People's Daily: "Blockchain Finance" helps solve financial problems such as high credit risk and high payment processing costs

Blockchain technology is of great significance in solving financial problems such as large credit risk, low efficiency of fund utilization, and high cost of payment processing. In reality, bitcoin is not equal to the blockchain, and digital currency is only one of the applications of blockchain technology in the financial field. In the areas of supply chain finance, payment and settlement, trade finance, financial transactions, etc., “blockchain+” has rich application scenarios and imagination.