Financial application scenarios and regulatory challenges of blockchain technology

Abstract

The combination of the financial industry and technology is conducive to enhancing its ability to serve the real economy, in which blockchain technology plays an important role. The application of blockchain in financial services is mainly reflected in supply chain finance, cross-border payment, credit collection and digital currency. This paper predicts the possible risks and hidden dangers of China’s future blockchain financial industry, analyzes the challenges encountered by the regulator in blockchain management, and proposes the directions the regulator needs to work on in the future.