Research On The Application Mode Of Blockchain In Bank Of China Shandong Branch

In 2008,with the splendid birth of Bitcoin,it evoked the popular craze.But along with the constantly cooling Bitcoin,Block Chain-its underlying technology has gradually attracting people's eyes.Relying on the characteristics of unforgeability&free-of-tampering,open&transparent verifiability and traceability,it's believed that Block Chain can break through the development bottleneck faced by commercial banks and achieve strong development potential.Since 2016,in order to promote the block-chain industrial development,the whole China,inclusive of its provinces,municipalities and regions,have successively issued multiple policies for purpose of introducing the constant improvement of block chain.Meanwhile,plenty of key financial institutions have also pushed corresponding block-chain-application explorations sequentially.Therefore,this paper proposed making in-depth analyses around the principle related to commercial-banking block-chain applications,model construction and risk-warding measure can enrich the existing theories and provide some valuable references to the current commercial-banking Block-chain applications.And based on the above background,this paper focused on block-chain-related theories and constructions for commercial-banking models.Firstly,this paper briefly introduced the Block-chain-connected research results at home and abroad.Later,it gave a clear picture of the basic content of block-chain technology.Starting from the financial-system architecture,it made further analyses on the influences block-chain technology upon commercial bank and other financial-intermediary theories.And based on that,with SWOT-PEST,it proposed a series of conceptions around block-chain-related future practical-development strategies for Bank of China Shandong Branch,constructed the three scenario models,as well as further analyzed actual effects of such application models.Finally,this paper proposed a series of feasible risk-prevention measures accordingly for offering references for commercial-banking block-chain applications and promotions in future.It turned out that the entire paper made the following three contributions.Firstly,targeting to the current development pain points,it better established the key three Block-chain applications,namely cross-border trade settlement,forfeiting and account-receivable financing in the commercial-banking circle Secondly,viewed from the three dimensions,namely model advantage,economic benefit and other benefit,it made further explorations around actual effects made therein.Thirdly,it further proposed a series of applicable risk-prevention measures with the angles of application-model development,legislation and security in the commercial-banking sector.