Virtual currency cooperating with banks
Background: the financial application of blockchain technology brings high investment value
2018 China international big data instry Expo opened in Guiyang City, Guizhou Province on the 26th. At the meeting, it was pointed out that China will vigorously develop the digital economy in the future, deeply implement the action plan for the development of big data and cloud computing, and deeply study blockchain technology and application. Especially in the field of finance, the landing application has become the focus of the scientific and financial circles
1. The value source of blockchain is that it can perfectly solve the pain points of the current financial instry:
in today's asset securitization, insurance, supply chain finance, commodity trading, asset custody and other financial scenarios, e to many participants, high cost of credit evaluation, low settlement efficiency of intermediary institutions and other reasons, Traditional financial service methods are difficult to effectively solve the long-standing core pain points in the instry, such as information asymmetry, complex and rendant processes, and high information verification cost
2. Why can blockchain solve the above pain points:
blockchain technology integrates many basic technologies, such as distributed accounting, tamper proof, built-in contract, etc., and constructs a trust building mechanism with lower cost. The financial application based on blockchain technology can realize the ability of all market participants to obtain all transaction information and asset ownership records in the market without discrimination, and effectively solve the problem of information asymmetry; Smart contract embedding reces the error rate of payment and settlement, simplifies the process and improves efficiency; At the same time, based on transparent information and brand-new trust mechanism, there is no need to spend manpower, material resources and financial resources to confirm information among participants, which will greatly rece the trust cost between institutions, and then rece the price of financial services and transaction costs
3. The application of blockchain technology in the financial field mainly includes the following aspects:
① digital currency
among which bitcoin is the most famous. On the basis of bitcoin, a large number of other types of decentralized digital currencies have been derived. Such as: the heyday of bits
Compared with the traditional payment system, blockchain payment can directly carry out end-to-end payment for both parties without the help of the banking system, which can greatly improve the speed and rece the cost③ digital bills
④ bank credit management: the advantage of blockchain is that it can rely on program algorithm to automatically record credit related information and store it on every computer in the blockchain network, with transparent information, tamper proof and low cost
The major financial institutions and exchanges in Europe and the United States have explored the application research of building the next generation of financial asset trading platform based on blockchain technology4. The development prospect of blockchain. The future development of blockchain technology will have the most vitality with alliance chain as the entry point, and will have a significant effect and far-reaching impact on the transformation of traditional financial instry pain points
in response to the good investment prospects of blockchain, domestic enterprises such as Alibaba, Jingdong and Netcom have entered the market. The application of financial scenarios based on blockchain technology not only brings us security and convenience, but also provides us with broader investment space. The rise and price surge of digital currency represented by bitcoin (bitcoin was about RMB 20 cents when it was first listed in 2009, and its current price is about US $7300!) It's the best proof that people with a keen sense of smell have made a lot of money from it
Abstract: This is an encrypted digital currency based on the bitcoin developed by Nakamoto Tsung, which improves and adds many new functions, such as the double-layer reward system network, also known as the main node network. It also includes anonymous payment to improve the interchangeability (bitage) and real-time payment function docking to realize real-time transaction confirmation without relying on the authority of the center (P2P mall) In 2009, Nakamoto put forward the concept of bitcoin. Since then, bitcoin has spread rapidly in mainstream applications and commercial uses, becoming the first digital currency to attract a large number of users, which is a milestone in the history of digital currency. However, from the perspective of completing the transaction, we can find an important problem, that is, it takes too long for bitcoin block to confirm the transaction. Traditional payment companies have found a solution to enable the buyer and the seller to realize zero confirmation of bitcoin transaction, but this solution usually requires a trusted third party to complete the transaction outside the agreementbitcoin provides pseudonym transaction, realizes the one-to-one transaction relationship between sender and receiver, and can always record the transactions occurred in the whole network. Bitcoin only provides low-level privacy protection, which is well known in academia. Despite this deficiency, many people still believe in the transfer history recorded by blockchain
based on Nakamoto's achievements, bitshengshi is an encrypted digital currency with the purpose of protecting privacy. We have made a series of improvements on the basis of the concept of bitcoin, resulting in a decentralized cryptocurrency with good anonymity. It supports tamper proof real-time transactions, and has a point-to-point sub network that can provide service reward system for bitsheng network
2. Master node network
the whole node is the server running on the P2P network, so that small nodes can use them to accept the dynamic changes from the whole network. These all nodes need significant traffic and other resources that consume a lot of cost. Therefore, it will be observed that the number of these nodes on the bitcoin network presents a steady downward trend over a period of time, so that the block broadcast time needs an additional 40 seconds. In order to solve this problem, many solutions have been put forward, such as the introction of Microsoft Research's new incentive plan and bitnodes incentive plan
Figure 6: Mining reward model
in the bitcoin risk notice jointly issued by the central bank and other five ministries and commissions at the end of 2013, bitcoin is clearly defined as a special Internet commodity, and people can buy and sell it freely on the premise of their own risk. At this stage, bitcoin is not a currency. Bitcoin cannot and should be used for payment, and financial institutions are forbidden to provide services related to bitcoin. In 2014, third-party payment institutions and banks have interrupted the cooperation with the trading platform
therefore, the ICC virtual currency and the Bank of China are also doing things that are nothing. They are suspected to be a pyramid scheme and should invest prudently. At present, there are numerous pyramid schemes under the guise of bitcoin. As an investor, we should learn more about virtual currency, and don't believe in the myth that virtual currency makes wealth. At present, the more well-known virtual currencies are bitcoin, Wright coin, Fuyuan coin, dog coin and so on, but these coins are always used by pyramid schemes.
but if you use virtual currency to carry out illegal pyramid selling activities, it is illegal. The currencies suspected of pyramid schemes exposed by bitcoin house, the mainstream media website of the coin circle, include Vicat and BBT Mint system
of course, many virtual currencies are graally starting to cooperate with the government. For example, reborn coin has been trying to cooperate with banking institutions and the government. Recently, Fuyuan coin has been registered legally in California.
the roads are all made by yourself and planned by yourself. It is basically impossible to wait for others to plan for you. Your husband must have a heart to start his own business or work with his uncle.
2. Purchase price accounting, also known as "purchase price bookkeeping, inventory and sales", is an accounting method that controls the purchase, sales and inventory of goods by the person in charge of the physical object (or counter group) based on the total amount of purchase price. Its accounting features are: after the purchase of goods, register the sub ledger of goods in stock set by the person in charge of the goods, only recording the amount of purchase price, not the quantity; After commodity sales, credit the "commodity sales revenue" account according to the actual sales revenue, do not carry forward the cost of commodity sales at ordinary times, conct regular physical inventory, find out the actual quantity, and calculate and carry forward the cost of commodity sales with the final purchase price method. This method is suitable for selling bulk commodities with large unit value. The disadvantage is that it's troublesome
3. Supermarkets and department stores usually use the "selling price method" to calculate the cost of goods. Price accounting method is suitable for retail businesses with complicated commodities, but the premise is that the price is uniform (indivial price changes also need to go through relevant proceres), the cost of sales is carried forward according to the price in each period, the price difference rate between purchase and sale is calculated at the end of the month, and then the price difference between purchase and sale of the sold commodities is obtained, and then the cost is adjusted. This accounting method is not applicable in today's market economy.
at the end of 2013, the central bank and other five ministries and commissions jointly issued the bitcoin risk notice, which clearly defined bitcoin as a special Internet commodity that people can buy and sell freely at their own risk. At present, no financial institution is allowed to provide bitcoin related services
these rules are also applicable to; Wright coin, Ruitai coin, dog coin and other digital cryptocurrency.
Sun Yuchen was born in 1990. The post-90s mobile social application accompanies me, chairman and CEO3 of app, founder and chairman and ceo4 of Ruibo. He holds a master's degree from the University of Pennsylvania and a bachelor's degree from Peking University. Since its establishment in 2014, the company has received several rounds of tens of millions of US dollars investment from many institutions including IDG, xinzhongli, qingkong, Kechuang, fashion group and Zhongke capital. The investors and shareholders include several CEOs of Listed Companies in China and the United States, with a valuation of billions of RMB. 1 World Economic Forum (Davos Forum) global outstanding youth, was rated as Forbes 2015 China's 30 entrepreneurs under the age of 30. In 2015, he became the only post-90s student among the first batch of students of Hupan university founded by Ma Yun