Research On HZ Bank Supply Chain Financial Product Design Based On Blockchain Technology

Blockchain technology brings revolutionary changes to the financial sector.It not only brings transparency and security to financial transactions,reduces the risk of fraud,but more importantly,helps improve efficiency and reduce costs.The significance of the internet-oriented traditional finance lies in reducing intermediate links,reducing transaction costs,expanding the scope of financial services and improving the quality of financial services.After the application of blockchain technology,the significance of Internet finance will be further deepened.One of the important aspects is that it can be programmed to record,store,transfer,verify and analyze information data,so as to form credit.Compared with the traditional forms of credit,blockchain can save a lot of labor costs and intermediary costs,and the recorded credit information is more complete and difficult to fake.Enterprise solvency is difficult to assess,traditional supply chain financial transaction itself is difficult to verify the authenticity,information between each other,can’t share,the performance risk cannot effectively control weaknesses,such as block chain technology through consensus algorithm solve the problem of trust,through intelligent contract to prevent performance risks,so that trust can be effectively conduction along the supply chain,cooperation to reduce costs,improve the efficiency of the performance.Based on the practical application of block chain technology in traditional supply chain finance,combined with the application practice of existing commercial banks.First of all,the theoretical basis of block chain technology are discussed and the core idea,discussed the intrinsic value of the block chain technology and the present situation,the second,through public information collection,on-the-spot investigation,combining with HZ bank of the present status of the supply chain financial products,to explore block chain technology introduction of HZ bank supply chain finance feasibility,moreover,to HZ bank products supply chain is given priority to with the warehouse receipt pledge mode of scenario,the supply chain finance model in the case of building block chain technology,finally,by introducing a block chain technology effect before and after the comparison,presents the block chain technology for the meaning of financial supply chain efficiency and risk control.The purpose of this study is to explore the feasibility of applying block chain technology to specific products of bank supply chain finance under the existing environment,and at the same time,to provide some reference for deepening the application of block chain in real financial scenarios.In this paper,the main conclusion is the supply chain financial scene is the bank blocks chain technology is best used at the present stage scene,can effectively improve the efficiency of the supply chain finance,improve the level of risk control level,but at the same time,block chain technology is not yet mature,commercial Banks to further apply the technique to other scenarios,you also need to include the infrastructure construction,market development,technology development and so on multi-dimensional combination.