Where is the great value of blockchain technology reflected?

　　Where is the great value of blockchain technology reflected? Let's listen to the explanation of the leader of the blockchain technology research and development team of China Enterprise Tongbao.

 

　　In fact, the core of blockchain technology is to solve the problem of trust cost. Decentralization and disintermediation is the core concept of blockchain technology. Blockchain defies all the old thinking that locks our minds, it will upend the management and centralized control model of transaction execution. Blockchain loosens the reins of trust that were once firmly in the hands of various central institutions such as banks, policymakers, clearinghouses, governments, large corporations, and more.

 

　　Blockchain frees people from these old control nodes. For example, the two parties to the transaction can fully authenticate the transaction on the blockchain, without the need for a clearing center. The realization of credit should be gratuitous, much less in the hands of some centralized authority that either uses credit to tax it or manipulate it arbitrarily, playing with various forms of fees, access rights, permissions, etc. So I believe that when the future blockchain blooms everywhere, it will detonate a new era.