Despite strict crypto bans, China has the most blockchain patent applications worldwide. China has the most blockchain...
Blockchain
Blockchain is a chain-block technology that allows secure data transmission based on an extremely complex encryption system, similar to a company’s accounting ledger, where money is closely monitored and all transactions on a peer-to-peer network are recorded.
Each block contains information about the time of creation and is linked to the previous block, along with a time code and transaction data. Once the data is accepted by the network, there is no way to change it. Blockchain is designed to prevent fraud and changes in data.
Versions of Blockchain technology
Blockchain technology 1.0 – Currency and Payment
The main application of this version is cryptocurrency: including currency conversion, remittances and creating digital payment systems. This is also the field most familiar to us, and sometimes many people mistakenly think that Bitcoin and Blockchain are one.
Blockchain 2.0 – Finance and Markets
Banking and financial processing applications: expanding the scale of Blockchain, bringing it into financial and market applications. Assets include stocks, checks, debt, ownership and anything related to agreements or contracts.
Blockchain 3.0 – Design and Monitoring
Taking Blockchain beyond the financial frontier, and into areas such as education, government, healthcare and the arts.
Samsung is using blockchain technology to develop a new security solution that helps its smart devices protect...
The financial sector, a key pillar of the global economy, is undergoing a major transformation due to...
Even if they can’t smuggle NVIDIA’s high-end AI chips into China, the country’s AI developers can still...
The banks will initially set up transactions mainly for corporate customers, such as trade payments, and will...
Solving the problem of high-quality human resources for businesses by popularizing blockchain and AI
Solving the problem of high-quality human resources for businesses by popularizing blockchain and AI
The Scientific Council of 15 professors, doctors, and leading technology experts of the Blockchain Technology and Artificial...
In the world, Blockchain application is identified as a B2B (business-to-business) solution in the financial industry that...
