What is Blockchain?

If this technology is so complex, why call it “blockchain?” At its most basic level, blockchain is literally just a chain of blocks, but not in the traditional sense of those words. When we say the words “block” and “chain” in this context, we are actually talking about digital information (the “block”) stored in a public database (the “chain”).     “Blocks” on the blockchain are made up of digital pieces of information. Specifically, they have three parts:   Blocks…

New Logistic Term – Blockchain Application

Citation: When members of the supply chain system rely on the information transparency mechanism for their daily business activities, information security issues become utterly significant; On the other hand, elements of "traceability", "non-repudiation”, "unforgeability" and “non-falsification” are required among members in information transfer; for example, the factory transmits cargo information to the logistics provider. The logistics provider can understand any specific requirements of the cargo through the past records. Once the information between the factory and the logistics provider is…

Blockchain Technology Overview

Citation: Nowadays, most people trade through trusted intermediaries (such as banks), but blockchain allows consumers to directly contact suppliers without going through any third party. The blockchain uses encryption technology to secure transaction activity, and provides a decentralized transaction database that is open to everyone on the network. Essentially, the network is a series of computers and must be verified and recorded before it can be approved for making transaction.   Blockchain is a comprehensive discipline, which involves distributed computing,…

Simple Blockchain Info

1. The essence of blockchain What is a blockchain? In a word, it is a special kind of distributed database. First, the main role of the blockchain is to store information. Any information that needs to be saved can be written to or read from the blockchain, so it is a database. Second, anyone can set up a server, join the blockchain network, and become a node. In the blockchain world, there are no central nodes, and each node is…

Digital Fiat Currency Will Open The Currency Scene For Blockchain Technology Applications

The issuance and operation of digital fiat currency will completely open the currency scene of blockchain technology application, and enrich and improve the source of currency applied by blockchain technology; meanwhile, the application of blockchain technology will greatly broaden the demand for digital fiat currency, enrich and enhance The function, structure and level of the digital fiat currency account system; further, the curtain of international innovation in digital finance will gradually and comprehensively unfold from this.   Bank currency: not…

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