Creating Blockchain Driven Ecosystem Model for Enterprise Financial Management
Quan Liu, Yun-Kui Song · 2020
Blockchain technology is broadly used for financial transactions at present in many fields.Technical features of blockchain technology are decentralization, trustworthiness, verifiability, and programmability.Financial management ecosystem is a system model based on natural ecosystems.Financial ecosystem model links the internal and external environment of the enterprise development and the various departments and institutions to contribute to financial management.Financial ecosystem model has a certain role in promoting the financial management level of enterprises.Applying the blockchain to the financial ecosystem is the development trend of blockchain application.The article constructs the financial management ecosystem model based on blockchain and analyzes the problems existing in the blockchain application.Suggestions for improvement to promote the application of blockchain in the financial ecosystem model. Related Technology Blockchain TechnologyBlockchain is a distributed database system which integrates many nodes.The core of the system is to realize the operation of the trusted network through decentralization based on the consensus algorithm and encryption technology.In a narrow sense, blockchain is a combination of data arranged in chronological order based on the principle of cryptography [1,2].The combination has the characteristics of decentralization and non-tamperability.In a broad sense, blockchain technology is based on the distributed consensus algorithm that the decentralized network structure Advances in Social Science, Education and Humanities Research, volume 403