Value transfer for Blockchain integral application

Blockchain technology dependents highly on the scene due to its Internet property, can not be divorced from the scene to further development. But limited by the processing efficiency and standardization, blockchain technology is not suitable for high frequency scene, in order to avoid the expense of user experience. And the integral as a common means of promotion, with variety scene but low frequency. Use blockchain technology characteristics of distributed and consensus to reconstruct integral win-win ecosystem with high degree of autonomy, to eliminate the pain points.

Blockchain promote renovation for business mode

Transaction processing mode of blockchain technology has great difference compared with the traditional mode, it designs rigorous and orderly data structure at the technical level, introduced to build, share, strong supervision mechanism, and construct a set of distributed shared ledger to increase the network trust. Overall, blockchain technology is a collection of a variety of existing technologies, including distributed dynamic network (P2P), irreversible hash algorithm and consensus mechanism.

• For the P2P perspective, Blockchain system adopts distributed deployment mode for multi center, there is no subordinate relation between each center; Deploy the same system, share the same data, collaborate data validation and consistency of storage, all these will be done in the case of equal status.
• For the view of Blockchain hash algorithm, it can minimize the friction coefficient. The block is the information storage medium, each block contains the index data of the previous block, establish a blockchain, end to end. Using digital signature to ensure the authenticity, timing and integrity of the data.

For consensus mechanism, it is the core technology of Blockchain. Consensus mechanism undertook transaction verification and validation. It can solve the traditional distributed consensus problem, maintain a unified network ledger, and resist the malicious attacks, to ensure the accuracy of transactions. The blockchain consensus mechanism is widely used in the field of finance. According to different application scenarios, there are different strategies in the selection of these consensus nodes.