In recent years, more and more institutions have begun to pay attention to and participate in the development of block chain technology. From the original Bitcoin, etherfield, to various types of block chain startups, venture capital funds, financial institutions, labeled "block chain", immediately "shining." Even WeChat's circle of friends has been brushed by various articles that interpret block chains.
Just as the various types of encrypted digital currency ICO, IFO sleepless fanatical period, the major industry giants have shown indifference, whether they have long seen the red dust, no longer eager to continue in the block chain this big cake soup? But this is not the case. The technology giant has already begun its technical layout. It seems that it must do a bigger game!
Block chains will disrupt 18 industries.
The White Paper on the Development of China's Block Chain Technology and Applications, issued under the guidance of the Ministry of Information and Industry, explains: In a broad sense, Block chain technology uses block chain data structures to verify and store data, use distributed node consensus algorithms to generate and update data, use cryptography to ensure the security of data transmission and access, and use intelligent contracts composed of automated script code to program and operate data. A new distributed infrastructure and computing paradigm.
When it comes to block chains, many people associate it with Bitcoin. Many people even equate block chains with Bitcoin. However, Bitcoin is only a form of presentation of block chains, but block chains are not equivalent to Bitcoin. Block chains are the underlying technology and infrastructure of Bitcoin, and Bitcoin is a successful application of block chains, but it does not mean that block chains can only be applied to Bitcoin.
Block chain technology is considered to be the core technology that has the most potential to trigger the fifth wave of subversive revolution after steam engine, power, information and Internet technology. It has been reported that in the next 5-10 years, block chains may subvert many industries. The following 18 industries are being subverted:
First, banking.
The application of block chain technology in the financial field will completely change the transaction process and record keeping methods, thus greatly reducing transaction costs and significantly improving efficiency.
Second, cyber security
Although block chains are not a panacea for all Internet problems, they can be a powerful tool for experts and engineers, especially systems with single-point failures and centralized vulnerabilities.
Third, supply chain management
The supply chain is a complex functional chain structure that consists of suppliers, manufacturers, distributors, retailers, and users. In this chain, the mutual operation of capital flow, information flow, and real logistics is extremely difficult to coordinate. The traditional coordination mechanism relying on a single "chain owner" has encountered bottlenecks. The "de-centralizing" mode of the block chain provides a rich imagination for solving this problem.
Fourth, the area of prediction
Predicting markets requires a decentralized, open and transparent platform that is more adaptable to global user participation to change the status quo, which naturally matches the characteristics of block chains. From racing to stocks to elections, these technologies can centralize underground betting and observation.
Fifth, the Internet and the Internet of Things
The idea of applying block chain technology to the field of the Internet of Things(IoT) has existed for some time. In fact, block chain technology seems to be a suitable solution for at least three aspects of IoT: big data management, security and transparency, and the convenience of micro-transactions based on service exchanges between interconnected smart devices.
Sixth, the insurance industry
The power of technology is bringing the insurance industry more and more back to its essence: linking targets, regaining trust, and sharing. In other words, the law of large numbers in the traditional insurance industry may encounter more uncertainty and new possibilities because of technology, technology, and links.
Seventh, the Economy of Sharing
Block chains are inherently decentralized, which is highly consistent with the purpose of a shared economy. Tencent is using smart contracts in areas such as bicycle rentals and home sharing, according to the white paper on Tencent's block chain scheme, and if such smart contracts were to be used in today's hot area of bicycle sharing, it might bring new changes to the industry.
Eight, cloud storage.
Block chain technology can support distributed storage of encrypted data and is the core of collaborative cloud storage.
Ninth, charity
For charities, the transparency brought by block chain technology ensures that donors can clearly understand the direction of their own funds; Non-tamper-proof features also ensure that financial information is not tampered with; Anonymity also protects the privacy of donors.
Tenth, vote.
Block chain technology can be used for voter registration, identification, electronic statistics to ensure that only legitimate voting is recorded, and voting will not be tampered with or removed. Create an irrevocable, publicly visible record of the vote. Elections can be made fairer and more democratic.
Eleventh, government management
Government services are one of the most direct and visible areas of application of block chain technology, and enlightened Governments have therefore embarked on various block chain initiatives.
XII. Public goods industry
Internet culture itself has the genes of equality, openness, and mutual assistance, and it is very compatible with the characteristics of public welfare.
Thirteenth, the medical profession
Health is another industry that relies heavily on the old system and needs to change. A major problem for hospitals is the lack of safe storage of data. Medical and health information sharing, transparency of medical processes, liability for medical malpractice, smart contracts for payment and insurance, etc..
XIV. Energy management
Information interaction, control and scheduling of smart grids, and collaborative control of distributed power supplies are all obstacles to the successful landing of the energy Internet, and block chain technology is trying to solve these problems.
Fifteenth, online music
The importance of music copyright is self-evident for online music platforms. Having more copyrights means capturing more users, and the platform can therefore have better development opportunities.
Sixteenth, retail trade
You need to trust the retail system when you shop. Decentralised block chains can make a difference in retail, and buyers and sellers can connect directly without middlemen and fees.
Seventeenth, real estate.
Block chain technology, which is said to change the way the real estate market operates, can combine many complex processes and examples that real estate companies typically deal with, speed up the trading process, reduce fraud, and provide more transparent and secure transactions for each participant.
Number 18, your profession.
If your industry is dealing with data or any trading system, it is likely to be disrupted by the chain of blocks, which is an open and open area.
