Application solutions for blockchain technology in various industries

The blockchain itself is a technology-driven industry. At present, each project has its own direction in the development of the underlying platform, but it is still not rich enough. In addition, the correctness of the direction of these projects cannot be verified.

The blockchain uses decentralized data security technology to improve data security, reduce data maintenance costs, and promote intelligent organization development. It is expected to be widely used in banking, auditing, Internet of Things, medical, notarization, copyright management, etc. in the future. Give an "overweight" rating.

The basic characteristics and application basis of blockchain technology: reliable distributed ledger.

There are many pain points in data centered storage, and blockchain skills are expected to be saviors.

The concentration of big data and cloud accounting data is relatively high, resulting in high operating power of the cloud center, increased risk of data group leakage, and all data passing through the cloud, low power and high cost.

Blockchain skills can complete the decentralized storage of data without compromising the content, and deal with the above problems. Bitcoin, supported by the blockchain, has been operating safely for nearly seven years, enough to verify the reliability of this skill.

Over the bitcoin, the blockchain will embrace the broader world of finance and society in the future.

Now, the blockchain is still mainly used in Qianyin (blockchain 1.0), and will be used in the financial category (blockchain 2.0) beyond the money and silver, and even in the social notarization and intelligence category of the financial category. Blockchain 3.0).

Overseas traditional professional giants have been laying out blockchains since 2014: the world's major banks have established blockchain alliances, Deloitte and other well-known accounting firms have developed blockchain auditing skills, Nasdaq's first blockchain securities trading, IBM Joint Samsung layout blockchain Internet of Things. Blockchain entrepreneurship is lively, covering all areas of finance, medical care and music.

Domestic emphasis on development, financial information, the Internet of Things category first benefit. Domestic attention to the blockchain has started from the middle of 2015. Entrepreneurship and capital contribution are now beginning to show signs. In 2016, related venture capital activities are expected to emerge further.

Now, there is no pure blockchain in the A-shares. From the perspective of skill-relatedness, we estimate that financial information skills and IoT vendors are expected to enter this category first.

We began to communicate that the funders were unfamiliar with the category, and even compared the blockchain with Bitcoin. There was a clear expectation difference due to the use of Bitcoin's policy to negate the use of blockchain skills. If market risk appetite increases, blockchain skills are expected to become the new TMT outlet, and the value of the topic is outstanding.

Catalyst: The central bank supports the development of digital currency, and blockchain entrepreneurship and investment events are intensive.

Risk warning: Technology landing needs to be improved, and overseas big companies compete with local technology companies.

Blockchain hopes to subvert cloud computing and reconstruct the entire social data architecture

Cloud accounting skills are one of the most disruptive skills in the past decade. Traditional IT giants HP and IBM have lost ground under the general trend of cloudization. The cloud of pay, consumption, and data storage has also brought consumers a fast experience that has never been seen before.

But cloud accounting is not perfect. As a kind of “centralization” skill, cloud accounting requires local data to be uploaded to the cloud for accounting and storage, which not only increases the operating burden and cost of the whole system, reduces the power of the system, but also makes the user's data more vulnerable to concentration. Intrusion, privacy is simpler to expose. Blockchain skills can handle these pain points by establishing a robust, credible, and secure decentralized system.

In addition to the use of pay and financial categories, the blockchain also uses tests in the areas of medical, data, copyright management, and communication, and is expected to reconstruct the data structure of the entire society.

Nowadays, the exploration of overseas blockchain skills is becoming more and more sophisticated. Giants such as IBM, JP Morgan Chase and Nasdaq are leading the transformation. The establishment of medical, notarization and communication is more and more, and the domestic central bank, ABC, Ali, Wanxiang and other giants also Shows a hobby for blockchain skills.

We believe that 2016 is the year of domestic blockchain skills, related entrepreneurial and fund-raising activities will begin to emerge, A-shares will also begin to focus on this new skill category, financial information skills and Internet of Things related targets are expected to be first coded blocks chain.

Three major challenges in data center storage highlight the pain points in the blockchain

“Big Data” combines data to facilitate large-scale violations of privacy. The Internet + Enterprise's central database has a lot of user data, and the open cloud path actually makes the data more highly rendezvous.

Once the data center is invaded, many private data may be compromised. And with the increasing privacy of people exposed to the Internet, the focus on privacy is getting higher and higher.

Blockchain technology minimizes the possibility of revealing personal privacy. With the blockchain technology, personal identity information can be seen as long as it can be seen, and the actual decentralized storage is completed.

Especially in the field of sensitive data such as medical health, the new decentralized data security technology in the future is likely to overturn the existing method of meeting big data.

Deposits and bills disappeared frequently, and financial data storage needs to be decentralized

Establishing data that cannot be tampered with is important for financial institutions to strengthen internal management. Value-related data, such as deposit balances, are increasingly attracting human tampering.

All data of traditional banks are stored in the data center, and the bank's ability to control such data is extremely strong, making internal tampering more convenient. The data indicates that although the phenomenon of tampering with funds within the bank has rarely occurred, the amount involved in a small number of cases is huge.

In addition, Sony and other companies that have touched the online payment have repeatedly experienced the loss of credit card information, resulting in major losses such as the user's credit card being stolen. Even if there is no human tampering, assuming that the central database is physically destroyed, the destructiveness of the entire financial ecosystem is enormous.

Blockchain skills build credibility on top of computers and mathematical principles to eliminate human control. The unique workload proof mechanism and consistent mechanism in blockchain skills eliminate the possibility of tampering with data.

Moreover, distributed accounting can spread the risk of damage to the central database and ensure data security. As a result, there is a high demand for blockchain skills in the financial sector.

Data cloud storage is expensive, decentralization is the actual need to reduce costs

Massive data cloud storage costs high, and Internet giants such as WeChat constrain data storage planning. Nowadays, the amount of data generated by the Internet every day is huge, and storing data in the center requires multiple servers. The purchase, operation, and maintenance costs of the server are very high.

The central system has lower processing power. All data is uploaded to the center for consistent processing, and the center load is large. WeChat recently suspended the cloud upload storage function recorded by users, because hundreds of millions of users may record hundreds of millions of GB (hundreds of petabytes), which poses a huge challenge to Tencent's bandwidth and storage capacity.

The distributed storage principle of blockchain skills is at the same time reducing the cost of power. Through the blockchain skills, each node in the system can be used as a server to complete network autonomy and reduce the need for centralized cloud data storage. Blockchain skills are used in areas such as automated auditing and IoT ad hoc networks.

Blockchain technology verification is feasible, fundamentally solve the problem of data tampering

The blockchain was born with Bitcoin. Bitcoin is a true decentralized peer-to-peer electronic money and silver trading system, and blockchain skills are the core skills to ensure the safe operation of the Bitcoin system.

Blockchain skills can ensure that the decentralized e-banking system completes self-management and eliminates the problem of identity falsification and duplication. Since its establishment in 2009, the Bitcoin system has been operating for nearly seven years, showing the reliability and stability of its skills.

In September 2014, Paypal, the world's second largest online payment network, announced that digital products in the United States can receive bitcoin payments via Paypal. Global Internet sites and service providers have a high degree of tolerance for Bitcoin. In the absence of third-party supervision and protection, only the blockchain that guarantees the security of bulk trading is only a blockchain.

Blockchain is now more important than Bitcoin. People gradually pay attention to the blockchain skills on the back of Bitcoin. Because it can complete the same completely self-organized system like the Bitcoin system, it starts to touch the nerves of large-scale funding organizations. Blockchain skills now have a tendency to be extracted from the bitcoin system and applied to other areas.

The blockchain industry is still in a relatively early stage. The existing landing applications are mainly divided into the following two directions: a new business model that closely matches the blockchain technology, and the transformation of the existing centralized business. Blockchain empowerment.

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