Credit block chain and reconstruction!
Future new world - block chain
Consensus mechanism block chain
Mention block chain, we think the consensus mechanism. Shanks preceding period of time to obtain such a definition to the live broadcast at the block chain:
Block chain is a "consensus mechanism" on spans of time!
This sentence is not a very good understanding. We first solve a problem: how to block chain of trust to solve the problem? I think it can be summed up in three words: save data, cut-off time can not be tampered with. In the technology and mechanisms block chain, we can verify the check, so trust so produced. And we also know that the more people involved in the preservation of data, then the greater the books, then this "consensus" is also more reliable.
Well, now we have to solve just that question: Why is it a leap of "consensus mechanism" time of it? In the traditional financial industry, credit accumulation is out, which means that it is proportional to the time of. We save a lot of money to go to the bank, we certainly have to look for a credible bank, how do we know if it believable? Maybe we'll check their history, found an old and famous, century-old, we are most likely to choose the bank, this is because credit is the accumulation of time, it has been the concept of a time dimension.
However, the emergence of the block chain technology has changed this concept, it appears to no longer takes time to accumulate credit, you also do not need a trusted third-party organization to do the endorsement. Block chain of trust to solve the problem through technology and the underlying mechanism, this is what we just said: it creates a time span of "consensus mechanism."
Shanks when sharing said such a sentence:
The financial industry has been eating "senior" and the center "of the meal, a span of time, the emergence of distributed credit mechanism, the entire financial industry is concerned is not reform, but thoroughly subversive.
Block chain impact on all walks of life
Of course, the first block chain have an impact on the financial sector, but the impact is not just on the financial sector.
Now the speed iterative techniques much faster than we imagined, with the rapid development block chain technology, the impact it will give the whole credit structure. What is the structure of credit it? The formation of the whole complex of social relations, social networks of human society, is composed of a network of credit.
So, if the block chain technology iteration speed is fast enough, but also has enough force operators and algorithms to support this technology, then our society will change subversive happen.