Evaluation Of The Application Value Of Blockchain Thinking In Cross-border Payment And Settlement

With the continued strong advancement of the "Belt and Road" initiative and the needs of the domestic and international macro-environment,the development of international trade and cross-border e-commerce has been accelerated.The associated cross-border payment and clearing market will have great potential.The traditional RMB cross-border payment needs to pass through multiple intermediaries such as domestic settlement banks and agency banks,overseas settlement banks and overseas RMB clearing banks,and domestic and foreign third-party payment institutions.Low efficiency and high cost and cross-border credit risk.The Bitcoin based on the underlying technology of the blockchain has successfully realized the global payment and circulation functions of digital currency for the first time.Among them,the blockchain is essentially a decentralized distributed database.Its essence is a distributed,point-to-point value transmission network.It is an innovative application model that integrates multiple computer technologies.It is also called "trust." "Machine" can realize the convenient point-to-point payment of funds anywhere in the world,which opens up a vast space for solving the pain points in the current cross-border payment business.Many industries are trying to use blockchain thinking to find solutions to existing problems in the industry,and even trying to change the existing operating mode and carry out technological innovation.In the past two years,many blockchain enterprises and blockchain projects have emerged,and there are also many chaotic images of fraud in the name of blockchain innovation.Therefore,for each blockchain project and application,evaluating its application value from multiple dimensions has great theoretical and practical significance.This study attempts to start with the research literature on the application of blockchain thinking in the field of cross-border payment and clearing,and combine data from related research reports such as iResearch,Analysys,and China Payments Clearing Association to summarize and sort out the blockchain thinking in cross-border payment.The application situation in the field of settlement and settlement of international payment,analyzes some typical cases of applying blockchain thinking to solve the problems in the field of traditional cross-border payment and settlement.By summarizing the current status and existing problems in the field of cross-border payment and clearing,combining the characteristics and advantages of blockchain thinking,analyzing the value of applying blockchain thinking in the field of cross-border payment and clearing,and constructing a network level of application value evaluation Analysis model and indicator system.Combined with expert interviews and other methods to find the set of factors affecting cross-border payment and settlement business,and built a network structure model based on the ANP method.At the same time,SD software was used to calculate the weights of various value evaluation indicators,including unweighted supermatrix,weighted supermatrix,and extreme.The matrix and priority are sorted to get the final weight of each indicator.On this basis,a fuzzy comprehensive evaluation matrix is established to carry out a fuzzy comprehensive evaluation of the application status of blockchain thinking in cross-border payment settlement,and corresponding application suggestions are given based on the results of the fuzzy comprehensive evaluation.The main conclusions of this study are as follows:(1)The overall evaluation of the realization status of the application value of blockchain thinking in cross-border payment settlement is excellent,indicating that whether the application of blockchain thinking is from value verification,value transfer,value storage,or In terms of value security,the service level of cross-border payment settlement can be effectively improved;(2)Value verification and value storage are better implemented in the practical application of crossborder payment settlement than value transfer and value security,indicating that crossborder payment In the clearing system,effective use of blockchain smart contracts,data traceability,distributed storage,and self-establishment of trust mechanisms can effectively improve its business service level and user experience;(3)in terms of value security and value transfer Implementation technology also needs to be further improved and improved,so as to comprehensively enhance the application value of blockchain in the field of cross-border payment and settlement.