Affiliations: School of Management, Shanghai University, Shanghai, China
Correspondence:
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Corresponding author. Zongfeng Zou, School of Management, Shanghai University, Shanghai 200444, China. E-mail: [email protected].
Abstract: At present, the spot exchange will encounter two major problems in the commodity transaction. One is the risk of the transaction. The second is the transaction controllability problem. The problem of transaction accuracy is mainly manifested in the complex links. The information transparency is not high. The stakeholders are relatively independent, thus exacerbating the risk of the transaction. Spot trading market is very large, there are many difficulties in the process of market transactions, and the controllability is not high, which brings security risks to the healthy development of spot trading market. Therefore, in this paper, the block chain technology distributed book functions were combined to improve the rapid interaction of information. Market bi-directional transactions were increased, the authenticity and reliability of the transaction was guaranteed, and the risk of the transaction was reduced. In addition, the decentralization function of block chain technology was exploited, and the ability of market regulators to supervise the market order was improved. The healthy development of spot trading was guaranteed.
Keywords: Block chain technology, spot transaction, distributed account, de centralization
