Xu Zhenyu, Agricultural Bank of China Zhejiang Branch: Blockchain Technology Can Solve the Problem of Supply Chain Financing

Xu Zhenyu, senior commissioner of the business department of the Agricultural Bank of China Zhejiang Branch, said that the biggest difficulty in the traditional supply chain financial business lies in the determination of power. Blockchain is a good solution. "The blockchain is a decentralized distributed accounting system. There are many accounting nodes that cannot be tampered with. Such features are suitable for some payment, circulation, and traceability scenarios."