Design Of Bank Cross-Border Settlement From The Perspective Of Block Chain

As the world's second largest economy and the largest sales market,China plays an important role in the global market,especially in the era of Internet economy,China's cross-border trade has become an important part of the economic composition,various economic projects carry out global market development,and the cross-border settlement has become the key project of banking business development.The decentralized financial mode is particularly important,especially the gradual development of digital currency based on bitcoin,and its influence in all walks of life in the world continues to increase.As a technology that can realize the rapid exchange of global data,many scholars and enterprises have begun to study and practice its application in finance,so as to improve the efficiency and reduce the cost.In particular,decentralized and distributed ledgers under its application can help make global cross-border settlement more convenient and rapid.Nowadays,China has begun to implement the digitization of RMB.The central banks of other countries are also exploring the digital currency and blockchain payment business.Through the point-to-point payment mode,the disadvantages brought by the centralized mode are removed,so as to realize the upgrading of cross-border settlement.Based on the above,this paper mainly expounds the topic of cross-border settlement of banks under the blockchain.This paper introduces the concepts of cross-border settlement and blockchain,and summarizes the problems of traditional cross-border settlement,such as low efficiency,high cost,high risk and high capital occupation.This paper explores and puts forward the optimization scheme of bank cross-border settlement based on blockchain technology.Taking bank H as a hypothetical case,this paper analyzes the application of blockchain technology in cross-border settlement,expounds how blockchain optimizes its cross-border settlement process,and makes qualitative and quantitative analysis on the optimization scheme of blockchain technology from the perspective of practical operation.At the same time,it puts forward the influencing factors of the current blockchain technology promotion,and puts forward the following targeted suggestions:strengthening risk identification and improving the supporting mechanism of blockchain; reasonably positioning application scenarios and strengthening inter-bank exchanges;carrying out top-level design and unifying blockchain market standards;accelerating the development of digital currency to help cross-border settlement business;strengthening the talent reserve of blockchain and opening up technical exchanges There are some forward-looking promotion suggestions for regulators, participants and practitioners. However,under the strong supervision of financial innovation, the cross-border settlement scheme supported by blockchain technology still needs to be carried out under the premise of mature opportunity and sufficient conditions. From the current point of view, blockchain technology has indeed brought innovation to traditional business. Although there is still a way to go before practical application, it can be expected in the future.