Revolution of Financial Credit Industry System Based on Blockchain Technology

The digital economy is an important embodiment of a country’s comprehensive strength in the digital era and an important engine for building a modern economic system. Developing the digital economy is a strategic choice to seize the new opportunities of the new round of scientific and technological revolution and industrial transformation. China’s digital economy is expanding rapidly, but the problems of unbalanced, inadequate and non-standard development are more prominent. Innovation capacity in key areas is still not sufficient, and China’s supply chain and credit chain are restricted due to economic and political problems. Standardized, healthy, and sustainable is an urgent requirement for the high-quality development of the digital economy, and the digital economy governance system needs to be further improved. As the accelerator of national economic development, this paper aims to explore a high-quality development path to improve traditional financial credit system, to speed up the shortcomings and weaknesses, improve the level of credit investigation governance with application of blockchain architecture. Due to the characteristics of tamper-resistance, distributed memory, fixed algorithm, and openness, the integration of blockchain technology and credit has yet to be developed. Blockchain technology will be the core driving force of the economic market in the future.