Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023)

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The Application of Blockchain Technology in E-CNY in China

Authors
Haomin Feng1, *
1School of Data Science, The Chinese University of Hong Kong (Shenzhen), 518172, Shenzhen, China
*Corresponding author. Email: 120090867@link.cuhk.edu.cn
Corresponding Author
Haomin Feng
Available Online 30 November 2023.
DOI
10.2991/978-94-6463-298-9_52How to use a DOI?
Keywords
E-CNY; blockchain technology; digital currency; payment service
Abstract

Following the development of modern information and computer technology, different countries and industries are looking for innovative and groundbreaking technical breakthroughs. As a big country in the world, China is trying to use blockchain technology to revolutionize currency policy. This article introduces the origin of blockchain technology and how do Chinese government use it. The article focused on the new digital currency called e-CNY. Analysis of the applications, existing problems and challenges and advantages. Predict the future and make some suggestions for e-CNY. Though the Chinese government has put a great deal of effort into e-CNY, this digital currency needs to improve in many different areas. E-CNY is facing challenges from electronic payment platforms since e-CNY is not as convenient as them. The technology is not perfect yet and is hard to publish a more general policy to cover all areas of daily life. Those problems, the Chinese government can find solutions for them. E-CNY is a large-scale application of blockchain technology in the second-largest economy. This is of great significance to the development and application of information technology around the world.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
30 November 2023
ISBN
978-94-6463-298-9
ISSN
2352-5428
DOI
10.2991/978-94-6463-298-9_52How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Haomin Feng
PY  - 2023
DA  - 2023/11/30
TI  - The Application of Blockchain Technology in E-CNY in China
BT  - Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023)
PB  - Atlantis Press
SP  - 479
EP  - 486
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-298-9_52
DO  - 10.2991/978-94-6463-298-9_52
ID  - Feng2023
ER  -