Yu Weiwen, President of the Hong Kong Monetary Authority: Blockchain can solve some of the "biggest difficulties" of banks

Yu Weiwen, president of the Hong Kong Monetary Authority, said in an interview that blockchain can solve some of the "biggest difficulties" of banks, first of all, trade financing. Trade financing involves many aspects. There are many intermediate documents, and the authenticity of documents is difficult to guarantee. The blockchain can effectively verify the authenticity. Therefore, the use of blockchain technology in trade financing is beneficial to enterprises to be financed.