When it comes to blockchain technology, you have to mention Bitcoin. Many people know that the electronic currency Bitcoin is not issued by a specific monetary institution, but is generated by a large number of calculations of a specific algorithm. In fact, the core of truly supporting Bitcoin is blockchain technology.
How does the intangible bitcoin operate through blockchain technology? The interpretation circulating in the industry is that blockchain can be regarded as a technical solution to collectively maintain a reliable database through "decentralization" and "de-trust". In layman's terms, this technology can be understood as a technology in which all people participate in bookkeeping. In the past, people used centralized servers for bookkeeping, but in the blockchain technology system, everyone can participate in bookkeeping and agree with the authenticity of the records.
"Through this technology, even if there is no neutral third-party organization, two parties who do not trust each other can achieve cooperation. In short, the blockchain is similar to a' machine that creates trust'. " Bubi Company is a leading blockchain service provider in China. A number of breakthroughs have been made in the blockchain technology platform, which can meet the scenarios of tens of millions of users and have the ability to quickly build upper-level application services.
The blockchain technology in which all parties participate in recording and storing information adopts decentralized distributed structure, which saves a lot of intermediary costs and can better ensure data security; At the same time, it has a tamperable timestamp, which can effectively solve the problems of data tracking and information anti-counterfeiting.
Will it become the next outlet of Internet finance?
Although blockchain appeared together with Bitcoin, the derivative value of this technology has surpassed that of digital currency. Bubi blockchain focuses on the innovation of blockchain technology and products. It has a number of core technologies and developed its own blockchain service platform. With decentralized trust as the core, we are committed to building an open value circulation network and allowing digital assets to flow freely. What Bubi wants to do is a new technology and product-to realize real value circulation and make the Internet reach a new height. With the application of this technology, there can be no central organization when transferring assets, and the direct transfer of assets between us can be realized.
In the current international financial market, the US Central Bank, Swiss Bank and some insurance and futures companies are scrambling to develop blockchain technology. Liang Fang introduced that in the Internet finance industry, blockchain technology will first affect financial infrastructure such as payment systems, securities settlement systems and transaction databases; Then this technology will also be extended to general financial services, such as credit information system and "anti-money laundering".
"The payment and clearing system of the financial industry will develop towards decentralization. The electronic account book supported by blockchain technology is a reliable system with no errors and cannot be tampered with, which has a far-reaching impact on payment, liquidation, transaction and confirmation. " Yan Li said.
Therefore, the industry believes that blockchain technology may be the next slogan of the Internet finance industry. With the deepening of the Internet of Everything, Yang Tao, assistant director of the Institute of Finance of China Academy of Social Sciences, also said that blockchain will make it possible for all individuals to become important nodes in the allocation of financial resources, and will also promote the improvement of existing financial system rules and build a win-win financial development ecosystem.
Blockchain technology will affect many industries.
"Blockchain technology is widely used in the era of big data." Yan Li said frankly that at present, in addition to the field of Internet finance, blockchain technology has been applied in many fields and has shown great prospects.
For example, the healthcare industry has benefited a lot from blockchain technology. In reality, patients' private information leaks from time to time, and centralized database or filing cabinet management in medical departments is not the best choice. Medical institutions are realizing the confidentiality of patient privacy information through blockchain technology.
In addition, blockchain technology is also of great legal significance. In some civil fields, it is often difficult to prove. Blockchain technology can record every step and help the judiciary identify the specific responsible person.
"Especially in the field of assets, whether it is physical assets such as real estate and automobiles, or intangible assets such as health and reputation, this technology can be used to complete registration, trading and tracking. It can be said that blockchain technology will be useful in any production and life field that lacks trust. "
The development of blockchain technology has also brought about changes in the business philosophy of various industries. Brand-new technology and brand-new ideas have promoted the new development of various industries. This driving force has a great influence on the promotion of social and economic activities. Many brand-new industry phenomena will appear one after another, and the public will wait and see, expecting that this brand-new technology will be used by various industries to better benefit them.