Frontiers of Data and Computing ›› 2020, Vol. 2 ›› Issue (5): 84-98.doi: 10.11871/jfdc.issn.2096-742X.2020.05.009

• Technology Applicaton of Blockchain • Previous Articles     Next Articles

A Proof-of-Concept System for Bonds Registration and Trading Report Using Consortium Blockchain

Zhang Qing1(),Gao Jian1(),Qin Qiqiang1(),Yin Keting2,*()   

  1. 1. Innovation Lab, Shanghai Financial Futures Information Technology Co., Ltd., Shanghai 200122, China
    2. Institute of Software, Zhejiang University, Hangzhou, Zhejiang 310007, China
  • Received:2020-07-10 Online:2020-10-20 Published:2020-10-30
  • Contact: Yin Keting E-mail:zhangqing@cffex.com.cn;gaojian@cffex.com.cn;qinqq@cffex.com.cn;yinkt@zju.edu.cn;yinkt@zju.edu.cn

Abstract:

[Objective] In order to provide references for bonds registration, hosting and trading under one unified market environment, a platform is designed based on consortium blockchain with its characteristics of multi-center, anti-tampering and traceability. [Methods] After analyzing domestic and overseas bonds trading platforms, a multi-agent, cross-market and transparent supervision proof-of-concept system is proposed. The POC system consists of the architecture design, business design, alliance governance, e-contract, smart contract and trading report. [Results] The proof-of-concept system for bonds registration, trading and reporting is implemented based on Hyperchain, which has forward-looking significance. [limitations] For the commercial launch, the synchronization of bonds and funds is our next priority. [Conclusions] The proof of concept system provides a feasibility study for the traditional industry’s upgrading and reform, cross-border supervision and cooperation based on blockchain. Furthermore, it provides innovative tools and new ideas for balancing innovation and supervision in the financial sector.

Key words: consortium blockchain, registration and hosting, trading report, smart contracts