China Securities Journal: Exploring the Application of Blockchain in Risk Management of Securities Companies

On June 5, the China Securities Industry Association and the China Securities Journal jointly issued the "Five Recommendations for Promoting the Quality Development of the Securities Industry." The article pointed out that preventing and resolving major risks, especially financial risks, is the primary task of economic work at present and in the future. Innovation risk management tools and methods should be innovated to promote the transformation and upgrading of traditional risk management. Applying new technologies will make the risk prevention space wider. Exploring the application of blockchain in risk management of securities companies, based on the characteristics of multi-point storage and non-tampering of blockchain technology, exploring the application of private chain or alliance chain mode, setting monitoring probes in key business links, forming a traceability mechanism, and improving Cross-industry, cross-market cross-cutting financial risk screening, prevention and resolution capabilities.