This book concentrates on the topic of research on Chinese blockchain payment system development strategies. At the same time, the book provides a deep and thorough fundamental theoretical framework to understand blockchain technology and its developing role in payment systems. The strategy of China as the fastest growing economy should provide vital important insights for countries all over the world.The main content of this book is based on the three major economic theories of 'the ternary paradox theory', 'the free currency theory' and 'the transaction cost theory'. Taking the Ripple cross-border payment system as an example, it compares the differences between the Ripple mode and the traditional cross-border payment SWIFT mode around the three major economic theories. It also analyses the effect, mechanism and constraints of blockchain applied to cross-border payments from the three dimensions of payment efficiency, payment cost and payment risk, and puts forward policy suggestions for the development of blockchain cross-border payments in China.
Dr Liang-Xin Li graduated from the University of Science and Technology of China with a bachelor's degree, the University of the Chinese Academy of Sciences with a master's degree, and the University of Illinois at Urbana-Champaign, USA, with a doctor's degree. He is now an associate professor of economics at Chongqing College of Humanities, Science & Technology, China. Currently, he is an editorial board member of the British Journal of Finance and the Asian Economic and Financial Review, and is a reviewer of American mathematical reviews. He has published five international books and one Chinese book with renowned publishers, focusing on research ranging from economic growth strategy to economic crisis handling, business cycle dynamics, country risk quantitative modelling, and financial engineering. He was the invited keynote speaker at the India International Economic Conference in 2010 due to his extraordinary contribution to the field of world economic growth.
