The ministry of industry and information technology of china released the ‘2018 china blockchain Industry white paper’

As of the end of march 2018, there were 456 blockchain companies whose main business was blockchain business in China, and the industry initially formed a scale. From the upstream hardware manufacturing (bitmain), platform services, security services, to the downstream industrial technology application services, to investment and financing, media, and human resources services that support the development of the industry, companies in various fields are basically complete. The blockchain industry chain already formed.
“The blockchain industry in china is currently in a period of rapid development. entrepreneurs and capital continue to influx, and the number of companies has increased rapidly.” Equity investment can better reflect the attention and support of social capital to the industry. Director of the white paper compilation committee and director of the institute of industrial economics of the ministry of industry and information technology, Yu JiaNing, said that As the practical speed of blockchain technology is also accelerating, the market is beginning to be rational. Investors are more willing to invest in projects with specific usage scenarios. It is expected that the investment in blockchain will be a peak period this year.

The beginning of the blockchain

Bitcoin is the first application of the blockchain. Its irreversible, decentralized nature makes it popular with people and is called digital gold. And I have recently learned that a digital currency, xaurum, is also linked to gold, combining the blockchain as a currency with strong value growth. But there is no doubt that blockchain development has been pursued by people.
The booming development of the blockchain industry is exciting, but many industries have problems with information asymmetry. Linkages are not smooth across all links, leading to a significant increase in costs. For example, the problems faced by the traditional supply chain industry include:

1) The supply chain is cross-regional and difficult to track:

2) Lack of transparency between supply chains and fragmentation of information flow:

3) Data security risks of different companies in the supply chain;

4) poor effectiveness of capital flow transmission;

Vechain is a BaaS (Blockchain-as-a-Service) service provided by K+N, the largest freight forwarder in the world. It uses blockchain technology to start from the storage segment and conducts cargo assets for the major global brands it serves. Tracking management. On the premise of guaranteeing data security and privacy, CD-Link can realize the deployment of a common service platform and achieve direct connection with different customers. This is achieved by using VEN (vechain token).

What combination of traditional blockchain concepts is worth looking forward to?

1. Business Services

A good company not only needs good products and services, but also the management and operation of the company are equally important. There are many industries currently serving businesses that have great potential, but they are still not very efficient. Dynamic helps more secure, efficient, and profitable by providing enterprise blockchain solutions.

2. Privacy protection

In the age of the Internet, the importance of data is self-evident. I believe we have not forgotten the events that caused Facebook’s disclosure of user information some time ago. Therefore, people began to want to protect their own information. Anonymous transaction became one of the requirements. The anonymous digital currency is: Dash, Monero, Stealth.
The blockchain will continue to develop in 2018, and the changes will exceed people’s imagination.

评论

发表评论

此博客中的热门博文

Can XinFin Network contribute to international trade?

As we all know, global trade relies too much on manual processes and is therefore inefficient. Blockchain technology has brought a new solution to the problem of global trade. Not only is the immutability of recorded data less trade friction, but its global peer-to-peer network also promotes data sharing. Bringing greater security and efficiency to global trade. But given the current complexity, implementing this technology for trade compliance requires significant changes to the status quo. However, there is still a long way to go to truly implement this technology in international trade. According to statistics, the total value of goods transported each year is as high as 4 trillion US dollars, of which 80% of daily necessities are transported by sea. If the international supply chain is optimized, global trade will increase by nearly 15%, thereby promoting economic growth and increasing employment opportunities. The XDCE  protocol is an initiative of XinFin.org to build a h...
阅读全文

Good news for dash coin price today-Close to paypal trading level

New research from the Arizona State University (ASU) Blockchain Research Laboratory shows that the Dash network can easily scale to more than half of PayPal's current transaction level in the chain. The study concluded that Dash can easily be extended to 10mb blocks with a 0.1% orphan rate. ASU's paper on Dash block propagation shows the long-term viability of a chain extension approach to growing payment networks. Based on this research and preliminary investigation of future research, Dr. Tapp is optimistic that Dash can effectively expand beyond the research's 10 mb block size. This is good news for dash, but dash coin price today  has not risen. DASH can handle transactions faster than Bitcoin or almost any other cryptocurrency. DASH transactions can be confirmed in one second or less, making DASH encryption an ideal choice for industries with cannabis payment needs, such as the marijuana industry. A large number of merchants have accepted DASH as a payment. In fact,...
阅读全文

Refereum： Earn income while playing games

In theory, blockchain is not a very innovative technology. It is more inclined to a new application mode that combines distributed data storage, peer to peer transmission, consensus mechanism, encryption algorithm and other computer technologies. So I think technology will never be its focus, the application model is! From the existing solutions or applications, the combination of game and blockchain technology is mainly at two points: asset circulation and platform. Asset circulation The virtual assets such as tokens in the game are distributed as digital assets based on the blockchain. The advantage is that the circulation is more convenient and the cost is lower. Platform This is the decentralized e-sports platform on Ethereum – based on the decentralization of blockchain technology to solve the trust problem of the central platform, and use smart contracts to solve the problem of bounty payment. A bit like the nature of gambling, compared with the current gaming platform...
阅读全文