What industry is the blockchain?

Blockchain is an advanced Internet underlying technology, which not only belongs to a certain industry, but also is used in many fields, such as smart contracts, securities trading, e-commerce, Internet, social networking, file storage, proof of existence, identity verification, equity financing and so on.

Blockchain is an important concept of Bitcoin. It is essentially a decentralized database. At the same time, as the underlying technology of Bitcoin, it is a series of data blocks generated by cryptography. Each data block contains a batch of online transaction information of Bitcoin, which is used to verify the validity (anti-counterfeiting) of the information and generate the next block.

The content of this article comes from People's Republic of China (PRC) Financial Code: Application Edition by China Law Publishing House.