What is the blockchain industry

belongs to the information technology industry, blockchain is a distributed digital ledger that records all transactions that have ever taken place and have been unanimously approved by the system, and each block is like a hard disk that saves all of this information above, and then encrypts it through cryptographic technology. This saved information cannot then be tampered with.

It can be applied in different fields as follows:

1. Financial field

Blockchain has potentially great application value in the financial field such as international exchange, letter of credit, equity registration and stock exchange. The application of blockchain technology in the financial industry can eliminate the third-party intermediary link and realize the direct point-to-point docking, thus completing the transaction payment quickly while greatly reducing the cost.

2, Internet of Things and logistics

Blockchain can also be naturally combined in the field of Internet of Things and logistics. Through blockchain it is possible to reduce logistics costs, trace the production and delivery of items, and improve the efficiency of supply chain management. The field is considered a promising application direction for blockchain.

3, public **** service field

Blockchain in the field of public **** management, energy, transportation and other areas are closely related to the production and life of the people, but the centralized nature of these areas also brings some problems, which can be transformed by blockchain.

4, digital copyright field

Through blockchain technology, works can be authenticated, proving the existence of text, video, audio and other works, and ensuring the authenticity and uniqueness of ownership. After a work is authenticated on the blockchain, subsequent transactions are recorded in real time, realizing the full life-cycle management of digital copyrights, which can also be used as a technical guarantee in judicial forensics.

5. Insurance field

In terms of insurance claims, insurance organizations are responsible for capital collection, investment, and claims settlement, which often have high management and operation costs. Through the application of smart contracts, there is no need for the policyholder to apply nor for the insurance company to approve, as long as the claim conditions are triggered, the policy will be automatically adjusted.

6, public welfare field

The data stored on the blockchain is highly reliable and tamper-proof, which is naturally suitable for use in social welfare scenarios. Relevant information in the public welfare process, such as donation projects, collection details, fund flow, feedback from recipients, etc., can be stored on the blockchain and conditionally transparent and open for public disclosure, which is convenient for social supervision.

Expanded Information

Features and Development Plan of Blockchain

Features

1. The biggest feature of blockchain technology is that it creates an integrity system of a digital society. system not only facilitates data transmission, but also makes counterfeiting difficult.

2. Another feature of blockchain technology is that it can realize the timely *** enjoyment of data and tampering. In the field of government services, the use of blockchain data *** enjoyment mode can realize the cross-sectoral and cross-regional *** same maintenance and utilization of government data, promote business collaboration, and facilitate the public to do business.

II. Development Planning

Major countries around the world are accelerating the layout of blockchain technology development, and China has a good foundation in the field of blockchain.

China has a good foundation in the blockchain field. The "13th Five-Year Plan for National Informatization" issued by the State Council includes blockchain technology, the "13th Five-Year Plan for the Development of Information Technology in China's Financial Sector" issued by the People's Bank of China, and the "White Paper on the Development of Blockchain Technology and Applications in China" issued by the Ministry of Industry and Information Technology, all of which are well known in China. The White Paper on the Development of Blockchain Technology and Applications in China, issued by the People's Bank of China, and the White Paper on the Development of Blockchain Technology and Applications in China issued by the Ministry of Industry and Information Technology, have all explicitly proposed to strengthen the basic research and development and cutting-edge layout of blockchain technology, and put forward a standardized roadmap for the development of blockchain technology in China.

Baidu Encyclopedia - Blockchain

National Supervisory Commission of the People's Republic of China - What is Blockchain?