Guo Weimin, Chief Scientist of Bank of China: Wholesale business is a good application scenario for blockchain

Guo Weimin, chief scientist of the Bank of China, stated at the "2019 First Financial and Financial Technology Summit" on December 1 that wholesale business is a good application scenario for blockchain. Guo Weimin pointed out that the wholesale business involves many links and more needs the protection of the data chain. At present, the penetration cost of trade financing business is very high, and the blockchain including digital currency will play a better role in wholesale business with large amounts, high complexity, and many involved links.