Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023)

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Analysis and Outlook of Blockchain Technology Application in China Internet Finance

Authors
Zhexu Jin1, *
1Gengdan Institute of Business, Beijing University of Technology, Beijing, China
*Corresponding author. Email: 161843145@masu.edu.cn
Corresponding Author
Zhexu Jin
Available Online 15 May 2023.
DOI
10.2991/978-94-6463-142-5_44How to use a DOI?
Keywords
Data cleaning; blockchain + Internet finance; Chain Library Parallelism; Financial data fusion deposition
Abstract

In July 2020 the People’s Bank of China officially issued the Notice on Promoting the Standardized Application of Blockchain Technology, which is a redefinition of blockchain + Internet finance. As China is a policy-oriented country, with the policy tilt, the concept of integrating Internet finance with blockchain has become a hot topic in these years. Many challenges and opportunities arise in the process of blockchain gradually penetrating into Internet finance. In order to promote the mixture of blockchain and Internet finance and to elaborate the current situation of the integration of Internet finance and blockchain in China, this paper introduces the theories related to blockchain and Internet finance. A SWOT analysis is made This paper also proposes some optimization suggestions, such as the strategies of chain-bank parallelism, Financial data fusion deposition, intelligent risk control, and expanding the layout of financial settlement field. Meanwhile, this paper hopes to provide some useful inspirations and references for this new hybrid model.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
15 May 2023
ISBN
10.2991/978-94-6463-142-5_44
ISSN
2352-5428
DOI
10.2991/978-94-6463-142-5_44How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Zhexu Jin
PY  - 2023
DA  - 2023/05/15
TI  - Analysis and Outlook of Blockchain Technology Application in China Internet Finance
BT  - Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023)
PB  - Atlantis Press
SP  - 393
EP  - 400
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-142-5_44
DO  - 10.2991/978-94-6463-142-5_44
ID  - Jin2023
ER  -