Application of blockchain in financial industry

1. Because the digital currency, which is the first generation of blockchain technology, has a huge impact on the financial field, the research and application of blockchain technology has become an important task in today's financial field. In essence, blockchain technology still belongs to a kind of technical means and tools. Its application in the financial field and the real economy is parallel. It has its own relative independence, but it also has a certain degree of intersection. That is to say, its role in promoting the real economy is indirect. 1. No matter in finance or entity, one of the bases of transaction between supply and demand is trust. The current bank to enterprise, enterprise to enterprise and enterprise to person are all linked by money. With the further popularization and wide application of blockchain technology, enterprises and enterprises, or indivials can issue digital currency (Digital credit) by themselves in the future, and the status of banks will change from monopoly operation to equal competition operation in the market. Therefore, the wide application of blockchain technology in the financial field has an indirect impact on the real economy. 2. Blockchain technology is the bridge between reality (entity) and virtual world. Through blockchain technology, the real world can be reconstructed, reconstructed and redefined in the virtual world. For example, the digital currency of real paper money in the virtual world, the digital stock transaction of real stock transaction in the virtual world, the digital settlement, digital customs clearance, digital documents and bills of real import and export trade in the virtual world can greatly improve the efficiency of business process and save the transaction cost. At present, all transactions are inseparable from the bank. The bank plays a central role in the transaction. The application of blockchain technology by the bank will certainly improve the efficiency of its settlement and indirectly promote the efficiency of the real economy, but this impact will graally weaken in the future. Because the biggest feature of blockchain technology is decentralization, its distributed accounting system is a network system without center. 3. In fact, the application of blockchain technology is to value and credit the information flowing on the Internet. Through the blockchain, the information with (use value, exchange value, cultural value) in the Internet is reorganized and newly constructed to form a value Internet. It is of great significance. It will bring revolutionary promotion to both the financial instry and the real economy.

2. There are many. Blockchain is characterized by sharing and trust. So in the application of financial field, we should pay attention to two points: first, there should be interaction, that is, transactions are very frequent, and people use data very frequently. Second, this part of business needs multi-party trust, and then low-cost trust can be established through the blockchain
for details, you can refer to Bubi blockchain, a domestic blockchain company that has done a better job. At present, they mainly focus on two aspects of business: one is supply chain finance, which means frequent interaction and complex business; Another is bumeng, which mainly establishes the credibility of digital assets through the blockchain platform.

3. The main advantages of blockchain technology in the financial field are disintermediation and cost rection. First of all, e to the prevention of single point of failure and systemic risk, the financial instry needs to carry out layer upon layer audit to control the financial risk, but it also causes high internal costs. Blockchain technology can greatly rece the cost of the entire financial system through tamper proof and high transparency. There is a lot of blockchain related information in the chain broadcast. You can have a look if you are interested.

4. The first is definitely because of policy support. Most of the blockchain instrial parks are dominated by the government. The second is the participation of local enterprises, including capital and technology. The third is to have blockchain application projects that can be supported. Changsha high tech Zone also has a blockchain Instrial Park. Now it has launched a SMIC blockchain service platform project, It is also a blockchain application landing project.

5. Xu Mingxing is very optimistic about this, and said that the emergence and application of blockchain technology has improved the high labor cost and time cost faced by the audit in the traditional financial field. This technology plays an important role in greatly improving work efficiency, realizing the non tampering of financial data and implementation of traceability, and eliminating fraud.

6. The data of enterprise accounts receivable can often directly reflect the proction and sales scale, enterprise benefits, financial status and other information of the enterprise, which is closely related to the development and survival of the enterprise. In recent years, the accounts receivable of various instries in China remain high, which seriously affects the capital turnover of enterprises, making the enterprises in the debt chain unable to operate normally, struggling, and even going bankrupt. Therefore, the management of accounts receivable has become a very important issue in business activities. How to monitor the occurrence of accounts receivable and how to deal with the bad debts of enterprises? From the legal point of view, we need to pay attention to the prevention of the risk of accounts receivable, legal means of collecting accounts, evidence collection and so on. Enterprises may have a lot of accounts receivable in the process of operation, and even debt disputes, enterprises may suffer losses. Yuntu supply chain finance has been deeply engaged in the field of supply chain finance for many years, helping many small and medium-sized enterprises to realize supply chain financing. According to its practical experience, it will analyze in detail the legal problems that may be encountered in the collection of business accounts, hoping to help enterprises to take preventive measures. Yuntu @ supply chain finance% is good. Pay close attention to "cloud picture finance" and get supply chain finance dry goods every day.