Zhou Xiaochuan talks about the technical direction of blockchain: the central bank chooses bills and trade finance to do pilot

The 10th Caixin Summit in 2019 was held in Beijing from November 7th to 10th. In response to the new direction of blockchain technology development, Zhou Xiaochuan revealed that during the digitization of banknotes, the central bank introduced some seminars to introduce blockchain and distributed ledger technology. However, in view of the application of the above technology, it is more suitable for trading links with less transaction volume. Therefore, the People's Bank of China has chosen two systems for piloting, one is bill trading and the other is trade financing.