The implementation of blockchain technology has blossomed, and the transaction scale of several banks has exceeded 100 billion

According to the "Securities Daily" report, a number of banks disclosed that the 2019 annual report shows that the application scenarios of banking institutions in the blockchain currently cover many areas such as asset securitization, industrial chain finance, domestic letters of credit, and Forfaiting. The reporter found from the annual report that a number of banks have established blockchain laboratories, and the number of “on-chain” transactions disclosed by many banks has exceeded 100 billion yuan, of which the transaction volume of the CCB's blockchain trade and financial platform exceeds 400 billion yuan. In addition, there are Industrial and Commercial Bank of China, Bank of Communications, Bank of China, Postal Savings Bank, Agricultural Bank of China, China CITIC Bank, China Merchants Bank and so on.