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  • How will blockchain technology affect business operations?
  • 2018.12.05
  • Blockchain technology has a significant impact on companies. At the Blockchain Research Institute,  there are 70 projects studied on this topic.

    For the company's chief financial officer, now everyone is familiar with double-entry accounting, but we can introduce a third project with blockchain technology by adding a timestamped receipt for a transaction. By this triple-entry accounting, all accounts in the company can be audited in real time, so a CFO does not need to review at the end of the year.
    There will also be a Chief Legal Officer, an Ethereum blockchain developed by a Canadian who can implement smart contracts, self-executing and handle agreements on issues such as execution, management, performance, and payment. Many social activities are based on contractual conclusions, either formal or informal. These contracts have a significant impact on becoming smart contracts. Think about what does this mean for lawyers? The company's marketing department and legal department will be affected by this.
    There are also chief operating officers who usually manage the supply chain. There will be revolutionary changes after becoming a blockchain in a supply chain. Therefore, all managers should keep an eye on this technology.
    The blockchain is very disruptive. What should companies do to make use of this technology without being subverted?
    This topic is critical. If you resist or ignore it, it can become a dangerous thing. Instead, it may become a powerful drive for the company's development. For example, when doing surgery, use a scalpel and do not use a saw. The current mainstream approach to blockchain applications is more inclined to use saws.
    As a person, why should you care about this technology, how to use it?
    For example, in the city of Toronto, there are nearly 1 million Chinese living, they will send money to relatives and friends in China. Toronto is a vast market. Traditional remittance agencies charge them a higher fee, but you can now do it through the blockchain platform, which requires only 1% commission and 7 minutes. From this example, we can see that peer-to-peer asset flows can bring about transformative changes to these families.
    If you are a musician and don't get a reasonable reward, you can use the blockchain technology platform. He can also protect privacy. Once the block identity appears, you can put all the information into the block, including transaction information, educational information, medical information, social media, etc., all in your identity, controlled by you and monetized. You can decide how to use this data.
    This technology will soon have a vast and far-reaching impact on our lives. The first generation of the Internet, the information Internet, brought us wealth, but it exacerbated social inequalities and led to a series of social problems. In the value of the Internet, we can pre-allocate wealth through the democratization of the wealth creation process. The Internet has changed the way wealth created from the beginning, allowing more people to participate in the economy and get reasonable compensation.

    Is there any adverse problem with this technology?
    There are indeed many negative issues, such as the government may use this technology to control the public. It may bring institutional unemployment and criminals will use this technology for profit. However, technology can learn on its own, and they may learn to do other things, The last development into a virus is also worrying. Technology can't bring prosperity, and humans can. The blockchain gives us an opportunity to solve many severe problems, depending on how humans use them.

    How to use the blockchain to save "Trip share"?
    The blockchain is a new application mode of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm. Based on blockchain technology, code and machine instead of labor, can be regulated from the source, achieve credit certification, ensure the evaluation is accurate, the process is transparent, and the results cannot be falsified, and such events will be largely avoided.
    Of course, technology can never solve all problems, only to prevent and reduce these problems. Although blockchain technology is still in its early stages of development, it is impossible to rely on predictions in the future, but on human practice.
    UChain: The era of sharing economy 2.0 is coming
    The transformation of the blockchain to the sharing economy is not just a paper-based discussion. The first public infrastructure blockchain project, UChain, designed for the global sharing commercial network, is being implemented as a flagship of the era of shared economy 2.0.
    A collaborative network with consistent goals

    UChain is a complete decentralized structure. In this kind of network structure, all parties are entirely peer-to-peer cooperative relationships rather than competing relationships. Everyone achieves a goal-consistent collaborative network and realizes decentralized operations through community autonomy to maximize benefits. There is no one being able to exercise complete control over resources.
    Take car sharing as an example. In the ecology of UChain, it can be roughly divided into three categories: passengers, drivers, smart contracts:
    Passengers play as the service consumer. Through the blockchain technology, the driver's credit history and detailed information are learned, the travel cost is determined by the pricing established by the supply and demand relationship, and the travel experience can be recorded transparently and transparently on the public account book, and has its data right.
    Drivers as the service provider, usually rely on their behavioral records to obtain credit ratings, determine the cost of services through pricing defined by supply and demand relationships, and receive incentives through good behavioral records, while having their data.
    Smart Contract: "Machine AI." The "Evil" and "Drillers" respond promptly and quickly through pre-agreed conditions, and rely on the terms of the contract to automatically complete the transaction, without the right to view the data of the other two parties.
    As the blockchain describes: the blockchain makes people's connections become trustworthy and cooperates on this trust; the value of cooperation, or wealth, flows more to ordinary participants instead of a centralized node.
    | An ecologically autonomous sharing community

    In the map of sharing economy, everyone can be a connection point. For example, in the field of car sharing,   our "supply and demand" can complete a connection base on the idle care availability and trip demand. UChain connects points and points through decentralized technology and fully mobilizes the sharing and co-construction of members around the world through operations within the community to achieve sharing ecological autonomy without the need to pay expensive channel fees and valuable personal information to centralize the platform (such as Didi).
    In the ecology of UChain, there are mainly the following roles:
    1. UChain: Infrastructure provider, as mentioned below.
    2. Users: Service Providers and DApps can also provide idle resources to earn rewards.
    3. City service providers: Local shared enterprises and service providers, through cooperation with UChain, provide local shared resources and operational services. At the same time, the problems of community management and arbitration for offline drivers and passengers are all handled by urban service providers (of course, the sharing enterprises must also do the driver's access audit and performance enforcement), which not only avoids the countries and regions. Cultural differences, but also minimize the impact of local policies and regulations.
    4. Independent Developer: Contribute to UChain infrastructure and DApp development.
    These roles are independent of each other, but they are connected, forming a connection point that together constitutes UChain's sharing economic map.
    In this powerful shared network, technical matters are handed over to UChain, and community management and arbitration issues for offline drivers and passengers are handed over to city service providers or shared companies, and multi-party governance is achieved within the framework of existing laws and regulations. ;
    So how does UChain meet the value creator (connection point)?
    1. Users have data sovereignty and credit system. The internal credit information system can realize community autonomy and regulate user behavior. Value creators do not need to submit deposits and data sovereignty;
    2. Idle goods are registered and confirmed by UChain, and the chain is rented to other people, which can share the rental income, help users revitalize their assets, realize circulation, and truly achieve the purpose of sharing the economy.
    3. With the efficient operation of the system, the UChain system contains no intermediaries, but still has an incentive mechanism to encourage users who contribute to the network and honest drivers & passengers to operate through the community.  These are the methods to improve operational efficiency, increase user engagement and activity, and motivate the ecology to develop in a better direction. This system is due to the model design of UChain, which is “the wool is on the dog,” the value of UChain is the “dog.”
    To give a simple example, suppose that passenger A is sitting on a drip, paying 9 yuan, dripping 1 yuan, and the driver is getting 8 yuan. Similarly, passenger A travels with UChain and pays 8 yuan equivalent UCN. The driver receives 8 yuan equivalent UCN, and if passenger A and driver perform well, they can get a specific UCN reward! Expressed in tabular form is more intuitive:
      Didi(RMB) UChain (equivalent UCN)
     Actual passenger expenditure 9 8-reward
     Driver's actual income 8 8+reward
    In other words, UChain achieves distributed autonomy. In UChain, everyone is the creator of value, and at the same time is the enjoyment of value creation. Users achieve community autonomy through self-motivation and self-development. In UChain, shared assets can be easily .
    exchanged and circulated, which truly reflecting the value of shared assets to achieve a sharing economy 2.0.
    | A high performance, high concurrent shared network

    In the era of centralization, the sharing economy has extremely high requirements for the response speed of the centralized organization; in the era of sharing economy 2.0, UChain also has a high-performance and high-concurrency shared network, which has the following three advantages:
    Consensus algorithm: Ripple Consensus Protocol   algorithm has passed rigorous testing and applied in the global financial system. UChain temporarily adopts the same algorithm and will launch a specific sharing economy proprietary consensus algorithm in the future.
    In terms of smart contracts, UChain's main network is compatible with smart contracts written in languages such as C++, Solidity and intelligent contract systems that support multiple nested structures. In the future, UChain main network will adopt a self-developed consensus algorithm, and TPS will get an exponential increase.
    Distributed hash data storage: UChain’s distributed data storage is based on DHT (Distributed Hash Table) storage protocol, where data is indexed by file content (Hash) instead of file path (URL), so that large files can be divided into fixed-size data blocks and stored in a parallel storage on multiple nodes, which undoubtedly guarantees security (one node cannot get all the information).
    As the world's first sharing economic blockchain project, the UChain ecosystem is built by users, application developers, enterprise servers, and node providers. These roles are coordinated by UChain's powerful network to achieve ecological autonomy . The value transfer makes UChain a powerful global ecosystem. Only in this powerful ecosystem can we use blockchain technology to greatly reduce the probability of occurrences such as Didi homicide and Facebook data leakage, realize value interoperability and create a wonderful sharing economy 2.0 era.
  • How will blockchain technology affect business operations?
  • 2018.12.05
  • Blockchain technology has a significant impact on companies. At the Blockchain Research Institute,  there are 70 projects studied on this topic.

    For the company's chief financial officer, now everyone is familiar with double-entry accounting, but we can introduce a third project with blockchain technology by adding a timestamped receipt for a transaction. By this triple-entry accounting, all accounts in the company can be audited in real time, so a CFO does not need to review at the end of the year.
    There will also be a Chief Legal Officer, an Ethereum blockchain developed by a Canadian who can implement smart contracts, self-executing and handle agreements on issues such as execution, management, performance, and payment. Many social activities are based on contractual conclusions, either formal or informal. These contracts have a significant impact on becoming smart contracts. Think about what does this mean for lawyers? The company's marketing department and legal department will be affected by this.
    There are also chief operating officers who usually manage the supply chain. There will be revolutionary changes after becoming a blockchain in a supply chain. Therefore, all managers should keep an eye on this technology.
    The blockchain is very disruptive. What should companies do to make use of this technology without being subverted?
    This topic is critical. If you resist or ignore it, it can become a dangerous thing. Instead, it may become a powerful drive for the company's development. For example, when doing surgery, use a scalpel and do not use a saw. The current mainstream approach to blockchain applications is more inclined to use saws.
    As a person, why should you care about this technology, how to use it?
    For example, in the city of Toronto, there are nearly 1 million Chinese living, they will send money to relatives and friends in China. Toronto is a vast market. Traditional remittance agencies charge them a higher fee, but you can now do it through the blockchain platform, which requires only 1% commission and 7 minutes. From this example, we can see that peer-to-peer asset flows can bring about transformative changes to these families.
    If you are a musician and don't get a reasonable reward, you can use the blockchain technology platform. He can also protect privacy. Once the block identity appears, you can put all the information into the block, including transaction information, educational information, medical information, social media, etc., all in your identity, controlled by you and monetized. You can decide how to use this data.
    This technology will soon have a vast and far-reaching impact on our lives. The first generation of the Internet, the information Internet, brought us wealth, but it exacerbated social inequalities and led to a series of social problems. In the value of the Internet, we can pre-allocate wealth through the democratization of the wealth creation process. The Internet has changed the way wealth created from the beginning, allowing more people to participate in the economy and get reasonable compensation.

    Is there any adverse problem with this technology?
    There are indeed many negative issues, such as the government may use this technology to control the public. It may bring institutional unemployment and criminals will use this technology for profit. However, technology can learn on its own, and they may learn to do other things, The last development into a virus is also worrying. Technology can't bring prosperity, and humans can. The blockchain gives us an opportunity to solve many severe problems, depending on how humans use them.

    How to use the blockchain to save "Trip share"?
    The blockchain is a new application mode of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm. Based on blockchain technology, code and machine instead of labor, can be regulated from the source, achieve credit certification, ensure the evaluation is accurate, the process is transparent, and the results cannot be falsified, and such events will be largely avoided.
    Of course, technology can never solve all problems, only to prevent and reduce these problems. Although blockchain technology is still in its early stages of development, it is impossible to rely on predictions in the future, but on human practice.
    UChain: The era of sharing economy 2.0 is coming
    The transformation of the blockchain to the sharing economy is not just a paper-based discussion. The first public infrastructure blockchain project, UChain, designed for the global sharing commercial network, is being implemented as a flagship of the era of shared economy 2.0.
    A collaborative network with consistent goals