Application Research Of Blockchain Technology In The Field Of Asset Securitization

China's asset securitization is in the ascendant.In particular,asset securitization products in the consumer finance sector have become increasingly abundant in recent years.However,the assessment of basic assets and securitized products has not yet established a unified standard.The risk management system for securitized assets is not precise enough and lacks a perfect pricing mechanism.At the same time,the credit information system is not sound enough,which is not conducive to the risk control of both irnvestment and financing.The structure of asset securitization is complex,there are many participating institutions,and the information asymmetry is serious,which affects the trust of investors in products,which in turn affects product liquidity and improves financing.Cost.The emergence of blockchain technology can accurately record the transaction data,the credit history of both parties,reduce the asset price under the premise of reducing operating costs and risk premium,and make the traditional ABS business have high financing costs and information asymmetry.It must be solved.In September 2017,Xiaoman Finance,as a technology service provider,and Changan Xinsheng Financial Investment Co.,Ltd.jointly issued Baidu-Changan Xinsheng-Tianfeng 2017 first-phase asset-backed securities,which is the first time in China that it is based on blockchain technology.ABS products successfully issued on the exchange.The issuance of this product has a significant impact on the domestic assetsecuritization market,which means that the blockchain technology has successfully landed in the asset securitization business.The emergence of new technologies has begun to be recognized by the market and regulatory agencies,in line with current laws and regulations.Introducing blockchain technology into asset securitization has more advantages and disadvantages,which is in line with China's current economic situation.It plays an important role in reducing the structural risk of China's financial market,stabilizing financial markets,satisfying financing needs of financiers for low-cost funds,and improving economic efficiency.This paper mainly discusses the application of blockchain technology in the field of asset securitization.Firstly,it introduces the development of blockchain technology,analyzes the main features of blockchain technology,and introduces the unique advantages of blockchain in asset securitization.Based on the case of asset securitization completed by Xiaoman Finance,the research and analysis were conducted to explore the detailed process of the integration of asset securitization and blockchain technology by Xiaoman Finance,and compare it with the traditional asset securitization scheme to find the advantage of using new technologies.Where.Finally,the current experience of blockchain technology in reducing risk and improving efficiency in the process of asset securitization is summarized.The future development prospects are prospected,which provides reference for enterprises planning to use blockchain technology in the processof asset securitization.