From "information internet" to "trust Internet"

The blockchain forms a "consensus mechanism", which can solve the problem of information asymmetry of each subject in the "chain", and truly realize the transformation from "information internet" to "trust Internet".

There is a main common reason for many problems in China's economic development - too high transaction cost and too high risk of default! Blockchain distributed accounting will be the most direct and effective way to solve the trust problem. In the past, when banks lent to enterprises, there was no way to distinguish the authenticity of many links. For example, whether the accounts receivable vouchers provided by enterprises are true or false... However, blockchain distributed bookkeeping was introduced into supply chain finance, and the upstream suppliers of enterprises can directly provide "credit certificates" to banks. More importantly, blockchain can also find a place to play in the quality control of supply chain finance. " With distributed ledgers, suppliers at all levels of the enterprise can be open and transparent, and form a consensus mechanism for all parties to recognize and confirm their rights. The most important function of blockchain is to establish a value consensus, which is mainly based on "the ability of value quantification" and "the process of value security". First, the "value quantification ability": to describe one thing clearly in a digital way is a process of value quantification. The second is the "process of value security": after it is clearly described in a digital way, it is also necessary to protect the data from tampering and query anytime and anywhere. These two aspects are superimposed to form a value consensus. Therefore, blockchain will play a very important role in building data exchange mechanism and credit system.

From "information internet" to "trust Internet"

The blockchain forms a "consensus mechanism", which can solve the problem of information asymmetry of each subject in the "chain", and truly realize the transformation from "information internet" to "trust Internet".

There is a main common reason for many problems in China's economic development - too high transaction cost and too high risk of default! Blockchain distributed accounting will be the most direct and effective way to solve the trust problem. In the past, when banks lent to enterprises, there was no way to distinguish the authenticity of many links. For example, whether the accounts receivable vouchers provided by enterprises are true or false... However, blockchain distributed bookkeeping was introduced into supply chain finance, and the upstream suppliers of enterprises can directly provide "credit certificates" to banks. More importantly, blockchain can also find a place to play in the quality control of supply chain finance. " With distributed ledgers, suppliers at all levels of the enterprise can be open and transparent, and form a consensus mechanism for all parties to recognize and confirm their rights. The most important function of blockchain is to establish a value consensus, which is mainly based on "the ability of value quantification" and "the process of value security". First, the "value quantification ability": to describe one thing clearly in a digital way is a process of value quantification. The second is the "process of value security": after it is clearly described in a digital way, it is also necessary to protect the data from tampering and query anytime and anywhere. These two aspects are superimposed to form a value consensus. Therefore, blockchain will play a very important role in building data exchange mechanism and credit system.