Case Study On Asset Securitization Of Block Chain In Bank Of Communications

Blockchain,as the core technology of Bitcoin,has also received extensive attention under the craze of Bitcoin,and various organizations and institutions have joined the ranks of exploring it.In recent years,my country's commercial banks have carried out many beneficial practices in the application of blockchain technology.Some application scenarios have been implemented and achieved certain results.However,the application of blockchain technology in commercial banks is still in the development stage as a whole.Among many commercial banks,the Bank of Communications focuses on applying blockchain technology to asset securitization,and its issue of "Jiao Ying 2018 First Phase of Personal Housing Mortgage Loan Asset-backed Securities" is the first blockchain technology in Asia.The credit asset securitization project product,through the combination with blockchain technology,effectively solves the pain points of complex transaction process,too many participants and information asymmetry in traditional asset securitization.Based on the above background,starting from the theory of blockchain and asset securitization,using a case analysis method to summarize the case background,issuance platform,product elements and transaction structure of "Jiao Ying 2018-1",from the advantages of its transaction structure,In-depth analysis of the role of blockchain technology and the effect of issuance has been carried out.The research found that: First of all,compared with traditional ABS products,the transaction structure of “Cross Profit 2018-1” after the introduction of blockchain technology has Smart contract automatically executes the advantages of controlling credit risk,peer-to-peer transactions and distributed data storage to improve transaction security;secondly,the role of blockchain technology in the " Jiao Ying 2018-1" is mainly reflected in solving the problem of information asymmetry,To achieve better risk control,simplify the transaction structure,improve operational efficiency and ensure the authenticity of information,and achieve efficient supervision.Finally,through comparison with the same type of products in the same period,it is found that the introduction of blockchain technology has significantly reduced In addition to product issuance costs and default risks,it has also formed a unique blockchain technology advantage for Bank of Communications.Overall,"Jiao Ying 2018-1" has achieved remarkable effect of the issuance,the technical advantages of the block chain into practice the effectiveness of asset securitization business scene,a good answer to how to use a commercial bank block chain technology This question lays the technical foundation for its application in more business scenarios in the future,and also helps to strengthen commercial banks' reasonable understanding of the technical concept of blockchain,and clarify the value of blockchain technology in their business applications.,Scenarios and coping strategies.It provides a certain reference for the development of blockchain technology in commercial banks.