Research And Analysis On The Application Of Blockchain Technology In Asset Securitization

In recent years,the domestic asset securitization market has ushered in a stage of vigorous development,especially in the field of consumer finance,there are more and more asset securitization products.However,there are many potential problems in this market with broad development space,such as: there is no clear standard for the evaluation of securitized products and basic assets;there is no sound risk management system for securitized assets;there is no perfect pricing system;the investor cannot accurately grasp the credit information of the investee,so that the risks of both investors and financing parties cannot be refined The industry is in chaos,the large and small institutions are mixed,and the information is not transparent,which makes investors hold back due to the distrust of products,and then causes a series of adverse phenomena such as low product liquidity and increased financing cost.The use of Blockchain technology can effectively record each transaction data of both sides of investment and financing and form an indelible credit history.While effectively controlling investment risk and financing cost,it can also reduce the asset price,fundamentally solving the practical problems such as lack of information transparency and high financing cost existing in traditional ABS business.In 2018,JD group took the lead in breaking the traditional mode of asset securitization,integrating block chain technology into JD Baitiao ABS business,making JD Baitiao the first ABS product in China that is issued on the exchange and has block chain technology.This revolutionary measure has an unprecedented and far-reaching impact on the entire asset securitization market in China.At the same time,the effective use of Blockchain technology in ABS business has also been strongly recognized by relevant regulatory agencies,in line with current laws and regulations.From the perspective of the market as a whole,most of the changes brought about by the introduction of Blockchain technology are favorable,which is also consistent with the current economic situation in China.It can not only effectively let the financiers get lower cost funds,but also reduce the structured risks in the financial market,so as to further stabilize the market.This paper focuses on the application of Blockchain technology in asset securitization market.Firstly,it introduces the shortcomings of traditional asset securitization and the characteristics of Blockchain technology,and expounds the combination of Blockchain technology and traditional asset securitization to alleviate the problems of asset securitization.Secondly,take JD Baitiao as an example to analyze the whole process of the application of Blockchain technology in JD Baitiao project,and at the same time,compare the traditional asset securitization scheme to find the advantages of Blockchain technology in the asset securitization market,and point out the problems in the application.Finally,the paper sums up the experience of Blockchain technology in asset securitization market,and tries to provide some reference data and experience for future enterprises,and at the same time looks forward to the future development of Blockchain...