The success of many companies is often to obtain benefits by centralizing resources, and the government and financial systems also support companies to do so. However, the emergence of blockchain will break this pattern. Bitcoin is an application that runs on a blockchain platform, and blockchain is considered the technology behind Bitcoin. The blockchain provides a distributed transaction book, and each transaction on the ledger is encrypted and verified by the maintenance node. If you want to break the distributed ledger of the blockchain, you need to hijack all the nodes involved in the transaction and tamper with their ledger data (which is actually impossible). If the above explanations are confusing, then you only need to figure out that the blockchain is a record of digital asset transactions, and no one can tamper with the books without permission. This is very valuable for money, and it is also used to exchange various types of digital goods like contracts and other digital assets. For example, blockchain technology can be used for property contracts and election voting in the future. Today, society and the global economy are built on the trust of powerful intermediaries. Large Internet companies such as banks, Google and Facebook. In the business world, the wealth of some big companies is made possible by allowing them to act as trading middlemen and as an intermediary that is trusted by the public so that these big companies can benefit. Tapscott said that although these intermediate institutions are doing very well, this has its limitations. “They have high cost and low efficiency. Any centralization is fragile.†But the most important thing is that what they pay is not directly proportional to the gains. In other words, they spent a lot of money but only made a small profit. And the way they make people trust is just the feeling that they don't run. The blockchain provides a completely different way of trusting. It is fully distributed and can be managed by the public. No entity can manipulate or control it. This makes it more worthy of being trusted. The Economist hailed the blockchain as a “trust machine†and the “Wall Street Journalâ€, which was hailed as “democratic trustâ€. This trust can be used to establish a new form of currency, verify the validity of a document, record a vote or conduct a digital asset transaction, and these activities do not require the presence of a middleman. Tapscott calls the blockchain the second generation of the Internet because it transforms the Internet from passing information to delivering value. Many companies play the role of intermediaries between consumers and products and make money from transactions. Blockchain technology will change this pattern in many industries. Tapscott said: "The blockchain will have a profound impact on business models around the world." It is not just the traditional industry that is affected. Tapscott said: "The blockchain will subvert everything, even a new business model with only 4-5 years." Take Uber as an example. It acts as a middleman between the driver and the passenger to make money. Uber records the identity and credit information of drivers and passengers and the payment contract between them. In fact, these things can be handled by the blockchain (or the application running on the blockchain), and everyone has to do the appropriate information to share the transaction. The savings saved by the transaction can be transferred to both parties. Din Rail Connectors,Din Terminal Block,Din Rail Mount Terminal Block,Rail Terminal Block Cixi Xinke Electronic Technology Co., Ltd. , https://www.cxxinke.com
