Li De, former deputy director of the Research Bureau of the People's Bank of China, has begun to explore blockchains in areas such as digital currency and cross-border payments.

At today's 2019 Global Digital Economy Innovation and Development Conference, Li De, former deputy director of the Research Bureau of the People's Bank of China, said that from the perspective of the development of financial technology, with the new round of technological revolution, the first is new technology to promote financial technology. Rapid development, in the current financial technology field, new technologies will have great commercial value in the next few years, including big data, cloud computing, artificial intelligence and blockchain. “So the blockchain technology has begun to explore applications in the fields of digital currency, cross-border payment, securities clearing, trade finance, etc. For example, commercial banks have become the most active institutions for blockchain financial distribution, in supply chain finance, liquidation, R&D applications have begun in cross-border payments."