Blockchain application in banks

In the field of Internet finance, blockchain technology is the most popular topic at this year. One way of saying this is that after ten years, Internet finance will disappear and be integrated into the Internet of Everything. Not to mention whether this is alarmist. In the controversial issue of Bitcoin, its core Blockchain technology is sprouting and is expected to be a disruptive force in the financial sector.

What kind of spark will the blockchain and the bank shine?

Since the blockchain has been written into China's "13th Five-Year Plan", many domestic banks have stepped up their efforts to actively participate in blockchain technology application innovation in various ways. The industry believes that the blockchain has attracted widespread attention from governments, finance, technology and other countries around the world. It is not difficult to foresee that the blockchain is becoming the future of the industry.

Blockchain application in banks

Banking game rules have quietly changed

In the "Blockchain - The Subversive of the Rules of the Banking Game" report, McKinsey defines blockchain technology as a disruptor to the rules of the banking industry. It is the most potential trigger after steam engine, electricity, information and internet technology. The core technology of the fifth round of disruptive revolutionary wave.

Half of the bank executives involved in the survey believe that the blockchain will have a substantial impact on existing banking operations in the next three years.

Qu Jiawen, deputy governor of the Postal Savings Bank, said that in the financial sector, the blockchain can fill the trust gap between the parties at a low cost, making the trading environment more secure and credible. It can also effectively improve the operating efficiency of financial institutions, control risks, and reduce transaction and management costs. More strikingly, many of the traditional business processes can be simplified or eliminated after filling in the trust gap in financial institutions' interactions, and new financial trading models are likely to be created.

Faced with the rapid impact of blockchain technology, McKinsey suggested in the report that China's banking industry must form a clear strategic view as soon as possible, and timely understand how blockchain technology will help or pose challenges to banking, and actively engage with peers and technology. The company cooperates to explore possible application scenarios and put them into action as soon as possible.

Ma Zhitao, deputy governor and chief information officer of Weizhong Bank, believes that the current lack of blockchain is a successful sample. It is not possible to use blockchains in order to use blockchains. It should really solve the problems in the business. What you do is to really bring out the potential of the blockchain in practice.

“Weizhong Bank is optimistic about the development potential of the blockchain from the beginning. Some attributes of the blockchain, including distributed architecture, consistency, consensus mechanism, encryption algorithm, etc., if each item is viewed separately, It will make people feel uncomfortable, but when combined, they will find that the blockchain is indeed a very unique technical component that can generate a lot of business value, such as using a blockchain to do distributed ledgers, so that all participants can See consistent data and so on." Ma Zhitao said.

Blockchain application in banks

Technology application ushered in an outbreak

Blockchain technology can solve the financial essence - credit problem to a certain extent. Major financial institutions at home and abroad are aiming at the blockchain, which has the potential to promote profound changes in the financial industry. They have carried out research and application of blockchain technology and actively deployed blockchain strategies.

At present, many financial institutions have actively tried to exploit the technical characteristics of the blockchain in business scenarios such as digital currency, asset custody, equity transactions, electronic bills, clearing and settlement, cross-border finance, asset trading, supply chain finance, and financial auditing. In the past, it solved the problems of high cost, long process, complicated credit check, and inconsistency of data between multiple organizations in financial transaction management.

At the beginning of the year, the Postal Savings Bank launched a blockchain-based asset escrow system, which realized the real-time sharing of information in multiple parties, eliminating the need for duplicate credit verification, reducing the original business links by 60% to 80%, and making credit exchange. More efficient, this innovation has become a successful practice for blockchain technology in banking core business systems.

Zheshang Bank also released the first blockchain-based mobile digital money order platform to provide enterprises and individuals with the ability to issue, sign, transfer, trade, and redeem mobile digital money orders on mobile clients. In addition to reducing the cost of multi-participating departments, the biggest advantage of using blockchain technology is that it is stored and traded in the form of digital assets, and it is not easy to lose and cannot be tampered with.

China Merchants Bank realized the application of blockchain technology in the global cash management field of cross-border direct-link clearing, unified view of global accounts and cross-border capital collection.

Since China’s first cross-institutional alliance chain launched by Weizhong Bank has been put into trial operation since August last year, as of the end of March this year, the number of application data records in the production environment has reached 2.2 million, and the application mainly passes through the district. Blockchain and distributed ledger technology optimizes the provisioning management and reconciliation process in the joint loan business. At present, banking institutions such as Shanghai Huarui Bank, Luoyang Bank and Changsha Bank have access to the micro-bank blockchain network.

It is worth mentioning that the application of blockchain technology has also been extended to the charitable cause by the banking industry. Everbright Bank (601818, stock bar) recently hatched the “Mother Water Margin” charity through its technology innovation laboratory. The blockchain charity donation system for the project.

Blockchain application in banks

A new round of scene application is brewing

Industry experts believe that the application of blockchain technology in the financial field is still in its infancy, but with the advancement of blockchain technology, “blockchain+finance” will achieve more breakthroughs in the application field. Experts predict that blockchain technology may be applied to digital currency, bills, clearing and settlement, equity trading, auditing, notarization and other fields in the future.

Various commercial banks are also constantly exploring new ways. The Postal Savings Bank said that the bank will pay close attention to the latest developments in blockchain technology, form a professional team to conduct continuous tracking research on blockchain technology, and actively try other banking businesses to apply blockchain technology, such as supply chain finance and warehousing. Business scenarios such as quality mortgages, trade financing and guarantees.

Weizhong Bank is also preparing new actions. In the near future, it will officially launch an open source plan for the underlying platform of the blockchain, and is committed to building a multi-party cooperative community of deep mutual trust, further promoting the formation of a distributed business ecosystem.

Blockchain application in banks

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Lock Motor product introduction:

Safe Lock Motor, also known as The anti-theft lock motor, in the field of electronic Lock technology, Safe Lock Motor is a mechanical Lock components associated with the electronic control unit of the important parts.


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This kind of motor has the characteristics of low noise, low energy consumption, small volume, light quality, high precision, large torque and durability

Method of use: the best stable in horizontal plane, installed on the Safe Lock Motor output shaft parts, cannot use a hammer to knock, knock prone to press into the dc Safe Lock Motor drive, may cause damage to internal components, and cannot be used in the case of blocked.

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Operating temperature range:

Gear Motor For Safe Lock should be used at a temperature of -10~60℃.

The figures stated in the catalog specifications are based on use at ordinary room temperature catalog specifications re based on use at ordinary room temperature (approximately20~25℃.

If a Safe Lock Motor is used outside the prescribed temperature range,the grease on the gearhead area will become unable to function normally and the motor will become unable to start.Depending on the temperature conditions ,it may be possible to deal with them by changing the grease of the motor's parts.Please feel free to consult with us about this.


Storage temperature range:

Gear Motor For Safe Lock should be stored ta a temperature of -15~65℃.

In case of storage outside this range,the grease on the gearhead area will become unable to function normally and the motor will become unable to start.


Service life:

The longevity of Dc Motor For Safe Lock is greatly affected by the load conditions , the mode of operation,the environment of use ,etc.Therefore,it is necessary to check the conditions under which the product will actually be used .The following conditions will have a negative effect on longevity.Please consult with us should any of them apply.



●Use with a load that exceeds the rated torque

●Frequent starting

●Momentary reversals of turning direction

●Impact loads

●Long-term continuous operation

●Forced turning using the output shaft

●Use in which the permitted overhang load or the permitted thrust load is exceeded

●A pulse drive ,e.g.,a short break,counter electromotive force,PWM control

●Use of a voltage that is nonstandard as regards the rated voltage

●Use outside the prescribed temperature or relative-humidity range,or in a special environment.

●Please consult with us about these or any other conditions of use that may apply,so that we can be sure that you select the most appropriate model.


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