ICBC related parties: Bank blockchain technology application fields and exploration have been more and more

According to the China Business News, ICBC officials said that the characteristics of the blockchain that cannot be tampered with information have solved the problem of trust, and the risk assessment is more accurate and also beneficial to pricing. The source believes that from the perspective of industry development, the most current application area for banks in the blockchain lies in the supply chain. Through the supply chain, it can play an important role in solving the “funding difficulties” and “funding expensive” of small and micro enterprises. Many banks have an independent chain inside, but they have not let go of the chain. This also involves some information privacy and customer competition issues. The application of new technologies has a process, at least now more and more applications and exploration of bank blockchain technology.