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How will blockchain change the future of the textile industry?
Release Date:
2019/11/27
Blockchain technology is a new generation of revolutionary technology after Internet technology. To some extent, the future blockchain will be as important to people's lives as the current Internet. Blockchain is a new application model of computer technology such as distributed data storage, peer-to-peer transmission, consensus mechanism, encryption algorithm, etc.
Blockchain technology is a new generation of revolutionary technology after Internet technology. To some extent, the future blockchain will be as important to people's lives as the current Internet. Blockchain is a new application mode of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm, etc. Its essence is a decentralized database with anti-counterfeiting effect.
Block chain technology seems to be high and far away from textile, but in fact, when it develops to a certain extent, it may go deep into all aspects of the textile industry like the current Internet technology and become the answer to the future of the textile industry.
1, trace the source of the product, to ensure the authenticity
The characteristics of blockchain decentralization, traceability, information symmetry, safety and visualization are naturally applicable to the production, operation and trade links of textile enterprises. End-to-end information transparency and absolute authenticity can monitor the entire production process in real time, increase communication efficiency in each link, and trace the origin of the product. In the future, when the block chain technology develops to a certain extent, traders want to place an order and check in the database to know which factory's yarn is used for this fabric, which weaving factory weaves it, which dyeing factory dyed it, where it was done after finishing, and what are the qualifications of these factories.
2, no need to run all kinds of proof, foreign trade time is shorter, lower cost
When the blockchain technology is mature and applied, all information is electronically shared in real time when conducting foreign trade business. Real-time sharing of information to ensure the efficiency and effectiveness of each link of the logistics process, enterprises do not need to go to various institutions to run a variety of certificates, reduce a variety of approval procedures, effectively reduce the cycle of goods circulation and human and material resources expenditure.
3, the settlement of funds automatically, so that the old Lai no hiding.
In the settlement process, the current transaction method is generally to pay a part of the deposit first, and then after the product comes out, and then after a cycle of accounting period after the payment, but there is a risk of both parties defaulting on the arrears. When the block chain technology is used, both parties confirm that the transaction is completed, when the agreed account period arrives, the settlement of funds will be carried out automatically, without giving the other party the opportunity to default on the account when it is clear that the other party has money. Blockchain technology can also make an overall comprehensive evaluation of individual credit, and the list of dishonest people can be shared by the whole society, so that all "old scoundrels" have nothing to hide.
In addition, it is very likely that the future reconciliation, bill and tax payment of enterprises will use blockchain technology.
4. Orders can also be guaranteed, and financing for small and medium-sized enterprises is no longer difficult.
Under the traditional supply chain finance model, the lack of transparency of information leads to financing difficulties and high costs for SMEs. When using blockchain technology, the real orders and receivables in the hands of enterprises can become collateral for loans, which can greatly increase the financing channels of small and medium-sized enterprises and reduce the financing costs of small and medium-sized enterprises.
As an important part of Internet technology, blockchain technology will inevitably affect the production and operation mode of enterprises to a great extent in the future. Although blockchain technology is not yet mature and many applications are only in the theoretical stage, it will undoubtedly change the future of the textile industry!
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Shandong Codlove Blanket Co.,ltd
Shandong Cheng Qian Home Textile Co., Ltd
International trade department telephone:
+86-539-3105192 +86-539-3105196
Address:
137 Torch Road, High-tech Development Zone, Linyi City, Shandong Province
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