One picture will help you understand how blockchain will change our lives: from Airbnb, stock market to distributed power generation

Two months ago, Goldman Sachs said that in addition to Bitcoin, the application of blockchain technology has unlimited imagination in financial services, sharing economy and even real estate. Now, in a new report titled "Blockchain: Applying Theory to Practice" (full report download), Goldman Sachs has demonstrated how blockchain technology can be used in these fields.

Blockchain technology is the underlying technology of Bitcoin. Compared with traditional technology, blockchain represents a new decentralized system based on P2P. Blockchain realizes the self-certification function within the entire network in a decentralized form, rather than the traditional form of unified account book update and verification by a centralized third-party organization.

Industry insiders said that blockchain technology can be said to be a technology that collectively maintains a reliable database in a decentralized and trustless manner, and Bitcoin is only the first application of blockchain technology. Goldman Sachs is one of the Wall Street banks that is quite optimistic about blockchain technology.

In the latest 88-page report, Goldman Sachs begins by saying that in the past discussions about blockchain technology have always been abstract, focusing on market decentralization and opportunities for disintermediation. Now the focus will shift from theory to practice, studying the application scenarios of blockchain technology in the real world.

Below, OKLink uses a picture to explain to you the five major applications of blockchain in the eyes of Goldman Sachs: from Airbnb, stock markets to distributed power generation, showing how blockchain will change our lives.