What exactly is blockchain and why is it so popular?

What exactly is a blockchain? Why is it so popular? Before we recognize this concept, it is normal to have many questions. As someone said: "It is not your fault not knowing that the blockchain, but that the blockchain has not brought direct changes to people."

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Blockchain technology, which seems to be the same as Internet technology more than 40 years ago, looks very mysterious and has triggered many conjectures. Some industry leaders have put forward their views on blockchain technology. Jack Ma, the founder of Alibaba Group, believes that the blockchain is not a bubble. The blockchain is a solution to the problems of society, data, ordinary people, governments, and enterprises. If the company can do it steadily, it will certainly bring rewards.

Li Yanhong, the president of Baidu, is also very optimistic about blockchain technology. He believes that blockchain technology is very revolutionary, but at a very early stage. Although blockchain technology has not yet been fully popularized and applied, its "potential" has already been demonstrated.

Yu Minhong, chairman of the New Oriental Education Technology Group, is also optimistic about blockchain technology. He believes that high-tech, big data and blockchain have brought an earth-shaking impact on every industry. After the original traditional industry has undergone high-tech transformation, now It is completely different; this is the opportunity for private education, especially private high-tech education companies. In other words, it seems that the education industry can also develop with the help of blockchain technology. Ma Mingzhe, chairman of Ping An Insurance (Group) Co., Ltd. of China, also announced that Ping An will enter the blockchain field.

Ma Huateng believes that the blockchain promotes a new trust mechanism through measures such as openness, transparency, non-tampering, and collective maintenance of data, which not only helps data flow and configuration more rationally, but its corresponding technical architecture and unique solutions also contribute to digital transformation The upgrading of various industries has brought innovation and inspiration.

Ma Huateng mentioned the trend of enterprises "on the cloud" and products "on the chain". He pointed out that today's blockchain is expected to emerge from the aura of "BTC", stay away from fanatical hype, start from a down-to-earth valley, and begin to climb the industry. The long slope of the Internet.

Why can blockchain attract the attention of these big coffees? This is because of the five technical characteristics of blockchain technology: distributed computing, trustlessness, time stamping, asymmetric encryption, and smart contracts. These five technical features can break the existing traditional technical barriers, or play an auxiliary and complementary role to the existing traditional technologies. For example, the combination of blockchain and finance will optimize the existing financial environment, and has huge technical advantages in settlement and clearing, eliminating all inconveniences caused by cross-border business, and at the same time, it can also prevent financial risks. Improve the quality and efficiency of financial services.

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Origin blog.csdn.net/CECBC/article/details/108901170