Li Xiaofeng, former director of the Institute of Financial Information Technology of the Central Bank: the next application of blockchain in banks is the asset direction

At today ’s Hainan International Offshore Innovation and Pioneering Demonstration Zone Construction High-end Forum, Li Xiaofeng, former director of the Financial Information Research Institute of the Central Bank, introduced that bank blockchain applications focus on middle-income businesses, including international settlement, trade financing, supply chain finance, Digital bills, cross-border payments, etc. Asset digitization is one of the development directions of the bank's blockchain business. The next financial application of blockchain is the asset direction. The bank's debt business is mainly to absorb deposits, which is not yet suitable for the application of the blockchain scenario.