Financial Processing Management System of Financial Blockchain

Financial Processing Management System of Financial Blockchain

Glossary

Term DefinitionsFinancial blockchain regards each stage in the financial processing flow as a block and represents a data structure of the entire process in the form of a blockchain. BlockThe basic unit in the financial blockchain, representing a specific stage in the financial processing flow.Open verification codeThe password used to access and open a specific block or data within a block.Close verification codeThe password used to confirm the validity of data editing within a block and close the block.Authority computer system is responsible for creating and managing the central system of the financial blockchain.Financial data processing applicationThe application installed on each participating computer system to perform financial data processing for a specific block.Financial blockchain data areaThe area where financial blockchain data is stored, which can be located locally on the participating computer system or in the cloud.Hash valueThe result obtained by calculating data using a hash function, which is used to verify data integrity. |

Short answer questions

What are the advantages of the financial blockchain described in the present invention compared with the traditional financial blockchain?

The present invention simplifies the data verification process and reduces the computing cost by introducing open verification codes and closed verification codes. In addition, the present invention supports pre-planning or dynamic construction of blockchains, which improves flexibility.

Explain the role of open verification codes and closed verification codes in the system.

The open verification code is used to authorize users to access and edit data in a specific block. The closed verification code is used to verify the validity of data editing and close the block to ensure data integrity.

Where can the financial blockchain data area in the present invention be stored?

The financial blockchain data area can be stored in the local memory of the participating computer system or on a cloud server.

Explain the role of the hash value in the present invention.

The hash value is used to verify the integrity of the block data. Each block contains the hash value of the previous block, and any tampering will cause the hash value to not match.

What types of financial blockchain structures does the present invention support?

The present invention supports one-dimensional, two-dimensional and higher-dimensional financial blockchain structures, which can be flexibly configured according to actual needs.

Describe two different types of dynamically constructed financial blockchains.

The first type is that the initial blockchain structure is created by the authority system, but the processor of some blocks is dynamically specified by the processor of the previous block. The second type is more flexible, and the processing content and processor of some blocks are dynamically determined by the processor of the previous block.

List three financial business scenarios where the present invention can be applied.

Loan process management: tracking loan application, approval, issuance and other links.

Payment and settlement process management: record payment instructions, fund transfers, reconciliation and other steps.

Securities trading process management: track order generation, matching, settlement and other processes.

In terms of data security, what measures has the present invention taken?

The present invention uses verification codes to control data access rights, and can use hash values ​​and encryption technology to ensure data integrity and security.

How does the present invention achieve performance management of financial institution personnel?

A performance management blockchain can be established for each employee to record their work performance, project contribution and other data, and generate scoring data for easy evaluation and management.

What types of data can be traded in the data trading system proposed in the present invention?

The data that can be traded include but are not limited to: currency transaction data, credit information data, loan process data, payment settlement data, securities trading data, etc.

Discussion question

Explain the improvements of the present invention in data security and processing efficiency compared with traditional financial blockchains.

Compare and contrast the advantages and disadvantages of planned financial blockchains and dynamically constructed financial blockchains, and give examples of their applicable scenarios.

Taking a specific financial business scenario as an example, explain in detail how to use the present invention to build a financial blockchain system and analyze its advantages.

Explore the challenges and opportunities that the present invention may face in promoting the sharing and utilization of financial data.

Combined with the current development trend of financial technology, the application prospects of this invention in the future financial field are prospected.