1. Is Alipay equal to the blockchain? Blockchain? When this brand-new concept appeared on the Internet, many people were explaining it. The blockchain is simply a digital account that cannot be tampered with. Some people apply this concept to Alipay, which is actually inaccurate. Alipay is an intermediate platform for transactions between two accounts, but it has a centralized application. That is to say, if the balance in your account is insufficient at the time of payment, Alipay will automatically jump to the bank card you are bound to. If the payment is successful, the Alipay page will display the words "successful transfer". From this perspective, Alipay is the representative of a centralized application. The core essence of blockchain is decentralization, so the two cannot be equated.
Second, blockchain technology is applied to Alipay. In the blockchain, special algorithms and rules are used to completely ban mediation. In the process of decentralization, no country, organization or individual can destroy or tamper with the data in it. This decentralization can completely guarantee the security of the account. Alipay uses blockchain technology in liquidation, getting rid of the old four-party collaborative liquidation mode of exchanges, securities companies and settlement companies, and can complete the liquidation of property in a short time. At this point, blockchain technology has helped Alipay build a powerful processing center, which is very useful for Alipay.
I believe that with the continuous promotion of blockchain technology in the future, our social credit system will continue to improve. I will also learn more about blockchain technology and build a faster and more convenient middleman platform.