Research On The Mechanism And Countermeasure Of Blockchain Driving Commercial Bank Business Innovation

With the continuous development of financial science and technology,its application in the banking industry is increasingly wide spread,especially the block chain technology has a huge application prospect in the banking industry.In 2019,General Secretary Xi said that commercial banks,as an important part of finance,need to study the innovation and transformation of business driven by block chains.Firstly,this paper defines the related concepts of block chain-driven commercial banks,explains the meaning of banking business innovation,and defines the scope of business innovation of commercial banks.Based on the analysis of block chain technology and the function of commercial banks,it is pointed out that block chain has irreplaceable advantages in the fields of digital bills,payment and liquidation,risk control and credit reporting of commercial banks.At present,due to the market-oriented reform of interest rates,the pressure of macroeconomic downturn is increasing.There are some problems in business performance,business structure and risk management of commercial banks.It is necessary to reform and innovate business to reduce business costs and open up new profit growth points.This paper points out the necessity of business innovation from the dynamic mechanism,and makes game analysis on different credit conditions of commercial bank business subject under the traditional situation and the block chain background.Under the block chain background,it can eliminate the information asymmetry problem under the traditional situation and make the game dynamic game from the imperfect information under the traditional situation to the perfect information game with transparent information between the two sides.Because the existence of intelligent contracts can automatically monitor business processes,block chains can eliminate adverse selection problems and moral hazard problems in business process before business development.These advantages of block chains are naturally intersected with commercial banks.This paper analyses some cases of business innovation of commercial banks,such as the application of block chains in liquidation business by China Merchants Bank.Practice proves that block chains can indeed promote commercial banks to carry out business innovation,reduce costs,improve risk management and improve performance.However,there are still some problems,such as related compound talents.Finally,combining with the specific problems and the business development needs of commercial banks,specific suggestions are put forward from the government level and the bank itself level.