Research On A Company's Cross-border Payment Improvement Strategy Based On Blockchain Technology

Payment settlement is the most important link in international trade.With the rapid development of trade and the increasing volume of trade,the requirements for payment settlement are getting higher and higher,and the traditional payment settlement model is lagging behind,gradually revealing more and more problems,such as low settlement efficiency and high settlement costs,Large settlement risks,etc.The traditional payment settlement model has become an invisible prisoner restricting the development of international trade.In recent years,with the development and popularity of blockchain technology,blockchain technology has become a focus of innovation in the financial industry.Many financial institutions have long set their sights on blockchain technology and have begun to explore the financial application of blockchain technology and the solution of blockchain settlement mode.Blockchain technology itself has the characteristics of decentralization,non-tampering,transparent transaction information and simple process.These features make the blockchain technology can solve the problems inherent in the traditional settlement model.With the continuous development and maturity of blockchain technology,along with the continuous improvement of the regulatory system,it is foreseeable in the future that blockchain settlement will bring new breakthroughs to the development of international trade.Taking the traditional trade settlement method as many pain points as the entry point,through comparative research,the problems in the traditional settlement model are pointed out,the economic analysis of the blockchain technology is carried out,and the feasibility of the application of the blockchain technology in international trade settlement is expounded.The specific analysis of the case of company A's cross-border payment platform,in-depth elaboration of the operation mechanism and business process of the settlement model applying blockchain technology,from the perspective of practical operation,the blockchain technology was demonstrated in terms of settlement efficiency,settlement fees,settlement risks,etc.Analysis of the advantages and development limitations of the current A company's blockchain technology application,based on the original blockchain payment platform system,designed and built a more optimized new system blockchain payment platform for A company.So that some problems in the current company A's payment system and future development restrictions have been resolved to a certain extent.Finally,in view of the current development status of blockchain technology,it is proposed to encourage blockchain technology research and development,establish a legal supervision system.formulate industry standards,and vigorously train blockchain-related talents,which are beneficial to the development of the industry,and vigorously develop blocks for China Chain cross-border payment provides some reference.