The mechanism for the formation of blockchain schemes in the activities of the bank

Abstract

Under the development of digitalization, many countries have followed up steps to embrace this brand new technology and implement digitalization, for some countries which still think that the digitalization apllied to financial area would be a huge risk. This article briefly analyzes the importance of blockchain applications in banking activities and its mechanism, demonstrates the theories proposed by relevant economists, and explains how blockchain can improve security and efficiency for business activities.