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What problems can blockchain solve for banks
Publish: 2021-04-20 01:55:50
1. blockchain will not lead to the disappearance of banks. Blockchain will only improve the business of banks
at present, some well-known financial institutions in the world have begun to pay attention to blockchain and have carried out corresponding research and development. But banks will only make use of blockchain and will never let blockchain replace themselves
the underlying technologies of bitcoin, Ruitai and Laite are blockchain, but no one can replace the bank.
at present, some well-known financial institutions in the world have begun to pay attention to blockchain and have carried out corresponding research and development. But banks will only make use of blockchain and will never let blockchain replace themselves
the underlying technologies of bitcoin, Ruitai and Laite are blockchain, but no one can replace the bank.
2.
As a traditional financial institution, banks are the most active Pathfinder in the field of blockchain. In recent years, many banks at home and abroad have applied blockchain technology to credit, clearing and other fields. The unique trust mechanism of blockchain is regarded by banks as a key technological breakthrough in innovating risk management and simplifying transaction process. However, as an emerging technology, blockchain ecology is still in the process of establishment, and its application is very limited. Many problems still need to be solved graally in the development
"at present, blockchain can't run high-frequency and concurrent transactions, and network speed and computing power can't support it. For example, in the field of payment, if it is online shopping, it can be realized; If it's high-frequency futures trading, it can't be done. " Huang Zhen said
JIANG Peng said that at the beginning of designing the blockchain system, China CITIC Bank carefully demonstrated the business links suitable for the use of blockchain
"from the global experience, it is not suitable to use blockchain to build a large and complex system. Instead of trying to solve all problems with blockchain, we should focus on solving the core problems. It's time-consuming to build a too complex system. The technology is developing so fast that before the old system is finished, it will face the iteration of new technology. " Jiang Peng said
the idea of "only solving core problems" ensures that after the blockchain goes online, the relevant business operations of branches of China CITIC Bank can be upgraded without process transformation
Fan Bin said frankly that it will take time for banks to fully apply the blockchain, and IBM's investment in the blockchain open source community will continue, on the one hand to cultivate the market, on the other hand to compete for the commanding height of the blockchain platform. With the rapid iteration of blockchain technology itself, there is still a lot of imagination for financial institutions to use this new technologythe content comes from Xinhuanet
3. Blockchain is a technology that can completely change the underlying design of the financial system, because it can realize the undifferentiated record between the ownership of all assets in the market and the transaction records of all market participants, so it can completely eliminate the intermediate links of clearing and trusteeship, which are used to confirm the ownership before, ring and after the transaction; In addition, as an electronic information record, blockchain can be combined with computer algorithm to realize the automation of transactions, that is, intelligent contract. There are many derivative applications of blockchain combined with other financial technologies, each of which can replace a kind of market intermediary. Blockchain is to financial services what TCP / IP is to the Internet: once the underlying standards are recognized and popularized, specific applications like bitcoin and R3 will appear in every corner of financial services. Bitcoin uses blockchain technology to query and record. For example, if I register an account in haobtc and transfer the money, I need to query the status in the block browser in the account or the block browser in BTC. In this way, the blockchain technology helps me solve the problem of daily transfer currency query.
4. At present, it is 5173 and Taobao. Taobao is cheap. 5173 is about 20 percent
5. There are two roles and four moles in the cross-border payment solution based on euz. The two main roles are the gateway and customer participating in the euz payment. They are as follows:
the first role is gateway, which can be bank, market maker, liquidity provider, etc. The main function of the gateway is to let the legal assets in reality enter the blockchain payment and settlement network
the second role is customers, which can be all kinds of international trade customers. Customers are the parties involved in the blockchain payment transaction, and jointly participate in the confirmation of transaction information. In the process of transaction, once either party does not confirm the transaction, the transaction cannot be formally effective. Through this common verification, the risk of information opacity is greatly avoided, and the risk of cross-border payment in international trade is reced
the four functional moles in blockchain payment and settlement are the core business logic moles in cross-border payment
the first function mole is network connector. It is a tool to help all kinds of institutions access blockchain payment network as gateway. Network connector is a "plug and play" function mole, which can be integrated with the existing international payment and settlement system, so that banks can process cross-border payment business through blockchain. The mole is connected with the remitting bank and the receiving bank to exchange personal information, expenses, delivery details, payment details, etc. After the system confirms the transaction information of both parties, the mole connects the blockchain payment ledger for settlement processing, and notifies all parties to confirm the transaction
the second function mole is blockchain payment ledger. Banks, market makers, etc. access blockchain payment books as nodes
the third function mole is the market maker client. The market maker submits digital assets to the blockchain payment account book, and the settlement platform can realize the function of market maker through internal exchange settlement or integration into the blockchain payment network through this mole
the fourth function mole is transaction client. Customers can directly operate blockchain payment settlement through the client.
the first role is gateway, which can be bank, market maker, liquidity provider, etc. The main function of the gateway is to let the legal assets in reality enter the blockchain payment and settlement network
the second role is customers, which can be all kinds of international trade customers. Customers are the parties involved in the blockchain payment transaction, and jointly participate in the confirmation of transaction information. In the process of transaction, once either party does not confirm the transaction, the transaction cannot be formally effective. Through this common verification, the risk of information opacity is greatly avoided, and the risk of cross-border payment in international trade is reced
the four functional moles in blockchain payment and settlement are the core business logic moles in cross-border payment
the first function mole is network connector. It is a tool to help all kinds of institutions access blockchain payment network as gateway. Network connector is a "plug and play" function mole, which can be integrated with the existing international payment and settlement system, so that banks can process cross-border payment business through blockchain. The mole is connected with the remitting bank and the receiving bank to exchange personal information, expenses, delivery details, payment details, etc. After the system confirms the transaction information of both parties, the mole connects the blockchain payment ledger for settlement processing, and notifies all parties to confirm the transaction
the second function mole is blockchain payment ledger. Banks, market makers, etc. access blockchain payment books as nodes
the third function mole is the market maker client. The market maker submits digital assets to the blockchain payment account book, and the settlement platform can realize the function of market maker through internal exchange settlement or integration into the blockchain payment network through this mole
the fourth function mole is transaction client. Customers can directly operate blockchain payment settlement through the client.
6. From the published R & D results, there have been some significant progress in the core basic technology fields of blockchain, such as "consensus algorithm", "encryption algorithm", "smart contract situational test". The feature of complete "decentralization" of blockchain is not applicable in the financial field, and distributed and polycentric is expected to become a realistic choice. Blockchain, known as a disruptive technology, will become the key infrastructure of Internet Finance and even the whole financial instry. At present, capital and institutions at home and abroad are speeding up the layout of blockchain technology. Experts said that the rapid development of blockchain technology is becoming a hot spot for investment. This year, the financing amount of blockchain venture projects has exceeded 1.4 billion US dollars
in recent years, the investment field has been paying more attention to blockchain. Since the beginning of bitcoin, blockchain technology has been explored in many application fields. Nasdaq, New York Stock Exchange, Citibank and other overseas financial institutions are also trying to carry out business innovation of blockchain finance, and the development of blockchain technology is also a major focus in China., For reference only!
in recent years, the investment field has been paying more attention to blockchain. Since the beginning of bitcoin, blockchain technology has been explored in many application fields. Nasdaq, New York Stock Exchange, Citibank and other overseas financial institutions are also trying to carry out business innovation of blockchain finance, and the development of blockchain technology is also a major focus in China., For reference only!
7. I choose Chinese currency! Low operation delay, idle can also save money mining EOS, very suitable.
8. The relatively stable currencies in foreign exchange are US dollar and euro< Note:
1. Foreign exchange is the creditor's right that the monetary Administration (central bank, monetary administration, foreign exchange stabilization fund and the Ministry of Finance) can use in the event of balance of payments deficit in the form of bank deposits, treasury bonds of the Ministry of finance, long-term and short-term government securities, etc
it includes foreign currency, foreign currency deposits, foreign currency securities (government bonds, treasury bonds, corporate bonds, stocks, etc.), and foreign currency payment certificates (bills, bank deposit certificates, postal savings certificates, etc.)< Foreign exchange currency pairs have the following currencies:
1. US dollar (USD): the monetary unit of the United States. More than 80% of international trade and foreign exchange transactions use US dollar as the valuation currency. The US dollar is the most active currency and plays an absolutely important role in international trade and finance
2. Euro: the unified currency of the European Monetary Union. With more than a dozen member countries and more than 300 million people, this alliance has higher supply capacity than the United States, so the euro has the same strength as the US dollar
3. British pound (GBP): the monetary unit of the United Kingdom. After the Bretton Woods conference in 1944, the US dollar replaced the pound as the world's financial hegemony, and now the pound has become the third largest reserve currency in the world< 4. Japanese yen (JPY): the monetary unit of Japan. In terms of economic and trade relations, Japan's trade surplus mainly comes from the United States, while the foreign trade of the United States mainly comes from Japan. The yen is still the most important currency in Asia
5. Hong Kong dollar (HKD): the monetary unit of Hong Kong Special Administrative Region of China. The Hong Kong dollar is famous for its linked exchange rate system, which is based on the US dollar and maintains a fixed exchange rate
6. Swiss Franc (CHF): the legal tender of the Swiss Federation. Switzerland is a neutral country, the domestic political and economic situation is stable, and the Swiss bank is the most confidential bank in the world, so the Swiss franc is often the rival currency of the US dollar.
1. Foreign exchange is the creditor's right that the monetary Administration (central bank, monetary administration, foreign exchange stabilization fund and the Ministry of Finance) can use in the event of balance of payments deficit in the form of bank deposits, treasury bonds of the Ministry of finance, long-term and short-term government securities, etc
it includes foreign currency, foreign currency deposits, foreign currency securities (government bonds, treasury bonds, corporate bonds, stocks, etc.), and foreign currency payment certificates (bills, bank deposit certificates, postal savings certificates, etc.)< Foreign exchange currency pairs have the following currencies:
1. US dollar (USD): the monetary unit of the United States. More than 80% of international trade and foreign exchange transactions use US dollar as the valuation currency. The US dollar is the most active currency and plays an absolutely important role in international trade and finance
2. Euro: the unified currency of the European Monetary Union. With more than a dozen member countries and more than 300 million people, this alliance has higher supply capacity than the United States, so the euro has the same strength as the US dollar
3. British pound (GBP): the monetary unit of the United Kingdom. After the Bretton Woods conference in 1944, the US dollar replaced the pound as the world's financial hegemony, and now the pound has become the third largest reserve currency in the world< 4. Japanese yen (JPY): the monetary unit of Japan. In terms of economic and trade relations, Japan's trade surplus mainly comes from the United States, while the foreign trade of the United States mainly comes from Japan. The yen is still the most important currency in Asia
5. Hong Kong dollar (HKD): the monetary unit of Hong Kong Special Administrative Region of China. The Hong Kong dollar is famous for its linked exchange rate system, which is based on the US dollar and maintains a fixed exchange rate
6. Swiss Franc (CHF): the legal tender of the Swiss Federation. Switzerland is a neutral country, the domestic political and economic situation is stable, and the Swiss bank is the most confidential bank in the world, so the Swiss franc is often the rival currency of the US dollar.
9. The most important thing of blockchain is to solve the problem of intermediary credit. In the past, it was difficult for two people who didn't know and trust each other to reach cooperation, and they had to rely on a third party. For example, in the past, there must be a bank or an institution such as Alipay. However, through the blockchain technology, bitcoin is the first time for human beings to complete the transfer behavior that can be trusted by both parties without the participation of any intermediary. This is a major breakthrough in blockchain. In the market environment of short supply of blockchain, black horse programmers are the first to offer blockchain courses. Those who are interested can pay attention to it.
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