Everbright Securities Zhao Xianghuai: Blockchain technology can improve information transparency, transaction efficiency and reduce labor costs

Zhao Xianghuai, an analyst at Everbright Securities, said: "On the one hand, blockchain technology improves information transparency, solves the current problem of 'information islands', and solves the problem that the data of a single credit bureau cannot fully reveal the credit information of a certain customer. Reduce the risk of one-sided decision-making, improve the operational efficiency of non-bank institutions based on transactions, mitigate potential risk losses, and truly empower transactions; on the other hand, blockchain technology improves the speed of completion of transactions, clearing and settlement, and reduces labor costs."