An Overview of The Digital Financial Application Model with Blockchain As the Engine and The Challenges It Faces

Abstract

The digital finance powered by the blockchain, through the creation of non-centralized credit, has developed the exchange of digital value into a trend, which is a subversive reform of the traditional business model, while improving the existing financial infrastructure. This creates a global financial network with a whole new meaning. Digital economy theory, free money theory and information asymmetry theory constitute the theoretical basis of digital finance. This paper briefly clarifies the basic connotation and characteristics of distributed bookkeeping of blockchain technology, analyzes the theoretical background of digital finance, expounds several main application modes of digital finance, and expounds the problems faced in its development, and gives development countermeasures.