Research On The Application Of Blockchain Technology By Joint-stock Commercial Banks

Block chain technology gets more and more attention from all walks of life,and also by the market and financial institutions,a growing number of financial institutions and Internet companies joined the chain block technology research,block chain technology also in development,application scenarios range of fall to the ground in the financial sector is the focus of the society.As authorities on block chain technology has staged a series of policies,block the development of chain technology mature at present stage,although there are a series of block chain project,block chain technology on the ground still promote fast without imagination,but still can issue in the future.With the advent of block chain technology,the traditional commercial bank as financial intermediary role because of the characteristic of the block chain technology could further weaken,commercial Banks if catch the opportunity of block chain technology development,will have the opportunity to reshape the financial intermediary,so as to obtain further development in the era of information technology.As an important part of China's financial institutions,joint-stock commercial Banks are the most dynamic financial institutions.They are also the first in many applications of block chain technology.For example,China merchants bank took the lead in applying the block chain technology to the core banking system as early as June 2016.Based on this,with China merchants bank as an example,this paper analysis the current in the use of block chain technology advantages and deficiencies,and puts forward policy Suggestions accordingly,for the joint-stock commercial Banks better use block chain technology to improve business performance.This article on the basis of theoretical analysis to the joint-stock commercial Banks use block chain technology,selection of joint-stock commercial Banks in the financial development of science and technology is very good China merchants bank as a case,from China merchants bank business background and cross-border payment and settlement business background,the merchants bank itself in the chain of blocks in practice and traditional cross-border business and technical aspects of business technology innovation and development,China merchants bank block chain to use event analysis on the operation of China merchants bank block chain technology application effect is analyzed.The next chapter of China merchants bank,SWOT,PEST analysis using block chain technology,combined with the theoretical analysis for block chain technology,this paper comprehensive analysis of China merchants bank using block chain technology in policy,economy,society and technology from four aspects of strengths,weaknesses,opportunities and challenges.Through the analysis,we can have a comprehensive view on the application of the block chain technology of China merchants bank and summarize the possible problems in the application of the block chain technology of China merchants bank.Finally,the paper puts forward some Suggestions for the development of China merchants bank under the block chain technology.