CSI: The most significant application of China's blockchain technology in the securities industry is the promotion of ABS business

China Securities Journal today published "Fintech Helps Transform and Restructure Securities Business". The article summarizes the application of blockchain in the securities industry. The article mentioned that the most significant application of China's blockchain technology in the securities industry in recent years has been the promotion of ABS (asset securitization) business. For example, the “First Single Blockchain Supply Chain Finance ABS Product” issued by Debon Securities in December 2017-Debon Securities Zheshang Bank Chirong No. 2 Asset Support Special Plan, provided by Hangzhou Funchain Technology Co., Ltd. Supported by Zheshang Bank and Debang Securities. At present, the research on the blockchain in the securities industry is still being explored, and it will continue to learn in the future. It is not just a technical update. It is more about adding business scenarios. Borrowing blockchain technology to develop the securities industry and enrich the application range. . The customer point plan being promoted by Xiangcai Securities is a combination of blockchain technology, which mainly solves the measurement of customer contribution and the problem of sharing points among group customers.