Block Chain and Consultant He Qian


nnnTrap: Bitcoin is the most successful use case for block chains so far, so the association with the financial industry is most noticeable. Performance in the encrypted currency investment and financing increased, the price of the rise, the new asset class, the actual use case to invest in investment products to reduce costs, and so on. Although the complexity of technology so that many people can not understand the future scale of development can not be predicted, but it gradually entered the mainstream trend can be determined.n
nnTranslation: Annie_Xun
nUnderstand what the bitcores and block chains are.n
nDetermine the advantages and disadvantages of the block chain.n
nForecast the impact on future financing.n
nThe Internet is enthusiastic about the block chain, which can do for us.n
nFor consultants, the association with the block chain is that the potential role of the technology in financial services lies in the ability to support digital money or to encrypt money.n
nIn accordance with the usual pattern of emerging technology development, there is always a lot of speculation around the block chain. It is important that the understanding of its importance must go beyond the single idea of ‚Äč‚Äčtechnical speculation and pay attention to the practical application of technology, many of which may give real value to customers.n
nBitcoin has an impact on the financial industry, especially the bit-chain technology at the bottom of the bitcoin is becoming the driving force of change.n
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nBitcoinn
nAt present the most well-known most successful block chain use case is the digital currency bit currency.n
nAnything with “digital” words today is inherently low on hackers and malicious institutions. But Bitcoit but from the block chain to provide the security design to increase the defense of this attack.n
nAs with any new technology, lay people are always difficult to distinguish between speculation and reality.n
nThe block chain can support transaction verification because each bitnote transfer is done on a globally distributed shared computer network and a mathematical proof is created after the receiver or sender operates the bitcoin.n
n51% of the computers in a globally distributed network must also determine that the contract rules for any transaction are in order to activate and record the transaction (the technical term is called “consensus”).n
nIt is worth noting that Bitcoin deals with 256 bytes of digital key per transaction. Violence alone to destroy a 128-byte key to the cost of electricity to account for a lot of GDP, the security of the block chain is highly trusted by the encryption expert.n
nAs a result, some commentators compared the Bitcoin chain technology to the invention of the double-entry bookkeeping method; it is impossible to copy the bitcores and it is almost impossible to steal other people’s coins from the block chain trade.n
nBitcoal base technology stability is not reflected in the currency price: despite the steady rise, the volatility is also great. From $ 0.06 per dollar (July 2010) to the recent high of $ 3,018 (June 2017), and occasional volatility of $ 200 to $ 500 in just a few weeks.n
nAt present the roller coaster general bit currency exchange rate in part due to the nature of its own private currency, the central bank will not control the circulation.n
nSo, with the change in demand, the short-term speculation of long-term speculation and long-term investment in the special value of the special currency to promote large-scale price fluctuations.n
nThere are also long-term real business needs.n
nConservative investors should acknowledge that long-term demand growth is real, and Bitcoin is increasingly used to invest in physical assets, such as property.n
nWe have been on the road to a wider range of consumer applications: Microsoft, Dell and Virgin Group (Virgin) are only accept all the 100,000 foreign suppliers in a small number of well-known enterprises.n
nConsultants also need to know that Bitcoin is not the only encrypted currency on the market, with a single market value of about eight different currencies exceeding the billions of dollars and the top 100 kinds of encrypted currencies with a total market capitalization of about $ 100 billion.n
nNot to mention a large number of smaller non-bit currency encryption currency.n
nThe current five kinds of encrypted currency investment products listed, the US Securities and Futures Commission (SEC) in the monitoring of several encrypted currency ETF. It seems that the financial sector has begun to combat.n
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nICOn
nAt present, about $ 42 billion in bit currency is in circulation, and there is not a lot of other encrypted money in the digital wallet. The current recognition of digital currency is limited, the holder is eager to find assets and markets that can replace investment.n
nICO is this kind of investment, can be compared to the same sponsor financing IPO.n
nThe main difference is that ICO issues tokens in exchange for encrypted currency investments, which represent shares or interests that are usually issued in an IPO.n
nLike Bitcoin investment, ICO is not suitable for timid. The best success ICO case created a significant return, with the Ethereum Foundation ICO raising 31,500 terps, creating 10,000% of the profits for project supporters (exactly four zero).n
nWorst time, take the lost ICO to unscrupulous companies to defraud investors, holding the encrypted money to run.n
nICO is currently not regulated, that is to say that legitimate forward-looking companies are unfairly regarded as a muffler of encrypted money scammers.n
nHowever, as the ICO expands and becomes a common financing mechanism for more companies, regulators may be able to protect investors and release the full power of this new type of financing.n
nPeriod, “buyers at your own” may be the main theme of the current ICO market, but the future of the opportunity to make a fortune in the future is beyond question.n
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nNew asset classn
nBlock chains exist on point-to-point networks, and information and commodity ownership are clearly visible. This fact has had a profound impact on the type of asset that an individual can trade.n
nData traceability, visibility, and audibility are higher, meaning that people have a higher right to handle their assets.n
nTo want to unlock the real estate equity owners as an example. At present they are forced to cope with a bunch of intermediaries, such as brokers and lenders, are the guardians of real estate value.n
nIt is estimated that 8.4 million British owners do not have mortgage loans, sitting on the real estate value of 2.1 trillion pounds. The current opacity of the housing market has stifled the value of the chain-chain technology that could be unlocked.n
nDistributed book technology to provide transparency and security, and soon the owner can be based on the chain of chain-based property transactions as trade securitization of goods as large as trading assets.n
nIn this revolution, more and more investors will be based on the block chain technology assets as a more liquid wealth storage, the residential real estate into their own home “bank.”n
nIn another similar case, Nasdaq has begun to test the securitization of energy products developed by the head of household using block-chain books. Individuals no longer sell excess electricity to the grid, but directly in the open market trading unit of electricity.n
nFirst, this eliminates the inefficiency of a large amount of excess energy being loaded into the grid; second, the head of the household can retain more asset value.n
nThe creation of these new asset classes is a good illustration of the changes that the block chain technology will cause. In fact, more and more assets are represented by Bitcoin, but the chain chain will create a new type of transaction through democratization of data security and transparency.n
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nLow costn
nIn recent years, the intensification of competition and the massive automation of the “robot consultant” invention has reduced the cost of passive investment products.n
nThe block chain will continue to advance this trend because the block chain can eliminate a lot of trading friction as regulation and third-party administration become redundant.n
nFor example, Santander estimates that by 2022, large bank infrastructure costs can be reduced by $ 20 billion, as more administrative processes are transferred to the chain.n
nIn the larger background, many commentators think retail banking facilities will be free.n
nWith the traditional role of banks being replaced, the cost of saving and paying will disappear because the point-to-point transparency of the block chain allows individuals to verify the transaction.n
nUBS and Goldman Sachs and other large financial institutions boldly promote the development of block chain, because more and more feel the winner is the first use of technology.n
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nThe revolution has just begunn
nLike all new technologies, it is difficult for outsiders to distinguish between hype and reality. The next 18 months will show the potential of the chain chain and the potential to realize its “value Internet” potential.n
nThe consultant should remember that, although the “under the hood” block chain technology is a very complex technology, but will not change the daily activities of enterprises.n
nBut it will bring some customers more and more interested in the opportunity to encrypt the currency and block the chain of stories in the media slowly accumulate will increase the customer’s interest.n
n30 years later, maybe we still can not through this digital media for all transactions.n
nBut it is certain that we have reached the inflection point, the block chain becomes daily and all the trading components are certain, just a matter of time.n

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