Research on the development mode of digital channels of commercial banks based on blockchain finance

Abstract

—In 2021, blockchain was included in the national five-year plan for the first time, and in the chapter of “Accelerating Digital Development and Building Digital China”, blockchain was listed as one of the seven key industries of digital economy in the 14th Five-Year Plan. The rapid development of blockchain technology not only promotes the high-speed operation of China’s real economy and greatly improves the overall service quality of China’s digital economy, but also provides new development ideas for the innovative development of digital channels of commercial banks. In this paper, through the use of literature research method and qualitative analysis method, we deeply analyze the challenges faced by the development mode of commercial banks at the present stage, etc. Accordingly, we propose corresponding countermea-sures and suggestions from the perspectives of research and development of technology, customer privacy protection and improvement of service efficiency, so as to continuously empower the digital transformation of commercial banks in China.