Optimizing the Configuration of Financial Supervision Equipment by Using Key Privacy Protection Technologies of Blockchain

Abstract

The use of blockchain technology in the financial field can effectively break information barriers; track and audit the entire funding cycle, and help improve the transparency of fund use. It can simplify the transaction process, help reduce transaction costs and improve efficiency. However, compared with Western developed countries, the application of blockchain technology in China is still in its infancy, and its application in the financial field faces challenges such as the limitations of traditional concepts, low technology levels, and technology shortages. Research and application talents, laws and regulations are not perfect. It is necessary to innovate ideas, strengthen technology research and development, vigorously cultivate technology research and application talents, and improve relevant laws and regulations to promote the wide application of blockchain technology in the financial field. Based on this, this article studies the use of blockchain key privacy protection technologies to optimize the configuration of financial supervision equipment. This article mainly focuses on blockchain technology and its application in the financial industry, combined with an overview of blockchain technology as the main basis, and then analyzes the application of blockchain technology in the promotion of the financial industry, and makes recommendations. Use blockchain technology to better promote the development of the financial industry. Research shows that blockchain is a new application model of computers. Blockchain is second only to network technology. Mainframes and personal computers have the greatest potential and widest influence, and are essential for triggering industrial change power. Therefore, blockchain technology has great potential in the financial governance system.