Eventual Evolution of Blockchain in 2017

In 2017, more and more relevant players in Blockchain, ICOs and a lot of new services using cutting edge technology. Blockchain—— a distributed ledger technology for both financial and non-financial transactions have aroused people’s attention in 2016, then leading to a big development of applications in 2017.

Growth In Applications

With ongoing research on block chain technology, some new application areas start to explore its true value in 2017. In the sharing part, ride sharing transactions could be handled directly by drivers and passengers using the blockchain, which could then give once-disruptive companies like Uber and Lyft a run for its' money. Music sharing also appears, the artists should decide to sold or share their music, and a payment would be received through Blockchain when a song is downloaded. Rather than processed by a publishing company. In a word, the artist no longer controlled by others, they can own their money in a convenient way through the blockchain application.

In some financial eras, some big companies like IBM works to optimize financial transactions and improve trust with highly secure business networks on blockchain —— both at scale and globally, as well as leading into blockchain banking. Transactions on blockchains not only eliminate the time and labor required for reconciliations, they minimize errors and significantly reduce the time needed for settlement, which in turn lowers risk and capital requirements. On blockchains, as new kinds of verificable transaction data is captured, enhanced identity and know your customer (KYC) data could open up emerging markets to banks.

Regulatory Frameworks

“Over the past 12 months we have been working closely with HM Government of Gibraltar in developing proposals for a new regulatory framework for firms engaging in activities that use DLT for the transmission or storage of value belonging to others,” said Samantha Barrass, chief executive of the Gibraltar Financial Services Commission.

One of the most challenging aspects of giving blockchain the space to grow into what it is capable of becoming is the lack of a regulatory environment that would help countries feel more comfortable about its use. Recently, countries like Japan have gone as far as to create legislation that would regulate bitcoin in their country, while other countries have formed task forces to research what’s involved in the use of bitcoin and blockchain. In China, there have strong supervision for ICO projects, so many related projects have been stopped. These are both major first steps toward a larger global framework.

Since everything to date has been fragmented in terms of a standardized regulatory frameworkto allow blockchain to work across geographical borders, blockchain has been slow to catch on. However, there are signs that greater progress will be made across multiple countries to determine some type of regulatory process that will increase use.

Blockchain is the nucleus of the consensus network with major players like Bitcoin, Ethereum, Ripple, Hyperledger and R3 to name a few. Shuqin tech has developed an open middle tier, by fusion up the technical advances for blockchian and overcome the capacity issue of public blockchain we provided a “Blockchin+” technical solutions, and established a trustworthy electronic certificate service platform – Baoquan.com.

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WHAT WE ARE SEEKING FOR:
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• Work on the most interesting and challenging problems in the Blockchain space.
• Be a part of a Blockchain team committed to the advancing technology
• Build reusable, modular code liaries for use across Blockchains product line.
• Work on an industry-leading product with big data.

WHAT YOU WILL NEED:

• The foremost quality for this or any position at Blockchain is integrity.
• Experience working with Java, golang and relational databases.
• Thrive on learning new technologies and dont believe in one-size-fits-all solutions.
• Understand how all the pieces fit together (front-end, database, network layer, etc.) and how they impact the performance of your application.
• Familiar with IBM Hyerledger, Ethereum, siacoin or bitcoin.
• Strong attention to detail.

Our website：https://www.baoquan.com
Contact us: js@baoquan.com