What exactly is blockchain? Is blockchain digital currency legal? Analysis of the advantages and prospects of the development of my country's blockchain industry

With the introduction of the Guangzhou Blockchain New Deal, the development of the blockchain industry has entered a new level. Many friends do not understand the concept of blockchain, and secondly, what are the advantages of the development of the blockchain industry ? What are the development prospects?

With the introduction of the Guangzhou Blockchain New Deal, the development of the blockchain industry has entered a new level. Many friends do not understand the concept of blockchain, and secondly, what are the advantages of the development of the blockchain industry ? What are the development prospects? Today we will talk about the relevant knowledge about blockchain.

What exactly is blockchain

Generally speaking, blockchain is a new application model of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm. To put it simply, the blockchain is a super ledger used to record public data. It has the characteristics of non-repudiation and non-tampering.

Is blockchain digital currency legal?

At present, the Chinese government has not recognized its legal status for blockchain digital currency. In September, in conjunction with various official departments such as the Central Bank and the China Banking Regulatory Commission, documents were issued to prohibit the trading and circulation of digital currencies in China. Therefore, the so-called "blockchain digital currency" represented by Bitcoin is illegal in my country.

From the current situation, almost all investment projects under the banner of "Blockchain" are in a gray area. They are often suspected of fraud and illegal fund-raising and other illegal criminal activities, and they must be vigilant.

What industries are involved in blockchain

The blockchain is essentially a decentralized database, which is a technology in the big data analysis industry. It is currently used in the financial field, the Internet of Things and logistics, as well as the public service and insurance fields.

1. Financial field

The application of blockchain technology in the financial industry can eliminate the third-party intermediary link and achieve direct peer-to-peer connection, thereby greatly reducing transaction costs while quickly completing transaction payments.

2. The field of Internet of Things and logistics

Blockchain is applied in the field of Internet of Things and logistics. The layered structure of a scattered network connected by nodes can realize the comprehensive transmission of information in the entire network. Can reduce logistics costs and improve the efficiency of supply chain management.

3. Public service area

In the public service field, the blockchain can realize the query and resolution of domain names through the point-to-point data transmission service between nodes in the network. In turn, it can be used to ensure that the operating system and firmware of an important infrastructure have not been tampered with and can monitor the status and integrity of the software.

4. Insurance

In terms of insurance claims, the application of smart contracts on the blockchain does not require the application of an insured person or the approval of an insurance company. As long as the claim conditions are triggered, automatic policy claims can be realized. Furthermore, it can be seen that the application of blockchain in various industries is very extensive.

5. Intellectual property protection

The professional's own work is placed on the blockchain, and if someone uses his work, he will know immediately. The corresponding royalties are also automatically paid to the creator. Blockchain technology not only protects copyright, but also helps creators better and more directly sell their works to consumers, without the assistance of the distribution company.

What are the advantages of developing blockchain

Blockchain can not only record data information, but also have more functions. "In the field of blockchain + finance, through the use of blockchain tamper-resistant special effects, you can technically guarantee the authenticity and consistency of data and transaction rules, thereby controlling financial risks more efficiently, reducing financing costs, and improving financing. Scale to solve the financing problems of SMEs.

Since the blockchain system involves automatic transactions of a large number of assets and data, security issues are very important, and security should also become the rigid needs and infrastructure of the blockchain system. Faced with the blowout development of related industries in the blockchain field, the security problems of the blockchain will become more and more prominent.

For example: Chengdu has many years of industrial development foundation in the information technology, software, and Internet industries. The industry cluster effect is outstanding, the industry is ecologically healthy, and the atmosphere of innovation and entrepreneurship is strong.

Chengdu Municipal Science and Technology Bureau supports major technological innovation and application demonstration projects in Chengdu technology-based enterprises, giving a maximum of 2 million yuan in funding support; supporting industry leading enterprises to join upstream and downstream enterprises in the industrial chain, and related industrial functional areas where colleges and universities are located to implement industrial cluster collaborative innovation The project will be funded with a maximum of 10 million yuan.

Analysis of the development prospect of my country's blockchain industry

From a domestic perspective, the State Council issued the "Thirteenth Five-Year Plan" National Informatization Plan in 2016, which listed blockchain technology as a strategic frontier technology. In June 2018, the Ministry of Industry and Information Technology issued the "Industrial Internet Development Action Plan (2018-2020)" to encourage the application research and exploration of blockchain and other emerging cutting-edge technologies in the industrial Internet.

Many experts and industry insiders believe that in China's blockchain industry, companies in various fields have already expanded from upstream platform services and security services to downstream industrial technology application services to industry investment and financing, media and talent services to ensure industrial development. Basically complete, coordinated and orderly, and jointly promote the industry to continue to move forward.

The technological development focus of the Western blockchain is the public chain, and the application and industrial development focus is on financial innovation based on the public chain, while the development of the Chinese blockchain technology is the independent and controllable alliance chain, and the application and industrial development is the district. How the blockchain serves industrial economy, government services and social governance.

The above is about the legal content of the blockchain digital currency and the advantages and prospects of the development of my country's blockchain industry. It is rarely introduced, you can refer to it.