Five application scenarios of blockchain technology
The integrated application of blockchain technology plays an important role in new technological innovation and industrial transformation. In the fourth industrial revolution characterized by information technology.
How to take the lead and how to facilitate industrial transformation in the digitalization process of the blockchain? Users transmit industry information, so that readers can understand the blockchain industry in multiple levels and dimensions, so as to make their own correct judgments.
Blockchain is a distributed ledger (database) technology that connects data blocks in an orderly manner and cryptographically ensures that they cannot be tampered with or forged. In layman's terms, blockchain technology can realize the openness.
After the digital currency of blockchain technology
has experienced physical objects, precious metals, banknotes and other forms, digital currency has become the development direction of the digital economy era. Compared with physical currency, digital currency has the characteristics of easy carrying and storage, low circulation cost, convenient use, easy anti-counterfeiting and management, breaking geographical restrictions, and better integration.
Bitcoin technically realizes an electronic cash system in which both parties to a transaction can transfer money directly to each other without third-party transit or arbitration. In June 2019, the Internet giant Facebook also released the white paper of its cryptocurrency Libra (Libra). Whether it is Bitcoin or Libra, the underlying technology it relies on is blockchain technology.
Financial asset transaction settlement of blockchain technology
Blockchain technology naturally has financial attributes, and it is bringing about subversive changes to the financial industry. In terms of payment and settlement, under the blockchain distributed ledger system, multiple market participants jointly maintain and synchronize a "general ledger" in real time.
Just a few minutes, payment, clearing, and settlement that can only be completed in two or three days now can be completed tasks, reducing the complexity and cost of cross-bank and cross-border transactions.
At the same time, the underlying encryption technology of the blockchain ensures that participants cannot tamper with the ledger, ensuring the transparency and security of transaction records. The regulatory authorities can easily track transactions on the chain and quickly locate high-risk capital flows.
In terms of digital bills and supply chain finance, blockchain technology can effectively solve the financing difficulties of small and medium-sized enterprises. The current supply chain finance is difficult to benefit small and medium-sized enterprises in the upstream of the industrial chain.
Because they often have no direct trade relationship with core enterprises, and it is difficult for financial institutions to evaluate their credit qualifications. Based on blockchain technology, we can establish an alliance chain network, covering core enterprises, upstream and downstream suppliers, financial institutions, etc…
Core enterprises issue accounts receivable certificates to their suppliers, and the bills can be digitalized on the chain. Each level of suppliers can realize the corresponding amount of financing based on digital bill certificates.
Evidence and anti-counterfeiting of blockchain technology
Blockchain can prove the existence of a file or digital content at a specific time through hash timestamps, and its open, non-tamperable, traceable and other characteristics can be used for judicial authentication, identity certification, and property rights protection. , anti-counterfeiting traceability, etc.
Provide a perfect solution. In the field of intellectual property rights, digital signatures and certificates on the chain can be used to confirm the rights of text, pictures, audio and video, etc., and create and execute transactions through smart contracts, so that creators can regain control over pricing and secure data formation in real time.
The chain of evidence covers the three scenarios of confirmation, transaction and rights protection at the same time. In the field of anti-counterfeiting and traceability, blockchain technology can be widely used in food and medicine, agricultural products, wine, luxury goods and other fields through supply chain tracking.
Data service of blockchain technology
Blockchain technology will greatly optimize existing big data applications and play a huge role in data circulation and sharing. In the future, the Internet, artificial intelligence, and the Internet of Things will all generate massive amounts of data. The existing centralized data storage (computing mode) will face huge challenges.
Edge storage (computing) based on blockchain technology is expected to become a future solution. Furthermore, the immutable and traceable mechanism of the blockchain ensures the authenticity and high quality of the data, which becomes the basis for all data applications such as big data.
Deep learning, and artificial intelligence. Finally, the blockchain can realize multi-party collaborative data calculation under the premise of protecting data privacy, which is expected to solve the problems of "data monopoly" and "data island" and realize the value of data circulation.
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