Blockchain Technology In Agricultural Bank Of China Application Effect And Prospect Study

With the development of financial technology in recent years,blockchain technology has become an important financial technology tool,which is characterized by the inability to be maliciously attacked and tampered with,guaranteeing the security,integrity and traceability of information,as well as its ability to achieve real-time monitoring of assets,which makes blockchain technology a technical tool with broad application prospects and huge market potential.After a systematic study,it can be found that the use of blockchain technology may bring many benefits to commercial banks,and it is of great theoretical and practical significance to study the feasibility of the implementation of these scenarios and the direction of future promotion.In the context of the current rapid development of financial technology,Agricultural Bank of China is vigorously promoting the application of blockchain technology and believes that it has broad development prospects.This paper will discuss the current situation and typical scenarios of blockchain technology application in agricultural banks in depth from the conceptual and theoretical basis,and conduct a detailed analysis of the blockchain application practice of Agricultural Bank of China in order to better understand its internal performance and use event analysis to assess the impact effect of blockchain technology application in Agricultural Bank of China.Finally,using the SWOT-AHP analysis method,the advantages and disadvantages of blockchain technology application of agricultural banks,as well as the opportunities and threats faced by the development of blockchain technology are studied in depth based on the SWOT analysis,and on this basis,combined with the hierarchical analysis method,the influence factors of agricultural banks in the application of blockchain are quantified by this method,so as to establish the future development layout of agricultural banks’ application of blockchain technology.The main conclusion of this paper is that blockchain technology can help agricultural banks develop financing-related business,reduce bank credit risk,and improve transaction efficiency,and it also confirms that the practice and implementation of blockchain technology project products of agricultural banks can significantly improve their performance.However,since blockchain technology is still in its infancy and its development is influenced by both internal and external environments,promoting the application of blockchain technology in commercial banks still requires exploration and discretion.Based on the above analysis,we provide reference suggestions for the development prospect of blockchain application in commercial banks.