Blockchain has stinked in China

2. Now it has entered the era of digital currency. In recent years, digital currency is very popular. For example, blockchain is the focus of people's attention. Now more and more people begin to pay attention to blockchain. Many people are concerned about blockchain's entry into China's market. Domestic policies have not explained blockchain in detail. Many people are worried about whether blockchain is legal? Is blockchain legal in China? Xiaobian, let's explain the blockchain in detail

on April 9, 2017, Hangzhou municipal government and a company jointly set up a $10 billion xiongan global blockchain innovation fund, which can promote the development of blockchain projects. This initiative has also attracted the attention of many relevant financial people. At present, Hangzhou blockchain Instrial Park is one of the important initiatives funded and developed by the municipal government, I believe this case has also become one of the representative cases in China. Since then, more and more blockchains have developed all over the country<

at present, China has a new understanding of digital currency, analyzing the value of digital currency in essence, and relevant departments are also actively participating in the corresponding research. The central bank has set up a special research group and digital currency Research Institute, hoping to further explore the digitalization of sovereign currency. From the side, it can be seen that China has a positive attitude towards blockchain technology, and the Chinese government has repeatedly stressed the important role of blockchain technology in reshaping the global financial pattern

with the development of global economy, the Chinese government has realized the commercial development of domestic blockchain projects. From the blockchain projects invested by Hangzhou municipal government, it can be seen that more and more provinces will start to carry out blockchain projects in the future, which can promote the development of local economy

is blockchain legal in China? At present, the Chinese government is actively studying blockchain, and has carried out blockchain related projects in some provinces. Through the above introction, I believe that people should have a certain understanding of the blockchain. I believe that in the near future, there will be more and more blockchain projects, which can promote the development of domestic economy and enable more and more people to get more wealth from blockchain projects.

3. Compared with developed countries, China's insurance instry has been developing for a short time, and the coverage rate of insurance business, especially for accidents, serious diseases, fixed life insurance and family property insurance, is low, which makes it difficult for low security and special groups to seek risk protection procts. In this reality, as a supplement of social security and commercial insurance, network mutual assistance can provide a group heating option for the low security group, which has a positive insurance inclusive effect. Yang Yong said, "blockchain technology can be applied to all aspects of social innovation. Our vision is to provide low-cost and adequate personal and property protection for the people who need protection most in China, so that insurance can benefit the public. After that, we are willing to open up this technical solution, so that more fields can benefit from the popularization of blockchain technology. "

4. Mainly depends on the operation content and project
the application of blockchain technology itself is not illegal. At present, ant financial services, Tencent and network all have blockchain technology support

5. How much do you know about blockchain. And a scam. Go to the Internet to see if it is recognized. Don't be silly, some people earn a lot of money, you still doubt. The emergence of a new thing is not to believe, but to understand

at the beginning, some people said that mobile phones could make a long-distance call. Did you also say that it was impossible

6.

It's only in the first tier cities that we know about this technology, but it's not very widely understood, let alone in other tier cities. The banking sector is also preparing to apply blockchain technology, but it has not really been applied. The financial instry also needs to apply it, but I don't know when. To be exact, blockchain is only in the initial stage of trial in China

in China, the instry in which blockchain has been applied is network mutual help bar. As I know, network mutual help platform concentric mutual help is the first real blockchain landing application in China. Through blockchain and big data technology, we can eliminate the defects of traditional network mutual help mode and establish an open and transparent new network mutual help platform

you can download their blockchain customer service end to experience it

7. It's not that there's no fire, it's that ordinary people don't know much about blockchain technology, and blockchain technology is not without fire. Take chestnut as an example, the first project launched by blockchain start-up company Abbott Financial Technology Co., Ltd. is concentric mutual aid. The goal is to continuously promote the application and development of blockchain technology in China from the perspective of network mutual aid. As the first real blockchain landing application in China, concentric mutual aid combines open source code with practical application, and realizes the deep matching between blockchain technology and network mutual aid
compared with developed countries, China's insurance instry has developed for a short time, and the coverage rate of indemnificatory business, especially insurance types such as accident, serious illness, fixed life insurance and family property, is low, which makes it difficult for low indemnificatory and special groups to seek risk protection procts. In this reality, as a supplement of social security and commercial insurance, network mutual assistance can provide a group heating option for the low security group, which has a positive insurance inclusive effect. Yang Yong said, "blockchain technology can be applied to all aspects of social innovation. Our vision is to provide low-cost and adequate personal and property protection for the people who need protection most in China, so that insurance can benefit the public. After that, we are willing to open up this technical solution, so that more fields can benefit from the popularization of blockchain technology. "

8. What can blockchain do? Blockchain, a great technology with the birth of bitcoin, can greatly rece transaction costs and improve efficiency in the financial field, which is enough to make Wall Street excited. However, this is only the tip of the iceberg, and its potential application prospects are very wide, which will subvert all aspects of our lives in the future

blockchain is an important concept of bitcoin. In essence, it is a decentralized database, as well as the underlying technology of bitcoin. One of the most basic characteristics of bitcoin is decentralization. In recent months, financial giants have graally begun to pay attention to the technology of bitcoin, and used it in non monetary fields, such as stock trading, election voting and so on 1) Art instry
artists can use blockchain technology to declare ownership, issue works that can be numbered and limited edition, and can target any type of art in digital form. It even includes a trading market where artists can buy and sell through their websites without any intermediary services
(2) the real estate instry
uses blockchain technology to solve various problems faced by everyone when participating in real estate, including naming process, land registration, agency and so on
(3) the insurance instry
the financial instry has always been the most sensitive to advanced technology. Traditional banking and securities giants have been investing in blockchain venture capital since 2014, with a total global investment of US $1 billion in two years
(4) P2P wallet
personal assets can be traded through this P2P wallet in the future without going through any central organization, such as bitcoin

most blockchains are in their infancy, and most of them are overseas. There are very few good blockchain projects in China, so it is not recommended that any non professionals invest in blockchain projects. If you are very interested in blockchain technology and have technical or financial background, it is suggested to consider starting a business in this area. In terms of protocol system of blockchain, the bottom layer is the underlying technology of blockchain, including the technical protocol of blockchain, as well as some platform routing and basic algorithms; In the middle layer, we need to solve the problems of some application interfaces and the issuance and verification of some certificates, including the services of some instry platforms, big data analysis, etc. This is a rough division, and there should be more detailed division; The top is some applications of blockchain, including financial applications and other applications, Internet of things and so on

Introction to Bubi blockchain

since its establishment, Bubi blockchain has been focusing on the R & D and innovation of blockchain technology and procts, has a number of core technologies, and has made substantial innovation in many aspects, forming a number of core technology achievements, such as: mathematically verifiable distributed consensus technology, fast large-scale ledger access technology, and so on Multi Chain general ledger technology supporting business form expansion, interconnection technology between heterogeneous blockchains, etc. On April 25, "gege integral" introced the integral system into the concept of blockchain, opened up by multiple parties, issued and exchanged integral, and promoted the circulation of integral. All cooperative institutions can jointly participate in transaction verification, account book storage and real-time settlement; The third-party payment platform of the enterprise points issuer makes the points in and out more flexible. Bubi has developed its own basic blockchain service platform, which has been applied in equity, supply chain, credit and other fields. Bubi has been committed to building an open value circulation network with the core of decentralized (polycentric) trust, so that digital assets can flow freely

the simple understanding of blockchain is a technology at the bottom of bitcoin, which is also a point-to-point e-cash system, which can realize point-to-point value express. We should distinguish the concepts of bitcoin, bitcoin blockchain, blockchain and blockchain technology. In the countries with more developed finance in the past, the technology of Finance and block has a long history, and the legislation of digital currency and block chain network is also very important. With the advent of the financial era, large financial institutions are studying blockchain technology. They have their own team and concept technology. Graally, regional banks are also participating in the discussion of digital currency. In addition to the application and support of this technology, blockchain has great influence on enterprises. For larger domestic enterprises, Bubi block is also applied to all kinds of equity In the fields of supply chain and points, domestic financial institutions and enterprises have focused on the value of new instries and developed their own blockchain platforms. Blockchain has instantly become a new domestic innovation instry. Overseas, compared with China, the United States has already obtained 15 blockchain patents at the end of last year. The application of blockchain finance is entering a new stage in an all-round way. Various applications will be more and more in-depth, and the relevant changes will attract more and more attention, which will also form a great new trend

financial institutions have launched blockchain technology into a new era of Internet and big data applications, which has laid a pattern from negative interest rate profit driven innovation to technological innovation. At this time, domestic giants have suggested that the cooperation alliance not only affects the implementation of financial infrastructure, but also is an important means to expand business cooperation. In terms of implementation, the future payment system securities deposit will not only affect the implementation of financial infrastructure, It is inseparable from the financial and settlement system and big data analysis, while the domestic giants join hands and propose a mutually beneficial cooperation mode, which can not only effectively improve operational efficiency, but also rece costs and find new growth points, After the adoption of blockchain technology, whether the company's procts and services can proce a new business model or a cost advantage far lower than that of competitors

what can blockchain do? What about blockchain? Although at present, there is no mature underlying blockchain technology platform solution, technical problems such as capacity scalability, privacy protection, non net settlement and non recourse need to be solved, and large-scale application of blockchain technology also needs to reset it architecture and reengineer business process, these are only technical problems. The real test of blockchain technology rooted and growing in the financial field is the regulatory agencies and financial institutions. Will the inherent "de supervision" and "de centralization" characteristics of blockchain make the market players have no power to drive technological innovation. However, because the blockchain is a technology based on mathematical algorithm, the establishment of trust relationship between all parties does not need the help of intermediaries or authority centers, and the cost of establishing trust relationship is almost zero (on the premise of the establishment of blockchain financial infrastructure and ancillary infrastructure), and the blockchain code is open-source, no geographical restrictions, and the network pattern is distributed and interconnected, It lays a technical foundation for the establishment and development of Inclusive Finance and shared finance in the future, and creates material conditions for the integration and unification of global finance. From this point of view alone, blockchain technology is bound to establish a core position in the future financial development, and rely on and complement each other with finance, and win-win in the future.

9. It can be said that 2016 is the first year of the development of China's blockchain. Since 2016, the government has focused on and supported the development of blockchain technology and instry in various forms
especially in the 13th five year plan for national informatization released in December 2016, it is clearly proposed that the innovation, test and application of new technologies such as blockchain should be strengthened to seize the leading power of new generation information technology
in January 2017, the block chain based digital bill trading platform promoted by the central bank was successfully tested.