ABS blockchain
Although the current blockchain technology is still in the initial stage, the advantages of this technology have begun to be reflected. In many fields, blockchain can proce great value, and I believe there will be more landing application scenarios in the future,
blockchain + cross border payment
at present, the mainstream way of cross-border remittance is wire transfer, and its cycle is generally as long as three to five working days. In addition to certain handling charges, intermediary banks will charge certain handling charges, Swift (Global Interbank Financial Telecommunication Association) will also charge a higher fee for the message exchange of its system. In China, a single fee of 150 yuan will be charged for cross-border remittance through the Bank of China
and the use of blockchain technology allows the remitter and the payee to pay and settle directly, eliminating all intermediate costs, so that cross-border payment and settlement can be completed point-to-point quickly. While improving the speed of settlement, it can also achieve all-weather payment, real-time arrival, simple embodiment and no hidden cost
It is reported that with the recent issuance of China's first exchange ABS "network Changan Xinsheng Tianfeng 2017 first phase asset support special plan" based on blockchain technology, China's asset securitization issuance has been increasing year by year in the past five years, and the number of asset securitization procts and total issuance scale have reached a new level
Analysts said that for a long time, the issuing market of credit ABS and exchange enterprise ABS in the inter-bank market is relatively large, while the market of asset-backed notes and asset-backed plan in charge of CIRC in the inter-bank market is relatively small. However, recently, the enterprise ABS under the securities regulatory system has fully overtaken the credit ABS, and the insurance asset management ABS has graally emergedI hope China's economy can develop rapidly