PwC Asia Pacific and Greater China Chairman: Shanghai Should Use Blockchain Technology to Promote Cross-Border Financial Transactions

Zhao Baiji, a member of the Shanghai Municipal Committee of the CPPCC and Chairman of the Asia Pacific and Greater China Region of PricewaterhouseCoopers, pointed out that the implementation of blockchain technology requires the establishment of an operating model, such as the determination of fees and benefits Assess, and join and exit mechanisms. Zhao Baiji said that Shanghai, as an international financial center, has the headquarters of most foreign financial institutions in China. Shanghai definitely has the conditions. It should also actively use blockchain technology to promote cross-border financial transactions, greatly reducing transaction costs and shortening. transaction hour.