Study On The Application Of Block Chain Technology In Accounts Receivable ABS

In recent years,China is in the downward stage of the economic cycle as a whole,The market for ABS Asset Backed Securities is getting bigger and bigger,as a structured financial product,the traditional ABS has a lot of risks.Block chain,as a new technology of distributed database,can eliminate this kind of structural risk effectively by its decentralization,untampering,intelligent contract and so on.Therefore,it is a topic worthy of further study to explore how to creatively develop the receivable ABS business based on block chain technology.Starting from the significance and theory of block chain technology in account receivable ABS business,this paper analyzes it with model induction method and case analysis method.Through the game theory model to analyze whether the financier and the investor default or invest the payment matrix: in the traditional mode investors need to take the project success rate of the financier as the basis of whether to invest or not;Under block chain technology,investors can safely invest because of the high default cost of financiers.In the whole article,the specific code realization of block chain technology is not studied in detail,and the emphasis is put on how to improve the ABS of accounts receivable by block chain technology.The efficiency of business transactions,how to save transaction costs,and how to form abetter credit mechanism on both sides of the transaction to solve the credit problems arising from asymmetric information.Taking JingDong White Article account Receivable account ABS as an example,it is found that there are some information opacity problems in JingDong White Strip account Receivable ABS business,such as fund side,asset side and rating party.If block chain technology is introduced into business process link,The application of consensus mechanism and asymmetric encryption algorithm to the whole ABS product process can fully disclose the ABS business information of accounts receivable,and at the same time,it can also improve investors' investment.The confidence of the traditional accounts receivable ABS business in the problem of default of financiers.New technology is a decisive force in promoting social transformation.If you have the same hardware or data terminals,you can have equal access to information,resources,and all kinds of opportunities.Theoretically speaking,it is beneficial to eliminate the social gap between urban and rural areas and promote social justice.Under the constraint of mathematical algorithm,block chain technology has gone from concept demonstration to the initial stage of practical application,and our country should strengthen the basic research on block chain technology.Based on the advanced experience of foreign countries,the mechanism of combining industry-university-research to train the talents of block chain is formed,which conforms to the development trend of all-ball financial science and technology.