Research On Blockchain Technology Application Of Bank Payment And Clearing In China

In 2008 Satoshi Nakamoto issued a white paper,In less than 10 years Bitcoin has developed so rapidly that it has been well known from the initial technology fans to the public.Its underlying blockchain technology is highly respected.It has the natural characteristics,For example decentralization,data cannot be tampered,high efficiency.It has a vast application space especially in the financial sector.While payment is one of the most basic fields of Finance,Efficiency has always been the goal pursued by payment,so blockchain technology has broad apply prospects in payment including clearing.This paper analyzes the situation of payment and clearing in and the challenges we face,and analyzes the core advantages of blockchain technology by using the methods of case analysis,reference and technical principle analysis,deeply understanding the process of Bitcoin transaction,Integration of blockchain platform design program,the blockchain technology and the existing financial payment scene in China combined from the technical,institutional aspects of the implementation of the program organization.It includes six parts as following:The first part is about the background and significance of selected topic,the research situation at home and abroad,the innovation point of the paper,the research ideas and methods,the structure of the paper.The second part introduces the concept of blockchain technology,payment and digital currency.The third part The third part introduces the situation of digital currency and block chain used for payment and clearing,as well as some policies of major countries.The fourth part.begins with the payment flow in our daily life and the cross-border payment process,and summarizes the existing problems and challenges in payment from some cases in domestic and international.For example,Efficiency is low and the cost is high,the system is not always available,data can be easily tampered with and other deficiencies.The fifth part is blockchain payment and clearing solution design,it discribes the technical characteristics and benefits of blockchain platform,points out the core competitiveness of blockchain technology.A multi centralization fusion platform solution using blockchain technology platform is proposed and uses it to improve the current common payment and clearing system design.The sixth part is the implementation of the block chain payment platform from the technical and institution aspects respectively.The technical aspects describe the realization of cross-chain payment and improve transaction performance.The institution of blockchain technology in legal,management,supervision and other initiatives.