A Research On Application Of Blockchain Technology In Cross-border Payment

With the increasing prosperity of international trade and the rapid development of Internet technology,the cross-border e-commerce industry,which combines the two,has also benefited a lot and has maintained rapid development.Cross-border e-commerce payment methods have been controlled by SWIFT and other intermediate institutions due to technical constraints and corporate barriers.In terms of efficiency and cost,all trading participants are in urgent need of change.At present,many attempts can only achieve a certain effect in transactions that are carried out within a relatively small range or within a certain limited amount.The emergence of blockchain technology has made people see new hopes,and its own characteristics can resolve the pain points in existing cross-border payments.Therefore,using the characteristics of the blockchain itself to solve the problems in cross-border payment in a targeted manner,More and more discussions and trials.This paper firstly investigates and analyzes the cross-border e-commerce and cross-border payment related data,and quantitatively analyzes and qualitatively compares the advantages and disadvantages of several existing cross-border payment methods,and concludes that people are the most in cross-border payment at this stage.Several key issues that are valued.Secondly,based on the basic principles and core technologies,the blockchain technology and its characteristics are introduced,and its application to solve the existing cross-border payment is analyzed.It is proved by the case that the application of the combination of the two is not It is only theoretically possible,but there are already opportunities that can be widely applied.Finally,this paper combines the enlightenment and thinking of the case,and focuses on the impact of the emergence of blockchain technology on the traditional cross-border payment practitioners,including the government,banks,and parties to the transaction,how to legitimacy,normative,From the perspective of security and so on,there is a more comprehensive and in-depth understanding of the combination of the two,and then evade the possible risks.