Since the invention of steam engines, electricity and computers, the "fourth industrial revolution" represented by the digital revolution has been exciting, and blockchain technology is the result of the "fourth industrial revolution", leading the financial technology from the mobile Internet, Data, cloud computing and other application levels. Blockchain is a disruptive technology.

In the blockchain innovation and application exploration, finance is the most important field. At present, the exploration and practice of the main blockchain applications are also centered on the financial sector. In the financial field, blockchain technology has broad application prospects in many aspects such as digital currency, payment and clearing, smart contracts, financial transactions, and internet of things finance.

Typical applications include Bitcoin, Litecoin and other electronic currencies, more secure and open distributed billing systems, payment settlement systems, and more.

Clearing houses, depositories, exchanges, investment banks, commercial banks, brokers and other financial institutions in developed countries have begun to promote application exploration in areas such as cross-border payment, securities transaction settlement, and securities issuance.

The application of blockchain technology in the financial field mainly includes the following aspects:

1, digital currency

Bitcoin is the most widely used and most successful application of blockchain technology. On the basis of Bitcoin, a large number of other types of decentralized digital currency have been derived, collectively referred to as "competitive currency" or "cottage currency". For example, bitcoin cash, Pesetacoin, HyperStake

2, payment and liquidation

At this stage, the payment and liquidation of commercial trade transactions must rely on the banking system. This traditional bank-based transaction has to go through a number of organizations, such as account opening banks, rival banks, liquidation organizations, and overseas banks, as well as a variety of processing procedures. Compared with the traditional payment system, blockchain payment can provide direct end-to-end payment for both parties to the transaction, without intermediaries involved, and can achieve significant improvements in speed and cost reduction, especially in terms of cross-border payments.

3, digital bills

Digital bills mainly have the following core advantages: First, decentralization of bill value transmission can be achieved. In the traditional bill transaction, the bill transaction center often needs to forward and manage the transaction information. With the blockchain technology, the peer-to-peer transaction can be realized and the role of the bill transaction center can be effectively eliminated. The second is to effectively prevent the bill market risk.

4. Bank credit management

In the area of credit information, the advantage of blockchain is that it can automatically record credit-related information based on program algorithms and store it on every computer in the blockchain network. The information is transparent, can not be tampered with, and the cost of use is low.

5. Exchange securities trading

At present, major European and American financial institutions and exchanges have carried out research on the application of blockchain technology in securities trading, explored the use of blockchain technology to improve transaction and settlement efficiency, and used blockchain as a blueprint to build the next-generation financial asset trading platform. Among all exchanges, the Nasdaq Stock Exchange performed the most aggressively.

6, equity management

People always want to invest in some good companies before they go public and get the company’s original equity. However, due to the lack of trust between the company and individual investors, the related transactions are inefficient. Individual investors are not favored by large companies and can only purchase company stocks in the stock market.

ShareX's enterprise equity management system built on blockchain technology will help equity holders around the world to manage equity in a convenient, efficient, and trustworthy manner. It also provides an unlisted company with a blockchain-based equity trading platform that lowers the threshold. ShareX helps investors invest in trusted, high quality, unlisted companies.

7, financial audit

Since 2016, PwC has announced that it has made significant inroads into blockchain research. It has recruited F15 technical experts to explore and research blockchain technology, and has cooperated with Blockstream and Eris Technologies, which specialize in blockchain applications. In addition, blockchain technology has huge application potential and application scenarios in P2P lending platforms and decentralized crowdfunding platforms. For example, elixir, a crowdfunding, lending, and payment multi-functional platform.