Blockchain Financial Application Development Research Report Released

Recently, a highly anticipated research report on the development of blockchain financial applications has been officially released. This report, meticulously compiled by a domestic authoritative institution over the course of six months, consists of a total of 130,000 words and comprehensively outlines the current application status, development trends, and future challenges of blockchain technology in the financial sector.

The report consists of five major sections: the overall report, application scenarios, underlying platforms, annual events, and appendices. Through a systematic analysis of global blockchain financial application practices, as well as in-depth research on 112 projects from 47 related institutions in China, the report provides a detailed summary of typical application scenarios and basic logic of blockchain in the financial sector, and conducts an in-depth discussion on its potential value and the risks and challenges it faces.

In addition, the report also selects practical cases in the fields of supply chain finance, trade finance, insurtech, cross-border payments, and asset securitization, and summarizes major events in the blockchain finance sector both domestically and internationally for the year 2019. This report aims to provide valuable research materials and practical references for the industry, guiding the compliant and secure application of blockchain technology in the financial sector, thereby better serving the real economy and contributing to the construction of a modern financial system.

According to the report analysis, the current non-coin applications of blockchain in the financial sector are mainly concentrated on three major functions:

1. Information storage and transmission: including the notarization, tracing, sharing, and verification of financial-related information.
2. Limited value transfer: such as point systems and their internal exchange functions.
3. Automatic execution of smart contracts: Implementing automated execution based on multi-party verifiable smart contracts.

However, the report also pointed out several challenges facing the application of Blockchain technology in the financial sector:

1. Technical aspect: It is difficult to fully meet the strict requirements of certain financial scenarios for security, functionality, and performance.
2. Governance: Further improvements are still needed in areas such as regulation, standard setting, and talent development.
3. Business level: There are some gray areas, and there is a lack of authoritative third parties to assess innovative applications.

To address these challenges, the report proposes countermeasures at three levels:

1. Policy and regulatory level: Strengthen research tracking and formulate rules to promote compliant development.
2. Industry organization level: Build communication platforms, research and formulate standards, and unite industry forces.
3. At the institutional level: deeply explore core technologies and actively promote the implementation of application scenarios.

The release of this report will undoubtedly provide important guidance for the healthy development of Blockchain technology in the financial sector and promote related research and practice to advance to a deeper level.