Wuhan Block chain Software Company talk: block chain + e-commerce

Baidu to define

In a narrow sense, blockchain is a chained data structure that combines blocks of data sequentially in a time series, using cryptography to ensure that distributed accounts cannot be tampered with or forged. Broadly speaking, blockchain technology is a complete technology that uses blockchain data structure to verify and store data, uses distributed node consistency algorithm to generate and update data, uses cryptography to ensure data transmission and access security, and uses intelligent control technology. A program consisting of automated script code for programming and manipulating data. A new distributed infrastructure and its computing method

Maybe you don’t understand the definition, but ACTUALLY I don’t. In short, blockchains are decentralized, distributed systems of shared accounts that are encrypted in an orderly fashion. Blockchain + e-commerce is also the best way to combine 1. Blockchain technology has a wide range of applications, not only for e-commerce.
Block chain
It can be understood as the “next generation Internet”, where virtually all applications on the Internet can now be built on blockchain. All transactions on the Internet are now based on central transactions, as long as we all trust the central transactions. Such as banks and Alipay
. Centralized data is most vulnerable to attack, and the more data you process, the slower it will be, and there will be commissions. For example, cross-border payments. Now the Internet can only deliver information, not value. For example, copy pictures and videos to someone else, but you can’t copy money to another person. The transfer of value can only be done through centres such as banks.

All transactions in the blockchain keep billing records of all authorized participants. Everyone on the block is on the same page. All transactions are peer-to-peer, with no middlemen. If the team coordinates the book, all copies are synchronized. Each transaction record can be queried.

Blockchain + e-commerce creates the O2 O platform by using smart contracts without having to host and pay fees to third-party e-commerce platforms with existing businesses. An important result of this design is that eBay will further enhance user privacy. Not only does paying through eBay provide strong anonymity, but no third party collects user data. E-commerce giants such as JD and eBay rely on centralized servers to host websites and handle traffic. While this approach offers high efficiency compared to traditional physical storage, it still comes at a considerable cost. EBay will replace these large and expensive data centers and use smart contracts to rebuild the infrastructure of the e-commerce platform, dramatically reducing the cost of participation for consumers and businesses.

CBC will establish a fair and orderly consumer market. Nowadays, with the rapid development of the world economy, the supply of products exceeds the demand, and there is a problem of difficult sales. Through CBC, companies can be targeted to increase consumption and fundamentally solve their sales problems. CBC’s decentralization will greatly increase value for consumers.

The CBC platform will build a new ecosystem based on the Internet. In this ecosystem, consumers and enterprises will build a harmonious and win-win platform based on the interests of consumers and enterprises, so as to achieve higher profit distribution through CBC.

CBC is a business model that will change the relationship between consumers and merchants, driving consumption to close a deal and locking the terminal. The continuous transaction between consumers and merchants is more active and efficient on the decentralized consumption chain platform than on the existing centralized platform, so that more consumers can reflect their consumption value.

The CBC platform has an exclusive foundation. As the technical r&d and product operator of CBC, the CBC Foundation is one of the organizations that operate CBC. The CBC Foundation has the same rights and responsibilities as other organizations.

CBC Consumer Chain Mall utilizes the decentralized, tamper-free, distributed ledger and other features of blockchain to create a blockchain project fully integrated between merchants and users, merchants and factories, factories and markets, and markets and users, as a consumer main chain of its application. Thus forming a consumption and at the same time can bring a lot of investment value of the ecological circulation system, so that customers worry less and more a guarantee.