as the instrial and commercial department or China Securities Depository and Clearing Corporation, and use the local share custody center to provide third-party registration services for publicity. Moreover, when the company's equity changes, it is necessary to manually process paper equity certificates, option issuance and convertible notes. In this way, the company's stock rights can be changed, The maintenance of the register of shareholders will become very complicated, and the tracking and maintenance of transactions will become more difficult to trace with more and more transactions
if the techshares blockchain technology is used for equity crowdfunding, all the above problems can be perfectly solved. The blockchain account book is safe and transparent, and can not be tampered with. It is also easy to track, and can record the company's equity and its change history at any time
convenience of equity transfer and circulation
for equity crowdfunding, equity circulation is an important part of business, which can stimulate the activity of users and promote more registration and issuance. The traditional OTC over-the-counter equity trading is based on the credit of both sides of the transaction, and the two sides of the transaction bear the credit risk on their own. The transaction can only be carried out after the establishment of bilateral credit, and the trading platform bears the credit risk of market traders
techshares blockchain technology can rece the credit risk of transactions. In essence, it decentralizes the third party that provides credibility to a more thorough extent, that is, it is no longer limited to specific third party entities, but relies on all participants to jointly maintain a set of registration system. On the one hand, blockchain gives the right to record to the company itself, reflecting the spirit of autonomy; On the other hand, it can also ensure the openness, transparency and authenticity of information records, and minimize rights disputes. The ownership of equity is registered in the blockchain, and the equity transaction must be signed by the owner's private key to be verified; After the transaction is confirmed, the change of equity will also be recorded in the blockchain, so as to protect the interests of both parties
how to ensure safety
as an investor, the most worrying problem is the safety of funds. Traditional equity crowdfunding often has the problem of "double flowers" (Note: double flowers - Double expenses, that is, the only share is repeatedly transferred to two people). Until the electronic data is comprehensive, the central clearing agency ensures that the whole system can be leveled after trading. But the risk is often borne by the platform. Unlike traditional floor trading, equity crowdfunding business is carried out by many independent companies. Therefore, these trading activities are scattered on various platforms. With the techshares blockchain technology, the decentralized trust constructed by the blockchain can ensure the normal operation of the system and business without the need for mutual trust. Everyone becomes a node in the blockchain, with their own public key and private key, participating in rapid transaction verification and accounting. Moreover, in the initial stage of equity crowdfunding, the sponsors, crowdfunding platforms, investors and sponsors jointly sign a crowdfunding contract to agree on their respective responsibilities and obligations. The contract can be stored in the blockchain in the form of a smart contract, and the blockchain ensures that the contract cannot be tampered with ring the performance. In this way, there is no need to worry about safe space
it has strong expansibility, reasonable and legal
blockchain equity crowdfunding is composed of three-tier structure, and the bottom layer is blockchain network, which constructs a decentralized trust distributed system; The middle layer is the combination of business logic and blockchain to jointly establish account center, equity registration, equity voucher, equity transaction, equity management and other functions; The top layer is the crowdfunding platform for customer-oriented business, and the business of the platform can be extended to various fields and instries in theory
with techshares' blockchain technology, decentralized trust can be realized by building P2P self-organizing network, orderly and tamperable cryptography account book and distributed consensus mechanism. In addition, no matter the company law, the regulations on the administration of company registration or other laws and regulations, there are no specific restrictions on the form of expression of the register of shareholders maintained by the company itself. The company can choose to create and maintain the register of shareholders in any form with written records, not limited to specific carriers. Therefore, it is entirely reasonable and legal to use techshares as a carrier for equity crowdfunding on the blockchain. Once it is voluntarily chosen by the company, it can provide legal and effective proof for the company's equity (shares).
joint stock companies are divided into "listed companies" and "unlisted companies". The shares of a listed company are registered in China securities registration and Clearing Corporation, so its behavior of issuing shares or trading shares is regulated by the CSRC. Here, we don't want to explain more; The shares issued by non listed companies do not need to be registered by any institution, and can be confirmed by issuing shares and maintaining the register of shareholders. Of course, many of them are registered through third-party institutions such as the instrial and commercial department or China Securities Depository and Clearing Corporation, and use the local share custody center to provide third-party registration services for publicity. Moreover, when the company's equity changes, it is necessary to manually process paper equity certificates, option issuance and convertible notes. In this way, the company's stock rights can be changed, The maintenance of the register of shareholders will become very complicated, and the tracking and maintenance of transactions will become more difficult to trace with more and more transactions
if the techshares blockchain technology is used for equity crowdfunding, all the above problems can be perfectly solved. The blockchain account book is safe and transparent, and can not be tampered with. It is also easy to track, and can record the company's equity and its change history at any time
convenience of equity transfer and circulation
for equity crowdfunding, equity circulation is an important part of business, which can stimulate the activity of users and promote more registration and issuance. The traditional OTC over-the-counter equity trading is based on the credit of both sides of the transaction, and the two sides of the transaction bear the credit risk on their own. The transaction can only be carried out after the establishment of bilateral credit, and the trading platform bears the credit risk of market traders
techshares blockchain technology can rece the credit risk of transactions. In essence, it decentralizes the third party that provides credibility to a more thorough extent, that is, it is no longer limited to specific third party entities, but relies on all participants to jointly maintain a set of registration system. On the one hand, blockchain gives the right to record to the company itself, reflecting the spirit of autonomy; On the other hand, it can also ensure the openness, transparency and authenticity of information records, and minimize rights disputes. The ownership of equity is registered in the blockchain, and the equity transaction must be signed by the owner's private key to be verified; After the transaction is confirmed, the change of equity will also be recorded in the blockchain, so as to protect the interests of both parties
how to ensure safety
as an investor, the most worrying problem is the safety of funds. Traditional equity crowdfunding often has the problem of "double flowers" (Note: double flowers - Double expenses, that is, the only share is repeatedly transferred to two people). Until the electronic data is comprehensive, the central clearing agency ensures that the whole system can be leveled after trading. But the risk is often borne by the platform. Unlike traditional floor trading, equity crowdfunding business is carried out by many independent companies. Therefore, these trading activities are scattered on various platforms. With the techshares blockchain technology, the decentralized trust constructed by the blockchain can ensure the normal operation of the system and business without the need for mutual trust. Everyone becomes a node in the blockchain, with their own public key and private key, participating in rapid transaction verification and accounting. Moreover, in the initial stage of equity crowdfunding, the sponsors, crowdfunding platforms, investors and sponsors jointly sign a crowdfunding contract to agree on their respective responsibilities and obligations. The contract can be stored in the blockchain in the form of a smart contract, and the blockchain ensures that the contract cannot be tampered with ring the performance. In this way, there is no need to worry about safe space
it has strong expansibility, reasonable and legal
blockchain equity crowdfunding is composed of three-tier structure, and the bottom layer is blockchain network, which constructs a decentralized trust distributed system; The middle layer is the combination of business logic and blockchain to jointly establish account center, equity registration, equity voucher, equity transaction, equity management and other functions; The top layer is the crowdfunding platform for customer-oriented business, and the business of the platform can be extended to various fields and instries in theory
with techshares' blockchain technology, decentralized trust can be realized by building P2P self-organizing network, orderly and tamperable cryptography account book and distributed consensus mechanism. In addition, no matter the company law, the regulations on the administration of company registration or other laws and regulations, there are no specific restrictions on the form of expression of the register of shareholders maintained by the company itself. The company can choose to create and maintain the register of shareholders in any form with written records, not limited to specific carriers. Therefore, it is entirely reasonable and legal to use techshares as a carrier for equity crowdfunding on the blockchain. Once it is voluntarily chosen by the company, it can provide legal and effective proof for the company's equity (shares).
2. First of all, I'd like to introce some well-known blockchain companies in China, and then I'll personally evaluate which one is good. You can judge for yourself
1. Bubi blockchain company, which is engaged in the underlying technical services and instry solutions of blockchain. That is to say, an underlying blockchain is built, and an adaptation layer is built on it, so that enterprises can quickly establish commercial applications. The underlying blockchain is self-developed. The consensus mechanism is pbft, TPS is 5000 transactions per second, UnionPay is 2000 transactions per second, and bitcoin is 7 transactions per second. Of course, different underlying architectures lead to different performance, because Bubi's commercial blockchain pays more attention to performance. At present, Bubi is mainly used in digital assets, supply chain finance, supply chain traceability, public notary and other fields< 2. Bumeng blockchain. Theoretically, bumeng should be regarded as the proct line of Bubi, but Bubi is mainly engaged in the private chain, while bumeng is an alliance chain. So separately, bumeng is Bubi's layout in digital assets. The underlying technology is Bubi blockchain, but it encapsulates the blockchain according to the scene and provides API interface for enterprises. Enterprises issue their own assets on it. According to the characteristics of blockchain, they can freely circulate their assets. At present, some enterprises such as sunshine insurance, Qianxiang finance, crowdsourcing, Haohuo, etc. have joined in, and the assets in them include insurance policies, integral points, and so on Financial procts and so on. Finally, it is estimated that this platform will break through the barriers between assets, and the end users can freely use and transfer these assets. This is an interesting way for the blockchain instry, because it has both the opening of public chain and the security of private chain
Third, only chain, which is a commodity ID management cloud platform based on blockchain technology, provides enterprise users with commodity asset management, tracing, anti-counterfeiting verification, new supply chain management, etc. in the form of baas. Simple understanding is that only chain has done the content of "supply chain traceability" of Bubi blockchain
four, concentric mutual aid, concentric mutual aid is a mutual aid security platform, put some mutual insurance related information into the blockchain, and users can apply to become nodes, participate in bookkeeping, and maintain their own data
5. Xiaoyi is a decentralized network protocol based on blockchain technology, which digitizes the assets and interests of the real world, and carries out financial business such as registration and issuance, transfer transaction, clearing and delivery through point-to-point network
these five blockchain companies are probably well-known in China, and I personally recommend bumeng
first, bumeng uses the underlying technology of Bubi blockchain, which is very promising in the instry. It has the largest number of landing applications in China. Enterprises can not only use the blockchain technology at low cost (just call the interface, it seems that it is free), but also use the resources inside. Think about being on the same chain with many enterprises and docking resources in the future, User transformation should not be easy
Second, Weilian and Tongxin Huzhu focus on one field, and do not provide underlying technology and instry solutions. That is to say, if you are in this instry or can be used in the upstream and downstream of this instry, you can not be used in other fields. Take mutual security field as an example, zhongtuobang and zebra Club both choose bumeng. Of course, if it is an investment, you can consider it
Third, Xiaoyi, why not recommend Xiaoyi, because Xiaoyi is an open source project, and we all know the domestic business environment, especially when the instry is just beginning to develop, and the domestic market is different from that of foreign countries, Xiaoyi has gone through two rounds of ICO, which will be a great worry in the future operation, and at present, Xiaoyi has not been applied in practice, We have made a Fada platform, which has not been used by any company yet (guess it may be related to the factors of open source, who dares to open their data completely). Of course, the open attitude of Xiaoyi is worth encouraging. Although I guess the advantages and disadvantages of the code are well understood by peers, it is not clear
Fourth, why is there no recommendation for Bubby? Bubby has raised 30 million yuan a while ago, because Bubby is more open and has more resources. Of course, if the business requires high privacy, it can also choose Bubby blockchain
finally, for all my hard work, choose me!
1. Bubi blockchain company, which is engaged in the underlying technical services and instry solutions of blockchain. That is to say, an underlying blockchain is built, and an adaptation layer is built on it, so that enterprises can quickly establish commercial applications. The underlying blockchain is self-developed. The consensus mechanism is pbft, TPS is 5000 transactions per second, UnionPay is 2000 transactions per second, and bitcoin is 7 transactions per second. Of course, different underlying architectures lead to different performance, because Bubi's commercial blockchain pays more attention to performance. At present, Bubi is mainly used in digital assets, supply chain finance, supply chain traceability, public notary and other fields< 2. Bumeng blockchain. Theoretically, bumeng should be regarded as the proct line of Bubi, but Bubi is mainly engaged in the private chain, while bumeng is an alliance chain. So separately, bumeng is Bubi's layout in digital assets. The underlying technology is Bubi blockchain, but it encapsulates the blockchain according to the scene and provides API interface for enterprises. Enterprises issue their own assets on it. According to the characteristics of blockchain, they can freely circulate their assets. At present, some enterprises such as sunshine insurance, Qianxiang finance, crowdsourcing, Haohuo, etc. have joined in, and the assets in them include insurance policies, integral points, and so on Financial procts and so on. Finally, it is estimated that this platform will break through the barriers between assets, and the end users can freely use and transfer these assets. This is an interesting way for the blockchain instry, because it has both the opening of public chain and the security of private chain
Third, only chain, which is a commodity ID management cloud platform based on blockchain technology, provides enterprise users with commodity asset management, tracing, anti-counterfeiting verification, new supply chain management, etc. in the form of baas. Simple understanding is that only chain has done the content of "supply chain traceability" of Bubi blockchain
four, concentric mutual aid, concentric mutual aid is a mutual aid security platform, put some mutual insurance related information into the blockchain, and users can apply to become nodes, participate in bookkeeping, and maintain their own data
5. Xiaoyi is a decentralized network protocol based on blockchain technology, which digitizes the assets and interests of the real world, and carries out financial business such as registration and issuance, transfer transaction, clearing and delivery through point-to-point network
these five blockchain companies are probably well-known in China, and I personally recommend bumeng
first, bumeng uses the underlying technology of Bubi blockchain, which is very promising in the instry. It has the largest number of landing applications in China. Enterprises can not only use the blockchain technology at low cost (just call the interface, it seems that it is free), but also use the resources inside. Think about being on the same chain with many enterprises and docking resources in the future, User transformation should not be easy
Second, Weilian and Tongxin Huzhu focus on one field, and do not provide underlying technology and instry solutions. That is to say, if you are in this instry or can be used in the upstream and downstream of this instry, you can not be used in other fields. Take mutual security field as an example, zhongtuobang and zebra Club both choose bumeng. Of course, if it is an investment, you can consider it
Third, Xiaoyi, why not recommend Xiaoyi, because Xiaoyi is an open source project, and we all know the domestic business environment, especially when the instry is just beginning to develop, and the domestic market is different from that of foreign countries, Xiaoyi has gone through two rounds of ICO, which will be a great worry in the future operation, and at present, Xiaoyi has not been applied in practice, We have made a Fada platform, which has not been used by any company yet (guess it may be related to the factors of open source, who dares to open their data completely). Of course, the open attitude of Xiaoyi is worth encouraging. Although I guess the advantages and disadvantages of the code are well understood by peers, it is not clear
Fourth, why is there no recommendation for Bubby? Bubby has raised 30 million yuan a while ago, because Bubby is more open and has more resources. Of course, if the business requires high privacy, it can also choose Bubby blockchain
finally, for all my hard work, choose me!
3. ICO is a blockchain instry term, full name of initial crypto token offering, which refers to financing by issuing tokens. Because many blockchain projects can issue encrypted tokens to represent some of their project's revenue rights, shares or use rights, they can issue corresponding tokens according to the amount proportion of users, and these tokens can soon be traded in some digital currency exchanges. You can pay attention to the block chain pencil, which should help you understand the instry.
4. Any crowdfunding project is a very high risk investment proct
the blockchain project crowdfunding platform is essentially the same as the traditional equity crowdfunding platform
it can be said that blockchain project crowdfunding is a subcategory of equity crowdfunding
equity crowdfunding is limited by laws and regulations, which limits the number of investors and the amount of investment. At the same time, investors need to be audited. The participation cost and threshold of ordinary people are relatively high, and the target group is high net worth people
the liquidity of equity crowdfunding is poor, and it often takes a long time to exit, and even most of the projects invested in are like drifting away
blockchain crowdfunding is a bit similar to national crowdfunding, because its crowdfunding funds are settled in bitcoin and there are no laws and regulations. Therefore, there are not too many requirements for the number of people and the amount of investment. The investment cost is low, but the threshold is relatively high
because blockchain projects are based on the underlying technology of bitcoin, it is difficult for ordinary people to understand them. In fact, they can be simply regarded as a technical way of distributed collaborative work
the success of blockchain projects in the market is relatively few, so there is no unified reference standard, and the project depends entirely on personal judgment. Settlement is concted in bitcoin, so if you need to participate, your requirement is to accept the high risk threshold of digital currency There are many projects that cheat money)
blockchain crowdfunding has good liquidity. After the emergence of the so-called "token", it can be completely traded out, and the fluctuation risk is also very high
of course, as a technology being studied by the central bank, the blockchain project is worthy of attention, but it also needs to be cautious. As for the ico365 platform, it is recommended that indivials examine their own judgment. There is no evaluation basis for the new platform.
the blockchain project crowdfunding platform is essentially the same as the traditional equity crowdfunding platform
it can be said that blockchain project crowdfunding is a subcategory of equity crowdfunding
equity crowdfunding is limited by laws and regulations, which limits the number of investors and the amount of investment. At the same time, investors need to be audited. The participation cost and threshold of ordinary people are relatively high, and the target group is high net worth people
the liquidity of equity crowdfunding is poor, and it often takes a long time to exit, and even most of the projects invested in are like drifting away
blockchain crowdfunding is a bit similar to national crowdfunding, because its crowdfunding funds are settled in bitcoin and there are no laws and regulations. Therefore, there are not too many requirements for the number of people and the amount of investment. The investment cost is low, but the threshold is relatively high
because blockchain projects are based on the underlying technology of bitcoin, it is difficult for ordinary people to understand them. In fact, they can be simply regarded as a technical way of distributed collaborative work
the success of blockchain projects in the market is relatively few, so there is no unified reference standard, and the project depends entirely on personal judgment. Settlement is concted in bitcoin, so if you need to participate, your requirement is to accept the high risk threshold of digital currency There are many projects that cheat money)
blockchain crowdfunding has good liquidity. After the emergence of the so-called "token", it can be completely traded out, and the fluctuation risk is also very high
of course, as a technology being studied by the central bank, the blockchain project is worthy of attention, but it also needs to be cautious. As for the ico365 platform, it is recommended that indivials examine their own judgment. There is no evaluation basis for the new platform.
5. Blockchain + film and television project financing enables users to realize their dream of personally supporting their favorite movie stars or directors on the blockchain, also solves the financial problem of the procers and distributors, and at the same time locks in a part of the audience for the film in advance to ensure a part of the box office. Through the blockchain, the separation of the right to use and the right to control the film and television is truly realized. The ownership of the film and television, that is, the right to control the film and television belongs to the procer, and the right to use and the property right of the film and television belong to the majority of early participants. This idea sounds very similar to the previous film and television crowdfunding, but the fundamental difference is that the accuracy of film and television instry chain crowdfunding will be greatly improved under the blockchain technology. Hunan souyun technology, together with Hengdian, Jiangsu and other major cultural exchanges, has launched a public service platform for movie blockchain. Blockchain brings a new solution for film and television crowdfunding. It can rely on smart contract + Distributed Accounting + tradable token, so that the value of digital divided film and television procts can be safely stored and traded, and the film and television purchase certificate can be circulated, Turn data into asset flow.
6. Eurocrowdfunding is a crowdfunding platform based on blockchain technology. Eurocrowdfunding is a new crowdfunding mode that combines real assets with digital currency. This model has the following characteristics:
1. Platform crowdfunding projects are supported by physical assets
2. Users with tokens will receive regular share dividends
3. European crowdfunding has a special allocation fund, and the compensation amount is as high as 80%
4. Good launch mechanism. Digital currency can be freely traded in the market.
1. Platform crowdfunding projects are supported by physical assets
2. Users with tokens will receive regular share dividends
3. European crowdfunding has a special allocation fund, and the compensation amount is as high as 80%
4. Good launch mechanism. Digital currency can be freely traded in the market.
7. Blockchain is one of the most challenging innovations in the field of fintech, because blockchain fundamentally subverts the inherent logic, operation mode and business scope of traditional finance, breaks through the limitations of numerous conventional rules and regulations, and steps into a series of new application fields that cannot be involved before
as a disruptive technology, blockchain will reconstruct the key infrastructure of Internet Finance and even the whole financial instry, and its value in the financial field is waiting for people to discover. Specific applications are as follows:
first, the application of banking instry
wallet and payment are the first fields of blockchain technology, but this is also the traditional business scope of banking instry. What changes can blockchain technology bring
cross border payment application case:
circle, founded in October 2013, aims to make bitcoin "simple and easy to operate, similar to Gmail (Google Mail), Skype (Microsoft's Internet phone) and other customer service tools", and quickly obtain a large amount of financing. In mid-2014, it obtained an investment of US $27 million, becoming one of the most well funded companies in the field of digital cryptocurrency
in 2015, Goldman Sachs and IDG Capital Partners led the investment and raised $50 million for circle. In June 2016, circle won US $60 million of investment led by Chinese investors, and announced that it has established an independent company circle China in China and set up a local team to reach strategic cooperation with network and Everbright
circle can provide instant and free fund transfer worldwide by using bitcoin blockchain transaction. Circle hopes to use bitcoin as a free internet payment network, so that the legal tender of each country can flow smoothly around the world without hindrance. By working with overseas companies such as IDG, circle can provide financial services to users of national legal tender
although the regulatory structure of payment systems in various countries is complex, the cooperation between these countries has made progress. In April 2016, circle obtained the first e-money license issued by the financial conct authority (FCA), which aroused widespread concern in the instry. Later, circle announced that it had established a partnership with the Bank of Barclays to enter the UK market. Since then, British consumers can enjoy services such as fast transfer payment and buying and selling bitcoin, just like American consumers
in order to make it easier for users to use, circle cooperates with apple. In IOS 10 system, Apple's IMessage supports users to use circle's bitcoin payment system. Jeremy Allaire, chief executive officer of circle, said:
"if IMessage allows access to payment service, consumers will benefit from it. It is difficult to install an app alone for payment, and the transfer payment behavior between friends has to go through a complicated setting process, but it is much simpler to directly access to IMessage service."
on September 13, 2016, circle announced that users can pay anyone in the world through IMessage
advantages of blockchain in cross-border payment: low cost, real-time transaction and high security
intelligent bill application case:
the bill of complex us blockchain bill project and blockchain technology can be well combined. After adopting the decentralized distributed ledger of blockchain, the existing system storage and transmission structure has been changed, a more secure operation mode has been established, and the problem of forged bills has been solved
the time stamp reflects the whole process of bill from its birth to its demise, which has the characteristics of traceable history, so that this mode has a new continuous endorsement mechanism, and truly reflects the transfer process of bill rights
the domestic Hangzhou complex us blockchain Research Center has also initially developed an open source project of blockchain lending bill exchange based on Ethereum, which integrates the concept of using blockchain technology in many subdivided fields such as finance, catering, enterprise management, express tracking, etc. The open source project of complex us blockchain online lending bill exchange is shown in the figure. The online lending exchange applying blockchain technology can complete 150000 transactions per second without handling charge
the bill business based on blockchain has four advantages:
from the perspective of moral hazard, the phenomenon of "selling more than one ticket" in paper tickets and the phenomenon of asynchronous payment and endorsement in e-bills occur from time to time. However, e to the characteristics of time stamp that can not be tampered with and the whole network is open, there will be no default once the paper tickets or e-tickets are traded
from the perspective of operational risk, as the e-bill system is centralized, once the central server fails, it will have disastrous consequences for the whole market. At the same time, the access of enterprise online banking will transfer the risk to the bank's own network security, and the whole risk chain will be longer and longer. With the help of the distributed high error tolerance and asymmetric encryption algorithm in the blockchain, the risk of human operation will be almost zero
from the perspective of credit risk, with the help of blockchain data, we can collect and evaluate the credit of all participants, and control them in real time
from the perspective of market risk, a large number of asset mismatches in the intermediary market not only lead to their own losses, but also bind the interests of banks. With the programmability of blockchain, it can not only effectively control the balance between the asset side and the liability side of participants, but also promote the authenticity of the reaction of the transaction price of the whole market to the capital demand with the help of the characteristics of data transparency, And then form a more real price index, which is concive to control market risk
bank settlement - Application Case: visa
bank settlement refers to the collection and payment behavior realized through the fund transfer of bank account, that is, the bank accepts the client's entrustment to collect and pay on behalf of the client, transfers the money from the deposit account of the payer to the deposit account of the payee, so as to complete the settlement of creditor's rights and liabilities or the allocation of funds between the clients. In this process, the bank is not only the medium of commodity exchange, but also the intermediary of clearing funds in social and economic activities
unlike domestic banks, which mainly rely on the difference between deposit and loan, half of the profits of multinational banks come from the intermediate settlement business. For them, if they open up new business areas and reasonably rece the settlement cost, it is directly related to their fundamental interests
visa is the largest credit card company in the world. There is no doubt that the rise of digital cryptocurrency will inevitably impact its credit card payment business. However, visa does not always conflict with e-money and blockchain, but takes an open attitude
in October 2015, visa and DocuSign jointly launched a "proof of concept" project, which uses bitcoin blockchain to record and keep car rental data. The project combines DocuSign's digital transaction management (DTM) platform and electronic signature solution with visa's secure payment technology. Consumers can configure rental, insurance and other daily purchase items in the car, such as parking fees and tolls, and users can pay directly with visa card
peripheral applications do not satisfy visa. In the same year, visa cooperated with coinbase to launch the first bitcoin debit card that can be used in the United States. On November 30, at the unbound conference held in London, visa European innovation laboratory showed another "proof of concept" remittance application, through which people can remit money on the bitcoin blockchain
in September 2016, visa launched interbit, an interbank settlement and payment system based on blockchain technology, in cooperation with BTL group, a digital payment start-up company, to assess whether blockchain technology can rece the cost, settlement time and credit risk of interbank international transfer
a series of major actions in the past two years show that visa has begun to realize the value of blockchain technology and is making efforts to make blockchain technology a powerful tool to expand its sphere of influence
advantages of blockchain in bank settlement: security, convenience and intelligence
in addition to using blockchain technology to transform the existing businesses, banks around the world have launched their own cryptocurrency plans to rece their operating costs
the advantage of blockchain in bank digital cryptocurrency: cost rection< Second, securities investment market application
Securities Trading - Application Case: LINQ
securities trading market is an important application field of blockchain. The application of blockchain technology can not only speed up the speed of clearing and settlement, but also rece the number of books that financial institutions need to maintain to ensure more accurate audit tracking
NASDAQ is the first person to eat crabs in the stock market. In the second half of 2015, it launched the trading platform LINQ, which is based on bitcoin trading technology and is used for trading companies in the primary market. As shown in the figure below, LINQ has the ability to record the equity transactions of enterprises before IPO, track the equity transactions of enterprises, information of shareholders and investors, etc., which is of great value to the asset analysis of private equity market
Fredrik Voss, head of NASDAQ blockchain strategy, is convinced that the high efficiency provided by blockchain technology will greatly enhance LINQ's advantages as a private equity trading platform. So far, no technology can really keep people away from paper work, and blockchain technology will make it a big step forward. Compared with manual processing, it will greatly rece the possibility of errors
advantages of blockchain in Securities Trading: speed up settlement, simplify accounts, and facilitate follow-up audit
equity crowdfunding - Application Case: ant
all along, capital is a gap in front of creative ideas and entrepreneurship, and it is this gap that spawned the world's first crowdfunding platform KickStarter. The operation mode of KickStarter is a typical business model of the platform. On the one hand, the users of the platform are those who are eager to create and create, on the other hand, those who have part of the funds and are willing to provide financial support for new ideas. The common wish of both sides is that the new ideas can be realized and can be promoted continuously
the crowdfunding platform based on blockchain technology can raise funds by creating its own digital cryptocurrency or digital assets, and distribute its own "digital equity" to early supporters, which is the certificate for investors to obtain shares in support of start-ups
blockchain crowdfunding platform usually consists of three layers:
the bottom layer is blockchain network, which constructs a decentralized distributed platform
the middle layer is the combination of business logic and blockchain to jointly establish account center, equity registration, equity voucher, equity trading, equity management and other functions
the top tier provides services for customers of various crowdfunding platforms
in China, Xiaoyi is the first company to use blockchain technology to register its equity. Although this is an innovation, it is not easy to achieve the legal compliance and docking with the real world in the underlying logic and various details. After in-depth study and analysis of the current legal environment in China, termite has the potential to become a practical blockchain application
termite is a blockchain protocol based on blockchain technology, which registers, issues, manages and trades various equity shares through point-to-point network. At the beginning, it will be
as a disruptive technology, blockchain will reconstruct the key infrastructure of Internet Finance and even the whole financial instry, and its value in the financial field is waiting for people to discover. Specific applications are as follows:
first, the application of banking instry
wallet and payment are the first fields of blockchain technology, but this is also the traditional business scope of banking instry. What changes can blockchain technology bring
cross border payment application case:
circle, founded in October 2013, aims to make bitcoin "simple and easy to operate, similar to Gmail (Google Mail), Skype (Microsoft's Internet phone) and other customer service tools", and quickly obtain a large amount of financing. In mid-2014, it obtained an investment of US $27 million, becoming one of the most well funded companies in the field of digital cryptocurrency
in 2015, Goldman Sachs and IDG Capital Partners led the investment and raised $50 million for circle. In June 2016, circle won US $60 million of investment led by Chinese investors, and announced that it has established an independent company circle China in China and set up a local team to reach strategic cooperation with network and Everbright
circle can provide instant and free fund transfer worldwide by using bitcoin blockchain transaction. Circle hopes to use bitcoin as a free internet payment network, so that the legal tender of each country can flow smoothly around the world without hindrance. By working with overseas companies such as IDG, circle can provide financial services to users of national legal tender
although the regulatory structure of payment systems in various countries is complex, the cooperation between these countries has made progress. In April 2016, circle obtained the first e-money license issued by the financial conct authority (FCA), which aroused widespread concern in the instry. Later, circle announced that it had established a partnership with the Bank of Barclays to enter the UK market. Since then, British consumers can enjoy services such as fast transfer payment and buying and selling bitcoin, just like American consumers
in order to make it easier for users to use, circle cooperates with apple. In IOS 10 system, Apple's IMessage supports users to use circle's bitcoin payment system. Jeremy Allaire, chief executive officer of circle, said:
"if IMessage allows access to payment service, consumers will benefit from it. It is difficult to install an app alone for payment, and the transfer payment behavior between friends has to go through a complicated setting process, but it is much simpler to directly access to IMessage service."
on September 13, 2016, circle announced that users can pay anyone in the world through IMessage
advantages of blockchain in cross-border payment: low cost, real-time transaction and high security
intelligent bill application case:
the bill of complex us blockchain bill project and blockchain technology can be well combined. After adopting the decentralized distributed ledger of blockchain, the existing system storage and transmission structure has been changed, a more secure operation mode has been established, and the problem of forged bills has been solved
the time stamp reflects the whole process of bill from its birth to its demise, which has the characteristics of traceable history, so that this mode has a new continuous endorsement mechanism, and truly reflects the transfer process of bill rights
the domestic Hangzhou complex us blockchain Research Center has also initially developed an open source project of blockchain lending bill exchange based on Ethereum, which integrates the concept of using blockchain technology in many subdivided fields such as finance, catering, enterprise management, express tracking, etc. The open source project of complex us blockchain online lending bill exchange is shown in the figure. The online lending exchange applying blockchain technology can complete 150000 transactions per second without handling charge
the bill business based on blockchain has four advantages:
from the perspective of moral hazard, the phenomenon of "selling more than one ticket" in paper tickets and the phenomenon of asynchronous payment and endorsement in e-bills occur from time to time. However, e to the characteristics of time stamp that can not be tampered with and the whole network is open, there will be no default once the paper tickets or e-tickets are traded
from the perspective of operational risk, as the e-bill system is centralized, once the central server fails, it will have disastrous consequences for the whole market. At the same time, the access of enterprise online banking will transfer the risk to the bank's own network security, and the whole risk chain will be longer and longer. With the help of the distributed high error tolerance and asymmetric encryption algorithm in the blockchain, the risk of human operation will be almost zero
from the perspective of credit risk, with the help of blockchain data, we can collect and evaluate the credit of all participants, and control them in real time
from the perspective of market risk, a large number of asset mismatches in the intermediary market not only lead to their own losses, but also bind the interests of banks. With the programmability of blockchain, it can not only effectively control the balance between the asset side and the liability side of participants, but also promote the authenticity of the reaction of the transaction price of the whole market to the capital demand with the help of the characteristics of data transparency, And then form a more real price index, which is concive to control market risk
bank settlement - Application Case: visa
bank settlement refers to the collection and payment behavior realized through the fund transfer of bank account, that is, the bank accepts the client's entrustment to collect and pay on behalf of the client, transfers the money from the deposit account of the payer to the deposit account of the payee, so as to complete the settlement of creditor's rights and liabilities or the allocation of funds between the clients. In this process, the bank is not only the medium of commodity exchange, but also the intermediary of clearing funds in social and economic activities
unlike domestic banks, which mainly rely on the difference between deposit and loan, half of the profits of multinational banks come from the intermediate settlement business. For them, if they open up new business areas and reasonably rece the settlement cost, it is directly related to their fundamental interests
visa is the largest credit card company in the world. There is no doubt that the rise of digital cryptocurrency will inevitably impact its credit card payment business. However, visa does not always conflict with e-money and blockchain, but takes an open attitude
in October 2015, visa and DocuSign jointly launched a "proof of concept" project, which uses bitcoin blockchain to record and keep car rental data. The project combines DocuSign's digital transaction management (DTM) platform and electronic signature solution with visa's secure payment technology. Consumers can configure rental, insurance and other daily purchase items in the car, such as parking fees and tolls, and users can pay directly with visa card
peripheral applications do not satisfy visa. In the same year, visa cooperated with coinbase to launch the first bitcoin debit card that can be used in the United States. On November 30, at the unbound conference held in London, visa European innovation laboratory showed another "proof of concept" remittance application, through which people can remit money on the bitcoin blockchain
in September 2016, visa launched interbit, an interbank settlement and payment system based on blockchain technology, in cooperation with BTL group, a digital payment start-up company, to assess whether blockchain technology can rece the cost, settlement time and credit risk of interbank international transfer
a series of major actions in the past two years show that visa has begun to realize the value of blockchain technology and is making efforts to make blockchain technology a powerful tool to expand its sphere of influence
advantages of blockchain in bank settlement: security, convenience and intelligence
in addition to using blockchain technology to transform the existing businesses, banks around the world have launched their own cryptocurrency plans to rece their operating costs
the advantage of blockchain in bank digital cryptocurrency: cost rection< Second, securities investment market application
Securities Trading - Application Case: LINQ
securities trading market is an important application field of blockchain. The application of blockchain technology can not only speed up the speed of clearing and settlement, but also rece the number of books that financial institutions need to maintain to ensure more accurate audit tracking
NASDAQ is the first person to eat crabs in the stock market. In the second half of 2015, it launched the trading platform LINQ, which is based on bitcoin trading technology and is used for trading companies in the primary market. As shown in the figure below, LINQ has the ability to record the equity transactions of enterprises before IPO, track the equity transactions of enterprises, information of shareholders and investors, etc., which is of great value to the asset analysis of private equity market
Fredrik Voss, head of NASDAQ blockchain strategy, is convinced that the high efficiency provided by blockchain technology will greatly enhance LINQ's advantages as a private equity trading platform. So far, no technology can really keep people away from paper work, and blockchain technology will make it a big step forward. Compared with manual processing, it will greatly rece the possibility of errors
advantages of blockchain in Securities Trading: speed up settlement, simplify accounts, and facilitate follow-up audit
equity crowdfunding - Application Case: ant
all along, capital is a gap in front of creative ideas and entrepreneurship, and it is this gap that spawned the world's first crowdfunding platform KickStarter. The operation mode of KickStarter is a typical business model of the platform. On the one hand, the users of the platform are those who are eager to create and create, on the other hand, those who have part of the funds and are willing to provide financial support for new ideas. The common wish of both sides is that the new ideas can be realized and can be promoted continuously
the crowdfunding platform based on blockchain technology can raise funds by creating its own digital cryptocurrency or digital assets, and distribute its own "digital equity" to early supporters, which is the certificate for investors to obtain shares in support of start-ups
blockchain crowdfunding platform usually consists of three layers:
the bottom layer is blockchain network, which constructs a decentralized distributed platform
the middle layer is the combination of business logic and blockchain to jointly establish account center, equity registration, equity voucher, equity trading, equity management and other functions
the top tier provides services for customers of various crowdfunding platforms
in China, Xiaoyi is the first company to use blockchain technology to register its equity. Although this is an innovation, it is not easy to achieve the legal compliance and docking with the real world in the underlying logic and various details. After in-depth study and analysis of the current legal environment in China, termite has the potential to become a practical blockchain application
termite is a blockchain protocol based on blockchain technology, which registers, issues, manages and trades various equity shares through point-to-point network. At the beginning, it will be
8. Bumeng builds a free and open digital asset circulation platform with data as the core
1. Asset issuance
multi-party and multi asset issuance. Indivials and institutions can issue their own digital assets; Any digitized asset can be issued and circulated on the platform
2. Asset transfer
asset circulation has changed from the original single center control to social circulation. Any channel with resources can become a catalyst for asset circulation and promote circulation
3. Asset query
view the issuance and circulation status of assets in real time, and manage the asset data.
1. Asset issuance
multi-party and multi asset issuance. Indivials and institutions can issue their own digital assets; Any digitized asset can be issued and circulated on the platform
2. Asset transfer
asset circulation has changed from the original single center control to social circulation. Any channel with resources can become a catalyst for asset circulation and promote circulation
3. Asset query
view the issuance and circulation status of assets in real time, and manage the asset data.
9.
the similarities between stocks and cryptocurrency are as follows:
the most similar thing between stocks and cryptocurrency is that the value of both depends on the next buyer. If the price of the stock / cryptocurrency is $10, and a seller wants to sell it for $100, he will find a buyer and buy the stock / cryptocurrency, then its value will become $100. So to some extent, the most important factor in the value of stocks / cryptocurrencies is the willingness of other buyers in the market to buy / sell
differences:
< EM > 1, ownership and voting rights < / EM >
cryptocurrency will not give you ownership and voting rights. In the field of stock, if you own 1% of the company's stock, it means that you have the right to vote at the company's general meeting, and you also have the right to obtain 1% of the company's remaining assets after the company goes bankrupt (Note: some dpos projects also have the right to vote, but these are meaningless for cryptocurrency transactions)
< EM > 2. Dividends < / EM >
stocks can receive dividends. Outstanding companies will distribute dividends to shareholders every year, and the annual dividend is a few percentage points of the stock. In cryptocurrencies, the dividend feature does not exist
< EM > 3. Insider trading < / EM >
stocks are strictly regulated by the government, and there are many regulations and laws of listed companies. For example, people in the stock market are forbidden to trade stocks based on insider information (information that affects the company's share price). But this kind of insider trading is very common in the cryptocurrency market
for example, a works in a listed company, and he happens to know that the company has developed a perfect market solution, which will be released next Monday. If a buys shares this week, he is likely to be sentenced for insider trading. But if a's company is a cryptocurrency company, he will not bear any responsibility, and can harvest all the benefits of new news release
Financial statements regulatory authorities require listed companies to publish quarterly and annual financial statements to show the company's business development and future development ring this period. However, in the cryptocurrency market, the issuing company is not obliged to disclose any information about the company's financial statements There is no doubt that when deciding which digital currency to invest in, the lack of financial statement information will make it difficult for investors to judge the potential risks of cryptocurrency The trading time is limited to 17:00 on weekdays and closed on weekends. If you buy the stock of a listed company, you can sit comfortably on the sofa when the stock closes without worrying about the fluctuation of the stock price, but this is impossible in the cryptocurrency world. Cryptocurrency trading is open for 7 * 24 hours, which means that investors in cryptocurrency have no time to relax< EM > 6, transaction costs < / EM >
cryptocurrency mainly includes withdrawal costs and transaction costs. In the field of stock, you need to bear stamp ty, commission, transfer fee, other expenses, etc
the above contents are for reference only
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