Blockchain cross border letter of credit
blockchain technology refers to a way for the whole people to participate in bookkeeping. There is a database behind all the systems. You can think of the database as a big ledger. At present, they keep their own accounts.
Why is the Internet era coming to an end and the blockchain era coming
Once the
blockchain develops, it will burst out more innovation. As the first proct of blockchain, bitcoin has proced many innovations since its birth. For example, small cross-border payment, recording transfer transactions between currencies, recording various stocks, registering housing property rights, recording program codes, etc.
the steam age liberates social proctivity, the electrical age enlivens social cooperation ability, the Internet age connects the world, and the blockchain era will let us truly realize freedom
On August 16, 2018, Shen rujun, executive director and vice president of Bank of communications, gave a briefing at the regular press conference of the banking instry“ As of July 26 this year, BOCOM has opened 20 domestic certificates of blockchain, with a total amount of 156 million yuan. "
It is understood that for a long time, domestic L / C transactions have to go through a number of banks and express service providers, such as the issuing bank, the advising bank, the paying bank and the negotiating bank. Each institution completes the records in its own accounting system. The information between institutions is isolated and opaque. There are many problems in document processing, such as difficulty in authenticity verification, low efficiency, easy delay, easy loss and so onin April 2018, BOCOM blockchain domestic L / C project was put into operation. As of July 26 this year, BOCOM has opened 20 domestic certificates of blockchain, with a total amount of 156 million yuan
SHEN rujun said that bocom continued to pay attention to blockchain technology, and analyzed and judged that the domestic L / C, bill and supply chain financial business will bear the brunt, becoming a breakthrough in the application of blockchain technology in the field of banking finance
in addition to L / C, the instry's first blockchain asset securitization platform "jucaichain" was officially launched in bocom on June 27. The basic asset information of the first housing mortgage loan securitization financing proct is linked by bocom, which realizes the credit penetration of the securitization financing business system
, the world's first electronic wallet cross border remittance service based on block chaining, was launched in Hongkong in June 25th. Hong Kong Alipay AlipayHK users can send remittances to Philippines purse Gcash through block chain technology. p>
ant financial services said that alipayhk cooperated with gcash to become the first e-wallet in the world to use blockchain in the whole link of cross-border remittance, and Standard Chartered Bank was responsible for the day-to-day capital clearing and foreign exchange. Gcash users can consume immediately after they arrive at the account. Cross border remittance can also arrive in real time like domestic transfer, 7 × 24-hour uninterrupted, cost-effective, safe and transparent, it can be said to redefine the "cross-border remittance"
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