With the deepening and development of policies to expand the scale of construction, due to the "along the way" many countries along, very different circumstances in different countries, economies of scale, cultural background, social environment and political system is different, many of the problems began to appear. However, due to the "block chain" uniqueness, many industries want to block chain using technology to solve their own problems, to achieve innovation and upgrading.
Along the way to adhere to consultation, to build shared principles, adhere to interoperability, cooperation and win-win principle, so that the process of globalization more dynamic, inclusive and sustainable. Mr. Xu Jingfu Valley of Wisdom, chairman of the group recently met with representatives of a number of former heads of state, and reached a preliminary technical cooperation agreement.
Promoting financial interconnectivity
one of the important purposes "along the way" is to strengthen trade between countries along. Because of different trade policy in different countries and border control, customs long time will make the whole supply chain system becomes cumbersome and expensive.
Block chain cloud-based ledger, ensure that the recording can not be copied, manipulated or forged, and may increase a number of supply chain visibility. At the same time, all the true information about goods and counterparties are stored in the block chain, which is open and transparent. This can replace the product labeling practices, greatly accelerate the clearance process, and can greatly improve trust between the parties to the transaction. This can speed up the progress of the entire transaction process, greatly reduce the time costs, the transaction process to avoid unnecessary trouble.
Reduce cross-border payment and settlement costs
"along the way" to promote the development of cross-border trade, increase the frequency of exchange of capital and create new demand for cross-border settlement. Currently, national financial institutions have their own accounting system. We need to record every transaction in the banking, clearing and reconciliation with counterparties, and so on. Resulting in time-consuming, high-cost.
Therefore, in order to address the problems of cross-border payment and settlement, and help along the way, the block chain decentralized system, open and transparent accounts, global payment and settlement for the parties to the transaction may direct end-to-pay, and not to the middle mechanism.
It can provide any money http://www.gendan5.com/digitalcurrency/btc.html for users real-time cross-border payment and settlement services. Cross-border payments will become convenient and cheap, it will also greatly promote financial exchanges between the countries along and promote cooperation and development countries.
Intellectual property protection of Chinese enterprises
data show that in the past, hundreds of Chinese companies infringed intellectual property rights in overseas investment process, foreign companies registered trademark. For example, the trademark "Flying Pigeon" bicycles registered by Indonesia, Hisense registered by Germany, the association had to be changed "Legend", because the association registered in many countries. In addition to Chinese enterprises lack long-term planning and beyond the lack of understanding of the importance of intellectual property, the cost of overseas trademark protection and intellectual property to maintain a high also increased the burden on businesses, which is why many Chinese companies to abandon the main reason for the protection of intellectual property rights.
To solve the overseas Chinese enterprises intellectual property rights infringement and trademark registration issues, you can consider the establishment of a low cost through the "block chain" technology, tamper-proof, interconnection of global public database. By each registered trademarks and intellectual property information as a "block" embedded "block chain", in the "block" is permanently confirmed, no longer need to register trademarks and intellectual property rights in each country. In addition, cross-border investment process, due to incomplete information delivery and different laws and regulations of each country, there may be some investment disputes and even fraud.
However, the technology can block chain, with its high security, mutual supervision and verification, credit endorsement of the advantages of open and transparent, so as to enhance mutual trust between the investor and the investor, to facilitate investors to make investment choices, and do not worry signed endorsement contracts in the case of credit fraud.