The Advantages of Blockchain Technology in Commercial Bank Operation and Management

Abstract

Blockchain technology as a new database technology, is gradually applied to many fields in society. As every country in the world pays more attentions to the development of the financial industry, blockchain technology becomes more widespread in the businesses of commercial banks. This paper discusses the advantages of blockchain technology for commercial banks from the following aspects. At first, the development of blockchain technology and the theory of blockchain technology are introduced. Next, the advantages of blockchain technology are analyzed in bill operation, cross-border payment operation and asset securitization business of commercial bank. Finally, the conclusions show that blockchain technology can decrease transaction cost for both sides and increase operating efficiency of commercial bank in operation and management.