Everbright Bank Yang Bingbing: There are five aspects worthy of attention in the exploration of the application of blockchain in the banking industry

Babbitt reported on the spot that from December 7th to 8th, the "Blockchain Technology and Application" Science and Technology Frontier Forum hosted by the Chinese Academy of Sciences and jointly supported by the China Academy of Information and Communication Technology was held in Shenzhen. At the blockchain finance forum on the morning of the 8th, Yang Bingbing, chief business director and general manager of the Digital Finance Department of Everbright Bank, stated in his speech that there are five aspects worthy of attention in the exploration of the application of blockchain in the banking industry: It is legal compliance, including pre-compliance inspection of transactions and information; integration of off-chain compliance services; development in strict accordance with laws and regulations, especially in cross-border, financing and digital currency. The second is basic authenticity, including focusing on the quality of on-chain information itself and reducing the risk of fraud; combining technologies such as 5G and the Internet of Things to promote three-flow integration; combining on-chain and off-chain, verifying authenticity through off-chain centralized institutions. The third is new types of risks, including the establishment of code review mechanisms in the underlying innovation areas such as smart contracts; the construction of new systems and data migration to strengthen security; and the identification of operational risks of partners. The fourth is the access mechanism, including the account real-name registration mechanism; the on-chain account is integrated with the off-chain identity management system. Fifth, data security, including strengthening the construction of data governance systems and mechanisms; data access isolation and privacy protection; and strict implementation of relevant regulations on data security.