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Mom: “Xiao Ming, what is blockchain?”
Me: “(Surprise!) … Mom, where did you hear about blockchain?”
Mom: “Next door, your aunt CAI said her husband was frying some coins, always Shouting block chain balabala, upstairs Brother Li also shouted block chain startup balabalabala, can block chain sell money?”
Me: “Mom, blockchain is complicated, I’ll explain it next time……”
Mom: “Do you want boiled noodles for dinner?”
Me: “well Σ (っ ° Д °) っ I think how to say.”
This article is obtained from the 21st Century Business Herald (jjbd21) and integrated from the China Securities Journal (xhszzb; Sun Xiangfeng, Chen Jian), OKLink Blockchain (OKlink-DY) Source: Cheng Hao, author of public account “haogetalks”, comic characters Source: Pretending not to understand finance (jzbdjr)
These two days, friends circle, this paragraph is particularly popular. No other, because blockchain is too hot!
Since 2018, the concept of blockchain has led the surge, with the Wind blockchain index rising from 3,200 points to over 3,700 points. 11 intraday, block chain index once touched to nearly 3800 points.
Blockchain concept index performance since 2018
In terms of individual stocks, 13 stocks have gained more than 20% this year, with Yi Jian shares up as much as 58%. Skyrocketing stock prices let listed companies also sit still, have to come out of the risk.
So popular blockchain, what is it?
What the hell is blockchain?
A cartoon makes you understand
Blockchain technology refers to a way for people to participate in bookkeeping. All systems have a database behind them, and you can think of a database as a big ledger. At the moment, each keeps his own account.
Since there is no centralized intermediary, having everything run automatically through a pre-programmed process not only greatly reduces costs, but also increases efficiency. And since everyone has the same books, it ensures that the bookkeeping process is open and transparent.
Blockchain technology is the underlying technology of bitcoin. Without the operation and management of any centralized organization, Bitcoin has been running stably for many years without any problems. Therefore, some people have noticed its underlying technology and abstracted Bitcoin technology to call it blockchain technology, or distributed ledger technology.
According to a report released by Santander, Spain’s largest bank, if banks around the world adopt blockchain technology internally, it could save an estimated $20 billion in annual costs by 2020. Such data is enough to illustrate the huge changes and breakthroughs brought by “blockchain” to the traditional financial field.
Cloud computing is usually defined as the provision of dynamic and easily extensible and often virtualized resources over the Internet, but the provider of the cloud computing platform is often a centralized organization. However, the network composed of block chain generally has no specific organization, so block chain is closer to the definition of distributed computing system and belongs to a kind of distributed computing.
Q Coin is a centralized electronic currency, including the total amount and the issuance method are controlled by Tencent. However, the total amount of bitcoin and the issuance method are pre-set by the program and encryption algorithm, and run on multiple nodes in the world. No one and institution can modify it, and it is not controlled by any single person or institution. Q coins are generally referred to as electronic currency, or enterprise tokens. Calling bitcoin a digital currency or cryptocurrency.
What are the features of blockchain? What can it be used for?
Through the above cartoon, I believe you have a preliminary understanding of blockchain.
In a nutshell, Blockchain, Bitcoin’s underlying technology, acts like a database ledger of all transactions, essentially a decentralized database.
The technology is also gaining attention from the banking and financial industries for its safety and convenience.
Blockchain has
Decentralized, no central trust, tamper-proof and encrypted security
Such features are becoming the vision of government decision-making, financial institutions and large enterprises, and are being applied to digital currency, payment and clearing, credit financing and financial transactions.
What can blockchain be used for?
For now, the most obvious application of blockchain is Bitcoin. Blockchain also gained early attention thanks to Bitcoin.
Qian Lufeng, chief analyst of the computer industry at Sinolink Securities, said that there are three typical application scenarios of blockchain:
One is coin applications, such as bitcoin, ether, etc.;
Second, the traditional financial field, such as blockchain technology alliance R3, Hyperledger, which brings together Goldman Sachs, Ping An of China, HSBC, IBM and other institutions, is committed to cross-border payment in the financial field, financial bill management and other application scenarios;
Third, non-financial fields, such as energy, luxury goods, telecommunications, Internet and other fields.
The listed companies in the A-share computer sector have actively laid out the block chain in terms of equity investment, technology research and development, project cooperation and other aspects. However, it takes some time to incubate a new team, project/product/service, and many listed companies are still in the early stage of trial-and-error cultivation in terms of blockchain technology research and development and scenario-based application.
Regarding the application of blockchain in financial and non-financial fields, Industrial Securities said that many traditional financial institutions, including banks and exchanges, attach great importance to distributed ledger and other technologies of blockchain, and have begun to explore its practical application in cross-border payment, bill trading, securities issuance and other links. Some industry leaders have entered the stage of proof of concept and project implementation.
Along with the improvement and innovation of underlying algorithms such as consensus mechanism, Internet enterprises and non-financial enterprises have also begun to explore the possibility of blockchain application in non-financial fields such as supply chain management, copyright transfer and case management.
Listed companies have been layout “Li Kui Li ghost” difficult to distinguish
According to the China Securities Journal, a senior investor in the technology and finance sector sighed: “I don’t even know that so many listed companies have invested in the blockchain project, whether the stock price rises or not.”
After the popularity of blockchain concept, various companies have said they want to layout blockchain, “it seems a little unreal.”
The reporter sorted out 34 blockchain concept stocks, of which 12 belong to the industry of computer application and equipment, 4 belong to the Internet media, and the rest belong to planting, papermaking, real estate, chemical products and other industries.
(Chart of blockchain application layout of some listed companies)
The investors said,
On the one hand, the layout of listed companies shows that blockchain has gradually gained market attention, and a large amount of capital is conducive to the development of the industry. On the other hand, many companies whose main business is completely unrelated just want to drive up the stock price by hyping the concept.
Therefore, in so many listed companies involved in blockchain, “who is Li Kui and who is Li GUI” should be carefully distinguished.
Landing still distance hype alert risk
However, some industry insiders say that some applications of blockchain are still immature.
Citic Securities said that the products of the start-up companies in the blockchain industry are not mature and their performance is not optimistic, but the industry valuation is generally high. In the short term, there are no mature products in the secondary market. In the primary market, it is recommended to pay attention to non-listed companies with higher safety margin, valuation advantages, mature products and operating models.
Qian Lufeng also believes that from the perspective of the application of blockchain in the financial field and other non-financial industries, there has not been a very mature application product/service with good scale and economic effect, and the innovative model of blockchain has yet to be verified in the industrial application field.
The boom in blockchain stocks has been accompanied by warnings about the risks of listed companies.
Feitian Credit issued a statement on the evening of 11th to clarify that the products launched by the company are only security storage devices of blockchain virtual currency, which belong to terminal auxiliary products in the blockchain industry, and have not yet generated sales revenue.
Advanced Digital Communication said on Wednesday that it advised investors to view the application prospects of blockchain technology rationally. Advanced Digital believes that blockchain technology has not yet found a breakthrough large-scale application scenario, the company is still in the early stage of technology reserve in the field of blockchain technology, the relevant projects are still small-scale experiments, there is no clear application prospect, will not have a substantial impact on the company’s business in the short term.
Qian Lufeng pointed out that technology innovation and scenario-based application based on the new blockchain model still need to be continuously promoted by the industry and the market. He suggested that investors pay close attention to and select companies with more solid fundamentals, strong research and development strength, and rich customer resources in the process of investment in the primary and secondary markets.
(This article does not represent the views of the 21st Century Business Herald. Investment is risky, and market entry risks should be borne by oneself)
21 jun
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This issue is edited by Liu Xiang
21 jun
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