Kong Xuhong, CEO of Santander Asia Pacific: There is a natural match between blockchain technology and supply chain finance

According to Sina Finance News, the 16th China International Finance Forum was held in Shanghai on December 19-20. Kong Xuhong, CEO of Santander ’s Asia-Pacific region, said at the forum that he is very optimistic about the application of 5G and blockchain technology. 5G and blockchain are just such infrastructure-disruptive technologies that will make many imaginary scenarios a reality on this basis. Kong Xuhong also said that there is a natural match between blockchain technology and supply chain finance. In all aspects of trade, whether it is financing, circulation or payment, there are a wide range of application scenarios that can significantly improve efficiency and quality. The application of new technologies such as 5G, blockchain, and artificial intelligence is at an exploratory stage, and people tend to underestimate the huge changes brought about by new technologies. He believes that financial institutions should especially embrace new technologies. The potential of 5G and blockchain new technologies is huge, but if you underestimate or even ignore these new technologies that may not be understood at present, the risks are greater.