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Real-World Application of Blockchain

Introduction 

Use blockchain technology to digitize the information of different commodity circulation participants and store them in the blockchain. Involves the main body of the entire production process, including origin, producer, channel dealer, retailer, brand owner and consumer. Make each participant's information viewable in the blockchain. Ensure that product information is transparent, and any part of the entire process can be traced truthfully, improving product credibility. 

Pain analysis 

At present, the demand for anti-counterfeiting of food safety and high-value products has surged, but the current industry's traceability methods are relatively simple and can be easily tampered with in the middle, making anti-counterfeit traceability useless. Consumers and manufacturers hope to improve product information through effective anti-counterfeit traceability methods Reliability and authenticity.

Solution

With the help of blockchain technology and the use of alliance chain nodes, the information of the commodity raw material circulation process, production process, commodity circulation process, and marketing process is integrated and written into the blockchain. The anti-tampering property of the blockchain is used to realize one thing. One-yard full process authentic traceability.

Value 

Blockchain non-centralized distributed system, reducing the cost of individualized centralized systems, and improving information credibility. To solve the problem of information islands, there are multiple information systems in the entire supply chain. The information check between these information systems is cumbersome and the data interaction is uneven. Through the blockchain distributed storage technology, the information island problem can be solved. Reduce human interference in data transmission. All traceback processes are controlled by Internet equipment and programs, which can prove innocence. 

Case for Example 

A tea company uses the blockchain technology to visualize the entire process of tea production through one product, one code, and the entire path to the end consumer, so that consumers can clearly understand the tea product, growth process, and production methods. It is also this method that allows this tea company to solve the problem of traceability. Consumers can check the traceability information of tea by scanning the code, including origin, category, year, processing process, number of scans, distributors to which the product belongs, etc. at a glance. 

Introduction 

Aiming at the strong capital demand and broad market scenarios of large amount of fixed asset securitization. Yuesu Technology uses blockchain as the underlying technology to help customers put fixed assets on the chain, evaluate core companies, determine rights, mortgage, and trade, realize the difficulty of circulating large amounts of fixed assets, and promote the improvement of financial circulation efficiency.

Pain analysis 

In the real world, bulk physical assets, operating assets, and equity assets have securitization requirements in the field of circulation, but the current situation is difficult to circulate, slow to circulate, high process costs, it is difficult to ensure the efficiency of circulation, and the value of assets is growing slowly.

Solution

Borrow a third-party institution to perform asset registration, right confirmation, evaluation, appraisal, valuation, custody of valuable assets, and tokenize fixed assets through the transparency of blockchain information and non-tamperable technical featuresEthereum and other various coin tokens convert real assets into digital tokens on the blockchain, effectively converting token assets into fixed assets

Value 

Utilize the technical characteristics of the blockchain to ensure that information cannot be tampered with and transparent.With the help of blockchain token economics, the realization of securitization of physical assets, the realization of value division of fixed assets, and rapid circulation have become a reality. The introduction of blockchain technology and smart contracts has great benefits in ensuring the life cycle of asset securitization.

Blockchain technology has the following advantages:

Streamline processes, reduce costs, speed up transactions, increase transparency, and increase security.

Case for Example 

A company engaged in traditional bulk fixed asset financial services work, by building a blockchain commodity trading platform at the bottom to change the problem of low commodity circulation. Commodity platforms use blockchain technology, through the alliance chain to complete asset on-chain, private chain to complete asset tokenization, and digital asset exchanges and wallet technology to complete asset transactions.

Introduction 

Aiming at the difficulty of financing small and micro enterprises in the supply chain, relying on the trust transfer of core enterprises on the blockchain, around the core enterprises and upstream and downstream multi-level supply chain enterprises, and jointly build supply chain finance with service providers such as banks and confirming institutions The industrial ecosystem is closed-loop, and a new supply chain financial ecosystem is created from multiple aspects, such as digital assets, industry-financed platforms, and commercial credit, to promote the mutually beneficial symbiosis of multi-party enterprises, and to promote the healthy development of the entire ecosystem.

Pain analysis 

1. SME financing in the supply chain is difficult and costly ;

2. as the main financing tool supply chain finance, at this stage of commercial bills, bank draft restricted usage scenarios, transfer difficult ;

3. It is difficult for the supply chain financial platform/core enterprise system to self-certify, resulting in high-risk control costs at the capital end ;

Solution

For pain point 1: Issuing on the blockchain, running a digital bill, which can be split and transferred at will under the circumstances of openness, transparency, and multiple witnesses.

For pain point 2: A alliance chain can be created between the bank and the core enterprise, which can be used by all member companies in the supply chain. The multi-signature and non-tamperable characteristics of the blockchain make multi-party consensus on debt transfer and reduce the difficulty of operation.

For pain point 3: As a "trusted machine", the blockchain has the characteristics of traceability, consensus, and decentralization, and the data on the blockchain is time-stamped, even if the data of a node is modified, it cannot be With only one hand covering the sky, the blockchain can provide an absolutely credible environment, reduce risk control costs on the capital side, and resolve banks' concerns about information tampering.

Value 

Based on the entire chain of information security sharing, realize the supply chain financial visualization, rely on the credit transfer of core enterprises and reduce the financing cost of SMEs.

Provide funders with a full-process traceable, penetrating asset verification and authenticity channel to promote the healthy and stable development of supply chain finance.

Through the value connection of the blockchain, guide more funds to serve the real economy, enabling technology to empower the industry, and promote the transformation of the manufacturing supply chain into an industrial service supply chain.

Case for Example 

A supply chain platform is an industrial financial blockchain service platform that provides a variety of supply chain financial services. Among them, the blockchain accounts receivable service is the most mature. Its main purpose is to help small, medium and micro-sized enterprises by building bridges for receivable information communication. It is more convenient for enterprises to carry out receivables financing business in financial institutions, thereby solving the problem of financing difficulties for small, medium and micro-enterprises. Through the standardized digital asset voucher "Golden Ticket" of the accounts receivable service, online receivables can be transferred, financed and split, which has the advantages of high reliability, low cost, and traceable sources.

Introduction 

Reliable storage of data through blockchain, combined with data-based multi-level encryption and multi-dimensional permission control technology, to solve the problems of easy forgery, tampering, difficult to trace, and verify electronic data, and jointly build a trusted ecosystem of blockchain alliance.

Pain analysis 

The use of electronic evidence still faces many identification difficulties, mainly as follows: first, the electronic evidence is easy to be tampered with; second, when the evidence is collected, if the electronic evidence and related equipment are separated, the effectiveness of the electronic evidence will be reduced; third, When presenting evidence, it is necessary to print out the electronic evidence and convert it into documentary evidence. This operation may not only destroy the content of electronic data but also the cost of judicial determination is high. Fourth, because of its tamper-proof characteristics, it is necessary There may be inconsistencies in the content of electronic data between the two parties, making it difficult for the court to determine the authenticity, relevance, and legality of electronic evidence.

Solution

First, in the process of certificate storage, the blockchain can provide standardized data storage formats, guarantee of original data, secure storage, and traceability to improve the authenticity of evidence;

Secondly, in the process of forensics, the value brought by the blockchain to the judiciary lies in the fact that the data is independently stored and backed up through the consensus of participating nodes to assist the authenticity of electronic evidence;

Thirdly, in the demonstration link, smart contracts and blockchain browsers can be used to demonstrate, in order to improve the legitimacy and authenticity of electronic evidence; finally, in the cross-examination link, the blockchain can solidify the two links of forensics and demonstration The whole process can be traced back to enhance the legality of electronic evidence.

Value 

First, in the storage and certificate link, blockchain can provide standardized data storage format, the protection of raw data, secure storage, as well as traceability, improve the authenticity of evidence;

Second, in the forensics link, the value of blockchain to justice lies in the data through the participation node consensus, independent storage, mutual backup, used to assist the identification of the authenticity of electronic evidence;

Third, in the evidence link, can use smart contract, blockchain browser evidence, in order to improve the legitimacy and authenticity of electronic evidence, and finally, in the cross-examination link, blockchain can cure the evidence and evidence of these two links, the whole process can be traced, enhance the legitimacy of electronic evidence identification.

Case for Example 

As the first professional institution to apply the judicial depositary evidence of blockchain to the entire process of making a will, China Wills Bank has implemented the relevant standards in the case of social depositary wills into the will registration process. The contents of the documented testament can be checked on the court's official electronic evidence platform. Once the lawsuit is involved, the time of making the will be related to the case, the identity of the testator, the authenticity of the content of the will, etc. can be passed through the electronic evidence platform Perform inspection retrospectively. The judge can verify the hash value of the probate certificate (a method of creating a small digital "fingerprint" from any kind of data) on the electronic evidence platform in court.

 

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