Guangfa Bank is actively exploring the application of blockchain technology in banking business

According to the report of the Public Securities News, Guangfa Bank is actively exploring the application of blockchain technology in banking business. Through distributed ledger and smart contract technology, it can break down business and information barriers between different banks and different industries, and realize data resource sharing, thereby expanding Cooperation models between banks and various other industries. At present, Guangfa Bank has used blockchain technology to realize the sharing, conversion, and exchange of points within the group, to achieve internal resource sharing, and to improve the group customer experience.