Author(s)

Qi Fan

Corresponding Author

Qi Fan

ABSTRACT

With the development of high and new technologies such as big data, artificial intelligence and cloud computing, the combination of traditional finance and emerging technologies has set off a wave of financial technology, but the new risks that follow have also brought challenges to financial regulation. In order to improve the financial risk management system in the new era, regulators combine regulatory business with emerging technologies to promote the further and orderly development of the financial industry. As one of the underlying technologies of regulatory technology (RegTech), the application of blockchain technology in RegTech is still in the stage of exploration and experiment. Blockchain technology has the advantages of decentralization and trust. It has high application value and broad application prospects in the field of RegTech. This paper will first introduce the current situation and characteristics of RegTech and blockchain technology, then explore the advantages and challenges of applying blockchain technology in the field of RegTech, then summarize the specific application of blockchain technology in RegTech, and finally put forward suggestions for further application of blockchain technology in the field of RegTech.

KEYWORDS

Regulatory Technology, RegTech, Blockchain