Bitcoin sets the stage, blockchain plays the show

—— Ruitai Coin creates a blockchain supervision system

“ I will be back !” This is the famous line from Schwarzenegger, who plays T-800 in the famous sci-fi movie “Terminator” . Nowadays, this line is not an exaggeration to apply to Bitcoin.

Since early June , Bitcoin, which had been silent for a long time , has made a comeback. In just 22 trading days from May 27 to June 17 , the spot price of Bitcoin soared from 2,950 yuan to 5,180 yuan, an increase of more than 60% , and also set a new high since February 2014. Then the price of Bitcoin began to fall steadily. However, with the reversal of the situation in the UK referendum on June 24 , the price of Bitcoin soared all the way, reaching about 4,570 yuan at the moment of Brexit . For a time, major news media have bombarded reports on Bitcoin, which has started a crazy rise and has the property of safe haven, and the majority of investors have begun to shift their attention back to Bitcoin, an investment product that has almost disappeared in the past two years.

Industry insiders have given different opinions on the reasons for this round of Bitcoin surge. But it is undeniable that the most critical factor in this round of Bitcoin surge is the widespread recognition of blockchain technology around the world , which also makes Bitcoin's strong return this time more contemporary than before.

Representatives from 90 countries gathered in Washington to discuss blockchain innovation

From June 1st to 3rd , representatives of central banks and regulatory agencies from 90 countries around the world, including China, gathered at the Federal Reserve headquarters in Washington to attend the 16th International Conference on Financial Policy Challenges. During the conference, representatives listened to reports on blockchain technology, and representatives from various countries also detailed their countries' progress in exploring blockchain and digital currency technologies in the past year. At such a high-level meeting, representatives of central banks from 90 countries discussed blockchain together, indicating that the importance of blockchain is gradually emerging, and central banks of various countries have shown great interest in it, and have even planned to launch their own digital currencies.

The exploration of blockchain technology is not limited to the government level. The blockchain technology innovation from the private sector has been developing and growing quietly, and the concept of blockchain has been applied to technological innovation itself. It is understood that the first domestic physical mortgage full-function digital asset certificate , Ruitai Coin , is based on blockchain technology and has set up an information blockchain dedicated to recording supervision information, asset dynamic information, corresponding project information, and even business information and financial information about the dynamic status of the mortgage asset package. The application of this technology is equivalent to Ruitai Coin implementing an automatic supervision system. Ruitai Coin is undoubtedly the first batch of projects in China to implement blockchain technology , with dual credit support of blockchain credit and asset value credit . At the same time, the launch of Ruitai Coin digital assets will also open the curtain of blockchain technology serving Internet finance and move to the forefront of blockchain technology innovation practice . Today, Ruitai Coin has officially landed on the Xigu digital asset trading platform for online trading. In addition, according to the Ruitai Coin team, Ruitai Coin will also be launched on a mainstream domestic digital currency trading platform in the near future.

As the current core Internet technology and the frontier field of financial technology, blockchain and digital currency technology have been producing positive and considerable social impacts in recent years. I believe that with the joint efforts of many blockchain technology innovation companies and government departments, blockchain and digital currency technology can truly open up a new era of Internet financial development .