Cross border financial services blockchain platform

1.

blockchain platforms include Ethereum, Asch and other underlying application development platforms

Ethereum, an open source public blockchain platform with smart contract function, provides decentralized Ethereum virtual machine to process point-to-point contract through its special cryptocurrency ether (ETH)

arch, a decentralized application platform based on side chain technology. Asch is designed to lower the threshold of developers, such as using JavaScript as the application programming language and supporting relational database to store transaction data, which is believed to be very attractive to developers and small and medium-sized enterprises

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in 2008, Nakamoto first proposed the concept of blockchain. In the following years, blockchain has become the core component of electronic currency bitcoin: public account book for all transactions

by using peer-to-peer network and distributed timestamp server, the blockchain database can be managed independently. The blockchain invented for bitcoin makes it the first digital currency to solve the problem of repeated consumption. Bitcoin's design is a source of inspiration for other applications

bitcoin is the absolute mainstream of digital currency, and digital currency is in full bloom. Bitcoin, litecoin, dogecoin, dashcoin are common. In addition to currency application, there are various derivative applications, such as Ethereum, Asch and other underlying application development platforms, as well as NXT, SIA, bitstocks, maidsafe, ripple and other instrial applications

2. The development of blockchain financial trading platform includes:
cross border payment, supply chain finance, insurance, digital bill, asset securitization, bank credit reference and other fields
① cross border payment. Due to the characteristics of disintermediation of blockchain, openness, transparency and non tampering of transactions, no third-party payment institutions join in, which shortens the payment cycle, reces costs and increases the transparency of transactions< (2) digital bill. Blockchain has the characteristics of disintermediation, system stability, consensus mechanism and tamper proof, which can rece the operational risk, market risk and moral risk in the traditional centralized system< (3) credit management. In the field of credit investigation, blockchain has the characteristics of decentralization, distrust, timestamp, asymmetric encryption and smart contract, which ensures that limited and controllable credit data sharing and verification can be realized on the basis of effective protection of data privacy< (4) asset securitization. The characteristics of blockchain disintermediation, consensus mechanism and non tampering can increase the efficiency of data flow, rece costs, monitor the real situation of assets in real time, and ensure the trust of all parties in the transaction chain on the underlying assets< (5) supply chain finance. Due to the characteristics of disintermediation, consensus mechanism and non tampering of blockchain, it does not need a third-party credit enhancement agency to verify the authenticity of various relevant vouchers on the supply chain, so as to rece the financing cost and financing cycle< (6) insurance business. With the development of blockchain technology, personal health status, accident records and other information may be uploaded to the blockchain in the future, so that insurance companies can obtain risk information more timely and accurately when customers take out insurance, so as to rece underwriting costs and improve efficiency. The sharing transparency of blockchain reces the information asymmetry and the risk of adverse selection; The characteristics of its history can be traced, which is concive to recing the moral hazard, thus recing the difficulty and cost of insurance management.

3. There is no financial theory in the blockchain, and the rest are online currencies

4.

, 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"

5. hear nothing of. At present, there is no large-scale spread, but the concept is very hot

6. The problem of users is as follows: 1. Our institutional users have been admitted in the past two days. Now we are waiting for the API to be opened. For indivial users, we cooperate with the activities of the currency side, and mining begins. This is a short-term strategy, and the medium and long-term strategy is word-of-mouth plus operation. This is to compete with other exchanges.

7. The "cross border finance" service zone focuses on displaying cross-border services (including studying abroad, international business travel, investment immigration, expatriate work, people coming to China, etc.) to meet the cross-border service needs of different types of customers
the entrance of the "cross border finance" service zone is set at the function shortcut entrance on the right side of the home page after logging in the classic style personal online banking. Click "cross border finance" to enter the service zone

if you have any questions, you are welcome to consult the online customer service of Bank of China or download and use the mobile banking app of Bank of China to consult and handle relevant business

the above contents are for your reference, and the business regulations shall be subject to the actual situation