区块链在我国资本市场领域核心场景应用研究.pdf

中证协2020年度优秀课题选编 区块链在我国资本市场领域核心场景应用研究 上海证券交易所课题组 (上海证券交易所，上海 200120) 摘要：在分析区块链金融行业应用价值及境外经验的基础上，本文立足我国资本市场发展实际，以问题和需求为导向，思 考利用区块链规划构建我国资本市场的核心场景应用，包括面向泛金融资产交易的新型基础设施，及以之为基础的统一债 券交易平台、交易所场外交易平台、“云链一体化”新型证券信息服务平台、证券监管数据共享平台等。本文建议：一是 由金融监管部门统筹建设国家级区块链泛金融新型交易基础设施；二是鼓励可行性较高的区块链应用场景以概念验证项目 先行先试；三是加强区块链金融科技投入和相关人才培养；四是重视区块链交流合作和区块链知识产权。 关键词： 区块链；分布式账册；资本市场；数字资产 Abstract: Based on the analysis of the practical value of blockchain in the financial industry and the application of blockchain in major overseas capital markets, this article focuses on the development of China’s capital market and considers the use of blockchain in the core scenarios, which include new infrastructure for pan-financial asset trading, a unified bond trading platform, over-the-counter trading platforms, “cloud-chain-integration” securities information service platforms, and securities regulatory data-sharing platforms. This article suggests: Firstly, the construction of this new pan-financial blockchain infrastructure should be coordinated by financial regulatory departments; Secondly, feasible concept projects should be encouraged to test first; Thirdly, the investment in blockchain technology and the training of related talents should be strengthened; Lastly, the communication, cooperation and intellectual property right protection about blockchain should be valued. Key words: blockchain, distributed ledger, capital market, digital assets 课题负责人：徐广斌，正高级研究员，上海证券交易所资本市场研究所金融实验室负责人、所长助理。课题组成员：丁逸 俊、张志遵、牛壮，均为上海证券交易所资本市场研究所研究员；朱立，上交所技术有限责任公司副总监级首席架构师， 高级工程师；徐丹，上交所技术有限责任公司研究员。 中图分类号：TP311.13 文献标识码：A 链。总体上看，区块链的独特价值在于由技术手段保障 一、金融行业区块链的应用价值和应用发展 的去中心化、透明、自治、安全、不可篡改及可追溯等 (一)区块链的内涵及在金融行业的应用价值 特性，创造了互联网上不依赖第三方信任的在线信息交 区块