Source: Deep Chain Finance, the original title "Blockchain landing, what achievements have you made? 》
Author 丨 Fuji
- Which block is the first benefit to the blockchain?
- Xinhua News Agency Review: How will blockchain affect daily life?
- Opinion: How far is the blockchain deposit really “landing”?
- Leading the country! Haidian District applies blockchain technology to administrative approval
- Babbitt Column | Application and Thinking of Blockchain Technology in Financial Field
- Economic Reference: The "blockchain + finance" scenario is gradually unfolding whether it can be applied on a large scale.
Operation 丨 One Hundred Little Stones
What can a blockchain do?
When the blockchain is spread to the general public through the central and local media, the biggest problems faced may be the above. Jerky vocabulary and difficult to understand concepts make the blockchain naturally feel a sense of distance from the public.
In fact, not only the public, but even blockchain practitioners are concerned about the application of blockchain.
In the process of communicating with many blockchain entrepreneurs, DeepChain heard a lot of such views: "The biggest dilemma facing the current blockchain is that there is no excellent landing application."
"Without an excellent landing application, the general public cannot truly feel the existence of the blockchain in daily life, and the blockchain technology naturally cannot truly spread." A blockchain entrepreneur told DeepChain.
As the underlying technology of the blockchain, applications that can be perceived by everyone, and which everyone can use, may take a long time. However, it can be seen that blockchain applications have already appeared in people's lives and exerted their fists, as small as a note and as large as the financial industry.
What blockchain applications have landed so far?
"Blockchain Features Perfectly Enable Bill Deposit"
The first is the blockchain + bill deposit certificate.
Compared with paper bills, although electronic bills have made considerable progress, as the Internet environment becomes more and more complicated, for C-end users, ordinary electronic bills exist in e-mail, mobile phone text messages, and various APP There is no way to manage it comprehensively and efficiently.
Even if it is an electronic bill, it is still necessary to further verify its authenticity when printing reimbursement, which is time-consuming, labor-intensive and tedious.
In addition, China has always adopted a tax model of "administering taxes by ticket". In the process of authenticating tickets, complicated technical means are needed to ensure the uniqueness of electronic invoices.
With the application of blockchain technology, the problems mentioned above are solved. On a chain, both the billing unit and the billing unit can be accessed. In the entire process from generation, transmission, storage to use, as long as the blockchain electronic bill is stamped, the authenticity and uniqueness of the bill information data can be effectively guaranteed.
On September 25, 2019, Alipay and the Yunnan Provincial Department of Finance issued China's first blockchain electronic bill.
Prior to June 7, 2018, the People's Bank of China completed a blockchain check system. "Based on the analysis of digital bills and their transaction characteristics, digital inspection is performed using smart contracts." Di Gang, deputy director of the Digital Currency Research Institute of the People's Bank of China, said in a column.
In January of the same year, the Shanghai Stock Exchange was successfully launched and the digital bill trading platform was put into trial operation.
Interestingly, the Shanghai Stock Exchange is not the first institution to adopt blockchain technology. As early as January 2017, Zheshang Bank's mobile digital money order product based on blockchain technology was launched and completed its first transaction.
The transaction also marks the real application of blockchain technology in the core business of the bank.
"Blockchain will play a more important role in the judicial field"
In addition to bills, there is justice.
As early as 2016, Qianxin.com, the judicial identification platform, issued the first electronic evidence judicial identification based on blockchain technology.
On June 28, 2018, the Hangzhou Internet Court adopted the plaintiff's electronic data on the blockchain certificate provided by Baoquan. This is the first time that the electronic data on the use of blockchain technology for the certificate has legal validity.
On September 3 of the same year, the Supreme People's Court issued the "Provisions on Several Issues in the Trial of Internet Court Cases," in which Article 11 states that "electronic data submitted by the parties shall be verified by electronic signatures, trusted time stamps, and hash values. The internet court shall confirm if the technical means of collecting, fixing, and anti-tampering evidence such as inspection, blockchain, or certification through electronic forensics and evidence storage platform can prove its authenticity. "
In November this year, the nation's first criminal case of blockchain evidence was sentenced in the Shangyu District Court in Shaoxing, Zhejiang.
In this case, the defendant, Wang, defrauded 176 people in Jiangsu, Zhejiang, and Jiangxi in the name of borrowing, accounting for a total of RMB 9,993.
Although the amount of the fraud is small, due to the large number of victims and scattered across the country, if the relevant evidence is recorded in traditional optical discs and circulated between public inspection laws, it is difficult to guarantee that the data information will not be damaged or protected if it is too complicated tamper.
In this trial, the Shangyu District Court joined the Ant blockchain team to encrypt the data with blockchain technology and compare them with later hash values to ensure the authenticity of the evidence.
From the first blockchain judicial appraisal to the first blockchain evidence, from the relevant regulations issued by the Supreme Court to the country's first blockchain criminal evidence case trial.
Blockchain technology, in just a few years, with its many advantages such as immutability and traceability, has established a foothold in the legal field.
However, the pace of blockchain technology in the legal field does not stop there.
On September 9, 2018, the Beijing Internet Court's "Tianping Chain" was officially completed and launched.
On September 18 of the same year, the judicial block chain of Hangzhou Internet Court was officially launched and became the first court in the country to apply blockchain technology in trial work.
This means that as long as the parties to the dispute can submit complete and credible evidence, under the witness of the on-chain institutions, many disputes do not have to go to the court, and the two parties can directly resolve the dispute.
From subtle to comprehensive, from Hangzhou to the whole country, blockchain technology may play a more important role in the legal field in the future.
"Blockchain makes public welfare more transparent"
For a long time, many issues in the field of public welfare and charity have attracted much public attention.
The first is the opaqueness of charity money expenditure. In the early years, Guo Meimei showed off her wealth and the Shanghai Red Cross broke out "huge catering invoices" and other events, which made the public question the charity.
There is also the issue of opacity of the true information of charity events.
In 2015, the incident of “Children with severe illness in Nanjing received 6 million donations, and fraudulent donations by netizens jointly reported” has caused heated discussions. A 2016 article "Luo Yixiao, you stand still!" "The article broke the circle of friends, and then someone pointed out that this was marketing hype.
Although charity is good for the country and the people, it has been questioned because of frequent scandals. All kinds of problems can be reduced to three words: opacity.
With the help of blockchain technology, all donation information can be put on the chain, from the project, review, start donation to the payment in place, and the entire chain records. Under the decentralized, transparent, and non-tamperable technical characteristics of the blockchain, false information will be suppressed, and problems can be quickly traced back and punished.
The source, whereabouts, and purpose of the funds will also be clear. In this way, unnecessary suspicions and disputes can be reduced, and efficiency can be improved.
In addition, the blockchain's unique smart contract system can also automatically operate and feedback the entire public welfare charity project process, reduce manual intervention, and ensure the smooth implementation of the project in a fully automatic mode. This can also reduce manpower and improve efficiency.
In December 2016, the Alipay Anxin donation platform under Ant Financial Services fully introduced blockchain technology and opened it to non-profit organizations. After signing the agency, they could release public welfare projects on their own. In September 2017, JD Public Welfare also used the blockchain. Achieved the traceability of material donations.
In October of the same year, Tencent launched the "Public Welfare Tracing Chain", which uses blockchain technology to connect data links of multiple tracing platforms and enables major public welfare platforms to share information.
2018. Ant Financial has established a public welfare section, which aims to use blockchain technology to track fundraising and establish a third-party publicity system for blockchain fund flow publicity to facilitate data statistics and project execution tracking by public welfare organizations.
What's more interesting is that in November 2019, Chun'an, Hangzhou, Zhejiang opened a blockchain public welfare smart bookcase, which is based on the immutability and traceability of the blockchain technology, which enables the social donated books to more accurately match the needs of students.
"Blockchain Shows Its Skills in the Field of Logistics"
The logistics industry has developed rapidly in recent years. According to statistics from some agencies, China's logistics industry is currently close to 40% of the global share, ranking first in the world for three consecutive years.
The logistics industry has a bright future, but at the same time, the hidden problems behind it also deserve our attention.
In the logistics process, product safety cannot be guaranteed, and packet loss and replacement phenomena are constantly emerging. On the other hand, coupled with the fact that each logistics company is fighting each other, the interaction costs between enterprises are increased, and the interaction efficiency is low.
Because of this, many logistics companies choose to "escort" the logistics industry through blockchain technology.
The IBM Institute for Business Value conducted a survey of 202 transportation industry executives from 16 different countries. Of these, 14% of the first movers have already used and invested in the blockchain, and 77% of the successors hope to use the blockchain in the next 1 to 3 years. Network goes into production.
In foreign countries, Maersk, the world's largest shipping company, has established a set of blockchain service platforms based on industry business early through cooperation with IBM. The use of this platform is expected to save 40 billion US dollars annually.
On November 15 this year, world retail giant Wal-Mart announced that it would launch the largest supply chain management blockchain system ever. The system is designed to increase efficiency, reduce costs, and make budgeting and planning for the company's logistics department easier.
The major foreign business giants keep up with the times and actively explore the empowerment of the blockchain and logistics fields. In China, attempts at blockchain + logistics have already existed.
In March 2017, Alibaba and PwC reached a cooperation agreement and announced that they will use blockchain to create a transparent and traceable cross-border food supply chain.
Coincidentally, in November of the same year, Tmall International announced that it will upgrade the global origin tracing plan of the blockchain, which will cover 63 countries and regions, 3700 categories, and 14,500 overseas brands.
In addition, in August 2018, JD.com ’s blockchain anti-counterfeiting traceability platform “BaaS” was officially launched. In this way, JD.com ’s raw material production, processing, logistics transportation, and retail transactions and other data will be on-chain to ensure all information True and reliable.
"Blockchain Practice in Finance"
As one of the most centralized industries, the financial service industry has always been unable to establish an effective credit mechanism because of information asymmetry between the two parties in the transaction.
Coupled with the existence of a large number of centralized credit intermediaries and information intermediaries in the industrial chain, the efficiency of the system operation is reduced to a certain extent and the cost of capital transactions is increased.
In order to solve the above problems, many institutions and enterprises in China have launched experiments to integrate blockchain into the financial field.
As early as December 2017, China Merchants Bank teamed up with Wing Lung Bank to successfully implement cross-border RMB remittances between the three parties using blockchain technology. The business has also become the world's first cross-border cross-border RMB clearing business based on blockchain technology.
As early as October 2016, the China Postal Savings Bank portable IBM (China) launched an asset custody platform based on blockchain technology. This platform is also the first time that the Chinese banking industry has applied blockchain technology to its core business. Successful practice.
On August 16, 2017, Zheshang Bank launched a "receivables chain platform" based on the underlying blockchain technology of FunChain Technology. The platform aims to solve the pain points and difficulties of corporate receivables. Through this platform, it can help enterprises revitalize current assets, reduce payables, activate receivables, realize "reducing leverage, reduce costs", help enterprises reduce costs and increase efficiency, and alleviate the financing difficulties and expensive financing problems of SMEs.
In addition to banks, in October 2018, Tencent and Lianyirong jointly launched a micro-enterprise chain, a blockchain supply chain financial platform built on Tencent's blockchain technology. The platform also became the first selected case in the "White Paper on Blockchain and Supply Chain Finance."
Coincidentally, in January 2019, Ant Blockchain released a dual-link ant of the supply chain collaboration network based on the blockchain technology architecture. This application aims to solve the financing difficulties of the upstream and downstream of the vast supply chain, especially the small and medium-sized enterprises in the manufacturing industry.
The above five parts are just the tip of the iceberg of blockchain applications. I believe that in the future, with the further exploration of blockchain technology, blockchain technology will truly enter millions of households, and "what can blockchain do" is no longer a question that needs to be answered.
This article was originally created by Deepchain Finance (ID: deepchain-eva). Reproduction without authorization is prohibited.