In 2009, the first block of Bitcoin was born. A geek with the pseudonym “Satoshi Nakamoto” brought the blockchaintothe world. The blockchain, a distributed ledger technology, began to attract people's attention. In 2015, the Ethereum blockchain was successfully operated, and its smart contract technology widened people's imagination of the digital world. The blockchain 2.0 era came. After experiencing the 2017 ICO boom and the exchanges battle in 2018 and the first year of the public chain, how to make the blockchain bring real value and innovation, has become the third-generation blockchain5s key point.
The birth of blockchain technology ensures that information cannot be tampered with, reduced costs, enhanced security, and more protection on privacy. More importantly, this is a mechanism in which everyone can participate and avoid a strong centralization. It is a “trust" machine for human beings to enter the digital era.
Industry opportunities brought by blockchain technology applications.Trust is the foundation of asset exchange. Blockchain technology uses a new encryption authentication technology and decentralized consensus mechanism to maintain a complete, distributed, un-modifiable ledger, allowing participants to ensure the security of asset management, exchange, and related information via a unified ledger without having to know each other and build trust. This is of great significance for asset registration and asset exchange.
1、reduce the risk of trust.Blockchain technology has open-source and transparent features. System participants can know the operating rules of the system, verify the authenticity and integrity of the book contents and the history of the book construction, which ensures that the asset exchange data and history are reliable and not tampered, in order to improve the traceability of the system and reduces the trust risk of the system.
2、Improve the efficiency of asset management, exchange, and settlement.The blockchain uses distributed storage and accounting. All exchanged data is displayed in real-time on a global shared spreadsheet platform. Real-time clearing makes the exchange data more transparent and the exchange efficiency is greatly improved, thus effectively reducing the cost of asset exchange and Systemic risk.
3、Reduce asset management costs.The original asset registration and exchange often face the problems of a long process, multiple steps, and information asymmetry. The blockchain can simplify the exchange process, reduce the exchange of asset information among different asset investment institutions, which can save a lot of manpower, material resources and time, and is of great significance for improving the liquidity of asset investment value.
4、 Improve the level of intelligence.Since all file or asset information data can be represented in the form of code or ledger, smart contract and automatic exchange can be implemented on the blockchain by setting up the data processing program on the blockchain. For example, a smart contract can write an option to the agreement to ensure that the contract is automatically executed and defaulted.
In 2019, the tenth year of the birth of Bitcoin, the blockchain is calling for new assets and values to be built and run on it, to get rid of the "air currency" doubt, and truly become the value Internet recognized by billions of people. The physical world, after entering the digital age, also needs the blockchain to solve the problem of trust, in order to achieve the free flow of value and the optimal 04 Artfinity whitepaper allocation of resources. How to achieve asset tokenization has become the symbol of the arrival of the blockchain 3.0 era.