CCTV: The five major banks are involved in blockchain projects, and the blockchain will bring great changes to the financial industry.

According to CCTV, at present, five large commercial banks, including workers and peasants, and many joint-stock commercial banks such as CITIC and China Everbright have been involved in blockchain projects. Blockchain technology has begun to be applied in trade finance and supply chain finance. However, the application of blockchain technology in banking business is still in the exploratory stage. Industry insiders said that the future blockchain technology will be widely used in the financial sector, which will bring great changes to the financial industry.