CCTV video: What can the “blockchain” of the competition layout do?

This article Source: CCTV · Video

At the Libra hearing, Zuckerberg once said, "If we don't make innovation again, we will eventually lose our leadership." Today, global giants are vying to lay out blockchains and accelerate the process of application era. So what is the blockchain? What kind of convenience does it bring to our social activities?

The video states:

1. Global giants are vying to lay out blockchains to accelerate the arrival of the application era, and digital currency is a tool for value transmission in which blockchains function. At present, the main way for investors to participate in the blockchain is digital currency trading;

2. In the future, digital currency will use a new payment tool, and no need to rely on third-party bank accounts. As long as there is money in the payment tool, it can be directly transferred and used, and it cannot be tampered with;

3. Bitcoin is a way of presenting a blockchain and is also an application;

4. The blockchain also has characteristics such as storage, traceability of commodity sources, and traceability of copyright.

5. Once the blockchain technology is mature and put into use, it cannot be compromised, destroyed or changed by any other person or entity. It will be a financial solution, and whoever masters the blockchain technology will have the wealth.