Blockchain updates

From the perspective of practical progress, most applications of blockchain technology in commercial Banks are still being conceived and tested, and there is still a long way to go before they can be used in life and production. In addition, there are also many difficulties to be recognized by regulatory authorities and the market, including:

It is restricted by current concepts, systems and laws.The decentralized, self-management and collective maintenance features of blockchain subvert people's way of production and life, weaken the concept of state and regulation, and impact the existing legal arrangements.For these, the whole world completely lacks the theory preparation and the system discussion.Even bitcoin with the most mature blockchain application has different attitudes from different countries, which inevitably hinders the application and development of blockchain technology.Obviously, there is still a long way to go to solve such problems. at the technical level, blockchain still needs to make breakthroughs.Block chain application is still in the initial development stage of the laboratory, and there is no intuitively available mature product.Compared with Internet technology, people can use specific applications such as browsers and apps to browse, transfer, exchange and apply information. However, block chain obviously lacks such breakthrough applications and faces high technical barriers.Another example is the problem of block capacity. Since the block chain needs to carry all the information generated before the replication, the information of the next block is larger than that of the previous block. If this is passed on, the information written into the block will be infinitely larger, which brings information storage, verification and capacity problems to be solved (iii) competitive technical challenges.