"New Finance Club" discusses "blockchain" to reconstruct the new financial landscape

Under the wave of "Internet + ", new finance corresponding to traditional finance is booming. Recently, under the guidance of Zhejiang Financial Industry Development Promotion Association, the "New Finance Club" was established in Hangzhou, and the first "Blockchain and New Finance Development Forum" was launched. 67 financial institution representatives, including Wang Qingshan, Secretary of the Party Committee of Zheshang Securities, and Zhang Yan, CEO of Tongzhanggui , gathered together to discuss how blockchain technology can reconstruct the new financial landscape.

Sun Lilin, founder of Matrix Finance, believes that the distributed ledger technology in payment and clearing services is the core of blockchain technology, and blockchain technology can achieve interconnection and standard protocol formulation between different account entities served by financial institutions. In his view, operational risk avoidance in the financial market may be the main battlefield of blockchain technology in the future.

"Hiding core accounts, opening up business scenarios, and making all cross-bank cooperation easy are the changes brought about by new finance," said Sun Lilin.

So, in what aspects of the financial field will blockchain technology be likely to be applied and exert its advantages?

Yan Yang, deputy secretary-general of the Zhongguancun Big Data Alliance, said: "In October last year , Nasdaq used blockchain technology in the registration of private equity. I think Nasdaq is ahead in this regard." He believes that if the securities companies' over-the-counter financing system can be properly sorted out, the trading volume enhanced by blockchain technology will be stimulated.

Li Lizhong from the risk control department of Ant Financial said that he is looking forward to the application of blockchain in financial media and risk control. Jiang Zhaoping from Shuniu Financial said that he is more optimistic about the application of blockchain technology in fund preservation.

The guests at the meeting unanimously agreed that in the new financial changes, blockchain technology, as a strategy, needs further exploration and implementation of solutions in the future.