Application Of Block Chain Technology In Rrade Settlement Of Commercial Banks

Blockchain is a new computer technology,having the with distributed data storage,point-to-point transmission and encryption other characteristics.As an innovative application model possessing the advantage of decentralization,it can be regarded as the fifth innovation of computing paradigm.Blockchain technology has a wide range of applications at present.It can be applied to the trade settlement of commercial banks to effectively change the defects of the previous trade settlement model such as data redundance,time-consuming and structural stack-up,so that such work can be completed quickly and scientifically.Such technologies are characterized by convenience,high efficiency,and strong confidentiality.They are more adaptable to the fast-paced development of the current era than the models used in past settlement work.In order to ensure that such technologies can be applied to the actual settlement process,the corresponding research was carried out.By analyzing the detailed work,the optimization direction and technique of this technology are displayed in a more intuitive manner.This study provides a comprehensive and systematic exposition from five parts:First,the introduction,which provides direction guidance for the research,clarifying the research purpose and research significance of this paper through the investigation and understanding of the research background and research status;Second,the theoretical support,which clarifies the relevant concepts and characteristics of blockchain technology,and discusses the application of blockchain technology in commercial bank trade settlement based on its openness,decentralization,transparency and other characteristics;Third,the case support,which takes the Beijing Bubi Blockchain Technology Company as an example.It introduces the specific applications of the blockchain technology in the field of digital assets,trade finance,equity transfer,and joint credit information,and sets forth the challenges that current blockchain technology applications face;Fourth,the discussion of application.In this part,the paper systematically analyzes the application of blockchaintechnology in commercial bank trade settlement,mainly from the aspects of digital cryptocurrency,cross-border payment,supply-chain finance and digital bills;Fifth,the application of further improvement and optimization of block chain technology is analyzed.On the basis of synthesizing the above exposition,various understandings are formed,and the optimized application and development strategy of block chain technology are put forward.In this paper,the following conclusions are drawn: in order to use the blockchain technology more effectively,we should reasonably locate the value of the blockchain,perfect the monitoring system of the blockchain,and actively participate in the blockchain activities.Development of financial science and technology to achieve tracking exploration and standard formulation,strengthen "block chain data storage card safe asset management" business,through this series of means of standardized application can make block chain technology more extensive,more scientific application.In the commercial bank trade settlement work,also has the important value to the finance profession sustainable development.