Complex America’s Blockchain Development

①How to invest in the complex beauty

Investors should choose the complex beauty investment products suitable for them according to their own asset status and risk tolerance.

Complex Technology is a blockchain service provider, focusing on helping users in supply chain tracking, logistics tracking, warehouse management, financial management, guaranteed consumption, prepaid stored value system, social publicity and evidence preservation and other subdivisions, providing blockchain technology solutions.

② What are the blockchain companies

as follows:

At present, almost all Internet companies have started to do blockchain. Traditional financial firms are mostly involved. Pure blockchain serious companies do some technology research and development, including Yunxiang, Qulian, Taiyi; there are also public chain main chains, such as Xunlei, Xiaoyi, Biyuan, etc.

There are also many companies that are actually doing blockchain technology, such as Qulian Technology, Vientiane Blockchain, Energy Chain Group, Complex Technology, Galaxy Blockchain, Zhigui Technology, and Medical Chain Groups are all well-known and well-known companies in the industry. Internet giants basically have blockchain sections.

Over 10,000 new blockchain companies in 2020

Despite the COVID-19 pandemic, China’s blockchain industry has grown substantially. As of July 2020, more than 10,000 new blockchain companies have been established in China. The number of new companies in 2020 surpassed the 18,500 in 2019.

The continuous influx of new blockchain companies has laid the foundation for the development of my country’s blockchain industry. However, due to the rapid development of the blockchain industry, the matching professionals are very scarce, and most employers will face difficulties in recruiting people.

③ What is the overall situation of the blockchain market?

This whole market is good, and it must be considered in many aspects. Pay attention to the strength and effectiveness of the team, Baker Chain Blockchain, I suggest you to take a look. Founded in the United States in March 2017, he has a good evaluation in the industry and a good reputation.

④ Which domestic enterprises provide the underlying technology platform of blockchain

There are many domestic enterprises that provide the underlying technology platform of blockchain. At present, many domestic enterprises have already entered blockchain. Well-known ones are Wanda, LeTV Finance, Ant Financial, Ping An Bank, Minsheng Bank, Post Bank and so on.
Of course, the most substantial progress is Biying China, which introduced blockchain and digital currency into the crowdfunding industry. At present, a project has been successfully crowdfunded.

⑤ The ranking of blockchain companies must be reliable!

There are still very few blockchain unicorn companies. The development of blockchain is still in its infancy and requires a long-term development process.

If you want to do blockchain development related technologies and issues, including custom development, you can communicate with each other.

⑥ What are the more reliable blockchain companies in China at present

There are still many domestic companies that are actually doing blockchain technology, many of them are Companies that have survived the development of blockchain are all good.
Fun Chain Technology
Vientiane Blockchain
Energy Chain Group
Complex Technology
Galaxy Blockchain
Zhigui Technology
Medical Chain Group
Ant Blockchain
Network Super Chain
JD Zhizhen Chain
Xunlei Chain

⑦ How should blockchain cover other industries besides finance

Blockchain is one of the most challenging innovations in the field of financial technology (Fintech), because the blockchain fundamentally subverts the inherent logic, operation mode and business scope of traditional finance, breaking through conventions. Countless rules and regulations have stepped into a series of brand-new application fields that could not be covered before.
Blockchain is known as a disruptive technology, which will reconstruct the key underlying infrastructure of Internet finance and even the entire financial industry. Its value in the financial field is waiting for people to discover. The specific applications are as follows:
1. Application in the banking industry
Wallet and payment are the first areas where blockchain technology is involved, but this is also the traditional business scope of the banking industry. What kind of changes can the arrival of blockchain technology bring?
Cross-Border Payments – Use Case:
Circle Founded in October 2013, Circle aims to make Bitcoin “easy to operate, similar to Gmail (Google Mail), Skype (Microsoft’s VoIP) and other customers service tools,” and the company quickly secured significant financing. In mid-2014, it received an investment of 27 million US dollars, becoming one of the most well-funded companies in the field of digital cryptocurrency.
In 2015, Goldman Sachs and IDG Capital Partners led a $50 million round for Circle. In June 2016, Circle received US$60 million led by Chinese investors, and announced that it had established an independent company Circle China in China and formed a local team, and reached a strategic cooperation with the network and China Everbright.
Circle utilizes Bitcoin blockchain transactions, which can be used worldwideProvides instant, free money transfers. Circle hopes to use bitcoin as a free internet payment network to enable the smooth flow of fiat currencies around the world without hindrance. By partnering with overseas companies like IDG, Circle can provide financial services to users who use fiat currencies in various countries.
Although countries have complex regulatory structures for payment systems, progress has been made in cooperation among these countries. In April 2016, Circle obtained the first e-money license issued by the UK Financial Conduct Authority (FCA), which attracted widespread attention in the industry. Subsequently, Circle announced the establishment of a partnership with Barclays Bank and officially entered the UK market. Since then, consumers in the UK can enjoy services such as fast transfer payments and buying and selling bitcoins just like consumers in the United States.
In order to make it easier for users to use, Circle cooperates with Apple. In iOS 10, Apple’s iMessage allows users to use Circle’s bitcoin payment system. Jeremy Allaire, CEO of Circle, said: “Consumers will benefit from iMessage allowing access to payment services, where it would be difficult to install a separate app for payment, and to share with friends. The transfer and payment behavior between the two also go through a complicated setup process, but it is much simpler to connect directly to the iMessage service.”
On September 13, 2016, Circle announced that users can pay to any person in the world through iMessage. people.
The advantages of blockchain in cross-border payment: low cost, real-time transactions, high security.
Smart Bills – Application Cases:
Complex Beauty Blockchain Bills Project Bills and blockchain technology can be well combined. After adopting the decentralized distributed ledger of the blockchain, it has changed the Some system storage and transmission structures establish a more secure operation mode to solve the problem of counterfeit bills.
Through the timestamp, the process from the generation to the extinction of the bill is completely reflected, which has the characteristics of traceable history, which makes this model have a brand-new continuous endorsement mechanism, which truly reflects the transfer process of bill rights.
The domestic Hangzhou Fumei Blockchain Research Center has also initially developed an open source project based on the Ethereum blockchain lending bill exchange, which integrates multiple segments such as finance, catering, enterprise management, express tracking, etc. The concept of using blockchain technology in the field. As shown in the open source project of Complex Blockchain Network Lending Bill Exchange, the online lending exchange applying blockchain technology can complete a claimed 150,000 online transactions per second with no handling fee.
Blockchain-based bill business has four advantages:
From the perspective of moral hazard, the phenomenon of “one bill for more sales” in paper bills and asynchronous payment and endorsement in electronic bills sometimes occur However, due to the non-tamperable timestamp and the characteristics of the entire network, the blockchain will not be delinquent once it is traded, whether it is a paper ticket or an electronic ticket.
In terms of operational risk, since the electronic bill system is operated centrally, once the central server fails, it will have disastrous consequences for the entire market, and the access to corporate online banking will transfer more risks to In terms of the bank’s own network security, the entire risk chain will become longer and longer. With the distributed high fault tolerance and asymmetric encryption algorithm in the blockchain, the risk of human operation will be almost zero.
From the perspective of credit risk, with the help of blockchain data, the collection and evaluation of the credit of all participants can be realized, and real-time control can be performed.
From the perspective of market risk, a large number of asset mismatches in the intermediary market not only lead to their own losses, but also bind the interests of banks. With the help of the programmability of the blockchain, the balance between the assets and liabilities of participants can not only be effectively controlled , and can also use the characteristics of data transparency to urge the authenticity of the entire market transaction price response to capital demand, thereby forming a more realistic price index, which is conducive to controlling market risks.
Bank Settlement—Application Case: VISA
Bank Settlement refers to the act of collection and payment through the transfer of funds in the bank account, that is, the bank accepts the entrustment of the customer to collect and pay, and transfers the money from the deposit account of the paying unit , and transfer it to the deposit account of the receiving unit, so as to complete the settlement of claims and debts or the transfer of funds between customers. In this process, banks are not only the medium of commodity exchange, but also the intermediary of clearing funds in social and economic activities.
Different from domestic banks that rely mainly on the difference between deposits and loans to make profits, half of the profits of multinational banks come from the intermediate settlement business. For them, if they open up new business areas and reasonably reduce settlement costs, it is directly related to their fundamental .
VISA is the world’s largest credit card company. There is no doubt that the rise of digital cryptocurrency will inevitably impact its credit card payment business. However, VISA has not always resisted electronic currency and blockchain, but has adopted an open attitude.
2015 1In October, VISA and DocuSign jointly launched a “proof of concept” project using the Bitcoin blockchain to record and keep rental car data. The project combines DocuSign’s Digital Transaction Management (DTM) platform and e-signature solution with VISA’s secure payment technology. It allows consumers to configure rental, insurance and other daily purchases such as parking fees and tolls in the car, and pay directly with their VISA card.
Peripheral applications do not satisfy VISA. That same year, VISA partnered with Coinbase to launch the first Bitcoin debit card that can be used in the United States. On November 30, at the UnBound conference in London, VISA European Innovation Lab showed off a “proof of concept” remittance app that allows people to send money on the Bitcoin blockchain.
In September 2016, VISA launched Interbit, an inter-bank settlement and payment system based on blockchain technology in cooperation with digital payment startup BTL Group, to evaluate whether blockchain technology can be used for international transfers between banks. Reduce costs, settlement times and credit risk.
A series of major actions in the past two years can be seen: VISA has begun to recognize the value of blockchain technology and is working hard to make blockchain technology a powerful tool to expand its sphere of influence.
The advantages of blockchain in bank settlement: security, convenience and intelligence.
In addition to using blockchain technology to transform existing businesses, major banks in the world have also launched their own encrypted digital currency plans in order to reduce their operating costs.
Advantages of blockchain in banking digital cryptocurrencies: cost reduction.
Second, Securities Investment Market Application
Securities Trading – Application Case: Linq
The securities trading market is an important application area of ​​the blockchain. The application of blockchain technology can not only speed up clearing and settlement, but also reduce the number of books that financial institutions need to maintain, ensuring more accurate audit trails.
Nasdaq (NASDAQ) is the first person to eat crabs in the securities trading market. In the second half of 2015, it launched the trading platform Linq, which is based on Bitcoin trading technology for the trading of primary market companies. As shown in the figure below, Linq has the ability to record the equity transactions before the IPO of the company, and can track the company’s equity transactions, shareholder and investor information, etc., which is very valuable for asset analysis in the private market.
Nasdaq’s head of blockchain strategy, Fredrik Voss, is confident that the efficiencies provided by blockchain technology will greatly enhance Linq’s advantages as a private equity trading platform . So far, no technology has really taken people away from paper work, and blockchain technology will take it a big step forward, significantly reducing the chance of mistakes compared to manual processing.
The advantages of blockchain in securities transactions: speed up settlement, simplify accounts, and facilitate tracking and auditing.
Equity Crowdfunding – Application Case: Xiaoyi
For a long time, funding is the gap between creative ideas and entrepreneurship, and it is this gap that gave birth to the world’s first crowdfunding platform, Kickstarter. The way Kickstarter works is a typical platform business model. The users of the platform are people who are eager to create and create on the one hand, and people who have some funds and are willing to fund new ideas on the other hand. They all hope that new ideas will become reality and can be continuously promoted.
Crowdfunding platforms based on blockchain technology can raise funds by creating their own digital cryptocurrency or digital assets, and by distributing their own “digital equity” to early supporters, investors get support for startups. certificate of shares.
Blockchain crowdfunding platforms usually have a three-layer structure:
The bottom layer is the blockchain network, which builds a decentralized distributed ledger;
The middle layer is business logic Combined with the blockchain, it will jointly establish the account center, equity registration, equity certificate, equity transaction, equity management and other functions;
The top layer is the customer-oriented service provided by each crowdfunding platform.
In China, Xiaoyi is the first company to use blockchain technology to register company equity. Although this is an innovation, it is not an easy task to achieve legal compliance in our country with the underlying logic and various details and connect with the physical world. After in-depth research and analysis of the current legal environment in my country, Xiaoyi has the potential to become a practical blockchain application.
Xiaoyi is a blockchain protocol based on blockchain technology that registers, issues, manages, and trades various equity shares through a peer-to-peer network. In the initial stage, the equity of unlisted companies will be used as the entry point to provide digital share incentive schemes for startups and equity management schemes for equity crowdfunding companies.The tradability of rights, that is, “blockchain IPO”, gradually blurs the boundaries between unlisted companies and listed companies.
Advantages of blockchain in equity crowdfunding: transcending time and space constraints, optimizing crowdfunding organizations, and rationally distributing equity and interests.
Third, insurance industry application
Policy sales – application case: Bubbi aviation accident insurance
The traditional aviation accident insurance has always been subject to problems such as insurance fraud and intermediaries raising prices. As the so-called “wool comes from sheep”, it is ultimately passed on to consumers. Blockchain technology can provide effective means to solve these problems.
On July 29, 2016, Bubi Blockchain cooperated with Sunshine Insurance to launch the “Blockchain + Aviation Accident Insurance Card”, which is the first domestic mainstream financial asset to be placed on the blockchain circulation.
Most aviation accident insurance claims will only appear when the plane has an accident, so in most cases, customers who buy fake insurance are not easy to find. In order to prevent the purchase of “fake insurance policies”, Bubbi blockchain relies on its multi-party data sharing feature, which can trace the entire process of the card slip from the source to the customer’s circulation. All parties can not only check the authenticity of the card slip, but also ensure the card slip. The authenticity of the order can also facilitate subsequent processes, such as claims settlement and so on.
In order to prevent the middlemen from raising the price and passing it on to the consumers, the aviation accident insurance card is established on the Bubbi blockchain. Without the middleman, the price of the insurance card will be significantly reduced. According to the data, this product can be purchased for 60 yuan and can be used by 20 people. Each time, you can get up to 2 million yuan of aviation accident protection, which is equivalent to 2 million yuan of protection every time you spend 3 yuan.
The advantages of blockchain in the insurance industry: authenticity and transparency, information security, traceability, clear claims process, and low cost.

⑧ Which famous blockchain companies are there in China?

There are still many companies in China that are actually doing blockchain technology, such as FunChain Technology, Vientiane Blockchain, Energy Chain Group, Fumei Technology, Galaxy Blockchain, Zhigui Technology, and Medical Chain Group are all well-known companies in the industry with good technology. Internet giants basically have blockchain sections.

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