Guosheng Securities Song Cargill: Blockchain is suitable for four scenarios

Babbitt reported on the spot that on December 5, the "FBEC 2019 Global Blockchain Technology Innovation Summit" hosted by Gyro Finance was held in Shenzhen. Song Cargill, assistant to the director of Guosheng Securities Research Institute and dean of the Blockchain Research Institute, said that Ethereum and smart contracts will bring the Internet into the blockchain era. Smart contracts enable the blockchain to run complex transactions such as conditional performance, secured transactions, joint contracts, third-party arbitration, and multi-party signatures. There are four scenarios where blockchain is applicable, first, multi-user community; second, consensus and rules; third, online world; fourth, value exchange.