What impact does blockchain technology have on financial infrastructure?

Blockchain technology is a decentralized value exchange mechanism, which will lead to earth-shaking changes in the existing financial infrastructure characterized by centralization.

Assets such as collateral, pledge, stocks, bonds and derivatives usually need to be registered or kept by a credible core institution, but blockchain can record and save the data of these products in a new way, which will have an impact on the registration system of these products.

Blockchain can receive and respond information and value through smart contracts, automatically complete the transfer of value, and automatically complete transactions, clearing and settlement, which will impact the existing financial infrastructure such as large-value trading system, securities depository, securities settlement and OTC derivatives trading.