Research on Blockchain Financial Derivatives Cluster

Abstract

According to the National Internet Information Office's "Domestic Blockchain Information Service Filing", there had been 72 enterprises registered for providing blockchain-based financial services by the end of 2019, accounting for 17% of the total number, and 120 financial services had been filed. This data reflects the booming blockchain financial application, and the growing interest in blockchain finance. This paper uses qualitative analysis and scale method to analyze the blockchain financial derivatives cluster, based on the collection of 122 operating blockchain financial enterprises’ main businesses. The study finds that blockchain financial derivatives have advantages of mitigating information asymmetry and reducing transaction costs; compared with traditional finance, it also changes the form of transactions rather than the nature of finance (i.e. credit), and innovates related financial businesses focusing on credit and technology. The results of this paper provide an important reference for the business innovation transformation of traditional financial enterprises and investors' investment choices, and also suggests that the government should introduce relevant policies as soon as possible to regulate legal loopholes.