Blockchain is the solution to price transmission

1. What problem does blockchain solve

Use blockchain technology as currency because blockchain will inevitably generate tokens, all transaction participants agree that it has value, blockchain technology helps it act as currency. We found that blockchain currencies are likely to first facilitate private transactions, international transactions, and microtransactions to gain adoption, and then eventually expand to become the default currency for all transactions. Blockchain technology is also useful for individuals performing microtransactions. If one person wants to send $1.00 to another, the world without blockchain fees can easily reach 30-40% of the total transaction (.30—.30—.40). As a result, companies are forced to turn transactions into monthly invoices, and these high fees also prevent founders from starting a business with small amounts of money in the first place. Assuming an entrepreneur wants to start a business, an individual in France can send a $1 payment directly to a farmer in Kenya to help them build their agricultural infrastructure. After almost half of these payments go to the intermediary entity in the consciousness of the entrepreneur and his potential donors, the entrepreneur may give up and the donor may leave. On the other hand, if an entrepreneur in a developing country wants to transfer his wealth (eg, $2-5 per day) from a local unstable currency to a more stable international currency, he will face high international double fees The troubles are transaction fees for small transaction sizes and high intermediary fees. Blockchain-based currencies offer solutions to these problems. Using Blockchain Technology as a Store of Value Blockchain technology also has the potential to provide new independent stores of value. Today, the classic independent value is gold as a store of value, as humans decide to be independent of nation states (such as Canada) or unions of nations (such as the European Union) rather than other mainstream currencies (such as the United States, where the U.S. dollar is closely related to the success of the United States of America). Gold generally has an inverse relationship with the U.S. dollar: in other words, gold acts as a hedge against the current global financial system. Since gold is difficult to store (heavy and relatively insecure), digital blockchain currencies represent an attractive option. If digital currencies become more stable over time (currently, they are extremely volatile), they may one day add or subtract assets like gold (for hedging). If digital currencies replace traditional currencies such as the dollar and the euro, these digital currencies will represent and dominate the financial system. In this world, these currencies will no longer be useful hedges of the current status quo: they will be the status quo! And we hope that investors can pay attention to gold, similar assets and non-mainstream digital currencies to hedge these now mainstream digital currencies. Using Blockchain Technology to Facilitate Simple Exchange of Information Ultimately, the value of blockchain technology comes from its potential to protect and automate the transfer of information, an endeavor with limitless opportunities. While blockchain-based currencies represent a great opportunity to simplify the transfer of information, any current process or system that transmits information digitally (i.e. anything on the Internet) could be revolutionized by blockchain technology. In the blockchain world, the programmable rules that determine how the blockchain communicates information are called smart contracts. Smart contracts are really just automatic contracts. To implement a smart contract, three things need to be done. First, all stakeholders need to agree that digital tokens have value. Second, all stakeholders need to agree on every definition in a smart contract. Third, digital tokens need to be combined with the programmatic facts of each definition. An example of a complex information marketplace where blockchain technology is used to facilitate complex information exchange is the storage of digital information. Today, a large portion of the internet is hosted by Amazon Web Services (AWS) and similar offerings from other intermediary entities. These entities build and maintain global data stores and servers to support cloud infrastructure. However, in the blockchain world, companies can use information storage blockchain tokens (we call the fictitious token ‘FileStorageCoin’) in exchange for secure storage on a highly distributed network at a price charged by physical intermediaries such as AWS Just a little part. While blockchain can help users get more value from storage, connectivity, bandwidth, website access, and content creation, the technology is not limited to digital information; the technology can also make physical world assets more liquid (easier to sell and purchase) to make it more reducible. In other words, blockchain can better facilitate multi-person asset ownership.

2. Everyone says that the blockchain value transfer, what the hell is the value

With the increasing frequency of commodity trade transactions between countries, the US dollar is widely used for international currency settlement, not only the cost It is also susceptible to exchange rate fluctuation risks, credit risks and depreciation risks, and there are also factors such as commodity goods, logistics, commerce, and contract management between commercial and trade enterprises that affect the achievement of trade. AreaThe birth of the blockchain will undoubtedly solve the above disadvantages.
Because of the unique functions of data confirmation and value transfer of blockchain, many factors that affect user experience and improve development difficulty can be eliminated:
1. Information synchronization: If the public chain supports information sharing, users can only Need to complete data matching, you can share real-name information data from other ecological developers
2. Transaction security: Needless to say, the blockchain was born for the new cash payment system from the beginning
/>3. Product copyright issues: I listen to music, but because of copyright issues, some music is only available on certain platforms, which is very annoying. Do I have to install all music platforms in order to listen to a few songs? The use of blockchain technology ensures copyright protection and tokenization of fees. Regardless of the channel, the first purchase requires payment of Token. Then the cost of competition for platform copyright will decrease, allowing developers to focus more on the improvement of user experience. We no longer need to charge members for each platform, just use our favorite DApps.
4. Project operation and maintenance costs are reduced: project operation and maintenance costs are far greater than development costs. It turned out that when I was in a small company, the server often went down due to the increase in traffic and high concurrency during activities. Therefore, new servers had to be added. And when there is no activity, the server does not need so much, and it feels like a waste of cost. In the case of DApps, Token resources can be temporarily purchased for activities and released during normal times. Make resource allocation more dynamic and reasonable
5. Reduce technology development costs: like EOS, it provides a good development framework and environment, allowing developers to develop easily, and then the main chain is responsible for data security, and the product team only needs to follow the actual needs Assemble the modules and pay the corresponding Token. Development teams can be fragmented and distributed all over the world, as long as they perform their duties.

3. What is blockchain and can it solve any problems?

Blockchain is a new application mode of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm, etc. . The so-called consensus mechanism is a mathematical algorithm that realizes the establishment of trust between different nodes and the acquisition of rights and interests in the blockchain system. For example, Jinwowo Network Technology combines blockchain technology and big data, which can effectively help enterprises solve problems such as big data analysis and data authenticity, and effectively help enterprises to carry out market operation activities.

4. What kind of problems can blockchain technology solve?

Blockchain technology can solve the trust problem at a relatively lower cost, which is very important to the current emphasis on reducing the burden of the real economy. It plays an important role in reducing transaction costs and has great social value. At the same time, continuous exploration is required for the blockchain technology itself, and it is believed that independent and controllable intellectual property rights and patents can be integrated with this technology in the future.
In the future, Jinwowo will focus on promoting the legal circulation and commercial application of big data with blockchain technology.

5. Why is it said that blockchain technology transmits credit value

Blockchain has the characteristics of decentralization, non-tampering, trustworthiness, traceability, whole network accounting, etc. Advantages
The most important thing of blockchain is to solve the problem of intermediary credit. In the past, it was difficult for two people who did not know and trust each other to cooperate and had to rely on a third party. For example, for payment behavior, in the past, any kind of transfer must have an institution such as a bank or Alipay. However, through blockchain technology, Bitcoin is the first time that humans can complete the transfer behavior that can be trusted by both parties without the participation of any intermediaries. Guarantee, loan, credit, risk control, equity, income, and rating based on blockchain are all possible. The value Internet attribute of blockchain enables various economic activities to operate more efficiently. Whether it is ordinary people in the society or various economic people, they will be mapped to a “blockchain ID” to form a new moral system, evaluation standards and credit records.

6. What problem does the blockchain solve?

Art industry
Ascribe allows artists to use blockchain technology to claim ownership, issue numbers, and limited editions Editions of the work, which can target any type of artwork in digital form. It even includes a marketplace where artists can buy and sell through their website without the need for any intermediary services.

Legal Industry
BitProof is the most advanced of many document timestamping applications that have emerged in recent years, and will make traditional notarization methods a thing of the past. BitProof offers more services than free versions including Blocksgin and OriginStaemp, including one for intellectual property. Interestingly, BitProof recently partnered with a San Francisco IT school to put their students’ academic credentials on the blockchain, completely redefining how diplomas and student certificates are handled and used.

Development Industry
Colu was the first to allow other companies to issue digital assets, and many were impressed that they could “tokenize” various assets. While the free Bitcoin wallet Counterparty also allows simple tokens to be issued and traded among other wallet holders, Colu’s tokens can be set in various states and types, able to leave or re-enter the system, and The ability to store data on the BitTorrent network when storing data on the blockchain is too large.

Real Estate Industry
They plan to be able to modernize the entire industry chain process and solve various problems faced by everyone involved in real estate, including the naming process, land registration, agency intermediaries, etc.
From a financial point of view, the essence of blockchain currency
: currency is only a broad consensus of value, and does not have value precipitation in itself.
The relationship between assets and money: Money describes assets.
What is a digital asset: Assets are digitalized, subdivided, and tradable, and the price is determined by the supply and demand market, rather than the value intermediary – currency.

Internet of Things
Application Scenario Analysis[7]
A possible application scenario is: generate corresponding behavior through Transaction, assign address to each device, and assign the address to the address. Injecting a certain fee, you can perform related actions, so as to achieve the application of the Internet of Things. Similar to: PM2.5 monitoring point data acquisition, server rental, webcam data call, DNS server, etc.
In addition, with the increase of IoT devices and the enhanced computing requirements of the Edge, a distributed self-organizing management mode is required between a large number of devices, and fault tolerance is very high. The distributed and anti-attack characteristics of the blockchain itself can be well used in this scenario.
IBM [7]
IBM has been investing in the field of IoT for decades, and is exploring the use of blockchain technology to reduce the cost of IoT applications.
In early 2015, IBM and Samsung announced a partnership to develop the ADEPT system.
Logistics supply chain [7]
The supply chain industry often involves many entities, including logistics, capital flow, information flow, etc. There are a lot of complex collaboration and communication among these entities. Under the traditional model, different entities keep their own supply chain information, which seriously lacks transparency, resulting in high time and money costs, and it is difficult to trace and deal with problems (forgery, counterfeit goods, etc.).
Through the blockchain, all parties can obtain a transparent and reliable unified information platform, which can check the status in real time, reduce logistics costs, and trace the entire process of production and delivery of items, thereby improving the efficiency of supply chain management. When disputes arise, it becomes clearer and easier to present evidence and trace.
This field is considered to be a promising application direction of blockchain.
For example, the carrier verifies that the goods have arrived at the designated area by scanning the QR code, and automatically charges the pre-agreed fee. You can refer to How Blockchain Transforms Supply Chain Finance and Blockchain Brings Transparency to the Supply Chain.
Skuchain creates a new blockchain-based supply chain solution to synchronize the flow of goods and capital, while alleviating the problem of counterfeit goods.
Public network services [7]
The normal operation of the existing Internet is inseparable from many almost free network services, such as Domain Name Service (DNS). Anyone can query the domain name for free. Without DNS, various websites are basically inaccessible. Therefore, for network systems, similar basic services must be safe, reliable, and low-cost.
Blockchain technology has these characteristics. The DNS system based on blockchain will no longer have various wrong query results, and can provide services stably and reliably.

Insurance Industry
In the past two years, the hottest topic in the technology field has been inseparable from blockchain technology. This underlying technology, born out of Bitcoin, has proved its highly secure and reliable architecture and algorithm design with more than 7 years of stable operation. At the same time, with innovative technologies such as distributed ledgers and smart contracts, it has upgraded industries in many industries. Open up a huge space for imagination. Some industry experts even predict that blockchain technology will set off a second Internet revolution.
The financial industry has historically been the most sensitive to advanced technology. Traditional banking and securities industry giants have been investing in blockchain venture capital since 2014. The total global investment in two years has reached 1 billion US dollars, including DAH’s US$60 million and Blockstream’s US$50 million. Such a huge Series A financing. In addition to capital investment, major companies have personally participated in and promoted specific business applications: for example, the Linq blockchain equity exchange launched by the Nasdaq stock exchange in the United States has begun its issuance and testing at the end of 2015; The R3 CEV consortium formed by banks has also been testing andEntering the inter-bank clearing alliance chain between banks, the speed of action and the high degree of participation are unprecedented.
Although the insurance industry is relatively conservative in its participation in blockchain technology, it has been actively exploring and researching in the academic field. At the end of 2014, the 50-page “Chain of Life” special research report launched by the European and American insurance industry forum initiated by the famous British Z/YEN Group consulting group from various aspects of blockchain will bring the insurance industry. innovation and change.
While researching blockchain technology, I communicated with experts and scholars in many domestic insurance industries, and discussed the specific foothold of blockchain in insurance business from the perspectives of business process and company management. Readers share some thoughts on credit risk management.

7. What does blockchain + Metaverse solve

Blockchain technology can provide a solution for value transfer for the Metaverse. Blockchain technology has evolved from a single decentralized ledger application to a value transmission layer in virtual space and time, and has now realized a model for value transmission in the virtual world. With the open source application ecology and innovative business model, blockchain applications have developed and prospered rapidly, setting off rapid iterations on a global scale. In the past few years, encrypted assets have experienced large price fluctuations, and the mainstream society has different attitudes towards blockchain technology and Token. However, in terms of innovation alone, smart contracts, automatic market maker mechanisms, cross-chain, two-layer networks, etc. emerge one after another. From Bitcoin to Ethereum, to the recent hot DeFi and NFT, blockchain technology has demonstrated its efficiency as a clearing and settlement platform across time and space.

From the perspective of the metaverse, it urgently needs economic rules. The reason why Roblox changed Game to Experience is that there is no transparent economic system in the traditional centralized game rules. Krypton gold players get pleasure by abusing non-RMB players, and they are also harvested by the endless inflation in the game. The emergence of blockchain ensures that the circulation of virtual assets can exist in a decentralized and independent manner, and the rules are fair and transparent through open source code, and the emergence of smart contracts and DeFi maps real-world financial behavior to the digital world.

Lianqiao Education Online’s Xueshuo Innovation Block Chain Technology Workstation is the only “Smart Learning Workshop 2020- Xueshuo Innovation Workstation” carried out by the School Planning and Construction Development Center of the Ministry of Education of China Approved “Blockchain Technology Professional” pilot workstation. The professional station is based on providing students with diversified growth paths, promotes the reform of the combination of professional degree research, production, study and research, and builds an applied and compound talent training system.


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