Blockchain technology in the field of cross-border paymentapplication research[Abstract] Blockchain is a relatively cutting-edge technology, which can be widely used on the Internet and has a high degree of decentralization
This technology is equivalent to establishing a general distributed ledger on the Internet
Participants can directly transmit information and jointly participate in the confirmation of each transaction node
Moreover, participants are allowed to use encryption algorithms and smart contracts and other technologies to access and operate information in their respective compliance fields, ensuring the security of information flow
At present, the research on blockchain has become a hot spot, and its application scope has been extended to many fields such as commerce, cons