Questions related to blockchain
e to the use of Distributed Accounting and storage, there is no centralized hardware or management organization, the rights and obligations of each node are equal, and the data blocks in the system are jointly maintained by the nodes with maintenance function in the whole system.
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blockchain is a distributed account book technology, and digital currency is currently the main application mode of blockchain technology
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digital currency, based on the characteristics of blockchain, such as decentralization, traceability, non deletion and modification of records, confidentiality, convenient and rapid transaction, can be used as the carrier of asset digitization to a certain extent. Digital currency provides a feasible tool for asset digitization, safe, convenient and transparent transaction
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digital currency is illegal in China. In 2017, many ministries and commissions of the state have issued relevant issues, please search online
Relevant national leaders pointed out that blockchain technology is an important breakthrough for independent innovation of core technology. Therefore, more and more attention will be paid to the application of blockchain technology, and the central bank is also studying DCEP, but it is not clear when digital currency will enter the legal application -
a few countries, such as the United States, Japan and Singapore, are tolerant of digital currency:
1) the United States: there are usdt, ETH, and Libra in the future
2) Japan: in April 2017, Japan implemented the revised capital settlement law, stipulating that digital currency and Japanese yen are legal tender and can be traded with each other
3) Singapore: Singapore is tolerant of digital currency, and it has become a common practice for Singaporeans to invest in digital currency< br />
1. Application of blockchain technology in the banking instry the biggest feature of blockchain technology is decentralization, which will rece a lot of costs for the banking instry. The development of digital currency will make it possible for banks to realize real-time digital transactions. For example, in bill transaction, bank bill transaction always relies on the third party to realize the transfer of valuable documents. Even in electronic bill transaction,
also needs to be authenticated through the information of central bank ECDs system. The blockchain technology can realize the point-to-point value transmission, which no longer needs centralized system control. This not only speeds up the bill transmission speed, but also reces the mistakes caused by human factors. The rection of process will naturally rece the demand of the bank for personnel and save the labor cost of the bank
2, the application of blockchain technology in the insurance instry
blockchain technology also has incomparable advantages in the insurance instry. From the perspective of data management, the application of blockchain technology can effectively improve the risk management and control ability of insurance companies, including the risk supervision of insurance companies and the risk management of policyholders
the application of blockchain technology in the insurance instry can strengthen the internal risk supervision of insurance companies. Blockchain technology can record the daily operation process of insurance company on the node, realize the in-process control of the company's capital flow, investment situation, compensation amount and other business, and improve the company's risk management and control ability
3. Application of blockchain technology in the securities instry
4, blockchain technology and financial infrastructure
blockchain technology is a decentralized mechanism for value exchange, which will lead to earth shaking changes in the existing financial infrastructure characterized by centralization
5. Application of blockchain technology in supply chain, It has become an effective guarantee for enterprise bank's loan credit, financing credit and transaction credit
in other words, blockchain solves the problem of trust and security