Research On The Development And Innovation Of J Bank Based On Blockchain Technology

Blockchain technology is a very popular advanced high-tech,with the advantages of tamper-proof,decentralization,security and efficiency.It is expected to have a good application space in commercial banks in the financial field.This paper takes the local Commercial Bank of Shanxi Province as a case study to explore the prospect of block chain technology in small and medium-sized commercial banks.From the perspective of specific commercial banks,it is of great theoretical value and instructive significance to study the application scenarios,advantages and difficulties,effects and significance of blockchain technology.Based on the above background,this paper firstly summarizes the theory foundation of blockchain and its application in the field of Commercial Bank,then introduces and analyzes the operation and strategy of j bank,this paper summarizes the existing bottlenecks in the development of these issues based on blockchain technology from the enterprise value and service innovation,business innovation,profit model innovation three solutions;At present,there are some problems in the application of blockchain technology in J bank.There are four main conclusions in this paper: first,as a local commercial bank in Shanxi Province,J bank has the responsibility to contribute financial power to the economic development and industrial structure transformation of Shanxi Province.Therefore,it is of great significance and value to promote the implementation of blockchain technology in J bank.Second,through the analysis of J bank,it can be concluded that there are many scenarios where blockchain technology can be implemented in J bank,which helps J bank to control and reduce operational risks,greatly improve business processing efficiency,and bring multiple added values to the bank.Third,at present,the blockchain technology is not very mature,and there are huge difficulties in independent research and development of J bank.Therefore,banks,governments,science and technology enterprises need to jointly promote research and development,and jointly promote the application of blockchain in J bank.Fourth,once the blockchain technology is implemented,the changes brought by it will be global and systematic.We should make all-round preparations in J bank from a strategic perspective.