Mutual Gold Association opens a special seminar to push the blockchain + supply chain financial application

Summary

Event: On August 26th, the China Internet Finance Association Blockchain Research Working Group held a seminar on the application and standardization of blockchain application in the supply chain finance sector.

Mutual Gold Association's leading blockchain application research promotes the application of blockchain + supply chain finance. During the meeting, delegates analyzed the advantages of blockchain technology, such as difficult information modification and traceability, which can effectively solve the pain points of the supply chain financial part of the business chain, and propose that the blockchain and other technologies are combined with the supply chain. Financial services can have a positive impact. After the meeting, the association will soon launch blockchain security compliance applications in the supply chain finance sector, combining cloud computing, Internet of Things and other digital technologies. The Internet Finance Association will take the lead in actively promoting the application practice and standardization of system construction, cross-chain collaboration, information deposit certification, risk prevention and control, and security assurance in the field of “blockchain+supply chain finance”. The Internet Finance Association is a national-level Internet finance industry self-regulatory organization established by the People's Bank of China in conjunction with the relevant banking commissions such as the China Banking Regulatory Commission, the China Securities Regulatory Commission, and the China Insurance Regulatory Commission. It was formally established on December 31, 2015, with the aim of promoting the healthy development of Internet finance. With the rapid development of the blockchain industry, the Mujin Association will continue to promote the application research of the blockchain industry, and promote the integration of the blockchain and the real economy industry, and healthy development.

Supply chain finance will take the lead in pushing the blockchain industry to the ground and detonating new hot spots. We believe that the scenario applicable to the blockchain requires the following conditions: 1) having a user group; 2) having a consensus rule; and 3) a valuable exchange request. We believe that supply chain finance, digital rights and other scenarios are more important to strengthen social management and improve the efficiency of business operations. Relevant enterprises will quickly promote the application of blockchain. The supply chain finance business around the credit transfer of core enterprises is an emerging and large-scale stock market. According to data from the Prospective Industry Research Institute, the size of China's supply chain financial market in 2017 was 13 trillion yuan, and it is expected to grow to 15 trillion yuan in 2020. Supply chain finance can inject capital into upstream suppliers, improve the operational efficiency and overall competitiveness of the supply chain, and is of great significance for activating the supply chain.

In the context of real trade in the supply chain, supply chain trading companies are actively “winding up”. Based on the "White Paper on China's Blockchain Industry in 2018" by the Ministry of Industry and Information Technology, it analyzes the cases of four supply chain financial platforms including Tencent Blockchain, Easy View, Financial Accounts and Zheshang Bank. Based on the real trade background of the supply chain, the district The technical characteristics of the blockchain make the upstream and downstream parties in the supply chain actively “wind up”. Based on the blockchain-based supply chain financial system, real-time recording and portraying the real trade background of the two parties. Based on the huge and real trade background of the suppliers, upstream and downstream enterprises urgently need a technology platform such as blockchain to solve the industry pain points. Enterprises actively embrace the blockchain situation.

Risk warning : regulatory policy uncertainty, blockchain infrastructure development is not up to expectations.

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1. Mutual Gold Association held a blockchain seminar, supply chain finance ushered in the blockchain era

Event: On August 26th, the China Internet Finance Association Blockchain Research Working Group held a seminar on the application and standardization of blockchain application in the supply chain finance sector.

Mutual Gold Association's leading blockchain application research promotes the application of blockchain + supply chain finance. During the meeting, delegates analyzed the advantages of blockchain technology, such as difficult information modification and traceability, which can effectively solve the pain points of the supply chain financial part of the business chain, and propose that the blockchain and other technologies are combined with the supply chain. Financial services can have a positive impact. After the meeting, the association will soon launch blockchain security compliance applications in the supply chain finance sector, combining cloud computing, Internet of Things and other digital technologies. The Internet Finance Association will take the lead in actively promoting the application practice and standardization of system construction, cross-chain collaboration, information deposit certification, risk prevention and control, and security assurance in the field of “blockchain+supply chain finance”. The Internet Finance Association is a national-level Internet finance industry self-regulatory organization established by the People's Bank of China in conjunction with the relevant banking commissions such as the China Banking Regulatory Commission, the China Securities Regulatory Commission, and the China Insurance Regulatory Commission. It was formally established on December 31, 2015, with the aim of promoting the healthy development of Internet finance. With the rapid development of the blockchain industry, the Mujin Association will continue to promote the application research of the blockchain industry, and promote the integration of the blockchain and the real economy industry, and healthy development.

Supply chain finance will take the lead in pushing the blockchain industry to the ground and detonating new hot spots. We believe that the scenario applicable to the blockchain requires the following conditions: 1) having a user group; 2) having a consensus rule; and 3) a valuable exchange request. Combined with the real application scenarios, we believe that supply chain finance, digital copyright and other scenarios are more important to strengthen social management and improve the efficiency of enterprise operations. Relevant enterprises will quickly promote the application of blockchain. The supply chain finance business around the credit transfer of core enterprises is an emerging and large-scale stock market. According to data from the Prospective Industry Research Institute, the size of China's supply chain financial market in 2017 was 13 trillion yuan, and it is expected to grow to 15 trillion yuan in 2020. Supply chain finance can inject capital into upstream suppliers, improve the operational efficiency and overall competitiveness of the supply chain, and is of great significance for activating the supply chain. On August 10, 2018, the country's first blockchain electronic invoice was opened in Shenzhen Guomao Rotary Restaurant. As of August 10, 2019, Shenzhen blockchain electronic invoices have been issued over 6 million, with more than 5,300 Enterprise registration uses blockchain electronic invoices, including China Merchants Bank, Ping An Bank, Weizhong Bank, Taiping Insurance, Wal-Mart, Baiguoyuan, NUS Pharmacy, Shenzhen Metro, Shenzhen-Hong Kong Taxi, West Lake Taxi, Vanke Property, Country Garden, etc. A number of large-scale key enterprises. The integration of blockchain and real economy and traditional finance will be the trend of the times. The application of financial industry represented by supply chain finance will promote the application of new hot spots in the blockchain and open up the development space of the industry.

In the context of real trade in the supply chain, supply chain trading companies are actively “winding up”. Based on the "White Paper on China's Blockchain Industry in 2018" by the Ministry of Industry and Information Technology, it analyzes the cases of four supply chain financial platforms including Tencent Blockchain, Easy View, Financial Accounts and Zheshang Bank. Based on the real trade background of the supply chain, the district The technical characteristics of the blockchain make the upstream and downstream parties in the supply chain actively “wind up”. The “Easy Block” supply chain financial application system developed by Yijian Co., Ltd. based on blockchain technology was launched in April 2017. The system is centered on the “core enterprise+, controllable commodity+, dynamic asset ABS+” scenario. Manufacturing, pharmaceutical, logistics, bulk, aviation, real estate and other nearly 10 industries and more than 10 financial institutions. The “Easy Block” platform can realize the five functions of “trade portrayal, transaction visualization, credit machine, direct connection between banks and enterprises, privacy protection”. The “Easy Block 2.0” system has created a traceable supply chain financial service plan. Focus on solving data trust and financial risk issues in supply chain financial scenarios. As of August 27, 2019, the “Easy Block” supply chain platform has completed 113,503 trusted transactions, with a trusted transaction volume exceeding 10 billion yuan. Based on the blockchain-based supply chain financial system, real-time recording and portraying the real trade background of the two parties. Based on the huge and real trade background of the suppliers, upstream and downstream enterprises urgently need a technology platform such as blockchain to solve the industry pain points. Enterprises actively embrace the blockchain situation.

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risk warning

1. Regulatory policy uncertainty. At present, the blockchain is in the early stage of development. There are certain uncertainties in the management of blockchain technology, project financing and tokens in various countries around the world. Therefore, there is uncertainty in the development of industry company projects.

2. Blockchain infrastructure development is not up to expectations. Blockchain is the core technology for solving supply chain finance and digital identity. At present, blockchain infrastructure can not support high-performance network deployment. Decentralization and security will have some restraint on high performance. Blockchain infrastructure exists. Develop risks that are not up to expectations.