application scenarios of blockchain

In the 18th group study of the Political Bureau of the CPC Central Committee, General Secretary Xi Jinping stressed that "the integrated application of blockchain technology plays an important role in the new technological innovation and industrial change". In the fourth industrial revolution with information technology as the main feature, how to seize the first opportunity, how to help the industrial reform in the digital process of blockchain? This paper delivers industry information for blockchain practitioners and users from five scenarios of the practical application of blockchain, so that readers can understand the blockchain industry from multiple levels and dimensions, so as to make their own correct judgments.

Blockchain (Blockchain) is a distributed ledger (database) technology that connects blocks of data in an orderly manner and cryptographically guarantees that they cannot be tampered with or forged. Generally speaking, blockchain technology can realize the openness, transparency, non-tampering, non-forgery and traceability of all data information in the system without third-party endorsement. Blockchain, as a low-level agreement or technical solution, can effectively solve the problem of trust and realize the free transfer of value. It has broad prospects in the fields of digital currency, transaction settlement of financial assets, digital government affairs, and data services for depositing and anti-counterfeiting certificates.

Digital currency

After experiencing physical objects, precious metals, paper money and other forms, digital currency has become the direction of development in the era of digital economy. Compared with physical currency, digital currency is easy to carry and store, low circulation cost, convenient to use, easy to prevent counterfeiting and management, break regional restrictions, better integration and other characteristics.

Bitcoin is an electronic cash system that allows both parties to transfer money directly to each other without any third party transfer or arbitrat

to top