The Application Of Block Chain Technology In Trust Industry

As a financial means,trust is essentially a legal system of property management.With the constant improvement of trust system,its application field is more extensive,gradually from the common civil field development in the field of financial business,together with the banking,insurance,securities,together constitute the four pillars of the modern financial system.At the end of the third quarter of 2017,the trust industry managed assets of over 24 trillion yuan,which is the second largest financial sub-sector after the banking industry,and the importance of the system is increasingly prominent.However,China's trust industry has weak awareness of cost control and high cost.Management asset quality is riot high,existence risk hidde'n danger;The existing business is dominated by channel business,which deviates from the active management of the trust industry and the business origin of asset management.Today,in financial science and technology,blockchain finance is particularly attractive.Block chain technology in 2016 was listed in "much starker choices-and graver consequences-in planning","two sessions" during 2018,a number of members put forward proposals about chain technology development blocks,suggests that the Chinese government attaches great importance to the attitude of block chain,has important guiding significance to the research on domestic chain blocks.The emergence of any new technology is bound to have its time background and development law,which will have the surface and material effect on the traditional industry to some extent.This article to study the effect of block chain technology for mukesh ambani,from the aspect of business analysis block chain technology is discussed how to improve the efficiency of trust,to optimize industry risk management,promote the emerging business,promote industrial upgrading transformation,return to the trust business.At the same time,points out that the use of new technology at the same time,we should pay attention to advance carefully,correct analysis its risks,such as memory capacity,technical security issues,legal and regulatory issues,and docking with the existing business problems.Finally,a case study is made to illustrate and analyze the existing situation of the application of blockchain technology in the trust related business.