The blockchain industry is ushering in a new wind mouth in the market, the development of the blockchain industry, what are the bottlenecks?

Blockchain technology is a new distributed infrastructure and computing paradigm that enables distributed ledgers to be ****ed, copied and authorized. It is characterized by multiple points of *** knowledge and is difficult to tamper with. It solves the problem of how to enable cross-institutional trust transactions in a commercial network, connecting all parties involved in financial services, and poses the challenge of breaking down data silos and improving data quality. It has the potential advantages of security, reducing transaction costs. It enhances risk control and has a broad application prospect in the financial field. The blockchain industry is ushering in a new wind mouth in the market, and there are some bottlenecks in the development of the blockchain industry. Only by breaking through these bottlenecks can we usher in the spring of blockchain. Bring better development.

First of all, blockchain technology faces legal problems. Blockchain technology is bound to challenge the existing legal framework. It is mainly about the legal issues of distributed ledger. The blockchain system is essentially a software system in which defects inevitably exist. When software flaws lead to errors or inconsistencies in ledger data, there is a need to delve into the legal aspects of how data is collected in a distributed ledger. The current legal framework does not yet cover the fundamentals of blockchain and there is no sound legal basis for the implementation of smart contracts. In addition, in the application of blockchain technology, how to avoid the leakage of sensitive information and personal privacy caused by the *** enjoyment of ledger data*** also needs to be regulated from the legal level.

In addition, blockchain brings privacy protection issues. Blockchain has achieved disintermediation and distrust, but it still needs to solve many problems caused by information asymmetry between the two parties to a transaction. This requires a set of information disclosure mechanisms that provide multi-dimensional and three-dimensional disclosure of identity and reputation related information. Most current applications require communication capabilities. If the communication function of blockchain applications is still based on centralized servers, it is not only impossible to protect privacy, but also difficult to establish smart contract relationships directly.

Finally, the development of blockchain technology will bring certain security problems of the network. It is important to emphasize and solve the problem of information security and network security. Blockchain technology is not inherently secure. Any software system will inevitably have flaws and vulnerabilities and will face attacks from the network. Poorly designed and poorly managed blockchain systems may be vulnerable to attack. In financial industry applications, data is an asset, so we should have a thorough understanding of blockchain security and prioritize security design and self-control first and foremost to avoid incidents of bitcoin theft.