Head of Tencent Cloud Blockchain Products: Blockchain technology can play a very good role in the financial business field

According to Tencent’s “Deep Net” news, Shao Bing, head of Tencent’s cloud blockchain product, said in an interview that “blockchain technology can play a very good role in the financial business field. In the warehouse receipt pledge financing scenario, finance The institution has the ability to supervise the whole process of pledge loans, which will greatly reduce the risk of loans. On the other hand, SMEs can obtain more liquidity with lower pledge cost and faster time efficiency, which eases the difficulty of loans. In this scenario, the blockchain also plays an important role in protecting data privacy and ensuring judicial effectiveness. For example, the user identity can be identified by key technology, and the data on the chain can be seen through encryption technology. Effective control of sex."