TechFlow news — On January 9, according to Caixin, a senior digital RMB expert pointed out that currently, in terms of actual performance of mainstream public blockchains and the daily high-concurrency demands of traditional payment systems, blockchain technology is not as efficient or performant as traditional centralized payment systems. However, cross-border payments are a suitable area for blockchain technology. The main reason is the lack of mutual trust among central banks. Interconnection among central banks requires an underlying technical system. If a traditional centralized system is adopted, a thorny issue arises immediately: where to locate the data center. Placing it in any single country would make others uneasy about potential surveillance and data security risks. The distributed nature of blockchain perfectly addresses this pain point—each participating central bank manages its own node, forming a truly decentralized and distributed network.
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