中国人民银行贸易融资区块链平台是什么,中国人民银行贸易融资区块链平台招聘

中国人民银行贸易融资区块链平台是一种基于区块链技术的金融服务平台，旨在通过改善贸易融资流程，提升贸易融资效率，降低贸易融资成本，促进贸易融资活动，推动贸易融资服务体系建设，推动金融服务更加精准、高效、便捷。

关键词一：区块链技术：区块链技术是一种新型的分布式账本技术，它可以实现数据的安全存储、可靠传输和可信核验，具有去中心化、可扩展性、安全性等特点。中国人民银行贸易融资区块链平台采用区块链技术，可以有效改善贸易融资流程，大大降低贸易融资成本，提升贸易融资效率，促进贸易融资活动，实现贸易融资服务的精准、高效、便捷。

关键词二：贸易融资：贸易融资是指商业企业通过向银行和其他金融机构申请贷款，以及利用供应链金融、信用保险、担保等金融工具，来满足企业经营活动中的资金需求。中国人民银行贸易融资区块链平台可以帮助企业更好地获取贸易融资，通过实现贸易融资流程的改善，降低贸易融资成本，提升贸易融资效率，极大地推动企业发展。

关键词三：招聘拓展：中国人民银行贸易融资区块链平台的发展需要一支强大的团队，因此，招聘拓展是非常重要的。平台招聘拓展的主要目的是招聘优秀的人才，建立一支高效的团队，推动平台的发展，改善贸易融资流程，使贸易融资更加精准、高效、便捷。平台招聘拓展的标准要求包括具备良好的贸易融资知识，具有良好的沟通能力，有较强的团队协作精神，有较强的分析能力和解决问题的能力。

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① The Beijing Free Trade Zone was born out of the blue, and three key points highlight the important status of the Beijing Free Trade Zone

#Beijing Free Trade Pilot Zone Overall Plan Announced#

< p> On September 21, the State Council issued a notice on the overall plan for the Beijing, Hunan, and Anhui Free Trade Pilot Zones and the expansion regional plan for the Zhejiang Pilot Free Trade Zone. So far, the number of China's free trade zones has increased to 21, and a point-to-face, comprehensive free trade zone network has been formed, and a nationwide overall open pattern has been formed.

Why should so many free trade zones be established? Because each free trade zone has its own positioning. The positioning of the Beijing Free Trade Zone is to help build a technological innovation center with global influence, accelerate the creation of a pioneer zone for expanding the opening up of the service industry and a digital economy pilot zone, and strive to build a high-level opening-up platform for the coordinated development of Beijing, Tianjin and Hebei.

The Beijing Free Trade Zone is divided into three areas in terms of form: Science and Technology Innovation Area 31.85 square kilometers, International Business Service Area 48.34 square kilometers (including Beijing Tianzhu Comprehensive Bonded Zone 5.466 square kilometers) and High-end Industrial Area 39.49 square kilometers Kilometers, the content involved is very extensive, but we can still see the three key points of the Beijing Free Trade Zone from those various clues. These three key points highlight the importance of the Beijing Free Trade Zone among all free trade zones.

The first major focus: Beijing Free Trade Zone, as a pioneer area for the expansion of opening up of the service industry, highlights the strategic status of Beijing Free Trade Zone as the development of my country's service trade.

Service trade has always been my country's shortcomings. my country has always had a merchandise trade surplus and a service trade deficit. The scale of China's services trade is only a few trillion yuan, and service imports and exports account for less than 20% of China's total imports and exports. Compared with developed economies such as the United States and Japan, there is a significant gap.

Although Beijing's services have certain foundations and advantages, Beijing's service industry accounts for the highest proportion of GDP in the country, exceeding 80%.

However, the Beijing Free Trade Zone, as a pioneer zone in expanding the opening-up of the service industry, not only highlights the important position of the opening-up of the service industry in China's future all-round opening-up, but also highlights the importance of the development of service trade in my country's overall future foreign trade pattern. importance.

The key contents of Beijing’s pilot zone for expanding opening up of service trade mainly include:

First, the international business service zone focuses on service innovation. Although only the international business service area among the three major innovation areas seems to be related to service trade, it focuses on the development of digital trade, cultural trade, business exhibitions, medical and health, international delivery logistics, cross-border finance and other industries, and creates a leading demonstration area for airport economic innovation. . But the other two innovation zones also have very important innovation content in service trade: for example, the science and technology innovation zone focuses on the development of new generation information technology, biology and health, technology services and other industries; the high-end industry zone focuses onFocus on developing industries such as business services, international finance, cultural creativity, biotechnology and general health. All have a certain relationship with the innovation and openness of service trade.

The second is to clearly propose the trial implementation of a negative list management model for cross-border trade in services. Relax service trade access restrictions to the greatest extent possible in regions where conditions permit. Provide visa convenience for high-end talents such as research and development, practice, exhibition, exchange, and training.

The third is to strengthen the construction of international centers and improve the country’s external service capabilities. This includes supporting the construction of international exchange centers; focusing on serving the country's overall diplomacy, continuing to improve the service support capabilities for major state events; and encouraging the gathering of international organizations. This point is very important for the construction of the service trade pilot zone in the Beijing Free Trade Zone.

The fourth is to build an international service trade center platform and build a world aviation hub. A fully functional group-style exhibition complex will be built around Beijing Capital International Airport; the specifications and level of the China International Fair for Trade in Services will be improved to build it into the main platform for international trade in services; the linkage between Beijing Capital International Airport and Beijing Daxing International Airport will be promoted Develop and build a world-class aviation hub.

The fifth is to create a high-quality cultural consumption service trade platform. Create an international film, television and animation copyright trade platform, explore the development of cultural intellectual property insurance business, carry out gem and jade trading business, and strengthen the "One Belt, One Road" cultural exhibition and trading hall; allow qualified foreign-funded enterprises to carry out global cultural artworks (non-cultural relics) Exhibition, auction, and trading business; encourage the return of overseas cultural relics.

The sixth is to improve policies related to duty-free shops and provide a complete duty-free service system. Support Wangfujing Pedestrian Street in creating an international consumption environment, a high-quality business environment, and creating an international consumption area; optimize the layout of duty-free shops in the city, and coordinate the setting up of departure pickup for duty-free shops in the city in the airport quarantine area Click here to implement policies related to duty-free shops.

The second major focus: Beijing Free Trade Zone, as a digital economy pilot zone, highlights the role of Beijing Free Trade Zone The leading position of my country's digital economy in the future

The digital economy trend is changing the current economic format and development format. In recent years, my country's digital economy format and model innovation has been very active and has become the most important factor in promoting the new economic model. vitality.

Promoting the development of the digital economy is an urgent need to accelerate high-quality development and an inevitable requirement to better meet the people's high-quality life needs. It has become a key to promoting the transformation and upgrading of industrial structure and promoting high-quality economic development in the future. The new engine has become an important force in building a new development pattern of our country's economy and participating in international competition.

As a digital economy pilot zone, the Beijing Free Trade Zone has the important foundation that the added value of Beijing’s digital economy accounts for more than 50% of GDP., and more importantly, it highlights the leading position of the Beijing Free Trade Zone as the future of my country’s digital economy.

First, the Beijing Digital Trade Pilot Zone will become the core content of the Beijing Free Trade Zone, and will be based on the Zhongguancun Software Park National Digital Service Export Base, Chaoyang Jinzhan International Cooperation Service Zone, and the Free Trade Zone Daxing Airport There are three large areas in the area.

The second is to explore the construction of an international information industry and digital trade port, explore the construction of a safe and convenient international Internet data dedicated channel, and formulate rules in key areas such as information technology security, data privacy protection, and cross-border data flow; in terms of risk Under the premise of controllability, we will conduct pilot trials in areas such as software real-name authentication, data origin label identification, and data product import and export.

Third, the Daxing Airport Free Trade Area plays an active role in digital trade and smart logistics: in the future, it will build an innovative global digital trade demonstration port and a leading base for digital trade in China; develop cross-border e-commerce and digital medical care , smart logistics and other digital services and digital trade; in the fields of cross-border financial services, electronic certification, and online consumer rights protection, participate in building a world-leading cross-border e-commerce rule system.

Fourth, Beijing should enhance the international competitiveness of digital trade and the formulation of digital rules. Benchmark international advanced levels, explore digital trade development rules that are in line with national conditions, strengthen cross-border data protection regulatory cooperation, and promote international mutual recognition of digital certificates and electronic signatures.

The fifth is to build a digital copyright trading platform to promote the development of intellectual property protection and intellectual property financing businesses. Carry out efficient and convenient digital import and export inspections for trade in software and Internet services. Actively explore third-party certification mechanisms for enterprises’ data protection capabilities.

The sixth is to explore and formulate rules in key areas such as information technology security, data privacy protection, and cross-border data flow. Encourage the development of new business formats and models in the digital economy; accelerate the construction of a new generation of information infrastructure, and explore the construction of safe and convenient dedicated international Internet data channels.

Seventh, give full play to the application of blockchain technology: Apply blockchain and other digital technology systems to standardize the implementation of cross-border trade, legal compliance, and technical standards, and ensure the paperless multilateral cooperation of cross-border trade. , dynamic and standardized. Relying on the application of blockchain technology, we integrate high-precision manufacturing enterprise information and credit data to create an efficient and convenient customs clearance model.

The third major focus is that the Beijing Free Trade Zone, as a scientific and technological innovation pilot zone, highlights the role of the Beijing Free Trade Zone Important information on financial openness and innovation in financial centers.

As a financial center, Beijing’s importance in the Beijing Free Trade Zone is self-evident. Although there is no clear financial innovation zone among the major innovation zones in the Beijing Free Trade Zone, from the perspective of technological innovationJudging from the content of the test, it also released important information about the financial openness and innovation of the Beijing Free Trade Zone as a financial center:

First, carry out pilot projects for the integration of domestic and foreign currencies. Allow banks in the zone to issue overseas RMB loans for the RMB bank settlement accounts (NRA accounts) of overseas institutions, study and promote the integration of domestic securities investment channels for foreign institutional investors, study and promote foreign investors to use an NRA account to handle domestic securities investment matters; allow more Foreign-funded banks have obtained securities investment fund custody qualifications; and the facilitation of cross-border RMB business and foreign exchange business in key industries has been promoted.

The second is to clearly explore and launch the pilot project of integrating domestic and foreign currency cross-border capital pools. Support qualified multinational enterprise groups to carry out centralized adjustment and collection of domestic and foreign currency surplus and deficiency funds among domestic and foreign members, and implement two-way macro-prudential management of cross-border capital flows.

The third is to support the establishment of private banks that focus on supporting the development of cultural and creative industries. Encourage qualified Chinese banks to carry out cross-border financial services and support the demand for cross-border financial services with real trade backgrounds.

The fourth is to explore giving Zhongguancun science and technology enterprises more cross-border financial options. Under the macro-prudential framework, independently decide on cross-border financing methods, amounts and timing, innovate corporate external debt management methods, and gradually realize full convertibility of the external debt of non-financial enterprises in the Zhongguancun National Independent Innovation Demonstration Zone.

Fifth, support the establishment of domestic and overseas private equity parallel funds in a market-oriented manner in accordance with laws and regulations. Facilitate qualified private equity and asset management institutions to carry out overseas investments; support multinational companies to establish qualified investment companies in the country and establish financial companies in compliance with laws and regulations; launch a one-time registration pilot for the foreign debts of enterprises in the zone, instead of registering each transaction one by one.

Sixth, the construction of digital financial center and digital currency. Support the Digital Currency Research Institute of the People's Bank of China to establish a financial technology center, build a legal digital currency pilot zone and a digital financial system, and rely on the People's Bank of China's trade finance blockchain platform to form a trade finance blockchain standard system.

The seventh is to build a financial technology application scenario test area and establish an application scenario release mechanism. It is necessary to give full play to the dual advantages of the Beijing Science and Technology Innovation Center and the National Financial Management Center, highlight the key points of digital economy, digital finance, regulatory technology, etc., conduct in-depth pilots of financial technology regulatory sandboxes, and use scenarios such as the Winter Olympics to take the lead in cutting-edge areas such as digital currency. Try it first and strive for leading breakthroughs.

② How to proceed with the next step of testing the digital renminbi? The Central Bank’s Digital Research Institute has frequently revealed its actions

Since 2020, digital renminbi pilot projects have gradually Expand. The functions and application scenarios of digital RMB wallets are constantly enriched, and the pilot areas have also expanded from Shenzhen, Suzhou, Xiongan, Chengdu, etc. to Beijing, Shanghai and other places.

How will the digital renminbi pilot continue to advance? How will the digital RMB ecosystem be built? Perhaps some clues can be seen from the layout of the Central Bank's Digital Research Institute.

As the main research and development, testing and promotion institution of digital renminbi, the Central Bank Digital Currency Research Institute has indeed taken frequent actions this year. Not only has it participated in the establishment of several companies, it has also reached cooperation with a number of financial institutions and enterprises. .

Domestic and international walking on two legs

Domestically, the Central Bank’s Digital Research Institute has set up or plans to establish financial technology institutions in at least four places.

On September 28, 2020, the Digital Research Institute of the Central Bank signed a strategic cooperation agreement with the Changning District People’s Government of Shanghai. According to the agreement, the two parties will establish a Shanghai financial technology company and gradually implement the trade finance blockchain platform and technology research and development center.

Prior to this, the Central Bank Digital Research Institute had successively established Shenzhen Financial Technology Co., Ltd., Yangtze River Delta Financial Technology Co., Ltd. and Nanjing Financial Technology Research and Innovation Center in Shenzhen, Suzhou and Nanjing.

Since this year, the partners of the Central Bank Digital Research Institute have begun to expand to international institutions.

On January 16, the Central Bank Digital Currency Research Institute joined forces with the global financial messaging service organization Society for Worldwide Interbank Financial Telecommunication (SWIFT), the General Clearing Center of the People's Bank of China, and the Cross-Border Interbank Payment and Clearing Co., Ltd. and the China Payment and Clearing Association established Financial Gateway Information Services Co., Ltd. in Beijing.

According to the National Enterprise Credit Information Publicity System, the company’s business scope includes information system integration, data processing, and technical consulting. The registered capital is 10 million euros, with SWIFT holding 55% of the shares and the Central Bank Digital Research Institute. 3%, and Mu Changchun, director of the Central Bank’s Digital Currency Research Institute, is one of the directors.

According to news from the central bank’s official website on February 24, the Central Bank’s Digital Research Institute, together with the Hong Kong Monetary Authority, the Central Bank of Thailand, and the Central Bank of the United Arab Emirates, launched the Multilateral Central Bank Digital Currency Bridge Research Project (m-CBDC Bridge) , aiming to explore the application of central bank digital currency in cross-border payments. The Central Bank Digital Research Institute stated that based on the research results, all participants will evaluate the feasibility of the multilateral central bank digital currency bridge in cross-border capital allocation, international trade settlement and foreign exchange transactions.

The cooperative banks will expand further, and MYbank and WeBank may join

The infrastructure of digital renminbi is a two-tier operation of "central bank-commercial bank/other operating institutions" System: The first layer is the central bank, and the second layer is commercial banks, telecom operators, and third-party payment network platform companies.

Among them, commercial banks and other institutions are responsible for providing digital RMB exchange and circulation services to the public. Judging from a total of 7 digital RMB red envelope tests in Shenzhen, Suzhou, Beijing, and Chengdu, the number of commercial banks participating in the digital RMB wallet pilot is gradually increasing.Initially there were four major banks, the Workers' and Peasants' China Construction Bank, but in the first red envelope test in Suzhou, the number expanded to six - the Workers' and Peasants' China Construction Bank and the Postal Savings Bank.

According to a report by China Securities Journal on February 20, MYbank and WeBank may join the ranks of digital renminbi pilot banks. The two institutions are currently carrying out relevant preliminary work under the guidance of the People's Bank of China.

It can also be seen from the digital renminbi APP interface that, in addition to the six major state-owned banks, the operating institutions that choose to add wallets have added online merchant banking and WeBank options, but the status is displayed as "will be opened soon" ".

In addition, small and medium-sized banking financial institutions are also expected to participate in digital RMB application projects.

In September 2020, Citybank Clearing Services Co., Ltd. (hereinafter referred to as Citybank Clearing) announced that it would carry out strategic cooperation with the Digital RMB Research Institute on digital RMB application projects. City Bank Clearing will provide one-point access services to the digital RMB interconnection platform for small and medium-sized banking financial institutions such as city commercial banks and private banks.

In October 2020, the Rural Credit Bank Fund Clearing Center Co., Ltd. (referred to as the "Rural Credit Bank Center") signed a strategic cooperation agreement with the Digital Research Institute. The Rural Credit Bank Center will provide small and medium-sized banking financial institutions such as rural credit cooperatives, rural commercial banks, and village banks with one-point access to new aggregated Internet services for the digital renminbi interconnection platform, and steadily promote the research and development and pilot work of digital renminbi in rural areas.

Cooperate with Internet technology companies and payment companies to continuously improve the digital RMB wallet ecosystem

“Building a digital RMB ecosystem requires exploring designated operating agencies and other commercial banks and other commercial institutions cooperation model." said Mu Changchun, director of the Central Bank's Digital Currency Research Institute.

Since 2020, the Digital Research Institute has signed strategic cooperation agreements with a number of Internet technology companies and payment companies. The latter is mainly responsible for research and development cooperation in application scenarios and continuously enriches the digital RMB ecosystem.

In July 2020, Didi announced that it had formally reached a strategic cooperation agreement with the Digital RMB Research Institute to jointly research and explore the scenario innovation and application of digital renminbi in the field of smart travel, and promote the diversification of digital renminbi. Platform ecological construction in travel scenarios.

On September 21, 2020, JD Digits (now part of JD Technology Group) also announced that it will jointly promote mobile basic technology platforms and blockchain technology based on the digital renminbi project with the Institute of Digits. Platform and other research and development construction; and combined with JD Group’s existing scenarios, jointly promote the innovation of mobile application functions of digital renminbi and the implementation of online and offline scenarios, and promote the ecological construction of digital renminbi wallets.

It is worth noting that among the 7 digital RMB red envelope tests that have been released so far, JD Group and JD Digital have been deeply involved in four of them, providing technology + services + scenarios. Jingdong Group also provides SuzhouThe second red envelope pilot was fully funded.

On November 13, 2020, according to the Financial Times, the Digital Research Institute of the Central Bank signed strategic cooperation agreements with State Grid Xiongan Financial Technology Group Co., Ltd. and Lakala Payment Co., Ltd. respectively. In the cooperation with State Grid Xiongan Financial Technology Group Co., Ltd., the two parties will carry out the innovation and application of digital renminbi in scenarios such as the payment of electricity bills by State Grid Corporation of China. In the cooperation with Lakala, both parties will combine their respective advantages to jointly promote the functional application innovation of digital renminbi in the field of retail payment and promote the construction of the ecosystem in the pilot testing of digital renminbi.

On December 7, 2020, according to China News Service, the Central Bank Digital Research Institute and UnionPay Commerce Co., Ltd. officially signed a strategic cooperation agreement to jointly study online and offline payment scenarios and other fields in the digital renminbi pilot test. Innovative applications. The two parties will combine the existing business scenarios of UnionPay Commerce, based on the characteristics of digital renminbi and wallet ecosystem, to jointly research and expand the product functions and application scope of digital renminbi, and promote the construction of the digital renminbi ecosystem.

According to the China Securities Journal, third-party payment company Lakala previously stated on the investor interactive relationship platform that the company participated in the development of digital currency acceptance solutions and actively promoted cooperation with the Digital Research Institute and its designated six System docking and debugging of large operating institutions, and the company’s collection terminal can already accept digital renminbi.

It can also be seen from the current digital RMB APP that the digital wallets of the six major banks currently include Didi Chuxing, Jingdong APP, Jingxi APP, Jingdong Finance, Bilibili and Shanrong Business Six, ICBC has also connected to Meituan Bicycle.

Proofreading: Liu Wei

③ What are the application fields of blockchain technology?

Financial field

Blockchain in international exchange, Financial fields such as letters of credit, equity registration and stock exchanges have potentially huge application value. The application of blockchain technology in the financial industry can eliminate the need for third-party intermediaries and achieve direct point-to-point connection, thereby greatly reducing costs and quickly completing transaction payments.

Internet of Things and Logistics Fields

Blockchain can also be naturally combined in the Internet of Things and logistics fields. Through blockchain, logistics costs can be reduced, the production and delivery process of items can be traced, and the efficiency of supply chain management can be improved. This field is considered a promising application direction of blockchain.

Public services

Blockchain is closely related to people’s production and life in public management, energy, transportation and other fields, but these The centralized nature of the field also brings some problems, which can be transformed with blockchain. The decentralized, fully distributed DNS service provided by the blockchain can realize domain name query and resolution through point-to-point data transmission services between various nodes in the network, and can be used to ensure an importantThe operating system and firmware of the infrastructure have not been tampered with, and the status and integrity of the software can be monitored to detect bad tampering and ensure that the data transmitted by the system using IoT technology has not been tampered with.

Digital copyright field

Through blockchain technology, works can be authenticated, proving the existence of text, video, audio and other works, and ensuring the authenticity and uniqueness of ownership. After the rights of the work are confirmed on the blockchain, subsequent transactions will be recorded in real time, realizing full life cycle management of digital copyright, and can also be used as a technical guarantee in judicial evidence collection.

Insurance field

In terms of insurance claims, insurance institutions are responsible for fund collection, investment, and claims settlement, and often have high management and operating costs. Through the application of smart contracts, there is no need for the policy holder to apply or the insurance company to approve it. As long as the claim settlement conditions are triggered, the insurance policy can automatically settle claims.

Public Welfare Field

The data stored on the blockchain is highly reliable and cannot be tampered with, so it is naturally suitable for use in social welfare scenarios. Relevant information in the public welfare process, such as donation projects, fundraising details, fund flows, recipient feedback, etc., can be stored on the blockchain and transparently and publicly disclosed conditionally to facilitate social supervision.

④ How many "thorns" will be encountered on the road to digital currency issuance?

(1) Issues in the implementation of legal digital currency technology

Blockchain is private The core technology of digital currency also provides ideas for the technical implementation of my country’s legal digital currency. In 2017, the People's Bank of China successfully tested a digital bill trading platform based on blockchain technology, and in 2018, it successfully tested a blockchain trade financing platform. Our country has further strengthened its research on central bank digital currency in the blockchain area. However, there are technical drawbacks in the legal digital currency based on the blockchain, which leaves technical loopholes in the safe development of our country's legal digital currency.

Legal digital currency has technical implementation difficulties, and the underlying technology of legal digital currency based on blockchain is not mature. First of all, the blockchain is a chain of transaction information records arranged strictly in chronological order and cannot be tampered with. Based on this characteristic, the accuracy and integrity of data recorded in the blockchain are strong. However, once the technical network is breached by hackers, this irreversible characteristic will cause irreversible economic losses to users. Secondly, my country has a large population and uneven economic development levels, which poses challenges to legal digital currency in achieving cross-regional, high-frequency, large-amount transactions and rapid system response.

At present, the blockchain data processing speed is only 6.67 times/second, with long synchronization time, large data redundancy, and low system throughput; and the maximum traffic peak of Tmall during the "Double 11" in 2020 can be Reaching 583,000 transactions/second. The transaction frequency of blockchain is far from meeting people's daily payment needs and large-scale transactions of stable digital currencies in the future. Finally, there are difficulties in the implementation of legal digital currency technology. From a theoretical analysis, we can see that my country’s legal digital currencyIt has great advantages, but in practice, whether it can quickly collect, process, monitor and analyze massive data, and implement efficient and accurate programmable operations is also one of the problems currently faced by legal digital currencies at the technical level.

There are also technical difficulties in the circulation environment of legal digital currency. The promotion of legal digital currencies requires the support of corresponding software and hardware infrastructure, the establishment of a broad circulation platform, and compatibility with digital currencies on the basis of the original business. First of all, my country’s support for professional and technical personnel and terminal equipment is relatively scarce. The basic database is seriously fragmented and the phenomenon of “data islands” is obvious. It is even more difficult to promote legal digital currency. Secondly, legal digital currency circulation outlets need to spend a lot of money. Labor costs, capital and time costs are used to upgrade technology, software and hardware facilities. The upgrading of digital currency payment machines by enterprises, merchants and other major financial service institutions will take some time for the public to adapt. This not only increases economic operating costs and causes efficiency losses, but also makes it difficult to build a legal digital currency circulation environment in a short period of time.

(2) The impact of legal digital currency on traditional commercial banks

my country's legal digital currency will adopt a "central bank-commercial bank" two-tier investment model, with the central bank issuing currency and passing Commercial banks provide exchange and circulation services to the public. This binary model digital technology will inevitably cause innovation in the financial system and monetary system, which will create transformation pressure on the business philosophy, business model, and business environment of my country's traditional commercial banks. First of all, this is reflected in the traditional cash business of commercial banks. Based on the positioning of legal digital currency, the currency in circulation, namely M0, will be mainly replaced.

This will have a huge impact on the cash transfer, escort, circulation and counterfeit banknote businesses of commercial banks. The demand for traditional cash counting, teller and other positions will be reduced, reshaping the management system of commercial banks, and at the same time increasing business Banks are under pressure to absorb deposits. Secondly, due to the emergence of digital currency, cash liquidity in the commercial banking system will gradually decline. The existing technical system cannot meet the operating space of legal digital currency, which will put higher requirements on the basic information system of commercial banks. At the same time, the main functions of commercial banks will shift to agents and other roles, greatly reducing their profit margins.

The development of legal digital currencies has impacted the credit system of commercial banks, increasing the pressure on demand deposits and greatly reducing the space for currency creation. The central bank plays a role in regulating and supervising commercial banks. The issuance of legal digital renminbi has added a layer of competition between the central bank and commercial banks. When the economy is depressed or the economic environment is unstable, people are more likely to store their currencies in the central bank's credit system and convert their deposits into legal digital currencies to avoid risks. The emergence of legal digital currency will cause the scale of current deposits of commercial banks to decrease, cash leakage to increase, financial disintermediation to accelerate, the currency multiplier to weaken, and the ability of commercial banks to create credit money to decline, leading to a decline in the overall liquidity of society.

The application of legal digital currency will greatly reduce people’s desire to hold cash, increase the conversion rate of financial assets, and increase the instability of the asset and liability side of commercial banks. Legal digital currencies make it easier for the public to convert deposits and financial assets, blurring the boundaries between deposits and currencies. Customers can perform frequent digital currency exchange operations, which increases the requirements for bank deposit reserve scale, thus affecting commercial banks. The supply of credit has made its operating environment more severe.

(3) Ethical issues in the application of legal digital currency

Legal digital currency will surely be another profound change in the history of currency development, but there are still ethical issues in its design and application. The ethical issues of digital currency technology mainly include two aspects: First, there are moral and ethical issues such as thinking concepts, value trends, and interest needs in digital currency technology design issues; second, the commercial application process of digital currency has value tendencies, and the digital divide is becoming increasingly serious. affect the distribution of social resources.

There is a capital value orientation hidden behind the technical algorithm of legal digital currency. The existence of digital currency is value-laden, that is, people with different value judgments will design different rules for using digital currency, or will choose different code rules to solve problems. The design of digital currency itself has a strong subjective bias. Fundamentally, it is human will that determines the generation and development of currency numbers. The design of digital currency programming technology will initially comply with the interests of capitalists and is a subjective reflection of the designer. It will inevitably be subject to discrimination and deviation due to the value tendency of developers. Legal digital currency is based on national credit, and its security and stability are higher than private digital currency. However, in the circulation and use of currency, value and ethics issues will still arise, and the degree of harm will be higher and the scope will be wider.

Legal digital currency will also have value and ethical issues in specific commercial applications. First of all, in the process of constructing a currency system with financial institutions such as traditional commercial banks and Internet finance, issues such as technological and ethical anomie will arise. For example, in the process of establishing intelligent information systems, the deviant behavior of technical personnel is concealed and difficult to monitor, lurking technological and ethical risks. Secondly, as people’s trust in technical tools increases, technical rationality will weaken people’s thinking about value rationality, and the problem of neglect of humanistic care caused by the rapid development of science and technology has gradually emerged.

Behind the efficient practical results brought by technological tools is the neglect of rational concerns about values ​​such as responsibilities and obligations, morals and ethics. Will the emergence of legal digital currency widen the gap between the rich and the poor in science and technology? Will the technological dilemma faced by my country's elderly become more serious? Will poor and remote areas catch up with the train of digital currency and achieve technological leaps, or will they become increasingly incompatible with this artificial technology? Is the era of intelligence further derailed? In the era of digital economy, the aphasia of marginalized groups is serious, and resource allocation is also biased towards groups on the commanding heights, and the digital divide is graduallyTo expand and influence the fairness and justice of social governance, the promotion of legal digital currencies faces serious ethical challenges.

⑤ When will A-Bank Super Wallet be put into use?

The application scenarios of digital renminbi are accelerating.
On September 21, the overall plan for the China (Beijing) Free Trade Pilot Zone was announced, proposing to support the Digital Currency Research Institute of the People's Bank of China in establishing a financial technology center, building a legal digital currency pilot zone and a digital financial system, relying on the People's Bank of China's trade finance The blockchain platform forms a trade finance blockchain standard system and strengthens regulatory innovation.
According to media reports, in addition to being used in transfer and payment scenarios, digital renminbi has been tested in the "credit card repayment" scenario.
Prior to this, more application scenarios of digital renminbi are being continuously explored. On September 21, JD Digits announced that the Digital Currency Research Institute of the People's Bank of China and JD Digits formally reached a strategic cooperation. Based on the digital renminbi project, the two parties will jointly promote the research and development of mobile basic technology platforms, blockchain technology platforms, etc.; In addition, combined with JD Group’s existing scenarios, we will jointly promote the innovation of digital RMB mobile application functions and the implementation of online and offline scenarios, and promote the ecological construction of digital RMB wallets.
Today, the digital renminbi pilot is still a "4+1", with internal closed pilot tests first conducted in Shenzhen, Suzhou, Xiongan New Area, Chengdu and future Winter Olympics scenes, and there has been no change. Shenzhen, Suzhou, Xiongan and Chengdu are representatives of the Guangdong-Hong Kong-Macao Greater Bay Area, the Yangtze River Delta, Beijing-Tianjin-Hebei and the central and western regions. The People's Bank of China is conducting pilot tests of digital renminbi in the above four places.
In addition, the four major banks are each developing their own proprietary digital renminbi APP. Some banks have developed APPs called "digital renminbi", and some banks have named them after animals.
Xiaolian Finance: Song Xi

⑥ What are the current applications of blockchain

There are many blockchain applications now, and they are still growing.

The People's Bank of China launched a trade finance blockchain platform: it widely connects information from taxation, customs, foreign exchange and other departments to effectively increase the credit of small and medium-sized enterprises in financing.
State Grid’s supply chain financial data sharing platform based on data side chain: Provides conditional and trustworthy sharing services of supply chain financial data under privacy protection, helping small and medium-sized suppliers in the chain to revitalize accounts receivable and reduce financing costs. Increase the financial income of financial institutions.
There are also Guangzhou Public Law Chain, Blockchain Electronic Invoice Express Edition, Trade Finance Blockchain Platform, Blockchain Certificate Deposit, Blockchain Traceability, etc. Crypto Finance mimacaijing focuses on blockchain information.

⑦ What digital currency will the central bank launch?

As of November 9, 2019, the central bank has not yet launched a digital currency.

In 2014, the Central Bank of China established a special research team to conduct research on digital currency issuance and business operations.Conducted in-depth research on the banking framework, key technologies of digital currency, issuance and circulation environment, legal issues faced, etc.

In January 2017, the central bank officially established the Digital Currency Research Institute in Shenzhen.

In September 2018, the Digital Currency Research Institute built a trade finance blockchain platform.

On July 8, 2019, at the launch ceremony of the Digital Finance Open Research Plan and the first academic seminar, Wang Xin, director of the Research Bureau of the People's Bank of China, revealed that the State Council has officially approved the research and development of the central bank's digital currency. Organize market institutions to engage in corresponding work.

(7) Extended reading on the People’s Bank of China’s trade finance blockchain platform:

Benefits of launching digital currency

Central Bank Currency The digitization will help optimize the central bank's currency payment function, improve the central bank's monetary status and the effectiveness of monetary policy. The central bank's digital currency can become an interest-bearing asset to meet the holder's reserve needs for safe assets, and can also become the lower limit for bank deposit interest rates. It can also become a new monetary policy tool.

At the same time, the central bank can affect bank deposit and loan interest rates by adjusting the central bank’s digital currency interest rate, and at the same time help break the zero lower limit of interest rates.

⑧ Is there any relationship between central bank digital currency and Radar Coin?

A: Hello, it does not matter. The digital currency introduced by the Chinese government is legal, recognized by the Chinese government, and can be circulated like digital currency, while Radar Coin is not recognized by the government and cannot be circulated. The central bank's digital currency is only the digitization of the RMB, and the quantity is uncertain, while Radar Coin is a completely decentralized virtual currency with a fixed number of 1 billion issued in constant quantity. Radar Coin is not only a currency, but also a tool to realize the free circulation of global currencies. payment instrument.

1. Central Bank Digital Currency
Central Bank Digital Currency is a legal digital currency planned to be issued with the approval of the State Council. The central bank is organizing market institutions to engage in the research and development of central bank digital currency.

On August 21, 2019, the central bank’s WeChat public account published two articles about digital currency.

In December 2019, Yi Gang, Governor of the People's Bank of China, stated that the People's Bank of China has been studying digital currencies since 2014 and has made positive progress. The People's Bank of China will combine digital currencies with electronic payment tools and will launch a package plan with the goal of replacing part of cash.

Development History
In 2014, the Central Bank of China established a special research team to conduct in-depth research on the digital currency issuance and business operation framework, the key technologies of digital currency, the issuance and circulation environment, and the legal issues faced, etc. .

In January 2017, the central bank officially established the Digital Currency Research Institute in Shenzhen.

In September 2018, the Digital Currency Research Institute built a trade finance blockchain platform.

On July 8, 2019, at the launch ceremony of the Digital Finance Open Research Program and the first academic seminarLast year, Wang Xin, director of the Research Bureau of the People's Bank of China, revealed that the State Council has officially approved the research and development of the central bank's digital currency, and the central bank is organizing market institutions to engage in corresponding work.

On August 2, 2019, the central bank stated at the work video conference for the second half of 2019 that it would accelerate the research and development of legal digital currency. On August 10, Mu Changchun, deputy director of the Central Bank’s Payment and Settlement Department, said at the China Financial Forty Yichun Forum that “the central bank’s digital currency can be said to be ready.” On August 18, the Central Committee of the Communist Party of China and the State Council issued opinions on supporting Shenzhen in building a pioneer demonstration zone for socialism with Chinese characteristics, mentioning support for innovative applications such as digital currency research in Shenzhen. On August 21, the central bank’s official Weibo published two articles about digital currency. One was published in January 2018 by Vice Governor Fan Yifei talking about the central bank’s considerations for digital currency. The second was published in August 2018 by Mu Changchun, deputy director of the Payment and Settlement Department. Speech in Yichun on the 10th.

On the evening of April 14, 2020, a photo of the central bank’s digital currency being tested internally in an Agricultural Bank of China account was circulated on the Internet. It is said that Xiangcheng District in Suzhou is an important pilot area for the central bank’s digital currency (DC/EP).

On the evening of April 17, 2020, the Central Bank Digital Currency Research Institute issued the latest response to the internal testing of the central bank’s digital currency. The Central Bank's Digital Currency Research Institute stated that the current DC/EP information transmitted online is test content in the technology research and development process and does not mean that the digital renminbi has been officially issued.

⑨ The CTFU platform application was put into production to see how blockchain can promote the development of the banking industry

On August 28, the China Banking Association organized the "China Trade Finance Inter-bank Trading Zone" Blockchain Platform” (referred to as “CTFU Platform”) construction symposium. At the meeting, the China Banking Association, the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China, the China Construction Bank, and the Bank of Communications jointly signed the "CTFU Platform Service Agreement", officially kicking off the launch of the CTFU platform application.

As a new technology in the financial field, blockchain has continuously expanded its application scenarios and has had a profound impact on the entire banking industry. Various banks have also increased their emphasis on blockchain technology and utilized regional Blockchain technology solves current industry pain points.

What are the pain points in the banking industry?

[if !supportLists]1, [endif] Audit and verification costs are high. Currently, many bank operations require offline operations, and banking business relies on paper documents. A large amount of paper materials are required during the review and verification process, which consumes a lot of manpower and material resources.

[if !supportLists]2, [endif] Risk monitoring is difficult. Bank trade involves a wide range of transactions, with long transaction chains and multiple settlement methods. Sometimes regulatory data is not updated in a timely manner, which will bring potential business risks to banks.

[if !supportLists]3, [endif] Information sharing is difficult. Each department in the transaction chain is relatively independent. Each department has its own system, standards and management model. Information transparency is low, which makes it difficult to share information between departments.

[if !supportLists]4, [endif] Financing costs are high. In order to reduce their own risks, banks require financing deposits and provide mortgages, pledges, guarantees, etc., which further increases the financing costs of enterprises.

How does blockchain solve these pain points?

Taking CTFU as an example, when Tian Guoli, president of the China Banking Association and chairman of China Construction Bank, introduced the CTUF platform, he pointed out that the platform will play four roles:

1. Realize the standardization, electronicization and intelligence of inter-bank trade financial product transaction information and promote the development of supply chain finance.

Use blockchain technology to put transaction information on the chain, unify standards among banks, and then digitize various paper materials to reduce labor and material costs while ensuring transactions The credibility of information promotes the development of supply chain finance.

2. Improve trade financing efficiency, reduce financing costs, and enhance the quality and efficiency of financial services to the real economy.

In the blockchain, information will become more transparent, and communication between various departments within the bank will become more convenient and faster, improving the collaboration efficiency of all parties in the financing process. Processes are optimized and financing costs are reduced.

3. Use the characteristics of blockchain technology such as "distributed storage, transaction traceability, and non-tampering" to effectively prevent and control trade finance business risks.

Utilizing the non-tamperable characteristics of the blockchain, combined with digital signatures and transaction traceability, we can effectively achieve information credibility, effectively solve the bank's trust cost and audit verification cost, and facilitate the bank's trade finance industry. Carry out risk management and control.

4. It is conducive to resource sharing and utilization and improves the association's service level to members.

With the help of blockchain technology, banks can share and utilize resources and information through end-to-end data exchange and effective verification.

Currently, trade finance and supply chain finance are the most feasible application scenarios of blockchain in traditional finance. But the possibilities brought by blockchain technology are certainly not limited to this. Banks will increasingly explore blockchain technology. The exploration and application of blockchain technology in the field of trade finance is worth looking forward to.

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