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Theoretical and Practical Analysis of Financial Innovation Driven by Block-chain

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DOI: 10.38007/Proceedings.0000852

Author(s)

Yu Zhou

Corresponding Author

Yu Zhou

Abstract

Block-chain, as the underlying technology of digital currency, has received much attention in modern times. With the gradual development of Internet technology, block-chain technology has also been widely used. The financial infrastructure and the entire financial system have had a significant impact on innovation driven by block-chain. The credit mechanism has been reshaped and transaction costs have been reduced. The author first analyzes block-chain, then analyzes theoretical impact of block-chain on financial innovation, and finally analyze specific form of financial innovation driven by block-chain.

Keywords

Block-chain; Drive; Financial innovation; Theoretical and practical