Abstract
China is actively promoting the development of blockchain-related technologies, and hopes to apply the technology to commercial banks. Nowadays, blockchain technology has become one of the most important research directions of financial technology for Chinese commercial banks. Under the traditional model, it is difficult for banks to reasonably evaluate customers before lending, update customer information during lending, and make timely adjustments to unfavorable conditions after lending. These are the difficulties faced by banks in the traditional mode. Blockchain technology can screen customers for banks before lending, monitor customers status in real time during lending, and deal with problems in time after lending. However, if this technology is to be introduced perfectly, China needs to solve the problems of imperfect laws and mechanisms, low maturity of technology, insufficient performance and scalability, unprotected security, and excessive cost and mismatch with revenue.
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