六家银行已布局区块链业务,六家银行已布局区块链金融

近期，六家银行已经布局区块链业务，拓展区块链金融。区块链技术的出现，不仅改变了金融服务的模式，也为金融业提供了新的发展机遇。这六家银行布局区块链金融，可以说是一个重要的进步。

首先，我们来看看区块链技术。区块链技术是一种分布式数据库技术，它可以构建一个公共的、去中心化的数据库，用来存储数据。它可以把数据和信息分布在网络上的每个节点上，以防止数据被篡改和破坏，确保数据的安全性和完整性。

其次，六家银行布局区块链金融，可以更好地提高金融服务的效率。因为区块链技术可以把金融服务的流程变得更加便捷，它可以让金融服务更加快速、安全、可靠。同时，它还可以把金融服务的成本降低，让更多的人享受到金融服务。

最后，六家银行布局区块链金融也可以更好地推动金融创新。区块链技术可以让金融服务变得更加智能，它可以让金融服务更加智能化、智能化、自动化，让金融服务更加便捷，让消费者可以获得更好的服务。

总之，六家银行布局区块链金融，可以说是一个重要的进步，它可以更好地提高金融服务的效率，降低金融服务的成本，推动金融创新，让更多的人享受到金融服务。

❶ PK the financial technology strength of the six major banks with heavy investment

Fighting investment

China Construction Bank has a large amount and a large proportion of Postal Savings

Since China Construction Bank established a fintech subsidiary in 2018, major state-owned banks have accelerated their deployment of fintech. As we all know, financial technology research and development has the characteristics of high initial investment costs and relatively slow results. State-owned banks continue to increase investment and spend tens of billions of dollars to deploy financial technology.

In terms of investment amount, China Construction Bank ranks first, with investment in financial technology reaching 17.633 billion yuan in 2019, accounting for 2.5% of operating income; Industrial and Commercial Bank of China (Hong Kong stock 01398) follows closely behind, with investment in financial technology is 16.374 billion yuan. The Agricultural Bank of China (Hong Kong stock 01288) and Bank of China (Hong Kong stock 03988) also invested more than 10 billion yuan, with 12.79 billion yuan and 11.654 billion yuan respectively, ranking third and fourth; Postal Savings Bank invested 8.18 billion yuan. Followed by. Bank of Communications' technology investment amount was at the bottom, at 5.045 billion yuan. Although the amount of investment was less than that of other banks, the growth momentum was strong, with a year-on-year increase of 22.94% in 2018.

Judging from the proportion of investment amount to total income, Postal Savings Bank has the largest investment amount. It is the only bank among the six state-owned banks whose investment proportion is close to 3%, accounting for 2.96% of operating income. . Zhang Jinliang, chairman of the Postal Savings Bank, said that about 3% of its operating income will be invested in the information technology field every year.

Among the remaining five state-owned banks, Industrial and Commercial Bank of China, Agricultural Bank of China and Bank of China did not disclose specific financial technology investment proportions in their annual reports. After calculation, ICBC’s investment accounted for 1.91%, and the technology investment of the other four state-owned banks accounted for more than 2% of operating income. The share of science and technology investment of Bank of Communications and China Construction Bank is 2.57% and 2.5% respectively; the share of Bank of China and Agricultural Bank of China is around 2%, 2.12% and 2.04% respectively.

Sun Yang, director of the Financial Technology Center of Suning Financial Research Institute, said that it is inevitable for state-owned banks to increase investment in financial technology for the development of the banking industry. As the business develops to a certain stage, users, asset scale, asset quality, etc. will encounter huge bottlenecks. The use of financial technology can re-open the inner blood, reconstruct the interaction with the external ecology, and reopen its own market space for survival.

ICBC and China Construction Bank lead the way in recruiting talents

Against the backdrop of the wave of artificial intelligence, big data, and blockchain reshaping the industry, banks are eager for financial technology talents, and state-owned banks We also spare no effort to increase investment in human resources.

In terms of the number of talent teams, as of the end of 2019, the number of financial technology personnel at ICBC reached 34,800, accounting for 7.8% of the bank’s employees.The number of employees in financial technology institutions accounts for 3.7% of the bank’s employees. Based on the total number of employees in the bank of 445,100, the number of talents in financial technology institutions reaches 16,500.

China Construction Bank also disclosed two calibers in terms of technology personnel. At the end of 2019, the number of information technology development and operation personnel reached 27,700, accounting for 7.99% of the bank’s employees. Among them, the number of scientific and technological personnel exceeded 10,000, reaching 10,178, accounting for 2.75% of the bank’s headcount.

Although the number of technology personnel in several other state-owned banks is far less than that of the first two, they are growing rapidly. Among them, Agricultural Bank of China had 7,351 scientific and technological personnel at the end of 2019, an increase of 18.76% from the end of the previous year, accounting for 1.6% of the bank's employees. Bank of China's information technology employees account for 2.58% of the total number of mainland bank employees, which is calculated to be approximately 7,328. Relying on the three major projects of FinTech Ten Thousand Talents Plan, FinTech Management Trainee, and Existing Talent Empowerment and Transformation launched last year, Bank of Communications has been able to quickly replenish its scientific and technological talents. At the end of 2019, the Bank had 3,460 fintech personnel in its domestic branches, a year-on-year increase of 59.15%. Financial technology personnel accounted for 4.05% of Sun Tong's total, a year-on-year increase of 1.33 percentage points.

The Postal Savings Bank of China, which has issued “recruitment orders” for technology talents many times since last year, has not disclosed specific technology talent situations, but has formulated a plan to build a talent echelon. Zhang Jinliang said that Mingkai will quadruple the Postal Savings Bank’s technology team by the end of 2023.

A source from a major state-owned bank revealed, “The Financial Technology Department has become a key department of the bank. It is very large and has a lot of talent gaps. It is currently considering hiring from major universities. Internally carry out batches of talent training plans in advance."

Changes: Adjusting the structure to adapt to the development needs of financial technology

Behind the personnel changes, more efficient organizational structure adjustments are also indispensable.

In the past year, ICBC has rapidly promoted the strategic transformation of smart banking and implemented the reform and optimization of its financial technology organizational structure and R&D model. ICBC Technology Co., Ltd. and the Financial Technology Research Institute were successively established, thus establishing “one unit, three centers, one company, and one research institute” at the headquarters level (Financial Technology Department, Business R&D Center, Data Center, Software Development Center, ICBC Technology Co., Ltd. and Financial Technology Research Institute)’s new financial technology layout. The bank has also added software development center research and development departments in Chengdu and Xi'an to undertake system research and development work such as anti-fraud and bank collection management, and remote banking centers.

Not only ICBC, but also Bank of China, Bank of Communications, Postal Savings Bank, etc. have also upgraded their organizational structures around financial technology. Among them, Bank of China adjusted its personal financial business line in August 2019, canceling the setting up of the Internet Finance Department and adjusting it to the Personal Financial Business Department.There are three departments in total: Digital Finance Department, Consumer Finance Department, and Credit Card Center. Bank of Communications reorganized the original information technology management department into a financial technology department, and the Postal Savings Bank established a financial technology innovation department and a management information department. Under the new organizational structure, financial technology is becoming a strong support for improving efficiency.

In addition to internal adjustments within banks, it has also become a trend for financial technology subsidiaries to set up their own businesses. After the "opening" of China Construction Bank's financial technology subsidiary in 2018, in 2019, Industrial and Commercial Bank of China and Bank of China established financial technology subsidiaries.

In 2020, Bank of Communications also proposed this plan. On January 16, Bank of Communications announced that its subsidiary Bank of Communications International (Hong Kong stock 03329) Holdings Co., Ltd. plans to invest 600 million yuan to initiate the establishment of a bank with its subsidiary Bank of Communications International (Shanghai) Equity Investment Management Co., Ltd. YIN FINANCIAL TECHNOLOGY LIMITED. The investment is subject to approval by relevant regulatory and government authorities.

If successfully approved, BoCom Jinke will become the fourth financial technology subsidiary of a state-owned bank. Regarding the soon-to-be-established Jinke Company, the relevant person in charge of the Bank of Communications stated that it will explore institutional innovation in three aspects: IT team building, technology introduction mechanism, and management model and mechanism transformation. Through innovative project management models, independent research and development incentives are introduced to accelerate the implementation and promotion of independent and controllable basic products; through corporate operation mechanisms, external export services of mature proprietary technologies are carried out.

New players are eager to join the battle, and banking financial technology subsidiaries that have already entered the track have begun to export to the industry. It is understood that in October 2019, Huludao Bank signed a contract with CCB Financial Technology and became the first customer to sign a contract with CCB Financial Technology’s “Bank Insurance Cloud” platform. Li Xin, a researcher at Minsheng Bank (Hong Kong stock 01988) Research Institute, said that exporting technology to peers will be the main profit model for banking financial technology subsidiaries in the future, but competition will also be fierce, and seizing the market at the beginning will have a first-mover advantage.

Implementation

Create a cross-border comprehensive financial scenario ecosystem

With the rapid integration of financial technology and traditional businesses, people’s consumption habits are gradually shifting from offline to on-line. The sudden outbreak of the epidemic in 2020 has triggered the banking industry's thinking about the "zero-contact" financial service ecosystem. Accelerating digital transformation, using the "scenario + finance" model to embed financial activities into various life scenarios and providing people with ubiquitous financial services will become the main battlefield for competition among banks.

For example, last year, ICBC launched more than 1,000 financial services to more than 2,000 ecological partners around the implementation of the smart banking ecosystem ECOS, enabling seamless embedding of payment, financing, wealth management, investment and other financial products. To people's livelihood consumption and enterprise production scenarios such as education, medical care, travel, and government affairs.

Agricultural Bank of China launched the "ABC Smart +" scenario financial brand, focusing on the three major areas of government affairs and people's livelihood, consumer retail, and industrial chain; China Construction Bank launched the "aggregated payment" brand, covering restaurants and supermarkets, transportation, logistics, and medical care and other industry scenarios.

Analysts pointed out that although various banks are in full swing in the construction of scene finance and have combined their business foundations to give full play to their own advantages, there is still a gap in customer stickiness and activity compared with Internet companies. There is still a long way to go before we can truly achieve digital transformation. Sun Yang said that what kind of scene construction should be chosen is the primary issue faced by each bank. Banks must fully understand and think about various businesses, combine their own advantages and regional economic advantages, and find differentiated scenario development paths, rather than investing in all scenarios.

Creating a scenario-based financial ecosystem is not something that can be accomplished “overnight.” Sun Yang bluntly said that it is necessary to give sufficient room for development to scene construction and invest a lot of manpower, material and financial resources. It is necessary to have strategic perseverance and not give up midway because no results are seen in the short term.

Li Xin said that for banks, it is important not to simply apply technology to finance, but to reshape traditional systems and mechanisms to adapt to this digital innovation environment. A particularly important point is to learn from the agility organizational experience of Internet companies, reasonably optimize the organizational structure and management model, and improve the agility of the organization.

Financial technology also poses challenges to cross-sector coordination and cooperation. Sun Yang pointed out that the transformation of financial technology must be an end-to-end process. For example, the entire process of online small and micro financial products involves multiple departments such as marketing, approval, risk, collection, technology, and design. There must be strong institutions, Only a strong cross-departmental coordination mechanism can be successfully implemented.

This article comes from Beijing Business Daily

❷ Which blockchain coins are used to connect banks in China

Ping An Bank of China said that blockchain will be Ping An’s As for the focus of future advancement, Executive Vice President Chen Xinying revealed that Ping An has a team exploring the application of blockchain technology in seven or eight scenarios. China Merchants Bank mainly applies blockchain technology to the direct clearing system, which is a system used internally by China Merchants Bank for cross-border clearing. The decentralized system allows clearing to be initiated between branches of China Merchants Bank, and the security is also improved. Be protected. Postal Savings Bank of China, in its asset custody business, uses blockchain technology to reduce transaction costs and reduce intermediate links. China Zheshang Bank has released the first blockchain-based mobile digital money order platform, which provides businesses and individuals with the functions of issuing, transferring, buying and selling, and cashing mobile digital money orders on mobile clients.

❸ Which banks have implemented blockchain applications

Whenever we mentioned decentralized applications before, we always thought of foreign products, such as Ethereum, but today When talking about this topic, I think more of China’s own Asch, a new generation of decentralization based on side chain technology.application development.

ASCH is a decentralized application development, and it is also the first decentralized application in China. Its purpose is to help developers quickly create decentralized applications. It is easy to use, flexible and safe.
In terms of model, it is similar to Ethereum, both are blockchain services, but the implementation mechanisms are quite different. Take Ethereum as an example. Its biggest feature is that it greatly expands the functions of the script engine, adding new instructions such as reading the blockchain, billing, and jumping, and also unblocks stack memory, function call depth, and scripts. Length restrictions, etc. However, a big disadvantage of this method is that the application code itself and the data generated by the application exist in the same blockchain, causing the rapid expansion of the blockchain.
But ASCH is different. Its scalability is not achieved through transaction scripts, but through side chains. There is a main chain and several side chains (mainly provided by developers) in the ASCH system, but each chain only supports a limited number of transaction types. The logic of transactions or contracts is directly written in the host language rather than by transaction scripts. .
The first advantage is that it reduces the difficulty of contract programming, the second is that it avoids blockchain expansion, and the third is that each application can customize personalized blockchain parameters.

ASCH does not directly copy Crypti (a decentralized app store built on the blockchain) or Lisk (it is a new generation that allows the development of JavaScript and decentralized applications based on distribution The program uses an easy-to-use, full-featured ecosystem.), but will refer to Crypti's architecture and will reuse some of its code, but not too much.
The differences are mainly in two aspects
A more secure consensus algorithm, Crypti uses Dpos, and we add the Pbft algorithm to it to enhance consistency and reduce the risk of double payment.
We wrote some key modules in C++ language, and the non-performance hot parts are still written in Nodejs.

❹ Japanese media: These six central banks announced that they will join forces to study digital currency

Japanese media said that six central banks, including the Bank of Japan and the European Central Bank, announced on January 21 that they would be issuing Central Bank Digital Currency (CBDC) and cooperate to form a new organization to share knowledge and experience on CBDC technical issues. Facebook in the United States plans to issue the digital currency "Libra", and China is also studying the issue of digital currency. In response to the dramatic changes in the international environment surrounding the payment field, the Bank of Japan and the European Central Bank hope to establish a safe and convenient payment method.

According to the "Nihon Keizai Shimbun" report on January 22, the newly established organization is called the "Group for Assessing the Utilization Possibility of Central Bank Digital Currency." Six central banks and the Bank for International Settlements, including the Bank of Japan, the European Central Bank, the Bank of England, the Riksbank, the Swiss National Bank and the Bank of Canada, will participate. United States Federal ReserveThe Commission and the People's Bank of China did not join the new agency. The new agency currently plans to carry out activities as a fixed member. In doing so, it also hopes to stimulate the Federal Reserve, which is wary of central bank digital currencies.

Reports say that the Bank of Japan and the European Central Bank are collaborating on research on "distributed ledger (blockchain)", the basic technology of digital currency, and the Bank of England and the Bank of Canada are collaborating on cross-border central bank digital projects. The study of currency. These central banks believe that the knowledge and experience accumulated through this should be shared more deeply.

According to the report, specifically, in addition to studying the superiority of the existing payment system compared with central bank digital currency, the new agency will also address issues such as whether to set interest rates on central bank digital currency and what methods to adopt. Come up with research results. Central bank digital currency is different from paper money. Related information such as when, who and where used central bank digital currency can be fully grasped.

However, how to deal with the confidentiality of personal information and how to maintain a balance with anti-money laundering countermeasures will become the focus of discussion. Defending against cyberattacks is also a topic that requires joint research.

According to reports, the world's major central banks, represented by the Bank of Japan, have always adopted the stance of "undergoing research but not planning to issue it soon" regarding central bank digital currencies. However, Facebook, which has 2 billion users worldwide, announced the issuance of “Libra” last year. If "Libra", which is outside the framework of legal currencies such as the Japanese yen and the US dollar, becomes popular, the effectiveness of monetary policy is likely to be weakened.

Therefore, the G7 and the G20 unanimously decided to contain the "Libra" and increase restrictions and supervision.

Reports believe that the reason why Facebook issued “Libra” is that users are dissatisfied with the “expensive and slow” existing international remittance services. Central banks at the center of the payment system have shown an attitude of cooperating in issuing central bank digital currencies, hoping to promote technological innovation in private enterprises.

Data picture: American Facebook plans to issue the digital currency "Libra". (Reuters)

❺ What companies are currently using blockchain technology?

Large domestic blockchain companies include Xinchen Technology, Yinjiang Shares, Great Wall of Culture, and Radio and Television Express , Hundsun Electronics, etc.

1. Xinchen Technology

The company's current main business is application software development business, software and hardware system integration business and professional technical service business. In recent years, Xinchen Technology has been more bold in its attempts at innovation. The company has made certain progress in the application of new technologies such as cloud computing, big data, artificial intelligence, and blockchain in the financial industry. The domestic letter of credit business system based on blockchain technology has been successfully launched in banks and is expected to gradually become a new growth point for the company's software solutions business.

2. Yinjiang Co., Ltd.

The company mainly provides services to transportation, medical, andProvide intelligent system engineering and services to users in construction and other industries. "Elite" has conducted multiple follow-up reports on Yinjiang Shares. This company has made in-depth development in smart cities in recent years, covering all aspects of urban residents' lives including transportation, medical care, construction, environment, energy, education, and finance.

The company is a key software enterprise within the national planning layout, a key high-tech enterprise under the National Torch Plan, one of the top 100 enterprises in China's software business revenue, one of the top 100 high-tech enterprises in Zhejiang Province, and one of the top 100 high-tech enterprises in China according to Forbes in 2010. One of the top 100 small and medium-sized enterprises with potential, a unit with outstanding contributions to China's informatization construction in the past 30 years of reform and opening up, and one of the companies with the highest comprehensive business qualifications and the most comprehensive types in the domestic industry.

3. Cultural Great Wall

Cultural Great Wall began to acquire large educational institutions such as Lianxun Education, Zhiyou Zhenlong, and Jade Sect World Education in 2015, and has become a leader in the A-share education industry. For listed companies, the rapid growth of the education industry has become a new driving force for the company's performance growth. Its subsidiaries began to lay out the blockchain industry in 2017 and invested in the research and development of blockchain-related technologies. In March 2018, they obtained four blockchain technology copyrights and became a pioneer in blockchain applications in the field of education. .

4. Radio and Television Express

The company stated on the investor interaction platform that it has been paying attention to the development trend of digital currency for a long time. Focusing on the industry development needs of digital currency, the company has set up a dedicated team to carry out Related work, including research on blockchain technology.

5. Hundsun Electronics

On June 1, 2016, the Financial Blockchain Cooperation Alliance was established in Shenzhen. Hundsun Electronics is one of the 25 initiators to use the blockchain Chain technology implements a digital ticket system based on the alliance chain.

❻ Main development prospects of the financial industry

The application of blockchain technology in the financial field continues to deepen, and the banking industry is actively deploying blockchain projects

Finance is a regional The most explored areas of blockchain technology application scenarios have specific implementation in subdivided areas such as supply chain finance, trade finance, payment and settlement, and fund management.

According to the "Domestic Blockchain Information Service Registration" of the State Internet Information Office, as of the end of 2019, there were about 420 registered domestic companies providing blockchain information services, with a total of 506 services. Among them, 72 companies provide blockchain-based financial services, accounting for 17%, and a total of 120 financial services have been registered.

——For more data, please refer to the "China Science and Technology Financial Services In-depth Research and Investment Strategic Planning Analysis Report".

❼ 2021 Bank Technology Investment Map: The six major banks have invested a total of more than 100 billion in scientific research personnel and have grown "against the trend"

As the digitalization process of banks accelerates, more and more banks are investing in scientific research. Big investment in technology.

This was clearly demonstrated in the financial reports of various listed banks last year.

Datayes statistics show that the total investment in technology by large state-owned banks (including Postal Savings Bank) last year exceeded 100 billion yuan. Among them, the technology investment funds of Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China, Postal Savings Bank and Bank of Communications reached 25.987 billion yuan, 23.576 billion yuan, 20.532 billion yuan, 18.618 billion yuan, 10.030 billion yuan and 8.750 billion yuan respectively.

At the same time, the technology investment of joint-stock banks is also quite huge. The technology investment of China Merchants Bank, China CITIC Bank, Ping An Bank, Industrial Bank, and China Everbright Bank respectively reached 13.191 billion yuan, 7.537 billion yuan, and 7.383 billion yuan. yuan, 6.364 billion yuan, and 5.786 billion yuan, with year-on-year growth reaching 11.58%, 8.82%, 2.4%, 30.89%, and 12.35% respectively.

In addition, city commercial banks have also increased investment in technology. For example, Bank of Qingdao’s technology investment reached 40.47 million yuan last year.

For example, China Construction Bank has released a financial technology strategic plan (2021-2025) to accelerate comprehensive cloud transformation and promote "Construction Bank Cloud" to become the preferred financial industry cloud service brand for users.

Bank of China has established a Financial Digitalization Committee to coordinate and promote the group’s digital development, financial technology, data governance, information technology and risk management system construction.

Zheshang Bank implements the "Digital Transformation Plan of Zheshang Bank", which will explore the deep integration of cutting-edge technologies such as blockchain, Internet of Things and big data with banking business, and embed financial technology into pragmatic and efficient enterprises. Financial services focus on solving the core needs of enterprises to create market competitive advantages.

Correspondingly, last year, various banks expanded the number of technology teams and assigned more technology R&D personnel to the front line of business.

A unique feature of the banking industry in recent years is that the number of offline branches has been decreasing, but the number of scientific research teams has continued to increase.

Datayes statistics show that as of the end of 2021, China Merchants Bank has 10,043 R&D personnel, a year-on-year increase of 13.07%; Ping An Bank has more than 9,000 scientific and technological personnel (including outsourcing), a year-on-year increase of 5.88%; Bank of Communications The number of financial technology personnel reached 4,539, a year-on-year increase of 14.16%; China CITIC Bank's technology personnel (excluding subsidiaries) reached 4,286, a year-on-year increase of 2.29%...

Last year, Ping An Bank deepened its supply chain Scenarios and ecology, continue to rely on technology to empower innovative business models, and promoteThe annual financing amount of the supply chain finance platform "Ping An Good Chain" was 51.976 billion yuan, a year-on-year increase of 62.8%.

Bank of Communications has deepened its technological empowerment and launched the "Payroll and Tax Manager" digital salary scenario solution to assist the digital transformation of small and medium-sized enterprises.

ICBC uses technology to empower the construction of "Digital ICBC" and promotes contactless service innovation through cloud-based business processing, emergency screen-to-screen, all-weather communication, service integration, and open smart ecology. The service scenarios are integrated and optimized to allow customers to handle business “anytime and anywhere”.

In the view of many bankers, in order for technology to fully empower all bank businesses and improve business efficiency, in addition to introducing more R&D personnel to front-line business departments for "collaborative operations", a large number of professional Training allows all front-line business employees to understand the latest developments in financial technology and become familiar with how to use technology to improve business efficiency.

Currently, many banks have quietly launched targeted employee training plans. For example, last year Ping An Bank organized “FinTech Certification Learning for All Employees”, which covered cutting-edge financial technology technologies and application scenarios such as big data, blockchain, 5G, and the Internet of Things, effectively improving the technological awareness and technology usage capabilities of all employees; Industrial Bank Through the construction of the "5+N" training system, we update employees' digital thinking, concepts, and skills, promote everyone to learn, understand, and master technology, and strengthen the "BA (Business Analyst) + SA (System Analyst)" composite talent team .

CITIC Bank stated that it has achieved a major breakthrough in the construction of a technological middle platform and launched the first batch of public business capability services, breaking the traditional "silo" system construction model.

China Construction Bank continues to promote the construction of a technological middle platform and build a one-stop basic technical capability that is shared, agile and collaborative across the group.

The Bank of China formulated the "Bank of China's "14th Five-Year Plan" FinTech Plan, which includes establishing an enterprise-level middle-office development concept and improving the sharing and reuse capabilities of the entire group. At present, Bank of China has established a business, data, technology, and operation middle platform.

"What's more important is that while the technology center empowers various business departments to improve collaborative operations, it also ensures that all business operations comply with regulatory requirements." He pointed out. Especially in terms of data processing, banks must spend a lot of money on technology research and development, and explore and establish information security protection mechanisms in the exchange and integration process of internal bank data, external public data, and industry data through privacy computing and other cutting-edge technologies.

In the view of many city commercial banks, even if small and medium-sized banks may not necessarily build a technology middle platform, they still need to build new technology support paths to build "light banks" or "digital smart banks". Because banks compete in the digital era, what matters is the speed and speed of response to customer needs.Solving capabilities, but the construction and improvement of this capability cannot be separated from the support of technological empowerment and corresponding organizational structure changes.

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❽ The six major state-owned banks have begun to officially popularize digital currency, and people’s demand for cash has decreased

Digital currency is approaching Citizens, the six major state-owned banks have officially begun to popularize digital renminbi wallets. Judging from the current situation, in the state-owned bank business halls, customers only need to submit an application to apply for a whitelist and experience the use of digital renminbi. A few days ago, many citizens announced the opening of digital renminbi wallets. "In the future, digital RMB payment will become a popular payment method, equivalent to the popularity of WeChat and Alipay," a state-owned bank staff member said enthusiastically. The launch of digital RMB will usher in a breakthrough process. Recently, the Shanghai Stock Exchange reported that digital RMB The testing process is being accelerated.

Digital RMB Wallet

According to reports, industry, agriculture, China, construction, communications, postal savings, etc. Six state-owned banks have begun to popularize digital renminbi wallets. "After scanning the QR code, you can apply for a digital renminbi personal wallet," an ICBC staff member is inviting users to participate in the digital renminbi test, which is different from WeChat and Alipay. , there is a certain limit for bank wallets applied with the digital RMB APP. The current cumulative payment limit on the first day is only 1,000 yuan, but according to industry insiders, you can apply for upgrades in the future. From the perspective of application scenarios, many application scenarios have already covered digital RMB. By then, Internet giants such as JD.com, Meituan, and Gome, as well as large physical shopping malls such as Shanghai Metro and Huijin Department Store, will begin to accept digital renminbi as payment currency. In consumption scenarios, some banks are preparing to enter special scenarios such as chain restaurants, shopping, and logistics. This means that the consumption scenarios of digital renminbi will be further covered. The development of digital renminbi in my country is in full swing. In the process of reaching the public, central banks across the ocean are also very busy.

Common digital currency

Transnational accelerated testing of water digital currency A new report from the Bank for International Settlements recently It shows that the development of digital currency by the world's central banks is entering an "advanced stage". According to a questionnaire survey published by 65 central banks around the world in the fourth quarter of 2020, 86% of central banks stated that they are conducting research or experiments on central bank digital currencies. International The Bank of Settlements believes that central banks with a fifth of the world's population are likely to issue a common digital currency in the next three years, and the Bank of Japan said it plans to start empirical trials of digital currencies this spring.

All daily consumer needs

South Korea has also launched substantial preparations for digital currency in 2020. The president of the European Central Bank, who is currently completing the first phase of research and development review, expressed that he hopes to use digital currency within 5 years. Currency has become a reality. As global digital currency work continues to deepen, one of the particularly important trends is that a new era in human currency history is about to begin. The cashization process of all mankind will be greatly accelerated. In the eyes of domestic citizens, with WeChat payment, With the popularity of Alipay, people's demand for cash has been far reduced. Electronic cash can basically meet all daily consumption needs, so the promotion of digital RMB is the general trend.

Impact on the global payment system

Digital currencies challenge the hegemony of the US dollar. Unlike WeChat and Alipay, digital currencies The emergence of currency may not only affect electronic payment, but may also profoundly affect the global payment system. Regarding the future of digital currency, the most noteworthy thing is that if digital currency becomes popular around the world, the advantage of the United States will definitely be damaged. The U.S. dollar is the world’s largest currency. As the most important deposit currency, the international community's dissatisfaction and distrust of the hegemony of the U.S. dollar has rapidly increased over the years. During the epidemic, the United States used the hegemony of the U.S. dollar to carry out epic releases and pass on the crisis by printing banknotes. Countries around the world are increasingly excited about the research and development of digital currencies. , Therefore, establishing a new settlement network has become the consensus of many countries in the world today.

If you really want to get rid of dependence on the SWIFT system, the emergence of digital currency is the best opportunity for change. Cai Zhichuan, president of the Asian Blockchain Society, said that central bank digital currency may be able to escape the control of the United States. The SWIFT system has become a new alternative to the international payment institution SWIFT. The emergence of digital currency has broken the international monopoly of the US dollar settlement system. Countries around the world no longer need to reserve large amounts of US dollar foreign exchange. The days of the United States printing money are coming to an end. Regarding this The conclusion has been highly recognized by people around the world. What do you think of this?