How To Change The Future Of Textile Industry?

In October 24th, the Politburo of the CPC Central Committee conducted eighteenth collective studies on the status quo and trend of block chain technology development.

This is the eighteen largest party since the CPC Central Committee Politburo launched the first dedicated learning of a technology. The high-level statement on block chain technology has quickly spread this concept to the national vision.

Driven by this big wave, the stock chain of China's block chain listed on the US stock market rose sharply, rising 107.8% overnight, and bitcoin rose more than 30% overnight breaking the $10 thousand mark.

Monday, the block chain plate rose without suspense, becoming the most powerful sector of A shares. Once there were 200 stocks trading at the stage of collective auction. After opening, more than 100 stocks were collective trading.

In fact, the block chain has not been well known in the past. Before talking about the block chain, we may think of bitcoin, hype and money for the first time. Once became a " Cheater camp "

But in fact, block chain technology is a new generation of technology after Internet technology, to some extent, How important the Internet is now, and how important the future block chain is. The development of block chain technology can be said to be the trend of the times. What is block chain technology?

Block chain, originated from bitcoin, is a new application mode of distributed computing technology, such as distributed data storage, peer to peer transmission, consensus mechanism, encryption algorithm and so on. De centralized database And has anti-counterfeiting effect.

A little muddled, right? When Xiaobian first saw this concept, he was also muddled. He then looked for information and read it carefully, and then summed up a " Putonghua Edition "

Block chain technology seems to be tall and far away from textile, but when it develops to a certain extent, it will probably go deep into all aspects of the textile industry and become the answer of the textile industry in the future.

The characteristics of block chain are centralization, traceability, information symmetry, safety and visibility, which are suitable for the production, operation and trade links of textile enterprises.

For importers, exporters and manufacturers, the end-to-end information transparency can monitor the whole production process in real time, increase communication efficiency in all links, and trace the origin of products.

Specifically, when the block chaining technology has developed to a certain extent, traders can think of an order and check it in the database. The fabric is made of a factory's silk, which weaving factory is dyed, which dyed factory is dyed, and where it is made. After that, what is the qualification of these factories?

When the block chain technology is mature, five major management systems are included in the foreign trade business. Logistics, ports, customs, supply chain, transportation At the same time, collaborative management ensures that all information is electronically shared in real time. Sharing information in real time ensures the efficiency and effectiveness of every link in the logistics process, and effectively reduces the expenditure of manpower and material resources.

To put it simply, when doing foreign trade in textile industry, enterprises will do business. There is no need to go to various agencies to run various kinds of proofs and reduce various examination and approval procedures. It can effectively reduce the circulation period of goods, reduce costs and save time.

In addition, in the process of transaction settlement, the application of block chain technology to cross-border payment is equivalent to creating a peer to peer network between transnational financial institutions. The transaction demand of remittance and remittance can be directly matched to reduce the risk of exchange rate fluctuation and reduce the cost of cross-border payment.

When the block chain technology is applied to a certain extent, it will largely affect the way of contract transaction.

In the future, the transparency of information will further increase in the market, and the division of production of products will be further refined. Individual enterprises may only be responsible for the single link of products.

For example, if a garment company wants to produce a garment, it can easily find the enterprise responsible for each link through the real data on the Internet, and finally realize it. The most efficient division of labor And the products of excellent enterprises can also sell higher prices in a fully competitive market.

In the process of settlement, the current way of transaction is generally to pay a portion of the deposit first, and then after the cloth is woven, the funds will be paid after a period of account, but there is a risk of default on both sides. For example, now the market is bad, many weaving owners say that there are a lot of arrears.

When the block chain technology is applied, the parties confirm that after the transaction is completed, When the agreed period arrives, the settlement of funds will be carried out automatically without giving the other party the opportunity to bet on money. 。

In addition, future enterprises Reconciliation, bills and taxation There is also a great possibility that block chaining technology will be used.

In doing business, we should consider not only the quality and cost performance of products, but also the credit and strength of partners.

In the traditional textile business, In search of partners, there are online searching for information, finding acquaintances, and searching for a needle in the market, but this is a lack of efficiency and a great deal of risk.

Although our credit reporting system is being improved, there are still many limitations.

As of May 2017, there were 138 corporate credit agencies and 9 personal credit bureaus in China's credit market. Among them, the "100 line credit" of the remaining eight holdings had been granted a licence, which led to many misplacement.

There is such a phenomenon in the textile market, some old Lai once owed a lot of money, but when he changed a vest, he could come back.

And when the block chain technology is mature, the overall credit of individuals will be comprehensively evaluated. The list of dishonest people can be shared by the whole society, so that all the "old Lai" can not escape.

Under the traditional supply chain finance mode, information is not transparent, which leads to financing difficulties and high costs for SMEs.

According to Foxconn, a manufacturing giant, the financing cost of its first tier suppliers may be 5%, the cost of financing for the two tier suppliers is 10%, the cost of the three class suppliers is 25% or even higher, and the more the chain ends, the smaller the amount of financing will be.

When the block chain technology is applied, the real order and receivables in the enterprise can become collateral for loans, which can greatly reduce the financing cost of small and medium-sized enterprises.

In March 2017, the Internet financial platform point fusion network and Foxconn group's financial platform Fu Jin Tong jointly launched the block chain financial platform "Chained Finance", providing financing services for Foxconn's core enterprises. At present, the platform has covered 150 suppliers and the amount has reached RMB 500 million. Through this platform, the financing cost of small and medium-sized enterprises can be reduced to less than 10%. In the future, the platform will also develop towards the garment industry.