Research On Digital Bank Inclusive Financial Innovation Development Of Commercial Banks Based On Blockchain Technology

In recent years,the cause of digital inclusive finance in China has been developing continuously,and is now moving forward to the stage of high integration of financial technology and inclusive finance.Blockchain technology,with its characteristics of decentralization,asymmetric encryption,collective maintenance,openness and transparency,and traceability,stands out in the odd development of fintech and has attracted wide attention from all walks of life in the world.In presiding over the study of the Political Bureau of the CPC Central Committee,General Secretary Xi elevated the blockchain technology to the national strategic level for the first time,emphasizing the application of blockchain technology to solve the problem of the lack of financial services for small,medium and micro enterprises and other vulnerable groups.As the national financial stabilizer,commercial banks actively layout blockchain and shoulder the responsibility of promoting the integration and development of blockchain technology and inclusive financial business.However,Internet financial institutions,as the leaders of fintech,take the lead in occupying the digital inclusive finance market by relying on their innate resources and technological endowments,and squeeze out the market share of commercial banks in digital inclusive finance.In 2020,China will face the dual challenges of COVID-19 epidemic and the battle against poverty.Digital inclusive finance with full coverage,zero contact and full coverage is of great significance to meet People's Daily life and financial service needs of small,medium and micro enterprises to return to work and production.In this context,how Chinese commercial banks break the development bottleneck of traditional inclusive finance and promote the innovative development of digital inclusive finance with the special advantages of blockchain technology is a realistic subject that needs to be studied urgently.In this paper,the digital inclusive finance of commercial banks is taken as the research object,and the connotation and related theories of blockchain technology and digital inclusive finance are firstly sorted out by means of literature research,summary induction,case study and other methods,and the concept of blockchain and digital inclusive finance of commercial banks is clearly defined.Secondly,it studies the current situation of the development of commercial banks' digital inclusive finance and clarifies its main problems.The mechanism of block chain technology boosting the innovation and development of commercial banks' digital inclusive finance is illustrated again.Finally,it analyzes the practice of three types of commercial banks using block chain technology to develop digital inclusive finance business,discusses the experience and difficulties of current commercial banks in developing digital inclusive finance based on block chain technology,and puts forward corresponding innovation and development countermeasures,that is,to improve the practical conditions of commercial banks and consolidate the operation foundation of block chain technology;Reasonable tracking of the scene landing,the blockchain technology embedded in it;Strengthen cooperation and reserve,build the core competitive advantage of technology and talent;Accelerate the legislation of blockchain technology and improve the corresponding regulatory mechanism;Establish a professional committee of blockchain technology to strengthen the self-discipline of the banking industry.This paper combines the research of blockchain technology and commercial banks' digital inclusive finance,and deeply explores the mechanism of block chain technology boosting the development of commercial banks' digital inclusive finance,so as to provide theoretical support for the innovative development of commercial banks' digital inclusive finance business.Based on the existing problems of commercial banks' digital inclusive finance and the practical experience of specific application of block chain technology,the paper puts forward corresponding countermeasures,which can provide reference for commercial banks' innovative development of digital inclusive finance in the post-epidemic era and post-poverty alleviation era,and also provide scientific basis for regulatory authorities to make relevant decisions.