Research On TY Bank Credit Business Process Optimization Based On Blockchain Technology

With the acceleration of economic transformation and the tightening of financial supervision,there is an urgent need for a technology to improve the efficiency of TY Bank's credit business and reduce risks.At present,blockchain technology is considered as a disruptive technology,and many industries are trying to use blockchain technology.Many major banks have set up research and development departments dedicated to using blockchain technology to optimize their credit processes.However,limited by their size,few small and medium-sized banks use blockchain technology to optimize their credit business processes.The trustworthiness,decentralization,openness and transparency of blockchain technology can ensure the authenticity of credit information and collateral,greatly improve credit efficiency,increase customer stickiness,expand customers and reduce the operation cost of credit.Asymmetric encryption technology plays a key role in the promotion of information security.Consensus mechanism can guarantee multi-point verification.Smart contracts can make credit business smarter;Distributed ledgers make information more secure and less easily tampered with.Through analysis,it is found that block chain technology can also play an effective role in small and medium-sized banks.Therefore,this paper tries to study how to use block chain technology to optimize the credit business process of TY Bank,a local small and medium-sized bank.This paper first introduces the blockchain,credit business process optimization related literature,related theories and their application in China's commercial banks;Then it lists the specific situation and existing problems of the credit business process of TY Bank.Then analyzes the application analysis of TY Bank's business process under the block chain,and concludes that it is necessary and feasible to optimize with the block chain.Then it is written that TY bank benefits from "distributed ledger,smart contract,consensus mechanism and asymmetric encryption" technology,which can effectively solve the low loan efficiency problem of TY bank.Finally,the TY bank credit business process using block chain technology to optimize the summary and outlook.This article is set,TY bank to bank credit business process using block chain technology to optimize the related theoretical analysis research,paint TY of the development prospects of the bank credit business process for TY bank comprehensive reform,improve the operational efficiency of the credit and the comprehensive competitiveness to provide some help,as well as other small and medium-sized Banks use block chain technology provides some reference for the credit business process optimization.