2 thoughts on “Why is blockchain technology most suitable for the financial industry?”

  1. Blockchain is a revolutionary underlying technology. The original function is to account for accounting. As a distributed general ledger, it can solve the credit problems of the ledger, notarization issues, audit issues, confirmation issues, etc. Digital requirements and other issues. Blockchain application scenarios have three characteristics: "new database, multi -business subjects, and unbelief of each other". The financial industry has the characteristics of low trust among participants, high transaction record security and high complete requirements, which is very suitable for blockchain technology application characteristics. Therefore, the financial service industry is the most current blockchain technology landing project and the scene. One of the richest industries, such as supply chain finance, asset securitization, credit reporting and risk control. In the financial field, blockchain technology can not only reform the financial infrastructure, but also play an efficiency of efficiency from the scenarios such as supervision, transaction, credit reporting, and virtual currency. For example, in the traditional financial environment, supervision is managed by reporting data through various business organizations, which will cause many disadvantages, such as: enterprise "black box" operation and decision -delay. However, under blockchain finance, through some advantages of information transparency and penetration, regional centralization, the regulatory authorities can master all business information as soon as possible. At present, Internet financial companies such as Fox Financial Services are vigorously developing blockchain technology. Through the characteristics of blockchain technology, decentralization and distributed storage to enhance user information management and increase efficiency for supervision.

  2. There are many people who use blockchain to invest in finance. The technology needs to be developed. It can be used in various industries and use blockchain as speculative. It is not long. In the future, the technology is advanced, and the supervision is strict.

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