| As the global economic integrates deeply,cross-border trade has shown a vigorous development trend.In 2018,global merchandise trade exports totaled 19.48 trillion US dollars,an increase of 10% over the previous year.The liquidation of funds in cross-border trade is inseparable from banks,but the natural defects of cross-border payment centralization structure have caused the shortage of traditional cross-border trade settlement of banks,which has restricted the development of global trade to a certain extent.With the increasing popularity of digital currencies such as Bitcoin,the underlying architectural blockchain has also received widespread attention from all walks of life,and its concepts such as decentralization and distributed ledgers will change the world.According to the McKinsey blockchain research report,one of the main application scenarios for blockchain technology is bank cross-border trade settlement,which will have a transformative impact on current cross-border payments.On the basis of combing the core principles of blockchain technology and related theoretical literature,this paper re-deconstructs the current situation and shortcomings of traditional bank cross-border trade settlement,and integrates blockchain technology with traditional bank trade settlement.The characteristics of the chain technology itself make up for the shortcomings of traditional cross-border payment,and propose appropriate optimization solutions for different banks have been supplied.As the development of Chinese banking blockchain technology is still in the early stage of exploration,relevant laws and policies are lacking,and unified technical standards have not yet been formed.In this regard,this paper proposes to strengthen the top-level design,formulate relevant policies,clarify the regulatory attitude,and promote the development of Chinese financial industry blockchain technology through the establishment of digital currency and blockchain platforms. |
PDF Full Text Request