The research report on the application of Blockchain in the financial sector has been released.

Recently, an important research report on the application of Blockchain technology in the financial sector was officially released. This 130,000-word report was compiled by a professional working group over a period of six months.

The report is divided into five main parts, including an overall overview, application scenario analysis, introduction to underlying platforms, review of major annual events, and relevant appendices. The report not only analyzes the development trends of Blockchain technology and its application practices in the global financial sector but also conducts in-depth research on 112 Blockchain financial application projects from 47 relevant domestic institutions.

By summarizing the typical application scenarios and basic logic of blockchain in the financial sector, the report analyzes the potential value of these application explorations and the challenges they face, and proposes suggestions for promoting robust development. In addition, the report also selects several practical cases for detailed introduction, covering multiple fields such as supply chain finance, trade finance, insurtech, cross-border payments, and asset securitization.

The report points out that the current non-cryptocurrency applications of Blockchain in the financial sector are mainly reflected in three aspects: first, the information processing functions for the storage, tracing, sharing, and verification of financial-related information; second, the functions for value transfer such as exchange and conversion within points systems; third, the automatic execution of smart contracts that are verifiable by multiple parties.

However, the report also mentioned some challenges faced by the application of Blockchain technology in the financial sector. At the technical level, it is currently difficult to fully meet the requirements for security, functionality, and performance in certain financial scenarios. At the governance level, further improvements are needed in areas such as regulation, standard-setting, and talent cultivation. At the business level, there are still gray areas in some application fields, and there is a lack of authoritative third-party assessments of innovative applications.

In response to these challenges, the report proposes recommendations at three levels: at the policy and regulatory level, strengthen research and tracking, and formulate rules to promote compliant development; at the industry organization level, build communication platforms and develop standards to enhance industry cohesion; at the practitioner level, deeply explore core technologies, promote application landing and scenario development.

This report provides valuable research materials and practical references for various parties such as the government, industry, academia, and research institutions, and is expected to promote the compliant and secure application of Blockchain technology in the financial sector, better serve the real economy, and contribute to the construction of a modern financial system.