Shang Hai Zheng Quan Bao·2025-06-16 18:28Core Insights - The bank confirmation blockchain service platform has successfully processed over 1.075 million confirmations, with an average processing time of just 1 day and 15 hours [1][4] - The platform has officially onboarded 864 institutions, including 124 banking financial institutions and 740 accounting firms, achieving a large-scale application scenario [1][4] - Digitalization has significantly improved the efficiency of bank confirmation processes, reducing the time from 1-2 weeks to as little as a few minutes, with efficiency gains exceeding 80% [1][3] Expansion of Scale - The bank confirmation process is crucial for auditors to identify errors and fraud in financial statements, with the digital platform addressing previous manual processing inefficiencies [3] - The platform's blockchain technology ensures traceability and reduces the risk of document forgery, enhancing the integrity of the confirmation process [3][4] - The integration of digital confirmation services is becoming a consensus among financial institutions, with ongoing efforts to break down data silos and expand the application range [5][6] Addressing Challenges - Despite progress, challenges remain in system compatibility and data integration, particularly for small and medium-sized enterprises [6][7] - The government has issued guidelines to improve the digitalization of bank confirmations, focusing on standardization and data governance [6][8] - Financial institutions are actively working to streamline data management and enhance the quality of confirmation data through collaborative mechanisms [7] Promoting Application - The ecosystem for digital confirmations is expanding, with various financial institutions, including securities and asset evaluation companies, seeking to join the platform [8] - Financial institutions are exploring innovative services and fee reduction policies to encourage the use of digital confirmation services [8][9] - The future of digital bank confirmations is expected to enhance audit quality and regulatory effectiveness, with ongoing efforts to overcome existing bottlenecks [9]