ABS business of blockchain reverse factoring
it is understood that there are many places where blockchain technology is currently used, but it often gives people a very distant feeling because it is relatively unfamiliar. Blockchain technology has the characteristics of decentralization, traceability, non tampering, transparency, anonymity and so on. In addition to those projects that give people a high sense, there are many applications in our daily life, which are around us, Cryptofinance will tell you about the application of blockchain technology around us
I. blockchain + finance
if blockchain application, finance is the first to bear the brunt
in the second half of 2018, Xiaomi financial technology and Jinshan cloud jointly launched the Financial Alliance chain, which uses blockchain technology to accelerate information flow, rece financing costs for the asset side and improve asset management efficiency
in June 2018, Jingdong finance, Huatai Securities Asset Management and Instrial Bank established the asset securitization alliance chain, and applied the blockchain technology to the Jingdong Baitiao ABS Project, aiming to realize the data fidelity, tamper proof and intelligent management of special plans at the basic asset level by using the blockchain technology
IV. blockchain + commodity traceability
Wal Mart requires its suppliers to use blockchain to track the source of goods before January 31, 2019
ant blockchain Technology participated in the double 11 for the first time to trace the source of overseas commodities
There are manyblockchain landing applications. I believe that blockchain technology will bring us more convenience in the future
Although the current blockchain technology is still in the initial stage, the advantages of this technology have begun to be reflected. In many fields, blockchain can proce great value, and I believe there will be more landing application scenarios in the future,
blockchain + cross border payment
at present, the mainstream way of cross-border remittance is wire transfer, and its cycle is generally as long as three to five working days. In addition to certain handling charges, intermediary banks will charge certain handling charges, Swift (Global Interbank Financial Telecommunication Association) will also charge a higher fee for the message exchange of its system. In China, a single fee of 150 yuan will be charged for cross-border remittance through the Bank of China
and the use of blockchain technology allows the remitter and the payee to pay and settle directly, eliminating all intermediate costs, so that cross-border payment and settlement can be completed point-to-point quickly. While improving the speed of settlement, it can also achieve all-weather payment, real-time arrival, simple embodiment and no hidden cost
Tianfeng securities attaches great importance to financial technology. In the early stage, it has established a blockchain Research Center, focusing on exploring the development of blockchain instry. In 2017, it participated in the establishment of Guiyang blockchain financial fund under the leadership of Guiyang Municipal People's government. Tianfeng securities assisted local governments in developing blockchain centered instrial system, and assisted the instrial structure adjustment of local economy under the supply side reform, At the same time, Tianfeng securities is also one of the first domestic securities companies to use blockchain technology to implement ABS projects
in January this year, Tianfeng securities, together with Wuhan University and software research institute of Chinese Academy of Sciences, jointly set up the key project of "Research on the key application and supervision of blockchain in China's securities market", and was awarded the excellent project report of China Securities Association in 2017. This topic is the first time in the securities instry to comprehensively sort out and analyze blockchain applications, organize rigorous research in technical analysis, application cases and application prospects, and put forward constructive plans and suggestions to regulators on application mode and regulatory strategy, which has been recognized by relevant experts. The topic of "Research on the key application and supervision of blockchain in China's securities market" of Tianfeng securities stands out from 77 key topics and is selected as an excellent topic by China Securities Association. It also represents the affirmation of authoritative institutions on the achievements of Tianfeng securities in the field of blockchain