As core technology for the crypto currency, blockchain is a distributed ledger technology. As it is "Nearly Impossible to Tamper", "Decentralized and Public", it provides efficiency and security for trust-based transactions and trading of important data. Initially, blockchain was put in practical use as "FinTech", providing efficiency and reliability in financial industry. Up to now, its use has spread to food, energy, real estate, beauty, medicine, logistics and retailing industries. In developing countries, blockchain is used to provide "Digital Identity" to provide credit facilities or set up credit record for citizens without registration or ID card.
In other words, blockchain provides a new route to create credit record for a citizen without public identity, realizing those economic activities which would have been impossible (mobile phones, signing residence contracts, etc.). In future, blockchain and its related technology will have strong economic impact so as to change the way the world operates. Bit One Group will do its utmost in pursuit of the possibilities of blockchain and development of related system applications.