Application and Prospect of Blockchain Technology in China’s Commercial Banks

DOI

10.2991/aebmr.k.210319.082How to use a DOI?

Keywords

Blockchain technology, Commercial banks, China

Abstract

For the traditional financial industry, blockchain technology has brought an unprecedented revolution. In recent years, blockchain technology has become one of the most important research directions of financial technology in commercial banks in China. The application of blockchain technology in commercial banks can help optimize payment and settlement system, improve credit risk management and control mode, improve the operation efficiency of the middle and back office, and develop smart finance. At the same time, blockchain technology brings many challenges. Based on the introduction of the evolution and characteristics of blockchain, this paper analyzes the necessity of the application of blockchain technology in China’s commercial banks, puts forward the policy advices of the application of blockchain in commercial banks.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Tianyu Liu
AU  - Dayan Lin
PY  - 2021
DA  - 2021/03/22
TI  - Application and Prospect of Blockchain Technology in China’s Commercial Banks
BT  - Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021)
PB  - Atlantis Press
SP  - 449
EP  - 453
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210319.082
DO  - 10.2991/aebmr.k.210319.082
ID  - Liu2021
ER  -