From the beginning of 2018, the blockchain became a hot topic with the A-share market. However, in the face of the recent continuous limit of the concept of stocks, to many followers who are ready to enter the blockchain tide poured cold water. Why is the blockchain hot? This new concept has no impact on the development of the instrument industry. Is it a new opportunity or a trap? The financial derivation of investment opportunities seems to give everyone a chance to share the dividends of technological change, but in reality, it is more of a trap for speculators. Will the retail chain blockchain be the biggest investment joke of the year? First understand the concept of blockchain, blockchain is always compared with Bitcoin. On October 31, 2008, a person named "Sino Satoshi" sent an e-mail in a crypto-mail group stating that "I've been researching a new electronic cash system. It's completely peer-to-peer. Any trusted third party." He introduced a new system using Bitcoin as the currency of the transaction. In the process of blockchain application, the “Yihanghui†Enterprise Research Institute believes that virtual digital currency is only one of its application scenarios. The blockchain is expected to be used in many fields such as supply chain management, food safety, and information dissemination. The blockchain technology is also expected to be used in the future e-commerce process of the instrument industry. Information experts call the blockchain a machine that creates trust. They describe what will happen in the near future: All electronic contracts embed digital codes and store them in a transparent shared database where they are protected and never deleted, falsified, and revised. In this scenario, every protocol process, task, and payment that each of us performs in the Internet world can be identified, verified, stored, and shared. The offline trading of instrument industry depends on the traditional contract issuance. With the development of blockchain technology, electronic contracts will be gradually applied to replace paper contracts. Instrument Trading Platform of “Yi ShangHui†and China’s leading electronic signing company “Yi Yun The chapter has taken the lead in establishing strategic cooperation and applying electronic contracts to the instrument channel e-commerce transaction process, which has effectively solved the era of legal effects of instrument procurement BBT platform procurement vouchers. The core value of the blockchain is mainly the change in the server. This is very different from the Internet. Internet technology is on a centralized server. These servers are often controlled by large Internet companies. However, this data storage method has problems such as security loopholes. This is a risk for users. Sex, and blockchain is a distributed server will be much better. The blockchain is that each terminal will become the center of operation and interaction, and no longer operate with the server as the center. Structurally, it is a qualitative leap. Future trading nodes in the instrument industry will also change. In the PC era, relying on web portals, the mobile Internet era, WeChat, and the public number became traffic portals. The application of blockchain technology will turn each terminal into a data interaction center. As a result, the blockchain is seen as the fourth technological revolution after the steam engine, power, and the Internet. At present, many people are still questioning the blockchain, but recently the technical talents of mainstream Internet companies have started to join in the blockchain startup process. It can be seen that the technical talents recognize the blockchain technology. There is also the layout of large-scale investment institutions, such as Real Grid, PreAngle, Sequoia and Hongtai. This means that the blockchain has been gradually transformed from the very beginning of a conceptual thing, and it has taken a real exit. It is more than just a guess or prediction, it has been from the capital level to the usage level. Blockchain is a "distributed business logic" The "Yi Shang Hui" Enterprise Research Institute believes that blockchain is not only a technology, but also a kind of logic. Also known as "distributed business logic," blockchains are fundamentally different from previous and current business models. In general, the characteristics of this "distributed business logic" have the following three points: First, the confirmation of the terminal. The Internet has always been, whether it is WeChat, Weibo, we use the ID ownership of the platform or the individual? There has been no conclusive, but on the blockchain: Everyone's data, ID, etc., belong to the individual's own. If they are called, they need to ask for your consent and even pay you. Internet copyright cannot be defined, but with the support of blockchain technology, content-related data assets can be recorded. Each piece of information is a technical data record. It can prove who or what the product or information is, and it is copyrighted. If there is someone who can be referred to for reprinting, the product or information content must be clearly marked as to who the original author is or if it needs to be paid to the author. This is also the protection of the intellectual property rights of the author. Second, the behavior of the assets. In the Internet, we often get some data incentives. For example, dropping a taxi, you need to praise the master star, these praise is a reward on the data. However, these are just data in the Internet and have not become assets. But in the blockchain world, people's behavior can become assets and can be recorded. For example, after I purchase a product, I will evaluate the supplier. The evaluation itself is credit accumulation. At the same time, it will help others forward the product and advertising content. The platform will abide by the smart contract, automatically return a coin to me, and give corresponding rewards to the forwarding behavior. While the currency itself can also be traded on the exchange, there is room for appreciation. In essence, it is a kind of futures. Third, the circulation of smart contracts. For example, when companies talk about cooperation projects, they will constantly change the contract, and the other party will continue to play for their own rights and obligations. This may be complicated and inefficient. But in the blockchain world, contracts are negotiated by the code itself, and they are automatic contracts that can take effect automatically. From the development stage, the entire blockchain field is still in its initial stage of development and there is a huge bubble. This is mainly a question of participants. For example, many participants are mostly non-qualified investors. They do not understand what a white paper is, do not understand what a blockchain is, and just play various concepts and collect money from it. This is the biggest bubble at present. Whether there is any innovation in the investment of blockchain in the instrument industry, the “Yihanghui†Enterprise Research Institute thinks that it can be considered from the following three aspects: First, the instrument industry data asset projects, because the transaction and payment itself is a digital asset, so bitcoin will be so hot, whether it will generate tokens in the instrument industry, it is conceivable. Second, the instrument is related to the contract in the traditional trading process. For example, financial services related to agreements and bills have opportunities for innovation in the blockchain. Third, instrument industry content production, copyright, and personal information data management and other subdivisions can all use blockchain technology to innovate and have more business opportunities. In short, blockchain technology is a disruptive technology. The “Yeshanghui†Enterprise Research Institute believes that such a development cycle may take 3 to 5 years or even less, from the development of technology to the landing of applications. For the instrument industry, more attention should be paid to the development of the blockchain and timely development.
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