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How to use blockchain technology to build a new enterprise ecosystem!

Time : 19/02/2022 Author : u1ykjc Click : + -
        At present, the new generation of information technology represented by artificial intelligence, blockchain and Internet of things is gradually becoming a new driving force for promoting the development of China's digital economy and a new engine for building a scientific and technological power. Among them, the blockchain is essentially a distributed database system with cryptology technology, multi-party participation, common maintenance and continuous growth, also known as distributed shared ledger. Each account page in the shared ledger is a block, and each block is filled with transaction records. The blocks are connected from end to end, forming a chain structure. The anonymity, decentralization, openness, transparency and non tamperability of blockchain technology make it popular with enterprises and more widely used.
 
        As an underlying technology, blockchain is more likely to empower various industries. It is a key technology with high digital economic cooperation, enhanced trust, reduced time and labor costs, and can promote the prosperity and development of various industries. It can even bring disruptive changes to various industries and become a new generation of information infrastructure. From Pan finance, to smart city construction, to supply chain and traceability, "blockchain +" has begun to show its great strength in boosting the development of the industry. Here, the editor brings you a number of blockchain landing application cases, providing a mirror for enterprises to promote the landing of blockchain technology and Industrial Development:. Supply chain finance and trade finance based on blockchain are typical examples of transforming existing large-scale collaborative processes based on distributed networks.
 
        Blockchain can alleviate the problem of information asymmetry and is very suitable for the development of supply chain finance. In the supply chain, goods from the seller to the buyer are accompanied by monetary payment activities. Under the background of high credit cost and enterprise cash flow demand, financial service companies provide goods transfer and payment guarantee. The characteristics of supply chain traceability and anti-counterfeiting, transaction verification and timely settlement will solve many pain points in the existing trade finance network and shape the infrastructure of the next generation supply chain finance. The circulation chain that tracks and records tangible goods or intangible information is used to achieve the objectives of tracing the origin, anti-counterfeiting and authentication, optimizing the supply chain according to the traceability information, and providing financial services for the supply chain through the registration of each circulation.
 
        The internal logic of applying blockchain technology to traceability, anti-counterfeiting and optimizing the supply chain is that data cannot be tampered with and stamped with time stamps. The real-time reconciliation capability of the blockchain in the registration and settlement scenario and the tamperability and timestamp capability in the data storage scenario provide powerful tools for traceability, anti-counterfeiting and supply chain scenarios. A smart contract is actually a computer program that functions on the actions of another object. Like ordinary computer programs, smart contracts are also an if and then function, but blockchain technology realizes the automatic filling of these contracts without manual intervention. Such contracts may eventually replace the core business of the legal industry, that is, the drafting and management of contracts in the commercial and civil fields.
 
        The inter-bank clearing market is another extremely suitable application scenario of the blockchain. Similar to mutual insurance, the banks participating in the clearing system also have an equal relationship. However, contrary to mutual insurance, bank clearing has great market value, but it is difficult to realize. Each bank has its own clearing system. When users make payment and transfer, transactions will be formed between banks and recorded by two banks. This involves inter-bank reconciliation and settlement. According to McKinsey's calculation, blockchain technology can reduce the cost of cross-border transactions from $26 to $15 per transaction. Goldman Sachs also pointed out in a report that blockchain technology will save the capital market $6 billion annually.
 
        The pain points in the process of buying and selling property rights are: lack of transparency during and after the transaction, a large amount of paperwork, potential fraud, errors in public records, and so on, which are only a part. Blockchain provides a way to realize paperless and fast transaction requirements. Real estate blockchain applications can help record, trace and transfer land leases, house leases, liens, etc., and provide a platform for financial companies, property companies and mortgage companies. Blockchain technology is committed to safely saving files, enhancing transparency and reducing costs. For a long time, medical institutions have to endure the inability to share data safely on various platforms.
 
        Better data cooperation among data providers means more accurate diagnosis, more effective treatment, and improving the overall ability of the medical system to provide cost-effective medical services. Blockchain technology allows hospitals, patients and all parties in the medical interest chain to share data in the blockchain network without worrying about the security and integrity of data. Government information, project bidding and other information are open and transparent, and government work is usually concerned and supervised by the public. Because blockchain technology can ensure the transparency and irreversibility of information, it plays a great role in the implementation of government transparent management. There is a certain degree of information opacity in government project bidding, and enterprises also have the risk of information disclosure in the sealed bidding process.
 
        The blockchain can ensure that the bidding information cannot be tampered with, and can ensure the transparency of the information, and form a trust consensus among competitors who do not trust each other. It can also arrange subsequent smart contracts through the blockchain to ensure the construction progress of the project and prevent the breeding of corruption to a certain extent. One of the most universal aspects of blockchain technology is that it makes transactions more secure and regulation more transparent. In short, the supply chain is a series of transaction nodes, which connect the whole process of products from the supply end to the sales end or the terminal. From production to sales, products have gone through multiple links of the supply chain. With the blockchain technology, transactions will be recorded permanently and decentralized, which reduces time delay, cost and human errors.
 
        Many blockchain start-ups have entered this field: Provence is establishing a traceability system for raw materials and products, fluent provides a global supply chain lending platform, and skuchain has created some blockchain based products for B2B transactions and supply chain financial markets. The application representative of blockchain in e-commerce is openbazaar. This is an open source project to create a decentralized and unconstrained point-to-point e-commerce network using bitcoin. The platform is different from its peers. Compared with visiting shopping websites, the platform can be downloaded and directly connect users with other people who are looking for buyers or sellers of goods and services.
 
        It is understood that consumers will now be able to use a variety of digital assets other than bitcoin to shop on openbazaar. With its trustworthiness, security and non tamperability, blockchain allows more data to be liberated. Use a typical case to illustrate how the blockchain promotes the generation of big data of gene sequencing. Blockchain sequencing can use the private key to restrict access rights, thus avoiding the legal restrictions on individuals' access to genetic data, and use distributed computing resources to complete sequencing services at low cost. The security of blockchain makes sequencing an industrial solution, realizing global scale sequencing, thus promoting the massive growth of data.
 
        The data trusted blockchain data based on the consensus of the whole network is non tamperable and full of history. It also makes the quality of data obtain an unprecedented strong trust endorsement, and also makes the development of database enter a new era. The representative product of blockchain in the field of social communication is twister, which is a decentralized social network and a substitute for twitter. Theoretically, no one or organization can shut it down. Moreover, on twister, other users do not know whether you are online, your IP address, and who you are following. This is a deliberate design to protect users' privacy. Users can still use twister to publish public information, but the private information sent by users to other people is protected by encryption, which is the encryption method commonly used by lavabit.
 
        Lavabit is the email service provider used by Snowden.
 
        
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