OKCoin's Duan Xinxing talks about blockchain innovation and application at Microfinance Summit

On December 14, 2016, Microfinance, New Economy, Great Future - 2016 China Microfinance Summit was held at Beijing International Convention Center. The summit consisted of an opening forum + 8 parallel theme forums, inviting more than 100 guests to discuss hot issues in the field of microfinance around the current themes of "China Blockchain Development Summit Forum" and "Internet + Capital Market Development", gaining insights into the direction of world economic development under the new normal, promoting financial services for the real economy, and helping China's economic transformation and upgrading.

OKCion representative Duan Xinxing spoke at the meeting

OKCion attended the summit as a representative of the blockchain industry. OKCoin representative Duan Xinxing expressed a series of views on blockchain technology at the Blockchain and Digital Currency: Technological Innovation and Application Forum.

Duan Xinxing gave the following answer to what blockchain has brought and why many companies and people need to use blockchain technology. Bitcoin has two aspects of innovation: First, it has created a series of coins that are completely native and created from scratch. There are no network operators or intermediary organizations on it. Second, it is the underlying structure of blockchain. Not only Bitcoin, but also other things can be done with blockchain. For example, digital currency can be generated from scratch by imitating the mechanism of Bitcoin, and existing assets can be mapped to the blockchain to generate new digital assets. And this underlying blockchain technology is the structure and framework brought by Bitcoin.

In fact, in the process of the entire blockchain network and Bitcoin network, the entire account does not have money, but a key - a key can generate a property box and an ID in the property box, and then you can put money in it, and take money out of it and throw it into another cabinet. These multiple keys are smart circulation and an extensible structure.

In simple terms, it is a more direct way to issue currency to the central bank without corresponding to physical currency, but to generate digital passwords or numbers. Pass the currency to someone, and as long as someone gets the password of the currency and unlocks the drawer, they can get the money stuffed in.

The speech by OKCoin representative Duan Xinxing was deeply recognized by the audience. It is reported that OKCoin is the world's largest digital asset trading platform with the most professional development technology team, financial product team and technical security experts in the industry, providing services to more than 2 million users from more than 100 countries. From the beginning, OKCoin has been committed to providing investors with safe, fast and stable blockchain asset transactions. It is the first to use blockchain technology to cooperate with asset issuers to issue blockchain assets and realize global transactions of blockchain assets.

In 2016, OKCoin launched OKLink, a global financial network based on blockchain, which is committed to promoting the comprehensive development of inclusive finance and reshaping the financial architecture through blockchain technology. OKLink connects small and medium-sized financial participants around the world, including banks, remittance companies, Internet financial payment platforms, etc., and greatly improves the transmission speed, cost, transparency and security of the financial network with the help of blockchain technology. The network has been joined by hundreds of partners around the world, covering more than dozens of countries and regions.