Why is it called blockchain? There are two parts, one is the block, the other is the chain.
Block chain technology to share books (similar to a distributed database) need to be stored in the data is divided into different blocks, each block with a specific information on the link to a block, in chronological order before and after the link has a complete set of data. Distributed books of each block chain is essentially a series of the chain of events in time order, it USES the agreement authentication, password mechanism not been tampered with and forgery.
What are the characteristics of blockchain?
1. Shared ledger
It is a concept of a distributed database. Transactions are completed by distribution in different multiple nodes, and each node is complete accounting records, so they can participate in supervision trade legitimacy, at the same time can also be the testimony of together.
2. Intelligent contract
A smart contract is a piece of code that can be executed in a block chain environment. It is based on trusted, untamable data that automates some predefined business rules and commercial terms.
3. Privacy protection
Transaction information on the block chain is public, but account identity information is highly encrypted. Only when the data owner is authorized to access the data, the security and privacy of the data can be guaranteed.
4. Consensus mechanism
Need to adopt a common mechanism between all nodes from the technical guarantee for sharing books information how to reach a consensus between nodes, decide the effectiveness of a record, it is decided that means, is also to prevent tampering. All participants agreed that the transaction was verified in the network, thus eliminating the possibility of fraud.
Application scenario of block chain.
The logistics industry is very suitable for the application of block chain technology (the application of the physical intelligence logistics).
In fact, the logistics ecosystem is a community of interests composed of multiple participants. There is a concept of “flow” in the industry, starting from the initial “commercial flow”, gradually giving rise to “logistics”, and corresponding “capital flow” and “information flow” support. There is a key problem behind the emergence of various “streams”, which is the transfer of ownership of goods. The problem types solved by block chain technology are related to the trust friction generated during the transfer process of asset ownership. Therefore, it can be concluded that the multi-flow integrated business scenarios involved in express logistics industry are suitable for the block chain technology to play its value and effect. Application block chain technology can significantly improve the express logistics industry in the processing speed and efficiency of the settlement business, effectively solve the problem of item’s tracing anti-counterfeiting, fully guarantee the information security and send, the recipient’s privacy. Below, I have listed four types of business scenarios for express logistics industry that are suitable for block chain technology.
1) high value market. After digitizing high-value goods, record them on the block chain for the maintenance of asset ownership.
2) asset ownership transaction. After the asset is digitized, records are recorded in the block chain and the records management of the asset transaction process is carried out.
3) share data scenarios. Participants who share data in the industry record these Shared data in the form of block chain ledger.
4) compliance audit. Block chain of enterprise and internal transactions between not tamper with the traceability data record, acompliance audit work needs the high quality data input, so technically can be done more efficiently.
Fresh Water Source using the block chain technology based on intelligent contract, Fresh Water Source to build a value ecosystem for global trade, namely, a real-time, global, connection, the structure of the digital value of digital network. Have higher cost effectiveness, support the third party to develop the financial technology solution business. This solution will enable small and medium-sized enterprises to increase revenue while reducing the cost of global trade. It will also enable third-party developers/service providers to achieve a wider range of user/customer goals while reducing development and user acquisition costs. In this framework, FWS will be the key to connecting users to the global trade network and trading in the Fresh Water Source ecosystem.
FWS USES block chain technology as the underlying architecture to generate a separate chain for all nodes on its logistics chain. Through decentralization of block chain can effectively optimize the personnel structure of the traditional logistics industry complex chaos, combined with the numerical analysis of artificial intelligence, finally realizes the information flow, cash flow, logistics triad, each node chain logistics company data sharing, solved including data sharing, data conversion, data migration, data replication, data format conversion, data redundancy and maintain the integrity of many problems. Bring logistics industry the most visible change, this is greatly improve the efficiency of transfer of the goods in the whole logistics chain, if global logistics system can chain, can let the global logistics market entry.
The transport process of goods can also be clearly recorded on the chain. From loading and transportation, the whole process is clearly visible, which can optimize the utilization of resources, compress the intermediate links and improve the overall efficiency. The FWS records all the steps in the delivery of the goods from the delivery to the receiving process, ensuring the traceability of the information, thereby avoiding the loss of packages and the occurrence of false claims. In the case of express receipt, only the block chain can be checked, which eliminates the problem of couriers using fake signatures to claim parcels, etc., which can also promote the implementation of logistics real-name system.
Storing the container information in the database, the storage solution of the block chain will independently determine the shipping route and schedule of the container. These smart containers can also analyze past transportation experience, constantly update their routes and schedule design skills, and improve their efficiency. For the consignee, not only can the logistics information be tracked from the port to the destination port, but also can modify the schedule of the optimized cargo transportation at any time.
Intelligent logistics will offer three solutions:
l FWS deposit certificate service
l FWS financial services supply chain
l FWS books and data services