Zhang Shaofeng, founder of Bairong Cloud: Supply chain finance is one of the best ways to implement blockchain technology in financial scenarios

Zhang Shaofeng, founder, chairman and CEO of Bairong Cloud, said that blockchain as a basic Internet innovation technology can provide financial assistance to the financial service industry in the process of risk management and control, bringing from business models to products and processes New solutions for applications. At the same time, the credit creation mechanism can be reconstructed in the pan-financial field through the features of blockchain anti-loss, anti-tampering, and traceability, and credit reporting is more efficient. Such a transaction model also reduces the cost of credit reporting and financial supervision, and Protecting personal privacy also reduces the cost of financial supervision. Supply chain finance is one of the best ways for blockchain technology to reach financial scenarios.