Application of Blockchain Technology Based on Privacy Data Protection in RMB Internationalization Path

Abstract

With the integration of industrial Internet of Things technology and traditional industries, industrial Internet of Things has profoundly changed the production mode, organization mode, and business model of traditional industries. While people are enjoying the convenience brought by the Internet, their concerns about personal privacy are gradually increasing. Maintaining the value stability of RMB payment means and the security and efficiency of RMB settlement system are the key measures to promote the internationalization of RMB. Aiming at the problem of data insecurity and untrustworthiness in traditional information systems, this paper proposes a data protection technology for information systems based on blockchain. In the hierarchical authority information system, multichain structure is adopted to divide the authority of nodes in each layer, so that only the nodes with corresponding authority can access and operate data. Private digital currency, which is based on blockchain technology and represented by payment token and stable currency, helps to improve the defects of the agent banking model but increases additional market risks and trust risks. Blockchain technology adopts special networking technology and consensus mechanism. Therefore, in blockchain privacy protection, the focus of blockchain privacy protection is identity information and transaction information.