Bitcoin block chain plunged unhindered feast open seats Hong Kong media： can be used to corruption

Hong Kong media said, in recent weeks, confidence in the currency market may encryption was a major blow, but it depends on technology - block chain - the value has not suffered a major impact。

According to Hong Kong "South China Morning Post" website reported January 29, South Korea has announced that from January 30, all anonymous accounts, no bank accounts of foreigners and South Korea Minors are not allowed to participate in the exchange bitcoin trading。Since then, Bitcoin prices recently plunged from nearly $ 20,000 in mid-December 2017 fell 1.Less than $ 10,000。But especially in Southeast Asia, many people are still confident that the support bitcoin block chain technology adapted to urge the bank to transfer money from voter rolls and health care records and all other matters。

It reported that, in essence, block chain is a digital ledgers - continued lengthening list of records, called blocks, in order to prevent modification and design。Block chain makes it possible to share information in a peer to peer network, because without change all the sub-blocks of data in any given block can not be modified, they are very safe and can not be forged。It is this feature allows people to enhance confidence and hope that it can be adapted to a wide range of uses in addition to the financial sector。

Reported in Singapore, monetary authorities started an extensive research effort to block chain, whose members set up a trading network block chain based in Hong Kong early next year will comprehensively promote。According to head of payment systems policy and oversight of Eni？Panggabean said the central bank of Indonesia's positive emulate Singapore, set up his own research project。

He said: "(block chain) technology without any mistake, it can be used for multiple departments。"He also said that research is still in its infancy。

Meanwhile, Malaysia is committed to working with industry organizations to develop a global standard block chain together。It is predicted that by 2025, the technology will be widely used。In Australia, the government block chain to a company's A $ 8.6 million investment in the project, during the energy surplus or shortage of energy exchange between each other in the family。

It reported that while in South Korea weighed on Bitcoin, Science and Technology Minister Liu Yingmin publicly stated, should be considered separately from the block chain and volatility of trading scenes。Australia Senior Research Consultant Commonwealth Scientific and Industrial Research Organization Rob？Hansen also said that the potential of the block chain is "fraud as a tool"。

Hansen said: "block chain is full of excitement and confusion of terminology。It is a technology that allows anyone to see and everyone can trust the way to the field of recording transactions ...... for the government, apparently should block chain research has focused on those that can be produced (maximum) in the public interest。"

It reported that the South-East Asia is ripe for such innovation。Ho Chi Minh City's unlimited block chain laboratory corporate marketing director Nicholas？Nguyen said: "In Vietnam, health care records is an important area block chain to enter public service, field supervision technology is also very interested in government。"

According to research papers Commonwealth Scientific and Industrial Research Organization shows that the block chain technology can also be used to register with the government to improve the visibility of the supply chain and improve its efficiency, and speed up international remittance payments。

General Manager based in Jakarta block chain start-ups Steven？Su Hadi says it can improve traceability among government agencies, and improve transparency, anti-corruption efforts may help。

It reported that, even so, there are still several challenges before the block chain can implement a wide range of applications。

Hansen said that at the government level, more research is needed to develop adequate regulations to ensure effective technology。He said: "block chain use a lot of computing power to create trust our attention。These costs hidden in systems like Bitcoin, because for those who provide their computer for this use encryption provides money in return。"

Hansen said the government needs to decide whether the use of public computer network to support its block chain, or to manage all the computers。He urged the government not to act in haste, eager to use this technology。

"People are so excited for the block chain, their problem is that people treat it as you would a recipe, than to find the best way to solve the problems facing them more interested to explore the use of the block chain。Use block chain should have a good reason, and this reason should not be because someone else is using it, and you do not want to miss。"