id	sid	tid	token	lemma	pos
fbem-22391	1	1	frontiers	frontier	NOUN
fbem-22391	1	2	in	in	ADP
fbem-22391	1	3	business	business	NOUN
fbem-22391	1	4	,	,	PUNCT
fbem-22391	1	5	economics	economic	NOUN
fbem-22391	1	6	and	and	CCONJ
fbem-22391	1	7	management	management	NOUN
fbem-22391	1	8	issn	issn	PROPN
fbem-22391	1	9	:	:	PUNCT
fbem-22391	1	10	2766	2766	NUM
fbem-22391	1	11	-	-	PUNCT
fbem-22391	1	12	824x	824x	NUM
fbem-22391	1	13	|	|	ADJ
fbem-22391	1	14	vol	vol	NOUN
fbem-22391	1	15	.	.	PROPN
fbem-22391	1	16	15	15	NUM
fbem-22391	1	17	,	,	PUNCT
fbem-22391	1	18	no	no	INTJ
fbem-22391	1	19	.	.	NOUN
fbem-22391	1	20	2	2	NUM
fbem-22391	1	21	,	,	PUNCT
fbem-22391	1	22	2024	2024	NUM
fbem-22391	1	23	392	392	NUM
fbem-22391	1	24	research	research	NOUN
fbem-22391	1	25	on	on	ADP
fbem-22391	1	26	the	the	DET
fbem-22391	1	27	application	application	NOUN
fbem-22391	1	28	of	of	ADP
fbem-22391	1	29	blockchain	blockchain	PROPN
fbem-22391	1	30	technology	technology	PROPN
fbem-22391	1	31	and	and	CCONJ
fbem-22391	1	32	smart	smart	ADJ
fbem-22391	1	33	contracts	contract	NOUN
fbem-22391	1	34	in	in	ADP
fbem-22391	1	35	the	the	DET
fbem-22391	1	36	financial	financial	ADJ
fbem-22391	1	37	industry	industry	NOUN
fbem-22391	1	38	xiangzhen	xiangzhen	PROPN
fbem-22391	1	39	wang	wang	PROPN
fbem-22391	1	40	qingdao	qingdao	PROPN
fbem-22391	1	41	no.2	no.2	PROPN
fbem-22391	1	42	middle	middle	PROPN
fbem-22391	1	43	school	school	PROPN
fbem-22391	1	44	,	,	PUNCT
fbem-22391	1	45	qingdao	qingdao	PROPN
fbem-22391	1	46	,	,	PUNCT
fbem-22391	1	47	china	china	PROPN
fbem-22391	1	48	819315998@qq.com	819315998@qq.com	NUM
fbem-22391	1	49	abstract	abstract	NOUN
fbem-22391	1	50	:	:	PUNCT
fbem-22391	1	51	this	this	DET
fbem-22391	1	52	article	article	NOUN
fbem-22391	1	53	deeply	deeply	ADV
fbem-22391	1	54	explores	explore	VERB
fbem-22391	1	55	the	the	DET
fbem-22391	1	56	applications	application	NOUN
fbem-22391	1	57	and	and	CCONJ
fbem-22391	1	58	impacts	impact	NOUN
fbem-22391	1	59	of	of	ADP
fbem-22391	1	60	blockchain	blockchain	PROPN
fbem-22391	1	61	technology	technology	NOUN
fbem-22391	1	62	and	and	CCONJ
fbem-22391	1	63	smart	smart	ADJ
fbem-22391	1	64	contracts	contract	NOUN
fbem-22391	1	65	in	in	ADP
fbem-22391	1	66	the	the	DET
fbem-22391	1	67	financial	financial	ADJ
fbem-22391	1	68	industry	industry	NOUN
fbem-22391	1	69	.	.	PUNCT
fbem-22391	2	1	first	first	ADV
fbem-22391	2	2	,	,	PUNCT
fbem-22391	2	3	it	it	PRON
fbem-22391	2	4	outlines	outline	VERB
fbem-22391	2	5	the	the	DET
fbem-22391	2	6	basic	basic	ADJ
fbem-22391	2	7	principles	principle	NOUN
fbem-22391	2	8	and	and	CCONJ
fbem-22391	2	9	characteristics	characteristic	NOUN
fbem-22391	2	10	of	of	ADP
fbem-22391	2	11	blockchain	blockchain	PROPN
fbem-22391	2	12	technology	technology	PROPN
fbem-22391	2	13	and	and	CCONJ
fbem-22391	2	14	smart	smart	ADJ
fbem-22391	2	15	contracts	contract	NOUN
fbem-22391	2	16	,	,	PUNCT
fbem-22391	2	17	and	and	CCONJ
fbem-22391	2	18	then	then	ADV
fbem-22391	2	19	analyzes	analyze	VERB
fbem-22391	2	20	their	their	PRON
fbem-22391	2	21	application	application	NOUN
fbem-22391	2	22	examples	example	NOUN
fbem-22391	2	23	in	in	ADP
fbem-22391	2	24	various	various	ADJ
fbem-22391	2	25	financial	financial	ADJ
fbem-22391	2	26	fields	field	NOUN
fbem-22391	2	27	such	such	ADJ
fbem-22391	2	28	as	as	ADP
fbem-22391	2	29	cross	cross	ADJ
fbem-22391	2	30	-	-	ADJ
fbem-22391	2	31	border	border	ADJ
fbem-22391	2	32	payments	payment	NOUN
fbem-22391	2	33	,	,	PUNCT
fbem-22391	2	34	supply	supply	NOUN
fbem-22391	2	35	chain	chain	NOUN
fbem-22391	2	36	finance	finance	NOUN
fbem-22391	2	37	,	,	PUNCT
fbem-22391	2	38	equity	equity	NOUN
fbem-22391	2	39	financing	financing	NOUN
fbem-22391	2	40	and	and	CCONJ
fbem-22391	2	41	securities	security	NOUN
fbem-22391	2	42	issuance	issuance	NOUN
fbem-22391	2	43	,	,	PUNCT
fbem-22391	2	44	and	and	CCONJ
fbem-22391	2	45	the	the	DET
fbem-22391	2	46	insurance	insurance	NOUN
fbem-22391	2	47	industry	industry	NOUN
fbem-22391	2	48	.	.	PUNCT
fbem-22391	3	1	the	the	DET
fbem-22391	3	2	study	study	NOUN
fbem-22391	3	3	found	find	VERB
fbem-22391	3	4	that	that	SCONJ
fbem-22391	3	5	blockchain	blockchain	PROPN
fbem-22391	3	6	technology	technology	PROPN
fbem-22391	3	7	and	and	CCONJ
fbem-22391	3	8	smart	smart	ADJ
fbem-22391	3	9	contracts	contract	NOUN
fbem-22391	3	10	bring	bring	VERB
fbem-22391	3	11	significant	significant	ADJ
fbem-22391	3	12	changes	change	NOUN
fbem-22391	3	13	and	and	CCONJ
fbem-22391	3	14	opportunities	opportunity	NOUN
fbem-22391	3	15	to	to	ADP
fbem-22391	3	16	the	the	DET
fbem-22391	3	17	financial	financial	ADJ
fbem-22391	3	18	industry	industry	NOUN
fbem-22391	3	19	by	by	ADP
fbem-22391	3	20	improving	improve	VERB
fbem-22391	3	21	transparency	transparency	NOUN
fbem-22391	3	22	,	,	PUNCT
fbem-22391	3	23	reducing	reduce	VERB
fbem-22391	3	24	transaction	transaction	NOUN
fbem-22391	3	25	costs	cost	NOUN
fbem-22391	3	26	,	,	PUNCT
fbem-22391	3	27	and	and	CCONJ
fbem-22391	3	28	enhancing	enhance	VERB
fbem-22391	3	29	security	security	NOUN
fbem-22391	3	30	.	.	PUNCT
fbem-22391	4	1	however	however	ADV
fbem-22391	4	2	,	,	PUNCT
fbem-22391	4	3	the	the	DET
fbem-22391	4	4	application	application	NOUN
fbem-22391	4	5	of	of	ADP
fbem-22391	4	6	these	these	DET
fbem-22391	4	7	technologies	technology	NOUN
fbem-22391	4	8	also	also	ADV
fbem-22391	4	9	faces	face	VERB
fbem-22391	4	10	challenges	challenge	NOUN
fbem-22391	4	11	such	such	ADJ
fbem-22391	4	12	as	as	ADP
fbem-22391	4	13	technological	technological	ADJ
fbem-22391	4	14	maturity	maturity	NOUN
fbem-22391	4	15	,	,	PUNCT
fbem-22391	4	16	legal	legal	ADJ
fbem-22391	4	17	and	and	CCONJ
fbem-22391	4	18	regulatory	regulatory	ADJ
fbem-22391	4	19	perfection	perfection	NOUN
fbem-22391	4	20	,	,	PUNCT
fbem-22391	4	21	and	and	CCONJ
fbem-22391	4	22	data	datum	NOUN
fbem-22391	4	23	privacy	privacy	NOUN
fbem-22391	4	24	protection	protection	NOUN
fbem-22391	4	25	.	.	PUNCT
fbem-22391	5	1	this	this	DET
fbem-22391	5	2	article	article	NOUN
fbem-22391	5	3	aims	aim	VERB
fbem-22391	5	4	to	to	PART
fbem-22391	5	5	provide	provide	VERB
fbem-22391	5	6	valuable	valuable	ADJ
fbem-22391	5	7	references	reference	NOUN
fbem-22391	5	8	for	for	ADP
fbem-22391	5	9	practitioners	practitioner	NOUN
fbem-22391	5	10	,	,	PUNCT
fbem-22391	5	11	researchers	researcher	NOUN
fbem-22391	5	12	,	,	PUNCT
fbem-22391	5	13	and	and	CCONJ
fbem-22391	5	14	policy	policy	NOUN
fbem-22391	5	15	makers	maker	NOUN
fbem-22391	5	16	in	in	ADP
fbem-22391	5	17	the	the	DET
fbem-22391	5	18	financial	financial	ADJ
fbem-22391	5	19	industry	industry	NOUN
fbem-22391	5	20	to	to	PART
fbem-22391	5	21	promote	promote	VERB
fbem-22391	5	22	the	the	DET
fbem-22391	5	23	widespread	widespread	ADJ
fbem-22391	5	24	application	application	NOUN
fbem-22391	5	25	and	and	CCONJ
fbem-22391	5	26	healthy	healthy	ADJ
fbem-22391	5	27	development	development	NOUN
fbem-22391	5	28	of	of	ADP
fbem-22391	5	29	blockchain	blockchain	PROPN
fbem-22391	5	30	technology	technology	PROPN
fbem-22391	5	31	and	and	CCONJ
fbem-22391	5	32	smart	smart	ADJ
fbem-22391	5	33	contracts	contract	NOUN
fbem-22391	5	34	in	in	ADP
fbem-22391	5	35	the	the	DET
fbem-22391	5	36	financial	financial	ADJ
fbem-22391	5	37	industry	industry	NOUN
fbem-22391	5	38	.	.	PUNCT
fbem-22391	6	1	keywords	keyword	NOUN
fbem-22391	6	2	:	:	PUNCT
fbem-22391	6	3	blockchain	blockchain	PROPN
fbem-22391	6	4	technology	technology	PROPN
fbem-22391	6	5	,	,	PUNCT
fbem-22391	6	6	smart	smart	ADJ
fbem-22391	6	7	contract	contract	NOUN
fbem-22391	6	8	,	,	PUNCT
fbem-22391	6	9	financial	financial	ADJ
fbem-22391	6	10	industry	industry	NOUN
fbem-22391	6	11	,	,	PUNCT
fbem-22391	6	12	cross	cross	ADJ
fbem-22391	6	13	-	-	ADJ
fbem-22391	6	14	border	border	ADJ
fbem-22391	6	15	payment	payment	NOUN
fbem-22391	6	16	,	,	PUNCT
fbem-22391	6	17	supply	supply	NOUN
fbem-22391	6	18	chain	chain	NOUN
fbem-22391	6	19	finance	finance	NOUN
fbem-22391	6	20	,	,	PUNCT
fbem-22391	6	21	equity	equity	NOUN
fbem-22391	6	22	financing	financing	NOUN
fbem-22391	6	23	,	,	PUNCT
fbem-22391	6	24	insurance	insurance	NOUN
fbem-22391	6	25	industry	industry	NOUN
fbem-22391	6	26	,	,	PUNCT
fbem-22391	6	27	application	application	NOUN
fbem-22391	6	28	and	and	CCONJ
fbem-22391	6	29	challenges	challenge	NOUN
fbem-22391	6	30	.	.	PUNCT
fbem-22391	7	1	1	1	X
fbem-22391	7	2	.	.	X
fbem-22391	7	3	introduction	introduction	NOUN
fbem-22391	7	4	in	in	ADP
fbem-22391	7	5	recent	recent	ADJ
fbem-22391	7	6	years	year	NOUN
fbem-22391	7	7	,	,	PUNCT
fbem-22391	7	8	the	the	DET
fbem-22391	7	9	widespread	widespread	ADJ
fbem-22391	7	10	attention	attention	NOUN
fbem-22391	7	11	and	and	CCONJ
fbem-22391	7	12	development	development	NOUN
fbem-22391	7	13	of	of	ADP
fbem-22391	7	14	blockchain	blockchain	PROPN
fbem-22391	7	15	technology	technology	PROPN
fbem-22391	7	16	and	and	CCONJ
fbem-22391	7	17	smart	smart	ADJ
fbem-22391	7	18	contracts	contract	NOUN
fbem-22391	7	19	in	in	ADP
fbem-22391	7	20	the	the	DET
fbem-22391	7	21	financial	financial	ADJ
fbem-22391	7	22	industry	industry	NOUN
fbem-22391	7	23	have	have	AUX
fbem-22391	7	24	been	be	AUX
fbem-22391	7	25	notable	notable	ADJ
fbem-22391	7	26	.	.	PUNCT
fbem-22391	8	1	the	the	DET
fbem-22391	8	2	origins	origin	NOUN
fbem-22391	8	3	of	of	ADP
fbem-22391	8	4	blockchain	blockchain	PROPN
fbem-22391	8	5	technology	technology	PROPN
fbem-22391	8	6	can	can	AUX
fbem-22391	8	7	be	be	AUX
fbem-22391	8	8	traced	trace	VERB
fbem-22391	8	9	back	back	ADV
fbem-22391	8	10	to	to	ADP
fbem-22391	8	11	the	the	DET
fbem-22391	8	12	publication	publication	NOUN
fbem-22391	8	13	of	of	ADP
fbem-22391	8	14	the	the	DET
fbem-22391	8	15	bitcoin	bitcoin	ADJ
fbem-22391	8	16	whitepaper	whitepaper	NOUN
fbem-22391	8	17	by	by	ADP
fbem-22391	8	18	satoshi	satoshi	PROPN
fbem-22391	8	19	nakamoto	nakamoto	PROPN
fbem-22391	8	20	in	in	ADP
fbem-22391	8	21	2008	2008	NUM
fbem-22391	8	22	,	,	PUNCT
fbem-22391	8	23	where	where	SCONJ
fbem-22391	8	24	the	the	DET
fbem-22391	8	25	technology	technology	NOUN
fbem-22391	8	26	was	be	AUX
fbem-22391	8	27	initially	initially	ADV
fbem-22391	8	28	used	use	VERB
fbem-22391	8	29	to	to	PART
fbem-22391	8	30	record	record	VERB
fbem-22391	8	31	the	the	DET
fbem-22391	8	32	underlying	underlie	VERB
fbem-22391	8	33	data	data	NOUN
fbem-22391	8	34	structure	structure	NOUN
fbem-22391	8	35	of	of	ADP
fbem-22391	8	36	bitcoin	bitcoin	ADJ
fbem-22391	8	37	transaction	transaction	NOUN
fbem-22391	8	38	records	record	NOUN
fbem-22391	8	39	.	.	PUNCT
fbem-22391	9	1	with	with	ADP
fbem-22391	9	2	the	the	DET
fbem-22391	9	3	evolution	evolution	NOUN
fbem-22391	9	4	of	of	ADP
fbem-22391	9	5	the	the	DET
fbem-22391	9	6	bitcoin	bitcoin	ADJ
fbem-22391	9	7	system	system	NOUN
fbem-22391	9	8	,	,	PUNCT
fbem-22391	9	9	blockchain	blockchain	PROPN
fbem-22391	9	10	technology	technology	PROPN
fbem-22391	9	11	has	have	AUX
fbem-22391	9	12	gradually	gradually	ADV
fbem-22391	9	13	demonstrated	demonstrate	VERB
fbem-22391	9	14	broad	broad	ADJ
fbem-22391	9	15	application	application	NOUN
fbem-22391	9	16	prospects	prospect	NOUN
fbem-22391	9	17	in	in	ADP
fbem-22391	9	18	finance	finance	NOUN
fbem-22391	9	19	,	,	PUNCT
fbem-22391	9	20	credit	credit	NOUN
fbem-22391	9	21	reporting	reporting	NOUN
fbem-22391	9	22	,	,	PUNCT
fbem-22391	9	23	auditing	auditing	NOUN
fbem-22391	9	24	,	,	PUNCT
fbem-22391	9	25	and	and	CCONJ
fbem-22391	9	26	various	various	ADJ
fbem-22391	9	27	other	other	ADJ
fbem-22391	9	28	fields	field	NOUN
fbem-22391	9	29	due	due	ADP
fbem-22391	9	30	to	to	ADP
fbem-22391	9	31	its	its	PRON
fbem-22391	9	32	decentralized	decentralize	VERB
fbem-22391	9	33	,	,	PUNCT
fbem-22391	9	34	tamper	tamper	ADV
fbem-22391	9	35	-	-	PUNCT
fbem-22391	9	36	resistant	resistant	ADJ
fbem-22391	9	37	,	,	PUNCT
fbem-22391	9	38	and	and	CCONJ
fbem-22391	9	39	transparent	transparent	ADJ
fbem-22391	9	40	nature	nature	NOUN
fbem-22391	10	1	[	[	X
fbem-22391	10	2	1	1	NUM
fbem-22391	10	3	]	]	PUNCT
fbem-22391	10	4	.	.	PUNCT
fbem-22391	10	5	smart	smart	ADJ
fbem-22391	10	6	contracts	contract	NOUN
fbem-22391	10	7	,	,	PUNCT
fbem-22391	10	8	as	as	ADP
fbem-22391	10	9	a	a	DET
fbem-22391	10	10	key	key	ADJ
fbem-22391	10	11	application	application	NOUN
fbem-22391	10	12	of	of	ADP
fbem-22391	10	13	blockchain	blockchain	PROPN
fbem-22391	10	14	technology	technology	PROPN
fbem-22391	10	15	,	,	PUNCT
fbem-22391	10	16	automatically	automatically	ADV
fbem-22391	10	17	execute	execute	VERB
fbem-22391	10	18	contracts	contract	NOUN
fbem-22391	10	19	based	base	VERB
fbem-22391	10	20	on	on	ADP
fbem-22391	10	21	predefined	predefine	VERB
fbem-22391	10	22	terms	term	NOUN
fbem-22391	10	23	and	and	CCONJ
fbem-22391	10	24	conditions	condition	NOUN
fbem-22391	10	25	,	,	PUNCT
fbem-22391	10	26	eliminating	eliminate	VERB
fbem-22391	10	27	the	the	DET
fbem-22391	10	28	need	need	NOUN
fbem-22391	10	29	for	for	ADP
fbem-22391	10	30	third	third	ADJ
fbem-22391	10	31	-	-	PUNCT
fbem-22391	10	32	party	party	NOUN
fbem-22391	10	33	intermediaries	intermediary	NOUN
fbem-22391	10	34	and	and	CCONJ
fbem-22391	10	35	thereby	thereby	ADV
fbem-22391	10	36	enhancing	enhance	VERB
fbem-22391	10	37	transaction	transaction	NOUN
fbem-22391	10	38	efficiency	efficiency	NOUN
fbem-22391	10	39	and	and	CCONJ
fbem-22391	10	40	fairness	fairness	NOUN
fbem-22391	10	41	.	.	PUNCT
fbem-22391	11	1	the	the	DET
fbem-22391	11	2	widespread	widespread	ADJ
fbem-22391	11	3	application	application	NOUN
fbem-22391	11	4	of	of	ADP
fbem-22391	11	5	smart	smart	ADJ
fbem-22391	11	6	contracts	contract	NOUN
fbem-22391	11	7	in	in	ADP
fbem-22391	11	8	the	the	DET
fbem-22391	11	9	financial	financial	ADJ
fbem-22391	11	10	industry	industry	NOUN
fbem-22391	11	11	encompasses	encompass	VERB
fbem-22391	11	12	areas	area	NOUN
fbem-22391	11	13	such	such	ADJ
fbem-22391	11	14	as	as	ADP
fbem-22391	11	15	cross	cross	ADJ
fbem-22391	11	16	-	-	ADJ
fbem-22391	11	17	border	border	ADJ
fbem-22391	11	18	payments	payment	NOUN
fbem-22391	11	19	,	,	PUNCT
fbem-22391	11	20	supply	supply	NOUN
fbem-22391	11	21	chain	chain	NOUN
fbem-22391	11	22	finance	finance	NOUN
fbem-22391	11	23	,	,	PUNCT
fbem-22391	11	24	and	and	CCONJ
fbem-22391	11	25	equity	equity	NOUN
fbem-22391	11	26	financing	financing	NOUN
fbem-22391	11	27	[	[	X
fbem-22391	11	28	2	2	NUM
fbem-22391	11	29	]	]	PUNCT
fbem-22391	11	30	.	.	PUNCT
fbem-22391	12	1	the	the	DET
fbem-22391	12	2	combination	combination	NOUN
fbem-22391	12	3	of	of	ADP
fbem-22391	12	4	blockchain	blockchain	PROPN
fbem-22391	12	5	technology	technology	PROPN
fbem-22391	12	6	and	and	CCONJ
fbem-22391	12	7	smart	smart	ADJ
fbem-22391	12	8	contracts	contract	NOUN
fbem-22391	12	9	not	not	PART
fbem-22391	12	10	only	only	ADV
fbem-22391	12	11	enhances	enhance	VERB
fbem-22391	12	12	the	the	DET
fbem-22391	12	13	transparency	transparency	NOUN
fbem-22391	12	14	and	and	CCONJ
fbem-22391	12	15	security	security	NOUN
fbem-22391	12	16	of	of	ADP
fbem-22391	12	17	financial	financial	ADJ
fbem-22391	12	18	transactions	transaction	NOUN
fbem-22391	12	19	but	but	CCONJ
fbem-22391	12	20	also	also	ADV
fbem-22391	12	21	effectively	effectively	ADV
fbem-22391	12	22	reduces	reduce	VERB
fbem-22391	12	23	transaction	transaction	NOUN
fbem-22391	12	24	costs	cost	NOUN
fbem-22391	12	25	and	and	CCONJ
fbem-22391	12	26	operational	operational	ADJ
fbem-22391	12	27	risks	risk	NOUN
fbem-22391	12	28	.	.	PUNCT
fbem-22391	13	1	research	research	NOUN
fbem-22391	13	2	indicates	indicate	VERB
fbem-22391	13	3	that	that	SCONJ
fbem-22391	13	4	by	by	ADP
fbem-22391	13	5	establishing	establish	VERB
fbem-22391	13	6	decentralized	decentralize	VERB
fbem-22391	13	7	financial	financial	ADJ
fbem-22391	13	8	services	service	NOUN
fbem-22391	13	9	platforms	platform	NOUN
fbem-22391	13	10	,	,	PUNCT
fbem-22391	13	11	more	more	ADV
fbem-22391	13	12	convenient	convenient	ADJ
fbem-22391	13	13	and	and	CCONJ
fbem-22391	13	14	cost	cost	NOUN
fbem-22391	13	15	-	-	PUNCT
fbem-22391	13	16	effective	effective	ADJ
fbem-22391	13	17	financial	financial	ADJ
fbem-22391	13	18	services	service	NOUN
fbem-22391	13	19	can	can	AUX
fbem-22391	13	20	be	be	AUX
fbem-22391	13	21	provided	provide	VERB
fbem-22391	13	22	to	to	ADP
fbem-22391	13	23	small	small	ADJ
fbem-22391	13	24	and	and	CCONJ
fbem-22391	13	25	micro	micro	NOUN
fbem-22391	13	26	-	-	NOUN
fbem-22391	13	27	enterprises	enterprise	NOUN
fbem-22391	13	28	and	and	CCONJ
fbem-22391	13	29	individuals	individual	NOUN
fbem-22391	13	30	,	,	PUNCT
fbem-22391	13	31	thereby	thereby	ADV
fbem-22391	13	32	driving	drive	VERB
fbem-22391	13	33	innovation	innovation	NOUN
fbem-22391	13	34	and	and	CCONJ
fbem-22391	13	35	high	high	ADJ
fbem-22391	13	36	-	-	PUNCT
fbem-22391	13	37	quality	quality	NOUN
fbem-22391	13	38	development	development	NOUN
fbem-22391	13	39	in	in	ADP
fbem-22391	13	40	the	the	DET
fbem-22391	13	41	financial	financial	ADJ
fbem-22391	13	42	industry	industry	NOUN
fbem-22391	14	1	[	[	X
fbem-22391	14	2	3	3	NUM
fbem-22391	14	3	]	]	PUNCT
fbem-22391	14	4	.	.	PUNCT
fbem-22391	15	1	the	the	DET
fbem-22391	15	2	application	application	NOUN
fbem-22391	15	3	of	of	ADP
fbem-22391	15	4	blockchain	blockchain	PROPN
fbem-22391	15	5	technology	technology	PROPN
fbem-22391	15	6	and	and	CCONJ
fbem-22391	15	7	smart	smart	ADJ
fbem-22391	15	8	contracts	contract	NOUN
fbem-22391	15	9	in	in	ADP
fbem-22391	15	10	the	the	DET
fbem-22391	15	11	financial	financial	ADJ
fbem-22391	15	12	industry	industry	NOUN
fbem-22391	15	13	has	have	AUX
fbem-22391	15	14	brought	bring	VERB
fbem-22391	15	15	about	about	ADP
fbem-22391	15	16	profound	profound	ADJ
fbem-22391	15	17	technological	technological	ADJ
fbem-22391	15	18	changes	change	NOUN
fbem-22391	15	19	,	,	PUNCT
fbem-22391	15	20	providing	provide	VERB
fbem-22391	15	21	new	new	ADJ
fbem-22391	15	22	impetus	impetus	NOUN
fbem-22391	15	23	and	and	CCONJ
fbem-22391	15	24	safeguards	safeguard	NOUN
fbem-22391	15	25	for	for	ADP
fbem-22391	15	26	the	the	DET
fbem-22391	15	27	efficient	efficient	ADJ
fbem-22391	15	28	operation	operation	NOUN
fbem-22391	15	29	and	and	CCONJ
fbem-22391	15	30	sustainable	sustainable	ADJ
fbem-22391	15	31	development	development	NOUN
fbem-22391	15	32	of	of	ADP
fbem-22391	15	33	financial	financial	ADJ
fbem-22391	15	34	markets	market	NOUN
fbem-22391	15	35	.	.	PUNCT
fbem-22391	16	1	2	2	X
fbem-22391	16	2	.	.	X
fbem-22391	16	3	overview	overview	NOUN
fbem-22391	16	4	of	of	ADP
fbem-22391	16	5	blockchain	blockchain	PROPN
fbem-22391	16	6	technology	technology	PROPN
fbem-22391	16	7	and	and	CCONJ
fbem-22391	16	8	smart	smart	ADJ
fbem-22391	16	9	contracts	contract	NOUN
fbem-22391	16	10	2.1	2.1	NUM
fbem-22391	16	11	.	.	PUNCT
fbem-22391	16	12	basic	basic	ADJ
fbem-22391	16	13	theory	theory	NOUN
fbem-22391	16	14	of	of	ADP
fbem-22391	16	15	blockchain	blockchain	PROPN
fbem-22391	16	16	technology	technology	PROPN
fbem-22391	16	17	blockchain	blockchain	PROPN
fbem-22391	16	18	technology	technology	PROPN
fbem-22391	16	19	is	be	AUX
fbem-22391	16	20	a	a	DET
fbem-22391	16	21	novel	novel	ADJ
fbem-22391	16	22	distributed	distribute	VERB
fbem-22391	16	23	ledger	ledger	NOUN
fbem-22391	16	24	technology	technology	NOUN
fbem-22391	16	25	characterized	characterize	VERB
fbem-22391	16	26	by	by	ADP
fbem-22391	16	27	six	six	NUM
fbem-22391	16	28	key	key	ADJ
fbem-22391	16	29	features	feature	NOUN
fbem-22391	16	30	:	:	PUNCT
fbem-22391	16	31	decentralization	decentralization	NOUN
fbem-22391	16	32	,	,	PUNCT
fbem-22391	16	33	global	global	ADJ
fbem-22391	16	34	circulation	circulation	NOUN
fbem-22391	16	35	,	,	PUNCT
fbem-22391	16	36	anonymity	anonymity	NOUN
fbem-22391	16	37	,	,	PUNCT
fbem-22391	16	38	public	public	ADJ
fbem-22391	16	39	transparency	transparency	NOUN
fbem-22391	16	40	,	,	PUNCT
fbem-22391	16	41	data	datum	NOUN
fbem-22391	16	42	immutability	immutability	NOUN
fbem-22391	16	43	,	,	PUNCT
fbem-22391	16	44	and	and	CCONJ
fbem-22391	16	45	autonomy	autonomy	NOUN
fbem-22391	16	46	.	.	PUNCT
fbem-22391	17	1	this	this	DET
fbem-22391	17	2	technology	technology	NOUN
fbem-22391	17	3	ensures	ensure	VERB
fbem-22391	17	4	the	the	DET
fbem-22391	17	5	orderly	orderly	ADJ
fbem-22391	17	6	cooperation	cooperation	NOUN
fbem-22391	17	7	of	of	ADP
fbem-22391	17	8	data	datum	NOUN
fbem-22391	17	9	across	across	ADP
fbem-22391	17	10	various	various	ADJ
fbem-22391	17	11	network	network	NOUN
fbem-22391	17	12	nodes	node	NOUN
fbem-22391	17	13	to	to	PART
fbem-22391	17	14	support	support	VERB
fbem-22391	17	15	its	its	PRON
fbem-22391	17	16	stable	stable	ADJ
fbem-22391	17	17	growth	growth	NOUN
fbem-22391	17	18	,	,	PUNCT
fbem-22391	17	19	forming	form	VERB
fbem-22391	17	20	a	a	DET
fbem-22391	17	21	ledger	ledger	NOUN
fbem-22391	17	22	consisting	consist	VERB
fbem-22391	17	23	of	of	ADP
fbem-22391	17	24	a	a	DET
fbem-22391	17	25	chain	chain	NOUN
fbem-22391	17	26	of	of	ADP
fbem-22391	17	27	blocks	block	NOUN
fbem-22391	17	28	.	.	PUNCT
fbem-22391	18	1	these	these	DET
fbem-22391	18	2	blocks	block	NOUN
fbem-22391	18	3	are	be	AUX
fbem-22391	18	4	composed	compose	VERB
fbem-22391	18	5	of	of	ADP
fbem-22391	18	6	a	a	DET
fbem-22391	18	7	timestamp	timestamp	NOUN
fbem-22391	18	8	table	table	NOUN
fbem-22391	18	9	and	and	CCONJ
fbem-22391	18	10	sequentially	sequentially	ADV
fbem-22391	18	11	recorded	record	VERB
fbem-22391	18	12	data	data	NOUN
fbem-22391	18	13	modules	module	NOUN
fbem-22391	18	14	,	,	PUNCT
fbem-22391	18	15	guided	guide	VERB
fbem-22391	18	16	by	by	ADP
fbem-22391	18	17	fundamental	fundamental	ADJ
fbem-22391	18	18	cryptographic	cryptographic	ADJ
fbem-22391	18	19	techniques	technique	NOUN
fbem-22391	18	20	and	and	CCONJ
fbem-22391	18	21	machine	machine	NOUN
fbem-22391	18	22	theory	theory	NOUN
fbem-22391	18	23	.	.	PUNCT
fbem-22391	19	1	zhao	zhao	PROPN
fbem-22391	19	2	xiaohui	xiaohui	PROPN
fbem-22391	20	1	[	[	X
fbem-22391	20	2	4	4	X
fbem-22391	20	3	]	]	PUNCT
fbem-22391	20	4	believes	believe	VERB
fbem-22391	20	5	that	that	SCONJ
fbem-22391	20	6	as	as	SCONJ
fbem-22391	20	7	blockchain	blockchain	PROPN
fbem-22391	20	8	technology	technology	PROPN
fbem-22391	20	9	becomes	become	VERB
fbem-22391	20	10	increasingly	increasingly	ADV
fbem-22391	20	11	mature	mature	ADJ
fbem-22391	20	12	and	and	CCONJ
fbem-22391	20	13	refined	refine	VERB
fbem-22391	20	14	,	,	PUNCT
fbem-22391	20	15	it	it	PRON
fbem-22391	20	16	has	have	AUX
fbem-22391	20	17	even	even	ADV
fbem-22391	20	18	surpassed	surpass	VERB
fbem-22391	20	19	some	some	DET
fbem-22391	20	20	traditional	traditional	ADJ
fbem-22391	20	21	fingerprint	fingerprint	NOUN
fbem-22391	20	22	data	datum	NOUN
fbem-22391	20	23	block	block	NOUN
fbem-22391	20	24	encryption	encryption	NOUN
fbem-22391	20	25	storage	storage	NOUN
fbem-22391	20	26	applications	application	NOUN
fbem-22391	20	27	and	and	CCONJ
fbem-22391	20	28	has	have	AUX
fbem-22391	20	29	been	be	AUX
fbem-22391	20	30	applied	apply	VERB
fbem-22391	20	31	in	in	ADP
fbem-22391	20	32	industries	industry	NOUN
fbem-22391	20	33	such	such	ADJ
fbem-22391	20	34	as	as	ADP
fbem-22391	20	35	finance	finance	NOUN
fbem-22391	20	36	.	.	PUNCT
fbem-22391	21	1	2.2	2.2	NUM
fbem-22391	21	2	.	.	PUNCT
fbem-22391	21	3	definition	definition	NOUN
fbem-22391	21	4	and	and	CCONJ
fbem-22391	21	5	working	working	NOUN
fbem-22391	21	6	principle	principle	NOUN
fbem-22391	21	7	of	of	ADP
fbem-22391	21	8	smart	smart	ADJ
fbem-22391	21	9	contracts	contract	NOUN
fbem-22391	21	10	smart	smart	ADJ
fbem-22391	21	11	contracts	contract	NOUN
fbem-22391	21	12	are	be	AUX
fbem-22391	21	13	automated	automate	VERB
fbem-22391	21	14	contracts	contract	NOUN
fbem-22391	21	15	based	base	VERB
fbem-22391	21	16	on	on	ADP
fbem-22391	21	17	blockchain	blockchain	PROPN
fbem-22391	21	18	technology	technology	PROPN
fbem-22391	21	19	.	.	PUNCT
fbem-22391	22	1	they	they	PRON
fbem-22391	22	2	allow	allow	VERB
fbem-22391	22	3	transaction	transaction	NOUN
fbem-22391	22	4	parties	party	NOUN
fbem-22391	22	5	to	to	PART
fbem-22391	22	6	automatically	automatically	ADV
fbem-22391	22	7	execute	execute	VERB
fbem-22391	22	8	contracts	contract	NOUN
fbem-22391	22	9	without	without	ADP
fbem-22391	22	10	the	the	DET
fbem-22391	22	11	need	need	NOUN
fbem-22391	22	12	for	for	ADP
fbem-22391	22	13	thirdparty	thirdparty	NOUN
fbem-22391	22	14	intervention	intervention	NOUN
fbem-22391	22	15	through	through	ADP
fbem-22391	22	16	preset	preset	ADJ
fbem-22391	22	17	terms	term	NOUN
fbem-22391	22	18	and	and	CCONJ
fbem-22391	22	19	conditions	condition	NOUN
fbem-22391	22	20	.	.	PUNCT
fbem-22391	23	1	the	the	DET
fbem-22391	23	2	working	work	VERB
fbem-22391	23	3	principle	principle	NOUN
fbem-22391	23	4	of	of	ADP
fbem-22391	23	5	smart	smart	ADJ
fbem-22391	23	6	contracts	contract	NOUN
fbem-22391	23	7	mainly	mainly	ADV
fbem-22391	23	8	depends	depend	VERB
fbem-22391	23	9	on	on	ADP
fbem-22391	23	10	the	the	DET
fbem-22391	23	11	decentralized	decentralize	VERB
fbem-22391	23	12	,	,	PUNCT
fbem-22391	23	13	unalterable	unalterable	ADJ
fbem-22391	23	14	,	,	PUNCT
fbem-22391	23	15	and	and	CCONJ
fbem-22391	23	16	transparent	transparent	ADJ
fbem-22391	23	17	characteristics	characteristic	NOUN
fbem-22391	23	18	of	of	ADP
fbem-22391	23	19	the	the	DET
fbem-22391	23	20	blockchain	blockchain	PROPN
fbem-22391	23	21	.	.	PUNCT
fbem-22391	24	1	specifically	specifically	ADV
fbem-22391	24	2	,	,	PUNCT
fbem-22391	24	3	smart	smart	ADJ
fbem-22391	24	4	contracts	contract	NOUN
fbem-22391	24	5	are	be	AUX
fbem-22391	24	6	deployed	deploy	VERB
fbem-22391	24	7	on	on	ADP
fbem-22391	24	8	the	the	DET
fbem-22391	24	9	blockchain	blockchain	NOUN
fbem-22391	24	10	in	in	ADP
fbem-22391	24	11	the	the	DET
fbem-22391	24	12	form	form	NOUN
fbem-22391	24	13	of	of	ADP
fbem-22391	24	14	code	code	NOUN
fbem-22391	24	15	,	,	PUNCT
fbem-22391	24	16	containing	contain	VERB
fbem-22391	24	17	contract	contract	NOUN
fbem-22391	24	18	terms	term	NOUN
fbem-22391	24	19	,	,	PUNCT
fbem-22391	24	20	trigger	trigger	NOUN
fbem-22391	24	21	conditions	condition	NOUN
fbem-22391	24	22	,	,	PUNCT
fbem-22391	24	23	and	and	CCONJ
fbem-22391	24	24	execution	execution	NOUN
fbem-22391	24	25	logic	logic	NOUN
fbem-22391	24	26	.	.	PUNCT
fbem-22391	25	1	when	when	SCONJ
fbem-22391	25	2	the	the	DET
fbem-22391	25	3	trigger	trigger	NOUN
fbem-22391	25	4	conditions	condition	NOUN
fbem-22391	25	5	are	be	AUX
fbem-22391	25	6	met	meet	VERB
fbem-22391	25	7	,	,	PUNCT
fbem-22391	25	8	smart	smart	ADJ
fbem-22391	25	9	contracts	contract	NOUN
fbem-22391	25	10	will	will	AUX
fbem-22391	25	11	automatically	automatically	ADV
fbem-22391	25	12	execute	execute	VERB
fbem-22391	25	13	corresponding	corresponding	ADJ
fbem-22391	25	14	operations	operation	NOUN
fbem-22391	25	15	,	,	PUNCT
fbem-22391	25	16	such	such	ADJ
fbem-22391	25	17	as	as	ADP
fbem-22391	25	18	transfers	transfer	NOUN
fbem-22391	25	19	,	,	PUNCT
fbem-22391	25	20	data	datum	NOUN
fbem-22391	25	21	records	record	NOUN
fbem-22391	25	22	,	,	PUNCT
fbem-22391	25	23	etc	etc	X
fbem-22391	25	24	.	.	X
fbem-22391	26	1	this	this	DET
fbem-22391	26	2	automatic	automatic	ADJ
fbem-22391	26	3	execution	execution	NOUN
fbem-22391	26	4	feature	feature	NOUN
fbem-22391	26	5	eliminates	eliminate	VERB
fbem-22391	26	6	the	the	DET
fbem-22391	26	7	interference	interference	NOUN
fbem-22391	26	8	of	of	ADP
fbem-22391	26	9	human	human	ADJ
fbem-22391	26	10	factors	factor	NOUN
fbem-22391	26	11	,	,	PUNCT
fbem-22391	26	12	improving	improve	VERB
fbem-22391	26	13	the	the	DET
fbem-22391	26	14	efficiency	efficiency	NOUN
fbem-22391	26	15	and	and	CCONJ
fbem-22391	26	16	fairness	fairness	NOUN
fbem-22391	26	17	of	of	ADP
fbem-22391	26	18	transactions	transaction	NOUN
fbem-22391	26	19	.	.	PUNCT
fbem-22391	27	1	393	393	NUM
fbem-22391	27	2	smart	smart	ADJ
fbem-22391	27	3	contracts	contract	NOUN
fbem-22391	27	4	are	be	AUX
fbem-22391	27	5	widely	widely	ADV
fbem-22391	27	6	used	use	VERB
fbem-22391	27	7	in	in	ADP
fbem-22391	27	8	the	the	DET
fbem-22391	27	9	financial	financial	ADJ
fbem-22391	27	10	industry	industry	NOUN
fbem-22391	27	11	.	.	PUNCT
fbem-22391	28	1	they	they	PRON
fbem-22391	28	2	can	can	AUX
fbem-22391	28	3	be	be	AUX
fbem-22391	28	4	used	use	VERB
fbem-22391	28	5	in	in	ADP
fbem-22391	28	6	cross	cross	ADJ
fbem-22391	28	7	-	-	ADJ
fbem-22391	28	8	border	border	ADJ
fbem-22391	28	9	payments	payment	NOUN
fbem-22391	28	10	,	,	PUNCT
fbem-22391	28	11	supply	supply	NOUN
fbem-22391	28	12	chain	chain	NOUN
fbem-22391	28	13	finance	finance	NOUN
fbem-22391	28	14	,	,	PUNCT
fbem-22391	28	15	equity	equity	NOUN
fbem-22391	28	16	financing	financing	NOUN
fbem-22391	28	17	and	and	CCONJ
fbem-22391	28	18	securities	security	NOUN
fbem-22391	28	19	issuance	issuance	NOUN
fbem-22391	28	20	,	,	PUNCT
fbem-22391	28	21	the	the	DET
fbem-22391	28	22	insurance	insurance	NOUN
fbem-22391	28	23	industry	industry	NOUN
fbem-22391	28	24	,	,	PUNCT
fbem-22391	28	25	and	and	CCONJ
fbem-22391	28	26	many	many	ADJ
fbem-22391	28	27	other	other	ADJ
fbem-22391	28	28	fields	field	NOUN
fbem-22391	28	29	.	.	PUNCT
fbem-22391	29	1	for	for	ADP
fbem-22391	29	2	example	example	NOUN
fbem-22391	29	3	,	,	PUNCT
fbem-22391	29	4	in	in	ADP
fbem-22391	29	5	the	the	DET
fbem-22391	29	6	field	field	NOUN
fbem-22391	29	7	of	of	ADP
fbem-22391	29	8	cross	cross	ADJ
fbem-22391	29	9	-	-	ADJ
fbem-22391	29	10	border	border	ADJ
fbem-22391	29	11	payments	payment	NOUN
fbem-22391	29	12	,	,	PUNCT
fbem-22391	29	13	smart	smart	ADJ
fbem-22391	29	14	contracts	contract	NOUN
fbem-22391	29	15	can	can	AUX
fbem-22391	29	16	achieve	achieve	VERB
fbem-22391	29	17	automated	automate	VERB
fbem-22391	29	18	fund	fund	NOUN
fbem-22391	29	19	clearing	clearing	NOUN
fbem-22391	29	20	and	and	CCONJ
fbem-22391	29	21	settlement	settlement	NOUN
fbem-22391	29	22	,	,	PUNCT
fbem-22391	29	23	improving	improve	VERB
fbem-22391	29	24	payment	payment	NOUN
fbem-22391	29	25	efficiency	efficiency	NOUN
fbem-22391	29	26	and	and	CCONJ
fbem-22391	29	27	reducing	reduce	VERB
fbem-22391	29	28	costs	cost	NOUN
fbem-22391	29	29	;	;	PUNCT
fbem-22391	29	30	in	in	ADP
fbem-22391	29	31	the	the	DET
fbem-22391	29	32	field	field	NOUN
fbem-22391	29	33	of	of	ADP
fbem-22391	29	34	supply	supply	NOUN
fbem-22391	29	35	chain	chain	NOUN
fbem-22391	29	36	finance	finance	NOUN
fbem-22391	29	37	,	,	PUNCT
fbem-22391	29	38	smart	smart	ADJ
fbem-22391	29	39	contracts	contract	NOUN
fbem-22391	29	40	can	can	AUX
fbem-22391	29	41	help	help	VERB
fbem-22391	29	42	companies	company	NOUN
fbem-22391	29	43	achieve	achieve	VERB
fbem-22391	29	44	automated	automate	VERB
fbem-22391	29	45	financing	financing	NOUN
fbem-22391	29	46	and	and	CCONJ
fbem-22391	29	47	payment	payment	NOUN
fbem-22391	29	48	operations	operation	NOUN
fbem-22391	29	49	,	,	PUNCT
fbem-22391	29	50	improving	improve	VERB
fbem-22391	29	51	the	the	DET
fbem-22391	29	52	operation	operation	NOUN
fbem-22391	29	53	efficiency	efficiency	NOUN
fbem-22391	29	54	of	of	ADP
fbem-22391	29	55	the	the	DET
fbem-22391	29	56	entire	entire	ADJ
fbem-22391	29	57	supply	supply	NOUN
fbem-22391	29	58	chain	chain	NOUN
fbem-22391	29	59	.	.	PUNCT
fbem-22391	30	1	3	3	X
fbem-22391	30	2	.	.	X
fbem-22391	30	3	application	application	NOUN
fbem-22391	30	4	of	of	ADP
fbem-22391	30	5	blockchain	blockchain	PROPN
fbem-22391	30	6	technology	technology	PROPN
fbem-22391	30	7	and	and	CCONJ
fbem-22391	30	8	smart	smart	ADJ
fbem-22391	30	9	contracts	contract	NOUN
fbem-22391	30	10	in	in	ADP
fbem-22391	30	11	the	the	DET
fbem-22391	30	12	financial	financial	ADJ
fbem-22391	30	13	industry	industry	NOUN
fbem-22391	30	14	3.1	3.1	NUM
fbem-22391	30	15	.	.	PUNCT
fbem-22391	31	1	cross	cross	ADJ
fbem-22391	31	2	-	-	ADJ
fbem-22391	31	3	border	border	ADJ
fbem-22391	31	4	payments	payment	NOUN
fbem-22391	31	5	and	and	CCONJ
fbem-22391	31	6	settlements	settlement	NOUN
fbem-22391	31	7	with	with	ADP
fbem-22391	31	8	the	the	DET
fbem-22391	31	9	deepening	deepening	NOUN
fbem-22391	31	10	of	of	ADP
fbem-22391	31	11	globalization	globalization	NOUN
fbem-22391	31	12	,	,	PUNCT
fbem-22391	31	13	the	the	DET
fbem-22391	31	14	demand	demand	NOUN
fbem-22391	31	15	for	for	ADP
fbem-22391	31	16	crossborder	crossborder	NOUN
fbem-22391	31	17	payments	payment	NOUN
fbem-22391	31	18	and	and	CCONJ
fbem-22391	31	19	settlements	settlement	NOUN
fbem-22391	31	20	is	be	AUX
fbem-22391	31	21	increasing	increase	VERB
fbem-22391	31	22	.	.	PUNCT
fbem-22391	32	1	however	however	ADV
fbem-22391	32	2	,	,	PUNCT
fbem-22391	32	3	traditional	traditional	ADJ
fbem-22391	32	4	cross	cross	ADJ
fbem-22391	32	5	-	-	ADJ
fbem-22391	32	6	border	border	ADJ
fbem-22391	32	7	payment	payment	NOUN
fbem-22391	32	8	processes	process	NOUN
fbem-22391	32	9	are	be	AUX
fbem-22391	32	10	cumbersome	cumbersome	ADJ
fbem-22391	32	11	,	,	PUNCT
fbem-22391	32	12	costly	costly	ADJ
fbem-22391	32	13	,	,	PUNCT
fbem-22391	32	14	inefficient	inefficient	ADJ
fbem-22391	32	15	,	,	PUNCT
fbem-22391	32	16	and	and	CCONJ
fbem-22391	32	17	entail	entail	VERB
fbem-22391	32	18	high	high	ADJ
fbem-22391	32	19	risks	risk	NOUN
fbem-22391	32	20	.	.	PUNCT
fbem-22391	33	1	the	the	DET
fbem-22391	33	2	introduction	introduction	NOUN
fbem-22391	33	3	of	of	ADP
fbem-22391	33	4	blockchain	blockchain	PROPN
fbem-22391	33	5	technology	technology	PROPN
fbem-22391	33	6	and	and	CCONJ
fbem-22391	33	7	smart	smart	ADJ
fbem-22391	33	8	contracts	contract	NOUN
fbem-22391	33	9	has	have	AUX
fbem-22391	33	10	brought	bring	VERB
fbem-22391	33	11	revolutionary	revolutionary	ADJ
fbem-22391	33	12	changes	change	NOUN
fbem-22391	33	13	to	to	ADP
fbem-22391	33	14	cross	cross	ADJ
fbem-22391	33	15	-	-	ADJ
fbem-22391	33	16	border	border	ADJ
fbem-22391	33	17	payments	payment	NOUN
fbem-22391	33	18	.	.	PUNCT
fbem-22391	34	1	by	by	ADP
fbem-22391	34	2	establishing	establish	VERB
fbem-22391	34	3	a	a	DET
fbem-22391	34	4	decentralized	decentralize	VERB
fbem-22391	34	5	global	global	ADJ
fbem-22391	34	6	payment	payment	NOUN
fbem-22391	34	7	network	network	NOUN
fbem-22391	34	8	,	,	PUNCT
fbem-22391	34	9	blockchain	blockchain	PROPN
fbem-22391	34	10	technology	technology	PROPN
fbem-22391	34	11	can	can	AUX
fbem-22391	34	12	achieve	achieve	VERB
fbem-22391	34	13	real	real	ADJ
fbem-22391	34	14	-	-	PUNCT
fbem-22391	34	15	time	time	NOUN
fbem-22391	34	16	clearing	clearing	NOUN
fbem-22391	34	17	and	and	CCONJ
fbem-22391	34	18	settlement	settlement	NOUN
fbem-22391	34	19	of	of	ADP
fbem-22391	34	20	cross	cross	ADJ
fbem-22391	34	21	-	-	ADJ
fbem-22391	34	22	border	border	ADJ
fbem-22391	34	23	payments	payment	NOUN
fbem-22391	34	24	,	,	PUNCT
fbem-22391	34	25	reduce	reduce	VERB
fbem-22391	34	26	transaction	transaction	NOUN
fbem-22391	34	27	costs	cost	NOUN
fbem-22391	34	28	,	,	PUNCT
fbem-22391	34	29	and	and	CCONJ
fbem-22391	34	30	improve	improve	VERB
fbem-22391	34	31	payment	payment	NOUN
fbem-22391	34	32	efficiency	efficiency	NOUN
fbem-22391	34	33	.	.	PUNCT
fbem-22391	35	1	additionally	additionally	ADV
fbem-22391	35	2	,	,	PUNCT
fbem-22391	35	3	the	the	DET
fbem-22391	35	4	automated	automate	VERB
fbem-22391	35	5	execution	execution	NOUN
fbem-22391	35	6	feature	feature	NOUN
fbem-22391	35	7	of	of	ADP
fbem-22391	35	8	smart	smart	ADJ
fbem-22391	35	9	contracts	contract	NOUN
fbem-22391	35	10	can	can	AUX
fbem-22391	35	11	ensure	ensure	VERB
fbem-22391	35	12	the	the	DET
fbem-22391	35	13	fairness	fairness	NOUN
fbem-22391	35	14	and	and	CCONJ
fbem-22391	35	15	security	security	NOUN
fbem-22391	35	16	of	of	ADP
fbem-22391	35	17	transactions	transaction	NOUN
fbem-22391	35	18	,	,	PUNCT
fbem-22391	35	19	reducing	reduce	VERB
fbem-22391	35	20	human	human	ADJ
fbem-22391	35	21	interference	interference	NOUN
fbem-22391	35	22	.	.	PUNCT
fbem-22391	36	1	payment	payment	NOUN
fbem-22391	36	2	settlement	settlement	NOUN
fbem-22391	36	3	and	and	CCONJ
fbem-22391	36	4	clearing	clearing	NOUN
fbem-22391	36	5	are	be	AUX
fbem-22391	36	6	the	the	DET
fbem-22391	36	7	most	most	ADV
fbem-22391	36	8	fundamental	fundamental	ADJ
fbem-22391	36	9	financial	financial	ADJ
fbem-22391	36	10	activities	activity	NOUN
fbem-22391	36	11	,	,	PUNCT
fbem-22391	36	12	and	and	CCONJ
fbem-22391	36	13	blockchain	blockchain	PROPN
fbem-22391	36	14	technology	technology	PROPN
fbem-22391	36	15	was	be	AUX
fbem-22391	36	16	first	first	ADV
fbem-22391	36	17	experimented	experiment	VERB
fbem-22391	36	18	with	with	ADP
fbem-22391	36	19	in	in	ADP
fbem-22391	36	20	the	the	DET
fbem-22391	36	21	banking	banking	NOUN
fbem-22391	36	22	industry	industry	NOUN
fbem-22391	36	23	in	in	ADP
fbem-22391	36	24	payment	payment	NOUN
fbem-22391	36	25	settlement	settlement	NOUN
fbem-22391	36	26	.	.	PUNCT
fbem-22391	37	1	modern	modern	ADJ
fbem-22391	37	2	commercial	commercial	ADJ
fbem-22391	37	3	activities	activity	NOUN
fbem-22391	37	4	rely	rely	VERB
fbem-22391	37	5	less	less	ADV
fbem-22391	37	6	on	on	ADP
fbem-22391	37	7	peer	peer	NOUN
fbem-22391	37	8	-	-	PUNCT
fbem-22391	37	9	topeer	topeer	NOUN
fbem-22391	37	10	cash	cash	NOUN
fbem-22391	37	11	transactions	transaction	NOUN
fbem-22391	37	12	and	and	CCONJ
fbem-22391	37	13	more	more	ADJ
fbem-22391	37	14	on	on	ADP
fbem-22391	37	15	financial	financial	ADJ
fbem-22391	37	16	intermediaries	intermediary	NOUN
fbem-22391	37	17	,	,	PUNCT
fbem-22391	37	18	such	such	ADJ
fbem-22391	37	19	as	as	ADP
fbem-22391	37	20	commercial	commercial	ADJ
fbem-22391	37	21	banks	bank	NOUN
fbem-22391	37	22	.	.	PUNCT
fbem-22391	38	1	wen	wen	PROPN
fbem-22391	38	2	shenghui	shenghui	PROPN
fbem-22391	39	1	[	[	X
fbem-22391	39	2	5	5	NUM
fbem-22391	39	3	believes	believe	VERB
fbem-22391	39	4	that	that	SCONJ
fbem-22391	39	5	the	the	DET
fbem-22391	39	6	large	large	ADJ
fbem-22391	39	7	number	number	NOUN
fbem-22391	39	8	of	of	ADP
fbem-22391	39	9	modern	modern	ADJ
fbem-22391	39	10	commercial	commercial	ADJ
fbem-22391	39	11	activities	activity	NOUN
fbem-22391	39	12	makes	make	VERB
fbem-22391	39	13	settlement	settlement	NOUN
fbem-22391	39	14	and	and	CCONJ
fbem-22391	39	15	clearing	clear	VERB
fbem-22391	39	16	cumbersome	cumbersome	ADJ
fbem-22391	39	17	tasks	task	NOUN
fbem-22391	39	18	for	for	ADP
fbem-22391	39	19	financial	financial	ADJ
fbem-22391	39	20	institutions	institution	NOUN
fbem-22391	39	21	,	,	PUNCT
fbem-22391	39	22	requiring	require	VERB
fbem-22391	39	23	error	error	NOUN
fbem-22391	39	24	-	-	PUNCT
fbem-22391	39	25	free	free	ADJ
fbem-22391	39	26	operations	operation	NOUN
fbem-22391	39	27	with	with	ADP
fbem-22391	39	28	enormous	enormous	ADJ
fbem-22391	39	29	workloads	workload	NOUN
fbem-22391	39	30	,	,	PUNCT
fbem-22391	39	31	especially	especially	ADV
fbem-22391	39	32	in	in	ADP
fbem-22391	39	33	the	the	DET
fbem-22391	39	34	relatively	relatively	ADV
fbem-22391	39	35	more	more	ADV
fbem-22391	39	36	complex	complex	ADJ
fbem-22391	39	37	procedures	procedure	NOUN
fbem-22391	39	38	of	of	ADP
fbem-22391	39	39	cross	cross	ADJ
fbem-22391	39	40	-	-	ADJ
fbem-22391	39	41	border	border	ADJ
fbem-22391	39	42	payments	payment	NOUN
fbem-22391	39	43	.	.	PUNCT
fbem-22391	40	1	although	although	SCONJ
fbem-22391	40	2	from	from	ADP
fbem-22391	40	3	the	the	DET
fbem-22391	40	4	perspective	perspective	NOUN
fbem-22391	40	5	of	of	ADP
fbem-22391	40	6	the	the	DET
fbem-22391	40	7	payer	payer	NOUN
fbem-22391	40	8	,	,	PUNCT
fbem-22391	40	9	the	the	DET
fbem-22391	40	10	payment	payment	NOUN
fbem-22391	40	11	seems	seem	VERB
fbem-22391	40	12	to	to	PART
fbem-22391	40	13	be	be	AUX
fbem-22391	40	14	completed	complete	VERB
fbem-22391	40	15	in	in	ADP
fbem-22391	40	16	seconds	second	NOUN
fbem-22391	40	17	,	,	PUNCT
fbem-22391	40	18	the	the	DET
fbem-22391	40	19	intermediary	intermediary	ADJ
fbem-22391	40	20	procedures	procedure	NOUN
fbem-22391	40	21	are	be	AUX
fbem-22391	40	22	very	very	ADV
fbem-22391	40	23	cumbersome	cumbersome	ADJ
fbem-22391	40	24	,	,	PUNCT
fbem-22391	40	25	often	often	ADV
fbem-22391	40	26	taking	take	VERB
fbem-22391	40	27	2	2	NUM
fbem-22391	40	28	-	-	SYM
fbem-22391	40	29	3	3	NUM
fbem-22391	40	30	days	day	NOUN
fbem-22391	40	31	.	.	PUNCT
fbem-22391	41	1	cross	cross	ADJ
fbem-22391	41	2	-	-	ADJ
fbem-22391	41	3	border	border	ADJ
fbem-22391	41	4	payments	payment	NOUN
fbem-22391	41	5	also	also	ADV
fbem-22391	41	6	incur	incur	VERB
fbem-22391	41	7	high	high	ADJ
fbem-22391	41	8	transaction	transaction	NOUN
fbem-22391	41	9	fees	fee	NOUN
fbem-22391	41	10	and	and	CCONJ
fbem-22391	41	11	require	require	VERB
fbem-22391	41	12	trusted	trust	VERB
fbem-22391	41	13	intermediary	intermediary	ADJ
fbem-22391	41	14	roles	role	NOUN
fbem-22391	41	15	(	(	PUNCT
fbem-22391	41	16	correspondent	correspondent	NOUN
fbem-22391	41	17	banks	bank	NOUN
fbem-22391	41	18	)	)	PUNCT
fbem-22391	41	19	.	.	PUNCT
fbem-22391	42	1	compared	compare	VERB
fbem-22391	42	2	with	with	ADP
fbem-22391	42	3	ordinary	ordinary	ADJ
fbem-22391	42	4	cross	cross	ADJ
fbem-22391	42	5	-	-	ADJ
fbem-22391	42	6	border	border	ADJ
fbem-22391	42	7	payments	payment	NOUN
fbem-22391	42	8	,	,	PUNCT
fbem-22391	42	9	the	the	DET
fbem-22391	42	10	application	application	NOUN
fbem-22391	42	11	of	of	ADP
fbem-22391	42	12	blockchain	blockchain	PROPN
fbem-22391	42	13	technology	technology	PROPN
fbem-22391	42	14	can	can	AUX
fbem-22391	42	15	bypass	bypass	VERB
fbem-22391	42	16	transit	transit	NOUN
fbem-22391	42	17	banks	bank	NOUN
fbem-22391	42	18	,	,	PUNCT
fbem-22391	42	19	which	which	PRON
fbem-22391	42	20	means	mean	VERB
fbem-22391	42	21	reducing	reduce	VERB
fbem-22391	42	22	transaction	transaction	NOUN
fbem-22391	42	23	costs	cost	NOUN
fbem-22391	42	24	and	and	CCONJ
fbem-22391	42	25	simplifying	simplify	VERB
fbem-22391	42	26	transaction	transaction	NOUN
fbem-22391	42	27	procedures	procedure	NOUN
fbem-22391	42	28	,	,	PUNCT
fbem-22391	42	29	reducing	reduce	VERB
fbem-22391	42	30	transaction	transaction	NOUN
fbem-22391	42	31	costs	cost	NOUN
fbem-22391	42	32	,	,	PUNCT
fbem-22391	42	33	reducing	reduce	VERB
fbem-22391	42	34	intermediate	intermediate	ADJ
fbem-22391	42	35	links	link	NOUN
fbem-22391	42	36	,	,	PUNCT
fbem-22391	42	37	and	and	CCONJ
fbem-22391	42	38	shortening	shorten	VERB
fbem-22391	42	39	the	the	DET
fbem-22391	42	40	time	time	NOUN
fbem-22391	42	41	for	for	ADP
fbem-22391	42	42	funds	fund	NOUN
fbem-22391	42	43	in	in	ADP
fbem-22391	42	44	transit	transit	NOUN
fbem-22391	42	45	;	;	PUNCT
fbem-22391	42	46	real	real	ADJ
fbem-22391	42	47	-	-	PUNCT
fbem-22391	42	48	time	time	NOUN
fbem-22391	42	49	monitoring	monitoring	NOUN
fbem-22391	42	50	can	can	AUX
fbem-22391	42	51	reduce	reduce	VERB
fbem-22391	42	52	regulatory	regulatory	ADJ
fbem-22391	42	53	difficulties	difficulty	NOUN
fbem-22391	42	54	and	and	CCONJ
fbem-22391	42	55	meet	meet	VERB
fbem-22391	42	56	higher	high	ADJ
fbem-22391	42	57	regulatory	regulatory	ADJ
fbem-22391	42	58	requirements	requirement	NOUN
fbem-22391	42	59	;	;	PUNCT
fbem-22391	42	60	blockchain	blockchain	NOUN
fbem-22391	42	61	distributed	distribute	VERB
fbem-22391	42	62	ledger	ledger	NOUN
fbem-22391	42	63	technology	technology	NOUN
fbem-22391	42	64	improves	improve	VERB
fbem-22391	42	65	transaction	transaction	NOUN
fbem-22391	42	66	security	security	NOUN
fbem-22391	42	67	;	;	PUNCT
fbem-22391	42	68	direct	direct	ADJ
fbem-22391	42	69	contact	contact	NOUN
fbem-22391	42	70	between	between	ADP
fbem-22391	42	71	payer	payer	NOUN
fbem-22391	42	72	and	and	CCONJ
fbem-22391	42	73	payee	payee	NOUN
fbem-22391	42	74	on	on	ADP
fbem-22391	42	75	the	the	DET
fbem-22391	42	76	chain	chain	NOUN
fbem-22391	42	77	speeds	speed	VERB
fbem-22391	42	78	up	up	ADP
fbem-22391	42	79	transactions	transaction	NOUN
fbem-22391	42	80	.	.	PUNCT
fbem-22391	43	1	according	accord	VERB
fbem-22391	43	2	to	to	ADP
fbem-22391	43	3	mckinsey	mckinsey	PROPN
fbem-22391	43	4	's	's	PART
fbem-22391	43	5	calculations	calculation	NOUN
fbem-22391	43	6	,	,	PUNCT
fbem-22391	43	7	blockchain	blockchain	PROPN
fbem-22391	43	8	technology	technology	PROPN
fbem-22391	43	9	can	can	AUX
fbem-22391	43	10	reduce	reduce	VERB
fbem-22391	43	11	the	the	DET
fbem-22391	43	12	cost	cost	NOUN
fbem-22391	43	13	of	of	ADP
fbem-22391	43	14	each	each	DET
fbem-22391	43	15	crossborder	crossborder	NOUN
fbem-22391	43	16	payment	payment	NOUN
fbem-22391	43	17	business	business	NOUN
fbem-22391	43	18	from	from	ADP
fbem-22391	43	19	26	26	NUM
fbem-22391	43	20	us	us	PROPN
fbem-22391	43	21	dollars	dollar	NOUN
fbem-22391	43	22	to	to	ADP
fbem-22391	43	23	15	15	NUM
fbem-22391	43	24	us	us	PROPN
fbem-22391	43	25	dollars	dollar	NOUN
fbem-22391	43	26	,	,	PUNCT
fbem-22391	43	27	of	of	ADP
fbem-22391	43	28	which	which	PRON
fbem-22391	43	29	75	75	NUM
fbem-22391	43	30	%	%	NOUN
fbem-22391	43	31	is	be	AUX
fbem-22391	43	32	the	the	DET
fbem-22391	43	33	transit	transit	PROPN
fbem-22391	43	34	bank	bank	NOUN
fbem-22391	43	35	fee	fee	NOUN
fbem-22391	43	36	,	,	PUNCT
fbem-22391	43	37	and	and	CCONJ
fbem-22391	43	38	25	25	NUM
fbem-22391	43	39	%	%	NOUN
fbem-22391	43	40	is	be	AUX
fbem-22391	43	41	the	the	DET
fbem-22391	43	42	foreign	foreign	ADJ
fbem-22391	43	43	exchange	exchange	NOUN
fbem-22391	43	44	conversion	conversion	NOUN
fbem-22391	43	45	cost	cost	NOUN
fbem-22391	43	46	and	and	CCONJ
fbem-22391	43	47	compliance	compliance	NOUN
fbem-22391	43	48	,	,	PUNCT
fbem-22391	43	49	error	error	NOUN
fbem-22391	43	50	investigation	investigation	NOUN
fbem-22391	43	51	cost	cost	NOUN
fbem-22391	43	52	.	.	PUNCT
fbem-22391	44	1	3.2	3.2	NUM
fbem-22391	44	2	.	.	PUNCT
fbem-22391	44	3	supply	supply	NOUN
fbem-22391	44	4	chain	chain	NOUN
fbem-22391	44	5	finance	finance	NOUN
fbem-22391	44	6	supply	supply	NOUN
fbem-22391	44	7	chain	chain	NOUN
fbem-22391	44	8	finance	finance	NOUN
fbem-22391	44	9	is	be	AUX
fbem-22391	44	10	a	a	DET
fbem-22391	44	11	specialized	specialized	ADJ
fbem-22391	44	12	area	area	NOUN
fbem-22391	44	13	of	of	ADP
fbem-22391	44	14	commercial	commercial	ADJ
fbem-22391	44	15	bank	bank	PROPN
fbem-22391	44	16	credit	credit	NOUN
fbem-22391	44	17	business	business	NOUN
fbem-22391	44	18	,	,	PUNCT
fbem-22391	44	19	premised	premise	VERB
fbem-22391	44	20	on	on	ADP
fbem-22391	44	21	the	the	DET
fbem-22391	44	22	trading	trading	NOUN
fbem-22391	44	23	relationships	relationship	NOUN
fbem-22391	44	24	between	between	ADP
fbem-22391	44	25	core	core	NOUN
fbem-22391	44	26	enterprises	enterprise	NOUN
fbem-22391	44	27	and	and	CCONJ
fbem-22391	44	28	upstream	upstream	ADJ
fbem-22391	44	29	and	and	CCONJ
fbem-22391	44	30	downstream	downstream	ADJ
fbem-22391	44	31	enterprises	enterprise	NOUN
fbem-22391	44	32	.	.	PUNCT
fbem-22391	45	1	it	it	PRON
fbem-22391	45	2	serves	serve	VERB
fbem-22391	45	3	as	as	ADP
fbem-22391	45	4	a	a	DET
fbem-22391	45	5	mutually	mutually	ADV
fbem-22391	45	6	beneficial	beneficial	ADJ
fbem-22391	45	7	bridge	bridge	NOUN
fbem-22391	45	8	between	between	ADP
fbem-22391	45	9	core	core	NOUN
fbem-22391	45	10	enterprises	enterprise	NOUN
fbem-22391	45	11	,	,	PUNCT
fbem-22391	45	12	banks	bank	NOUN
fbem-22391	45	13	,	,	PUNCT
fbem-22391	45	14	and	and	CCONJ
fbem-22391	45	15	upstream	upstream	ADJ
fbem-22391	45	16	and	and	CCONJ
fbem-22391	45	17	downstream	downstream	ADJ
fbem-22391	45	18	enterprises	enterprise	NOUN
fbem-22391	45	19	,	,	PUNCT
fbem-22391	45	20	allowing	allow	VERB
fbem-22391	45	21	comprehensive	comprehensive	ADJ
fbem-22391	45	22	information	information	NOUN
fbem-22391	45	23	acquisition	acquisition	NOUN
fbem-22391	45	24	from	from	ADP
fbem-22391	45	25	the	the	DET
fbem-22391	45	26	upstream	upstream	ADJ
fbem-22391	45	27	and	and	CCONJ
fbem-22391	45	28	downstream	downstream	ADJ
fbem-22391	45	29	enterprises	enterprise	NOUN
fbem-22391	45	30	.	.	PUNCT
fbem-22391	46	1	this	this	DET
fbem-22391	46	2	transformation	transformation	NOUN
fbem-22391	46	3	turns	turn	VERB
fbem-22391	46	4	uncontrollable	uncontrollable	ADJ
fbem-22391	46	5	independent	independent	ADJ
fbem-22391	46	6	enterprise	enterprise	NOUN
fbem-22391	46	7	risks	risk	NOUN
fbem-22391	46	8	into	into	ADP
fbem-22391	46	9	controllable	controllable	ADJ
fbem-22391	46	10	overall	overall	ADJ
fbem-22391	46	11	enterprise	enterprise	NOUN
fbem-22391	46	12	risks	risk	NOUN
fbem-22391	46	13	,	,	PUNCT
fbem-22391	46	14	thereby	thereby	ADV
fbem-22391	46	15	minimizing	minimize	VERB
fbem-22391	46	16	risks	risk	NOUN
fbem-22391	46	17	within	within	ADP
fbem-22391	46	18	a	a	DET
fbem-22391	46	19	controllable	controllable	ADJ
fbem-22391	46	20	range	range	NOUN
fbem-22391	46	21	.	.	PUNCT
fbem-22391	47	1	the	the	DET
fbem-22391	47	2	role	role	NOUN
fbem-22391	47	3	of	of	ADP
fbem-22391	47	4	supply	supply	NOUN
fbem-22391	47	5	chain	chain	NOUN
fbem-22391	47	6	finance	finance	NOUN
fbem-22391	47	7	in	in	ADP
fbem-22391	47	8	addressing	address	VERB
fbem-22391	47	9	issues	issue	NOUN
fbem-22391	47	10	such	such	ADJ
fbem-22391	47	11	as	as	ADP
fbem-22391	47	12	long	long	ADJ
fbem-22391	47	13	receivables	receivables	NOUN
fbem-22391	47	14	collection	collection	NOUN
fbem-22391	47	15	periods	period	NOUN
fbem-22391	47	16	and	and	CCONJ
fbem-22391	47	17	inventory	inventory	NOUN
fbem-22391	47	18	backlog	backlog	NOUN
fbem-22391	47	19	is	be	AUX
fbem-22391	47	20	becoming	become	VERB
fbem-22391	47	21	increasingly	increasingly	ADV
fbem-22391	47	22	significant	significant	ADJ
fbem-22391	47	23	.	.	PUNCT
fbem-22391	48	1	song	song	PROPN
fbem-22391	48	2	hua	hua	PROPN
fbem-22391	48	3	et	et	PROPN
fbem-22391	48	4	al	al	PROPN
fbem-22391	48	5	.	.	PUNCT
fbem-22391	49	1	[	[	X
fbem-22391	49	2	6	6	NUM
fbem-22391	49	3	]	]	PUNCT
fbem-22391	49	4	suggest	suggest	VERB
fbem-22391	49	5	that	that	SCONJ
fbem-22391	49	6	leveraging	leverage	VERB
fbem-22391	49	7	the	the	DET
fbem-22391	49	8	higher	high	ADJ
fbem-22391	49	9	credit	credit	NOUN
fbem-22391	49	10	rating	rating	NOUN
fbem-22391	49	11	of	of	ADP
fbem-22391	49	12	core	core	NOUN
fbem-22391	49	13	enterprises	enterprise	NOUN
fbem-22391	49	14	can	can	AUX
fbem-22391	49	15	alleviate	alleviate	VERB
fbem-22391	49	16	the	the	DET
fbem-22391	49	17	financial	financial	ADJ
fbem-22391	49	18	pressure	pressure	NOUN
fbem-22391	49	19	and	and	CCONJ
fbem-22391	49	20	supply	supply	NOUN
fbem-22391	49	21	-	-	PUNCT
fbem-22391	49	22	demand	demand	NOUN
fbem-22391	49	23	imbalances	imbalance	NOUN
fbem-22391	49	24	in	in	ADP
fbem-22391	49	25	the	the	DET
fbem-22391	49	26	flow	flow	NOUN
fbem-22391	49	27	of	of	ADP
fbem-22391	49	28	funds	fund	NOUN
fbem-22391	49	29	for	for	ADP
fbem-22391	49	30	"	"	PUNCT
fbem-22391	49	31	weaker	weak	ADJ
fbem-22391	49	32	"	"	PUNCT
fbem-22391	49	33	members	member	NOUN
fbem-22391	49	34	,	,	PUNCT
fbem-22391	49	35	thereby	thereby	ADV
fbem-22391	49	36	solving	solve	VERB
fbem-22391	49	37	the	the	DET
fbem-22391	49	38	funding	funding	NOUN
fbem-22391	49	39	constraints	constraint	NOUN
fbem-22391	49	40	faced	face	VERB
fbem-22391	49	41	by	by	ADP
fbem-22391	49	42	small	small	ADJ
fbem-22391	49	43	and	and	CCONJ
fbem-22391	49	44	medium	medium	ADJ
fbem-22391	49	45	-	-	PUNCT
fbem-22391	49	46	sized	sized	ADJ
fbem-22391	49	47	enterprises	enterprise	NOUN
fbem-22391	49	48	.	.	PUNCT
fbem-22391	50	1	it	it	PRON
fbem-22391	50	2	is	be	AUX
fbem-22391	50	3	evident	evident	ADJ
fbem-22391	50	4	that	that	SCONJ
fbem-22391	50	5	the	the	DET
fbem-22391	50	6	essence	essence	NOUN
fbem-22391	50	7	of	of	ADP
fbem-22391	50	8	the	the	DET
fbem-22391	50	9	supply	supply	NOUN
fbem-22391	50	10	chain	chain	NOUN
fbem-22391	50	11	lies	lie	VERB
fbem-22391	50	12	in	in	ADP
fbem-22391	50	13	controlling	control	VERB
fbem-22391	50	14	the	the	DET
fbem-22391	50	15	four	four	NUM
fbem-22391	50	16	flows	flow	NOUN
fbem-22391	50	17	of	of	ADP
fbem-22391	50	18	the	the	DET
fbem-22391	50	19	supply	supply	NOUN
fbem-22391	50	20	chain	chain	NOUN
fbem-22391	50	21	—	—	PUNCT
fbem-22391	50	22	namely	namely	ADV
fbem-22391	50	23	,	,	PUNCT
fbem-22391	50	24	the	the	DET
fbem-22391	50	25	flow	flow	NOUN
fbem-22391	50	26	of	of	ADP
fbem-22391	50	27	goods	good	NOUN
fbem-22391	50	28	,	,	PUNCT
fbem-22391	50	29	commercial	commercial	ADJ
fbem-22391	50	30	transactions	transaction	NOUN
fbem-22391	50	31	,	,	PUNCT
fbem-22391	50	32	information	information	NOUN
fbem-22391	50	33	,	,	PUNCT
fbem-22391	50	34	and	and	CCONJ
fbem-22391	50	35	funds	fund	NOUN
fbem-22391	50	36	—	—	PUNCT
fbem-22391	50	37	to	to	PART
fbem-22391	50	38	help	help	VERB
fbem-22391	50	39	enterprises	enterprise	NOUN
fbem-22391	50	40	revitalize	revitalize	VERB
fbem-22391	50	41	their	their	PRON
fbem-22391	50	42	liquid	liquid	ADJ
fbem-22391	50	43	assets	asset	NOUN
fbem-22391	50	44	and	and	CCONJ
fbem-22391	50	45	thus	thus	ADV
fbem-22391	50	46	resolve	resolve	VERB
fbem-22391	50	47	their	their	PRON
fbem-22391	50	48	financing	financing	NOUN
fbem-22391	50	49	issues	issue	NOUN
fbem-22391	50	50	.	.	PUNCT
fbem-22391	51	1	while	while	SCONJ
fbem-22391	51	2	gaining	gain	VERB
fbem-22391	51	3	recognition	recognition	NOUN
fbem-22391	51	4	and	and	CCONJ
fbem-22391	51	5	adoption	adoption	NOUN
fbem-22391	51	6	by	by	ADP
fbem-22391	51	7	market	market	NOUN
fbem-22391	51	8	traders	trader	NOUN
fbem-22391	51	9	,	,	PUNCT
fbem-22391	51	10	the	the	DET
fbem-22391	51	11	development	development	NOUN
fbem-22391	51	12	of	of	ADP
fbem-22391	51	13	supply	supply	NOUN
fbem-22391	51	14	chain	chain	NOUN
fbem-22391	51	15	finance	finance	NOUN
fbem-22391	51	16	is	be	AUX
fbem-22391	51	17	hindered	hinder	VERB
fbem-22391	51	18	by	by	ADP
fbem-22391	51	19	various	various	ADJ
fbem-22391	51	20	drawbacks	drawback	NOUN
fbem-22391	51	21	such	such	ADJ
fbem-22391	51	22	as	as	ADP
fbem-22391	51	23	slow	slow	ADJ
fbem-22391	51	24	account	account	NOUN
fbem-22391	51	25	receivable	receivable	ADJ
fbem-22391	51	26	turnover	turnover	NOUN
fbem-22391	51	27	,	,	PUNCT
fbem-22391	51	28	credit	credit	NOUN
fbem-22391	51	29	risks	risk	NOUN
fbem-22391	51	30	,	,	PUNCT
fbem-22391	51	31	and	and	CCONJ
fbem-22391	51	32	high	high	ADJ
fbem-22391	51	33	operational	operational	ADJ
fbem-22391	51	34	risks	risk	NOUN
fbem-22391	51	35	.	.	PUNCT
fbem-22391	52	1	ling	ling	NOUN
fbem-22391	52	2	runzhe	runzhe	PROPN
fbem-22391	52	3	et	et	PROPN
fbem-22391	52	4	al	al	PROPN
fbem-22391	52	5	.	.	PUNCT
fbem-22391	53	1	[	[	X
fbem-22391	53	2	7	7	X
fbem-22391	53	3	]	]	PUNCT
fbem-22391	53	4	found	find	VERB
fbem-22391	53	5	that	that	SCONJ
fbem-22391	53	6	the	the	DET
fbem-22391	53	7	integration	integration	NOUN
fbem-22391	53	8	of	of	ADP
fbem-22391	53	9	blockchain	blockchain	PROPN
fbem-22391	53	10	technology	technology	PROPN
fbem-22391	53	11	with	with	ADP
fbem-22391	53	12	supply	supply	NOUN
fbem-22391	53	13	chain	chain	NOUN
fbem-22391	53	14	finance	finance	NOUN
fbem-22391	53	15	can	can	AUX
fbem-22391	53	16	optimize	optimize	VERB
fbem-22391	53	17	the	the	DET
fbem-22391	53	18	operational	operational	ADJ
fbem-22391	53	19	processes	process	NOUN
fbem-22391	53	20	of	of	ADP
fbem-22391	53	21	supply	supply	NOUN
fbem-22391	53	22	chain	chain	NOUN
fbem-22391	53	23	finance	finance	NOUN
fbem-22391	53	24	,	,	PUNCT
fbem-22391	53	25	reduce	reduce	VERB
fbem-22391	53	26	transaction	transaction	NOUN
fbem-22391	53	27	costs	cost	NOUN
fbem-22391	53	28	,	,	PUNCT
fbem-22391	53	29	and	and	CCONJ
fbem-22391	53	30	improve	improve	VERB
fbem-22391	53	31	the	the	DET
fbem-22391	53	32	risk	risk	NOUN
fbem-22391	53	33	control	control	NOUN
fbem-22391	53	34	system	system	NOUN
fbem-22391	53	35	.	.	PUNCT
fbem-22391	54	1	3.3	3.3	NUM
fbem-22391	54	2	.	.	PUNCT
fbem-22391	54	3	equity	equity	NOUN
fbem-22391	54	4	financing	financing	NOUN
fbem-22391	54	5	and	and	CCONJ
fbem-22391	54	6	securities	security	NOUN
fbem-22391	54	7	issuance	issuance	NOUN
fbem-22391	54	8	the	the	DET
fbem-22391	54	9	application	application	NOUN
fbem-22391	54	10	of	of	ADP
fbem-22391	54	11	blockchain	blockchain	PROPN
fbem-22391	54	12	technology	technology	PROPN
fbem-22391	54	13	and	and	CCONJ
fbem-22391	54	14	smart	smart	ADJ
fbem-22391	54	15	contracts	contract	NOUN
fbem-22391	54	16	in	in	ADP
fbem-22391	54	17	the	the	DET
fbem-22391	54	18	field	field	NOUN
fbem-22391	54	19	of	of	ADP
fbem-22391	54	20	equity	equity	NOUN
fbem-22391	54	21	financing	financing	NOUN
fbem-22391	54	22	and	and	CCONJ
fbem-22391	54	23	securities	security	NOUN
fbem-22391	54	24	issuance	issuance	NOUN
fbem-22391	54	25	brings	bring	VERB
fbem-22391	54	26	innovative	innovative	ADJ
fbem-22391	54	27	solutions	solution	NOUN
fbem-22391	54	28	to	to	ADP
fbem-22391	54	29	the	the	DET
fbem-22391	54	30	traditional	traditional	ADJ
fbem-22391	54	31	financial	financial	ADJ
fbem-22391	54	32	industry	industry	NOUN
fbem-22391	54	33	.	.	PUNCT
fbem-22391	55	1	by	by	ADP
fbem-22391	55	2	building	build	VERB
fbem-22391	55	3	an	an	DET
fbem-22391	55	4	equity	equity	NOUN
fbem-22391	55	5	financing	financing	NOUN
fbem-22391	55	6	platform	platform	NOUN
fbem-22391	55	7	based	base	VERB
fbem-22391	55	8	on	on	ADP
fbem-22391	55	9	the	the	DET
fbem-22391	55	10	blockchain	blockchain	NOUN
fbem-22391	55	11	,	,	PUNCT
fbem-22391	55	12	decentralized	decentralize	VERB
fbem-22391	55	13	and	and	CCONJ
fbem-22391	55	14	automated	automate	VERB
fbem-22391	55	15	equity	equity	NOUN
fbem-22391	55	16	financing	financing	NOUN
fbem-22391	55	17	can	can	AUX
fbem-22391	55	18	be	be	AUX
fbem-22391	55	19	realized	realize	VERB
fbem-22391	55	20	,	,	PUNCT
fbem-22391	55	21	reducing	reduce	VERB
fbem-22391	55	22	issuance	issuance	NOUN
fbem-22391	55	23	costs	cost	NOUN
fbem-22391	55	24	and	and	CCONJ
fbem-22391	55	25	improving	improve	VERB
fbem-22391	55	26	market	market	NOUN
fbem-22391	55	27	efficiency	efficiency	NOUN
fbem-22391	55	28	.	.	PUNCT
fbem-22391	56	1	smart	smart	ADJ
fbem-22391	56	2	contracts	contract	NOUN
fbem-22391	56	3	can	can	AUX
fbem-22391	56	4	automatically	automatically	ADV
fbem-22391	56	5	execute	execute	VERB
fbem-22391	56	6	terms	term	NOUN
fbem-22391	56	7	and	and	CCONJ
fbem-22391	56	8	conditions	condition	NOUN
fbem-22391	56	9	in	in	ADP
fbem-22391	56	10	equity	equity	NOUN
fbem-22391	56	11	financing	financing	NOUN
fbem-22391	56	12	,	,	PUNCT
fbem-22391	56	13	ensuring	ensure	VERB
fbem-22391	56	14	the	the	DET
fbem-22391	56	15	fairness	fairness	NOUN
fbem-22391	56	16	and	and	CCONJ
fbem-22391	56	17	legality	legality	NOUN
fbem-22391	56	18	of	of	ADP
fbem-22391	56	19	transactions	transaction	NOUN
fbem-22391	56	20	.	.	PUNCT
fbem-22391	57	1	in	in	ADP
fbem-22391	57	2	addition	addition	NOUN
fbem-22391	57	3	,	,	PUNCT
fbem-22391	57	4	blockchain	blockchain	PROPN
fbem-22391	57	5	technology	technology	PROPN
fbem-22391	57	6	can	can	AUX
fbem-22391	57	7	also	also	ADV
fbem-22391	57	8	improve	improve	VERB
fbem-22391	57	9	the	the	DET
fbem-22391	57	10	transparency	transparency	NOUN
fbem-22391	57	11	of	of	ADP
fbem-22391	57	12	securities	security	NOUN
fbem-22391	57	13	issuance	issuance	NOUN
fbem-22391	57	14	and	and	CCONJ
fbem-22391	57	15	trading	trading	NOUN
fbem-22391	57	16	,	,	PUNCT
fbem-22391	57	17	reducing	reduce	VERB
fbem-22391	57	18	the	the	DET
fbem-22391	57	19	risk	risk	NOUN
fbem-22391	57	20	of	of	ADP
fbem-22391	57	21	market	market	NOUN
fbem-22391	57	22	manipulation	manipulation	NOUN
fbem-22391	57	23	and	and	CCONJ
fbem-22391	57	24	fraud	fraud	NOUN
fbem-22391	57	25	.	.	PUNCT
fbem-22391	58	1	in	in	ADP
fbem-22391	58	2	terms	term	NOUN
fbem-22391	58	3	of	of	ADP
fbem-22391	58	4	equity	equity	NOUN
fbem-22391	58	5	financing	financing	NOUN
fbem-22391	58	6	,	,	PUNCT
fbem-22391	58	7	there	there	PRON
fbem-22391	58	8	are	be	VERB
fbem-22391	58	9	still	still	ADV
fbem-22391	58	10	many	many	ADJ
fbem-22391	58	11	limitations	limitation	NOUN
fbem-22391	58	12	in	in	ADP
fbem-22391	58	13	traditional	traditional	ADJ
fbem-22391	58	14	technology	technology	NOUN
fbem-22391	58	15	,	,	PUNCT
fbem-22391	58	16	such	such	ADJ
fbem-22391	58	17	as	as	ADP
fbem-22391	58	18	the	the	DET
fbem-22391	58	19	equity	equity	NOUN
fbem-22391	58	20	financing	financing	NOUN
fbem-22391	58	21	and	and	CCONJ
fbem-22391	58	22	transfer	transfer	NOUN
fbem-22391	58	23	transactions	transaction	NOUN
fbem-22391	58	24	of	of	ADP
fbem-22391	58	25	unlisted	unlisted	ADJ
fbem-22391	58	26	companies	company	NOUN
fbem-22391	58	27	need	need	VERB
fbem-22391	58	28	to	to	PART
fbem-22391	58	29	manually	manually	ADV
fbem-22391	58	30	review	review	VERB
fbem-22391	58	31	paper	paper	NOUN
fbem-22391	58	32	stock	stock	NOUN
fbem-22391	58	33	certificates	certificate	NOUN
fbem-22391	58	34	,	,	PUNCT
fbem-22391	58	35	option	option	NOUN
fbem-22391	58	36	issuance	issuance	NOUN
fbem-22391	58	37	and	and	CCONJ
fbem-22391	58	38	exchangeable	exchangeable	ADJ
fbem-22391	58	39	notes	note	NOUN
fbem-22391	58	40	,	,	PUNCT
fbem-22391	58	41	etc	etc	X
fbem-22391	58	42	.	.	X
fbem-22391	59	1	a	a	DET
fbem-22391	59	2	large	large	ADJ
fbem-22391	59	3	number	number	NOUN
fbem-22391	59	4	of	of	ADP
fbem-22391	59	5	manual	manual	NOUN
fbem-22391	59	6	and	and	CCONJ
fbem-22391	59	7	paperbased	paperbased	ADJ
fbem-22391	59	8	operations	operation	NOUN
fbem-22391	59	9	not	not	PART
fbem-22391	59	10	only	only	ADV
fbem-22391	59	11	easily	easily	ADV
fbem-22391	59	12	cause	cause	VERB
fbem-22391	59	13	many	many	ADJ
fbem-22391	59	14	human	human	ADJ
fbem-22391	59	15	errors	error	NOUN
fbem-22391	59	16	,	,	PUNCT
fbem-22391	59	17	but	but	CCONJ
fbem-22391	59	18	also	also	ADV
fbem-22391	59	19	make	make	VERB
fbem-22391	59	20	it	it	PRON
fbem-22391	59	21	difficult	difficult	ADJ
fbem-22391	59	22	to	to	PART
fbem-22391	59	23	leave	leave	VERB
fbem-22391	59	24	audit	audit	NOUN
fbem-22391	59	25	traces	trace	NOUN
fbem-22391	59	26	.	.	PUNCT
fbem-22391	60	1	compared	compare	VERB
fbem-22391	60	2	with	with	ADP
fbem-22391	60	3	this	this	PRON
fbem-22391	60	4	,	,	PUNCT
fbem-22391	60	5	the	the	DET
fbem-22391	60	6	equity	equity	NOUN
fbem-22391	60	7	financing	financing	NOUN
fbem-22391	60	8	model	model	NOUN
fbem-22391	60	9	based	base	VERB
fbem-22391	60	10	on	on	ADP
fbem-22391	60	11	blockchain	blockchain	PROPN
fbem-22391	60	12	technology	technology	PROPN
fbem-22391	60	13	can	can	AUX
fbem-22391	60	14	reduce	reduce	VERB
fbem-22391	60	15	human	human	ADJ
fbem-22391	60	16	errors	error	NOUN
fbem-22391	60	17	and	and	CCONJ
fbem-22391	60	18	enhance	enhance	VERB
fbem-22391	60	19	transparency	transparency	NOUN
fbem-22391	60	20	and	and	CCONJ
fbem-22391	60	21	auditability	auditability	NOUN
fbem-22391	60	22	.	.	PUNCT
fbem-22391	61	1	the	the	DET
fbem-22391	61	2	distributed	distribute	VERB
fbem-22391	61	3	accounting	accounting	NOUN
fbem-22391	61	4	method	method	NOUN
fbem-22391	61	5	of	of	ADP
fbem-22391	61	6	blockchain	blockchain	PROPN
fbem-22391	61	7	technology	technology	PROPN
fbem-22391	61	8	replaces	replace	VERB
fbem-22391	61	9	the	the	DET
fbem-22391	61	10	original	original	ADJ
fbem-22391	61	11	paper	paper	NOUN
fbem-22391	61	12	record	record	NOUN
fbem-22391	61	13	method	method	NOUN
fbem-22391	61	14	,	,	PUNCT
fbem-22391	61	15	allowing	allow	VERB
fbem-22391	61	16	transaction	transaction	NOUN
fbem-22391	61	17	parties	party	NOUN
fbem-22391	61	18	to	to	PART
fbem-22391	61	19	complete	complete	VERB
fbem-22391	61	20	the	the	DET
fbem-22391	61	21	approval	approval	NOUN
fbem-22391	61	22	of	of	ADP
fbem-22391	61	23	financing	financing	NOUN
fbem-22391	61	24	materials	material	NOUN
fbem-22391	61	25	online	online	ADV
fbem-22391	61	26	.	.	PUNCT
fbem-22391	62	1	while	while	SCONJ
fbem-22391	62	2	ensuring	ensure	VERB
fbem-22391	62	3	high	high	ADJ
fbem-22391	62	4	efficiency	efficiency	NOUN
fbem-22391	62	5	of	of	ADP
fbem-22391	62	6	equity	equity	NOUN
fbem-22391	62	7	financing	financing	NOUN
fbem-22391	62	8	,	,	PUNCT
fbem-22391	62	9	it	it	PRON
fbem-22391	62	10	also	also	ADV
fbem-22391	62	11	greatly	greatly	ADV
fbem-22391	62	12	reduces	reduce	VERB
fbem-22391	62	13	approval	approval	NOUN
fbem-22391	62	14	risks	risk	NOUN
fbem-22391	62	15	and	and	CCONJ
fbem-22391	62	16	improves	improve	VERB
fbem-22391	62	17	transaction	transaction	NOUN
fbem-22391	62	18	and	and	CCONJ
fbem-22391	62	19	management	management	NOUN
fbem-22391	62	20	efficiency	efficiency	NOUN
fbem-22391	62	21	.	.	PUNCT
fbem-22391	63	1	in	in	ADP
fbem-22391	63	2	terms	term	NOUN
fbem-22391	63	3	of	of	ADP
fbem-22391	63	4	securities	security	NOUN
fbem-22391	63	5	issuance	issuance	NOUN
fbem-22391	63	6	,	,	PUNCT
fbem-22391	63	7	joshua	joshua	PROPN
fbem-22391	63	8	[	[	X
fbem-22391	63	9	8	8	NUM
fbem-22391	63	10	]	]	PUNCT
fbem-22391	63	11	found	find	VERB
fbem-22391	63	12	that	that	SCONJ
fbem-22391	63	13	in	in	ADP
fbem-22391	63	14	the	the	DET
fbem-22391	63	15	securities	security	NOUN
fbem-22391	63	16	system	system	NOUN
fbem-22391	63	17	,	,	PUNCT
fbem-22391	63	18	blockchain	blockchain	PROPN
fbem-22391	63	19	technology	technology	PROPN
fbem-22391	63	20	can	can	AUX
fbem-22391	63	21	incorporate	incorporate	VERB
fbem-22391	63	22	the	the	DET
fbem-22391	63	23	types	type	NOUN
fbem-22391	63	24	of	of	ADP
fbem-22391	63	25	securities	security	NOUN
fbem-22391	63	26	,	,	PUNCT
fbem-22391	63	27	qualification	qualification	NOUN
fbem-22391	63	28	documents	document	NOUN
fbem-22391	63	29	for	for	ADP
fbem-22391	63	30	admission	admission	NOUN
fbem-22391	63	31	,	,	PUNCT
fbem-22391	63	32	transfer	transfer	NOUN
fbem-22391	63	33	restrictions	restriction	NOUN
fbem-22391	63	34	,	,	PUNCT
fbem-22391	63	35	and	and	CCONJ
fbem-22391	63	36	other	other	ADJ
fbem-22391	63	37	parameters	parameter	NOUN
fbem-22391	63	38	into	into	ADP
fbem-22391	63	39	smart	smart	ADJ
fbem-22391	63	40	contracts	contract	NOUN
fbem-22391	63	41	through	through	ADP
fbem-22391	63	42	pre	pre	ADJ
fbem-22391	63	43	-	-	ADJ
fbem-22391	63	44	programmed	program	VERB
fbem-22391	63	45	digital	digital	ADJ
fbem-22391	63	46	procedures	procedure	NOUN
fbem-22391	63	47	.	.	PUNCT
fbem-22391	64	1	leveraging	leverage	VERB
fbem-22391	64	2	the	the	DET
fbem-22391	64	3	394	394	NUM
fbem-22391	64	4	unique	unique	ADJ
fbem-22391	64	5	advantages	advantage	NOUN
fbem-22391	64	6	of	of	ADP
fbem-22391	64	7	decentralization	decentralization	NOUN
fbem-22391	64	8	and	and	CCONJ
fbem-22391	64	9	trustlessness	trustlessness	NOUN
fbem-22391	64	10	inherent	inherent	ADJ
fbem-22391	64	11	in	in	ADP
fbem-22391	64	12	blockchain	blockchain	PROPN
fbem-22391	64	13	technology	technology	PROPN
fbem-22391	64	14	,	,	PUNCT
fbem-22391	64	15	it	it	PRON
fbem-22391	64	16	facilitates	facilitate	VERB
fbem-22391	64	17	the	the	DET
fbem-22391	64	18	automation	automation	NOUN
fbem-22391	64	19	and	and	CCONJ
fbem-22391	64	20	intelligence	intelligence	NOUN
fbem-22391	64	21	of	of	ADP
fbem-22391	64	22	transactions	transaction	NOUN
fbem-22391	64	23	between	between	ADP
fbem-22391	64	24	buyers	buyer	NOUN
fbem-22391	64	25	and	and	CCONJ
fbem-22391	64	26	sellers	seller	NOUN
fbem-22391	64	27	.	.	PUNCT
fbem-22391	65	1	in	in	ADP
fbem-22391	65	2	2015	2015	NUM
fbem-22391	65	3	,	,	PUNCT
fbem-22391	65	4	after	after	ADP
fbem-22391	65	5	obtaining	obtain	VERB
fbem-22391	65	6	approval	approval	NOUN
fbem-22391	65	7	from	from	ADP
fbem-22391	65	8	the	the	DET
fbem-22391	65	9	u.s	u.s	PROPN
fbem-22391	65	10	.	.	PROPN
fbem-22391	65	11	sec	sec	PROPN
fbem-22391	65	12	,	,	PUNCT
fbem-22391	65	13	overstock	overstock	NOUN
fbem-22391	65	14	successfully	successfully	ADV
fbem-22391	65	15	issued	issue	VERB
fbem-22391	65	16	securities	security	NOUN
fbem-22391	65	17	publicly	publicly	ADV
fbem-22391	65	18	using	use	VERB
fbem-22391	65	19	blockchain	blockchain	PROPN
fbem-22391	65	20	.	.	PUNCT
fbem-22391	66	1	onchain	onchain	PROPN
fbem-22391	66	2	,	,	PUNCT
fbem-22391	66	3	using	use	VERB
fbem-22391	66	4	its	its	PRON
fbem-22391	66	5	own	own	ADJ
fbem-22391	66	6	blockchain	blockchain	PROPN
fbem-22391	66	7	technology	technology	NOUN
fbem-22391	66	8	,	,	PUNCT
fbem-22391	66	9	provides	provide	VERB
fbem-22391	66	10	services	service	NOUN
fbem-22391	66	11	to	to	ADP
fbem-22391	66	12	enterprises	enterprise	NOUN
fbem-22391	66	13	.	.	PUNCT
fbem-22391	67	1	the	the	DET
fbem-22391	67	2	company	company	NOUN
fbem-22391	67	3	's	's	PART
fbem-22391	67	4	antshares	antshare	NOUN
fbem-22391	67	5	consensus	consensus	NOUN
fbem-22391	67	6	algorithm	algorithm	NOUN
fbem-22391	67	7	can	can	AUX
fbem-22391	67	8	be	be	AUX
fbem-22391	67	9	utilized	utilize	VERB
fbem-22391	67	10	in	in	ADP
fbem-22391	67	11	areas	area	NOUN
fbem-22391	67	12	such	such	ADJ
fbem-22391	67	13	as	as	ADP
fbem-22391	67	14	equity	equity	NOUN
fbem-22391	67	15	crowdfunding	crowdfunding	NOUN
fbem-22391	67	16	,	,	PUNCT
fbem-22391	67	17	digital	digital	ADJ
fbem-22391	67	18	asset	asset	NOUN
fbem-22391	67	19	management	management	NOUN
fbem-22391	67	20	,	,	PUNCT
fbem-22391	67	21	and	and	CCONJ
fbem-22391	67	22	smart	smart	ADJ
fbem-22391	67	23	contracts	contract	NOUN
fbem-22391	67	24	.	.	PUNCT
fbem-22391	68	1	the	the	DET
fbem-22391	68	2	application	application	NOUN
fbem-22391	68	3	of	of	ADP
fbem-22391	68	4	blockchain	blockchain	PROPN
fbem-22391	68	5	in	in	ADP
fbem-22391	68	6	the	the	DET
fbem-22391	68	7	securities	security	NOUN
fbem-22391	68	8	industry	industry	NOUN
fbem-22391	68	9	can	can	AUX
fbem-22391	68	10	simplify	simplify	VERB
fbem-22391	68	11	the	the	DET
fbem-22391	68	12	securities	security	NOUN
fbem-22391	68	13	settlement	settlement	NOUN
fbem-22391	68	14	process	process	NOUN
fbem-22391	68	15	.	.	PUNCT
fbem-22391	69	1	data	datum	NOUN
fbem-22391	69	2	and	and	CCONJ
fbem-22391	69	3	information	information	NOUN
fbem-22391	69	4	generated	generate	VERB
fbem-22391	69	5	from	from	ADP
fbem-22391	69	6	securities	security	NOUN
fbem-22391	69	7	transactions	transaction	NOUN
fbem-22391	69	8	require	require	VERB
fbem-22391	69	9	confirmation	confirmation	NOUN
fbem-22391	69	10	and	and	CCONJ
fbem-22391	69	11	clearing	clear	VERB
fbem-22391	69	12	from	from	ADP
fbem-22391	69	13	central	central	ADJ
fbem-22391	69	14	clearing	clearing	NOUN
fbem-22391	69	15	institutions	institution	NOUN
fbem-22391	69	16	,	,	PUNCT
fbem-22391	69	17	banks	bank	NOUN
fbem-22391	69	18	,	,	PUNCT
fbem-22391	69	19	brokerages	brokerage	NOUN
fbem-22391	69	20	,	,	PUNCT
fbem-22391	69	21	and	and	CCONJ
fbem-22391	69	22	exchanges	exchange	NOUN
fbem-22391	69	23	.	.	PUNCT
fbem-22391	70	1	the	the	DET
fbem-22391	70	2	current	current	ADJ
fbem-22391	70	3	settlement	settlement	NOUN
fbem-22391	70	4	process	process	NOUN
fbem-22391	70	5	is	be	AUX
fbem-22391	70	6	complex	complex	ADJ
fbem-22391	70	7	and	and	CCONJ
fbem-22391	70	8	prone	prone	ADJ
fbem-22391	70	9	to	to	ADP
fbem-22391	70	10	causing	cause	VERB
fbem-22391	70	11	transaction	transaction	NOUN
fbem-22391	70	12	delays	delay	NOUN
fbem-22391	70	13	,	,	PUNCT
fbem-22391	70	14	thus	thus	ADV
fbem-22391	70	15	affecting	affect	VERB
fbem-22391	70	16	the	the	DET
fbem-22391	70	17	efficiency	efficiency	NOUN
fbem-22391	70	18	of	of	ADP
fbem-22391	70	19	securities	security	NOUN
fbem-22391	70	20	trading	trading	NOUN
fbem-22391	70	21	.	.	PUNCT
fbem-22391	71	1	by	by	ADP
fbem-22391	71	2	employing	employ	VERB
fbem-22391	71	3	blockchain	blockchain	PROPN
fbem-22391	71	4	technology	technology	PROPN
fbem-22391	71	5	,	,	PUNCT
fbem-22391	71	6	it	it	PRON
fbem-22391	71	7	is	be	AUX
fbem-22391	71	8	possible	possible	ADJ
fbem-22391	71	9	to	to	PART
fbem-22391	71	10	conduct	conduct	VERB
fbem-22391	71	11	ledger	ledger	NOUN
fbem-22391	71	12	recording	recording	NOUN
fbem-22391	71	13	and	and	CCONJ
fbem-22391	71	14	clearing	clearing	NOUN
fbem-22391	71	15	and	and	CCONJ
fbem-22391	71	16	settlement	settlement	NOUN
fbem-22391	71	17	work	work	NOUN
fbem-22391	71	18	independently	independently	ADV
fbem-22391	71	19	without	without	ADP
fbem-22391	71	20	the	the	DET
fbem-22391	71	21	need	need	NOUN
fbem-22391	71	22	for	for	ADP
fbem-22391	71	23	a	a	DET
fbem-22391	71	24	third	third	ADJ
fbem-22391	71	25	-	-	PUNCT
fbem-22391	71	26	party	party	NOUN
fbem-22391	71	27	clearing	clearing	NOUN
fbem-22391	71	28	institution	institution	NOUN
fbem-22391	71	29	.	.	PUNCT
fbem-22391	72	1	this	this	DET
fbem-22391	72	2	fundamental	fundamental	ADJ
fbem-22391	72	3	change	change	NOUN
fbem-22391	72	4	in	in	ADP
fbem-22391	72	5	business	business	NOUN
fbem-22391	72	6	processes	process	NOUN
fbem-22391	72	7	also	also	ADV
fbem-22391	72	8	plays	play	VERB
fbem-22391	72	9	a	a	DET
fbem-22391	72	10	significant	significant	ADJ
fbem-22391	72	11	role	role	NOUN
fbem-22391	72	12	in	in	ADP
fbem-22391	72	13	eliminating	eliminate	VERB
fbem-22391	72	14	the	the	DET
fbem-22391	72	15	netting	net	VERB
fbem-22391	72	16	settlement	settlement	NOUN
fbem-22391	72	17	system	system	NOUN
fbem-22391	72	18	and	and	CCONJ
fbem-22391	72	19	reducing	reduce	VERB
fbem-22391	72	20	settlement	settlement	NOUN
fbem-22391	72	21	risk	risk	NOUN
fbem-22391	72	22	.	.	PUNCT
fbem-22391	73	1	research	research	NOUN
fbem-22391	73	2	by	by	ADP
fbem-22391	73	3	dtcc	dtcc	NOUN
fbem-22391	73	4	[	[	X
fbem-22391	73	5	9	9	NUM
fbem-22391	73	6	]	]	PUNCT
fbem-22391	73	7	has	have	AUX
fbem-22391	73	8	shown	show	VERB
fbem-22391	73	9	that	that	SCONJ
fbem-22391	73	10	compared	compare	VERB
fbem-22391	73	11	to	to	ADP
fbem-22391	73	12	traditional	traditional	ADJ
fbem-22391	73	13	securities	security	NOUN
fbem-22391	73	14	trading	trading	NOUN
fbem-22391	73	15	models	model	NOUN
fbem-22391	73	16	,	,	PUNCT
fbem-22391	73	17	the	the	DET
fbem-22391	73	18	intervention	intervention	NOUN
fbem-22391	73	19	of	of	ADP
fbem-22391	73	20	blockchain	blockchain	PROPN
fbem-22391	73	21	technology	technology	PROPN
fbem-22391	73	22	leads	lead	VERB
fbem-22391	73	23	to	to	ADP
fbem-22391	73	24	a	a	DET
fbem-22391	73	25	trend	trend	NOUN
fbem-22391	73	26	towards	towards	ADP
fbem-22391	73	27	automated	automate	VERB
fbem-22391	73	28	and	and	CCONJ
fbem-22391	73	29	intelligent	intelligent	ADJ
fbem-22391	73	30	transactions	transaction	NOUN
fbem-22391	73	31	between	between	ADP
fbem-22391	73	32	buyers	buyer	NOUN
fbem-22391	73	33	and	and	CCONJ
fbem-22391	73	34	sellers	seller	NOUN
fbem-22391	73	35	,	,	PUNCT
fbem-22391	73	36	simplifying	simplify	VERB
fbem-22391	73	37	the	the	DET
fbem-22391	73	38	settlement	settlement	NOUN
fbem-22391	73	39	process	process	NOUN
fbem-22391	73	40	and	and	CCONJ
fbem-22391	73	41	mitigating	mitigate	VERB
fbem-22391	73	42	settlement	settlement	NOUN
fbem-22391	73	43	risk	risk	NOUN
fbem-22391	73	44	.	.	PUNCT
fbem-22391	74	1	with	with	ADP
fbem-22391	74	2	the	the	DET
fbem-22391	74	3	impetus	impetus	NOUN
fbem-22391	74	4	of	of	ADP
fbem-22391	74	5	blockchain	blockchain	PROPN
fbem-22391	74	6	technology	technology	PROPN
fbem-22391	74	7	,	,	PUNCT
fbem-22391	74	8	intermediary	intermediary	ADJ
fbem-22391	74	9	institutions	institution	NOUN
fbem-22391	74	10	in	in	ADP
fbem-22391	74	11	the	the	DET
fbem-22391	74	12	securities	security	NOUN
fbem-22391	74	13	market	market	NOUN
fbem-22391	74	14	will	will	AUX
fbem-22391	74	15	no	no	ADV
fbem-22391	74	16	longer	long	ADV
fbem-22391	74	17	exist	exist	VERB
fbem-22391	74	18	.	.	PUNCT
fbem-22391	75	1	relative	relative	ADJ
fbem-22391	75	2	to	to	ADP
fbem-22391	75	3	the	the	DET
fbem-22391	75	4	current	current	ADJ
fbem-22391	75	5	securities	security	NOUN
fbem-22391	75	6	trading	trading	NOUN
fbem-22391	75	7	process	process	NOUN
fbem-22391	75	8	,	,	PUNCT
fbem-22391	75	9	blockchain	blockchain	PROPN
fbem-22391	75	10	technology	technology	PROPN
fbem-22391	75	11	has	have	VERB
fbem-22391	75	12	a	a	DET
fbem-22391	75	13	significant	significant	ADJ
fbem-22391	75	14	impact	impact	NOUN
fbem-22391	75	15	on	on	ADP
fbem-22391	75	16	optimizing	optimize	VERB
fbem-22391	75	17	securities	security	NOUN
fbem-22391	75	18	trading	trading	NOUN
fbem-22391	75	19	processes	process	NOUN
fbem-22391	75	20	.	.	PUNCT
fbem-22391	76	1	4	4	X
fbem-22391	76	2	.	.	NOUN
fbem-22391	76	3	advantages	advantage	NOUN
fbem-22391	76	4	and	and	CCONJ
fbem-22391	76	5	challenges	challenge	NOUN
fbem-22391	76	6	of	of	ADP
fbem-22391	76	7	blockchain	blockchain	PROPN
fbem-22391	76	8	technology	technology	NOUN
fbem-22391	76	9	and	and	CCONJ
fbem-22391	76	10	smart	smart	ADJ
fbem-22391	76	11	contracts	contract	NOUN
fbem-22391	76	12	in	in	ADP
fbem-22391	76	13	the	the	DET
fbem-22391	76	14	financial	financial	ADJ
fbem-22391	76	15	industry	industry	NOUN
fbem-22391	76	16	4.1	4.1	NUM
fbem-22391	76	17	.	.	PUNCT
fbem-22391	77	1	advantage	advantage	NOUN
fbem-22391	77	2	analysis	analysis	NOUN
fbem-22391	77	3	the	the	DET
fbem-22391	77	4	application	application	NOUN
fbem-22391	77	5	of	of	ADP
fbem-22391	77	6	blockchain	blockchain	PROPN
fbem-22391	77	7	technology	technology	PROPN
fbem-22391	77	8	and	and	CCONJ
fbem-22391	77	9	smart	smart	ADJ
fbem-22391	77	10	contracts	contract	NOUN
fbem-22391	77	11	brings	bring	VERB
fbem-22391	77	12	many	many	ADJ
fbem-22391	77	13	advantages	advantage	NOUN
fbem-22391	77	14	to	to	ADP
fbem-22391	77	15	the	the	DET
fbem-22391	77	16	financial	financial	ADJ
fbem-22391	77	17	industry	industry	NOUN
fbem-22391	77	18	.	.	PUNCT
fbem-22391	78	1	first	first	ADV
fbem-22391	78	2	,	,	PUNCT
fbem-22391	78	3	they	they	PRON
fbem-22391	78	4	improve	improve	VERB
fbem-22391	78	5	the	the	DET
fbem-22391	78	6	transparency	transparency	NOUN
fbem-22391	78	7	and	and	CCONJ
fbem-22391	78	8	fairness	fairness	NOUN
fbem-22391	78	9	of	of	ADP
fbem-22391	78	10	financial	financial	ADJ
fbem-22391	78	11	transactions	transaction	NOUN
fbem-22391	78	12	by	by	ADP
fbem-22391	78	13	building	build	VERB
fbem-22391	78	14	a	a	DET
fbem-22391	78	15	decentralized	decentralized	ADJ
fbem-22391	78	16	trust	trust	NOUN
fbem-22391	78	17	mechanism	mechanism	NOUN
fbem-22391	78	18	.	.	PUNCT
fbem-22391	79	1	traditional	traditional	ADJ
fbem-22391	79	2	financial	financial	ADJ
fbem-22391	79	3	transactions	transaction	NOUN
fbem-22391	79	4	often	often	ADV
fbem-22391	79	5	need	need	VERB
fbem-22391	79	6	to	to	PART
fbem-22391	79	7	rely	rely	VERB
fbem-22391	79	8	on	on	ADP
fbem-22391	79	9	thirdparty	thirdparty	NOUN
fbem-22391	79	10	intermediary	intermediary	ADJ
fbem-22391	79	11	institutions	institution	NOUN
fbem-22391	79	12	for	for	ADP
fbem-22391	79	13	verification	verification	NOUN
fbem-22391	79	14	and	and	CCONJ
fbem-22391	79	15	settlement	settlement	NOUN
fbem-22391	79	16	,	,	PUNCT
fbem-22391	79	17	which	which	PRON
fbem-22391	79	18	not	not	PART
fbem-22391	79	19	only	only	ADV
fbem-22391	79	20	increases	increase	VERB
fbem-22391	79	21	transaction	transaction	NOUN
fbem-22391	79	22	costs	cost	NOUN
fbem-22391	79	23	but	but	CCONJ
fbem-22391	79	24	also	also	ADV
fbem-22391	79	25	reduces	reduce	VERB
fbem-22391	79	26	transaction	transaction	NOUN
fbem-22391	79	27	efficiency	efficiency	NOUN
fbem-22391	79	28	.	.	PUNCT
fbem-22391	80	1	and	and	CCONJ
fbem-22391	80	2	blockchain	blockchain	PROPN
fbem-22391	80	3	technology	technology	PROPN
fbem-22391	80	4	,	,	PUNCT
fbem-22391	80	5	through	through	ADP
fbem-22391	80	6	distributed	distribute	VERB
fbem-22391	80	7	ledgers	ledger	NOUN
fbem-22391	80	8	and	and	CCONJ
fbem-22391	80	9	consensus	consensus	NOUN
fbem-22391	80	10	mechanisms	mechanism	NOUN
fbem-22391	80	11	,	,	PUNCT
fbem-22391	80	12	allows	allow	VERB
fbem-22391	80	13	all	all	DET
fbem-22391	80	14	participants	participant	NOUN
fbem-22391	80	15	to	to	PART
fbem-22391	80	16	directly	directly	ADV
fbem-22391	80	17	participate	participate	VERB
fbem-22391	80	18	in	in	ADP
fbem-22391	80	19	the	the	DET
fbem-22391	80	20	verification	verification	NOUN
fbem-22391	80	21	and	and	CCONJ
fbem-22391	80	22	recording	recording	NOUN
fbem-22391	80	23	of	of	ADP
fbem-22391	80	24	transactions	transaction	NOUN
fbem-22391	80	25	,	,	PUNCT
fbem-22391	80	26	without	without	ADP
fbem-22391	80	27	the	the	DET
fbem-22391	80	28	need	need	NOUN
fbem-22391	80	29	for	for	ADP
fbem-22391	80	30	third	third	ADJ
fbem-22391	80	31	parties	party	NOUN
fbem-22391	80	32	,	,	PUNCT
fbem-22391	80	33	thereby	thereby	ADV
fbem-22391	80	34	improving	improve	VERB
fbem-22391	80	35	the	the	DET
fbem-22391	80	36	transparency	transparency	NOUN
fbem-22391	80	37	and	and	CCONJ
fbem-22391	80	38	fairness	fairness	NOUN
fbem-22391	80	39	of	of	ADP
fbem-22391	80	40	transactions	transaction	NOUN
fbem-22391	80	41	.	.	PUNCT
fbem-22391	81	1	the	the	DET
fbem-22391	81	2	key	key	NOUN
fbem-22391	81	3	to	to	ADP
fbem-22391	81	4	the	the	DET
fbem-22391	81	5	widespread	widespread	ADJ
fbem-22391	81	6	attention	attention	NOUN
fbem-22391	81	7	garnered	garner	VERB
fbem-22391	81	8	by	by	ADP
fbem-22391	81	9	blockchain	blockchain	PROPN
fbem-22391	81	10	technology	technology	PROPN
fbem-22391	81	11	in	in	ADP
fbem-22391	81	12	numerous	numerous	ADJ
fbem-22391	81	13	fields	field	NOUN
fbem-22391	81	14	lies	lie	VERB
fbem-22391	81	15	in	in	ADP
fbem-22391	81	16	its	its	PRON
fbem-22391	81	17	unique	unique	ADJ
fbem-22391	81	18	advantages	advantage	NOUN
fbem-22391	81	19	.	.	PUNCT
fbem-22391	82	1	wang	wang	PROPN
fbem-22391	82	2	faming	faming	PROPN
fbem-22391	82	3	and	and	CCONJ
fbem-22391	82	4	zhu	zhu	PROPN
fbem-22391	82	5	meijuan	meijuan	NOUN
fbem-22391	83	1	[	[	X
fbem-22391	83	2	10	10	NUM
fbem-22391	83	3	]	]	PUNCT
fbem-22391	83	4	pointed	point	VERB
fbem-22391	83	5	out	out	ADP
fbem-22391	83	6	that	that	SCONJ
fbem-22391	83	7	the	the	DET
fbem-22391	83	8	main	main	ADJ
fbem-22391	83	9	advantages	advantage	NOUN
fbem-22391	83	10	of	of	ADP
fbem-22391	83	11	blockchain	blockchain	PROPN
fbem-22391	83	12	technology	technology	PROPN
fbem-22391	83	13	include	include	VERB
fbem-22391	83	14	decentralization	decentralization	NOUN
fbem-22391	83	15	,	,	PUNCT
fbem-22391	83	16	collective	collective	ADJ
fbem-22391	83	17	maintenance	maintenance	NOUN
fbem-22391	83	18	,	,	PUNCT
fbem-22391	83	19	security	security	NOUN
fbem-22391	83	20	,	,	PUNCT
fbem-22391	83	21	traceability	traceability	NOUN
fbem-22391	83	22	,	,	PUNCT
fbem-22391	83	23	immutability	immutability	NOUN
fbem-22391	83	24	,	,	PUNCT
fbem-22391	83	25	and	and	CCONJ
fbem-22391	83	26	openness	openness	NOUN
fbem-22391	83	27	.	.	PUNCT
fbem-22391	84	1	the	the	DET
fbem-22391	84	2	core	core	NOUN
fbem-22391	84	3	advantage	advantage	NOUN
fbem-22391	84	4	of	of	ADP
fbem-22391	84	5	blockchain	blockchain	PROPN
fbem-22391	84	6	technology	technology	PROPN
fbem-22391	84	7	is	be	AUX
fbem-22391	84	8	decentralization	decentralization	NOUN
fbem-22391	84	9	,	,	PUNCT
fbem-22391	84	10	meaning	mean	VERB
fbem-22391	84	11	that	that	SCONJ
fbem-22391	84	12	the	the	DET
fbem-22391	84	13	entire	entire	ADJ
fbem-22391	84	14	network	network	NOUN
fbem-22391	84	15	lacks	lack	VERB
fbem-22391	84	16	a	a	DET
fbem-22391	84	17	central	central	ADJ
fbem-22391	84	18	core	core	NOUN
fbem-22391	84	19	system	system	NOUN
fbem-22391	84	20	,	,	PUNCT
fbem-22391	84	21	operating	operate	VERB
fbem-22391	84	22	on	on	ADP
fbem-22391	84	23	a	a	DET
fbem-22391	84	24	decentralized	decentralize	VERB
fbem-22391	84	25	distributed	distribute	VERB
fbem-22391	84	26	architecture	architecture	NOUN
fbem-22391	84	27	,	,	PUNCT
fbem-22391	84	28	thus	thus	ADV
fbem-22391	84	29	saving	save	VERB
fbem-22391	84	30	a	a	DET
fbem-22391	84	31	significant	significant	ADJ
fbem-22391	84	32	amount	amount	NOUN
fbem-22391	84	33	of	of	ADP
fbem-22391	84	34	intermediary	intermediary	ADJ
fbem-22391	84	35	costs	cost	NOUN
fbem-22391	84	36	in	in	ADP
fbem-22391	84	37	practical	practical	ADJ
fbem-22391	84	38	applications	application	NOUN
fbem-22391	84	39	.	.	PUNCT
fbem-22391	85	1	additionally	additionally	ADV
fbem-22391	85	2	,	,	PUNCT
fbem-22391	85	3	the	the	DET
fbem-22391	85	4	asymmetric	asymmetric	ADJ
fbem-22391	85	5	encryption	encryption	NOUN
fbem-22391	85	6	and	and	CCONJ
fbem-22391	85	7	consensus	consensus	NOUN
fbem-22391	85	8	algorithms	algorithm	NOUN
fbem-22391	85	9	of	of	ADP
fbem-22391	85	10	blockchain	blockchain	PROPN
fbem-22391	85	11	ensure	ensure	VERB
fbem-22391	85	12	the	the	DET
fbem-22391	85	13	security	security	NOUN
fbem-22391	85	14	,	,	PUNCT
fbem-22391	85	15	integrity	integrity	NOUN
fbem-22391	85	16	,	,	PUNCT
fbem-22391	85	17	and	and	CCONJ
fbem-22391	85	18	traceability	traceability	NOUN
fbem-22391	85	19	of	of	ADP
fbem-22391	85	20	data	datum	NOUN
fbem-22391	85	21	.	.	PUNCT
fbem-22391	86	1	regarding	regard	VERB
fbem-22391	86	2	the	the	DET
fbem-22391	86	3	openness	openness	NOUN
fbem-22391	86	4	of	of	ADP
fbem-22391	86	5	blockchain	blockchain	PROPN
fbem-22391	86	6	technology	technology	PROPN
fbem-22391	86	7	,	,	PUNCT
fbem-22391	86	8	lin	lin	PROPN
fbem-22391	86	9	xiaochi	xiaochi	PROPN
fbem-22391	86	10	et	et	PROPN
fbem-22391	86	11	al	al	PROPN
fbem-22391	86	12	.	.	PUNCT
fbem-22391	87	1	[	[	X
fbem-22391	87	2	11	11	NUM
fbem-22391	87	3	]	]	PUNCT
fbem-22391	87	4	believe	believe	VERB
fbem-22391	87	5	that	that	SCONJ
fbem-22391	87	6	aside	aside	ADV
fbem-22391	87	7	from	from	ADP
fbem-22391	87	8	the	the	DET
fbem-22391	87	9	information	information	NOUN
fbem-22391	87	10	of	of	ADP
fbem-22391	87	11	accounts	account	NOUN
fbem-22391	87	12	and	and	CCONJ
fbem-22391	87	13	transaction	transaction	NOUN
fbem-22391	87	14	parties	party	NOUN
fbem-22391	87	15	,	,	PUNCT
fbem-22391	87	16	the	the	DET
fbem-22391	87	17	remaining	remain	VERB
fbem-22391	87	18	data	datum	NOUN
fbem-22391	87	19	in	in	ADP
fbem-22391	87	20	the	the	DET
fbem-22391	87	21	blockchain	blockchain	NOUN
fbem-22391	87	22	system	system	NOUN
fbem-22391	87	23	is	be	AUX
fbem-22391	87	24	open	open	ADJ
fbem-22391	87	25	,	,	PUNCT
fbem-22391	87	26	allowing	allow	VERB
fbem-22391	87	27	anyone	anyone	PRON
fbem-22391	87	28	to	to	PART
fbem-22391	87	29	query	query	VERB
fbem-22391	87	30	data	datum	NOUN
fbem-22391	87	31	through	through	ADP
fbem-22391	87	32	public	public	ADJ
fbem-22391	87	33	interfaces	interface	NOUN
fbem-22391	87	34	,	,	PUNCT
fbem-22391	87	35	thereby	thereby	ADV
fbem-22391	87	36	ensuring	ensure	VERB
fbem-22391	87	37	the	the	DET
fbem-22391	87	38	transparency	transparency	NOUN
fbem-22391	87	39	of	of	ADP
fbem-22391	87	40	data	data	PROPN
fbem-22391	87	41	.	.	PUNCT
fbem-22391	88	1	in	in	ADP
fbem-22391	88	2	summary	summary	NOUN
fbem-22391	88	3	,	,	PUNCT
fbem-22391	88	4	the	the	DET
fbem-22391	88	5	unique	unique	ADJ
fbem-22391	88	6	series	series	NOUN
fbem-22391	88	7	of	of	ADP
fbem-22391	88	8	advantages	advantage	NOUN
fbem-22391	88	9	possessed	possess	VERB
fbem-22391	88	10	by	by	ADP
fbem-22391	88	11	blockchain	blockchain	PROPN
fbem-22391	88	12	technology	technology	PROPN
fbem-22391	88	13	enables	enable	VERB
fbem-22391	88	14	it	it	PRON
fbem-22391	88	15	to	to	PART
fbem-22391	88	16	be	be	AUX
fbem-22391	88	17	favored	favor	VERB
fbem-22391	88	18	in	in	ADP
fbem-22391	88	19	more	more	ADJ
fbem-22391	88	20	fields	field	NOUN
fbem-22391	88	21	in	in	ADP
fbem-22391	88	22	the	the	DET
fbem-22391	88	23	future	future	NOUN
fbem-22391	88	24	.	.	PUNCT
fbem-22391	89	1	its	its	PRON
fbem-22391	89	2	prospects	prospect	NOUN
fbem-22391	89	3	for	for	ADP
fbem-22391	89	4	development	development	NOUN
fbem-22391	89	5	and	and	CCONJ
fbem-22391	89	6	application	application	NOUN
fbem-22391	89	7	scope	scope	NOUN
fbem-22391	89	8	are	be	AUX
fbem-22391	89	9	expected	expect	VERB
fbem-22391	89	10	to	to	PART
fbem-22391	89	11	be	be	AUX
fbem-22391	89	12	more	more	ADV
fbem-22391	89	13	substantial	substantial	ADJ
fbem-22391	89	14	.	.	PUNCT
fbem-22391	90	1	blockchain	blockchain	PROPN
fbem-22391	90	2	technology	technology	PROPN
fbem-22391	90	3	has	have	AUX
fbem-22391	90	4	been	be	AUX
fbem-22391	90	5	applied	apply	VERB
fbem-22391	90	6	to	to	ADP
fbem-22391	90	7	various	various	ADJ
fbem-22391	90	8	application	application	NOUN
fbem-22391	90	9	scenarios	scenario	NOUN
fbem-22391	90	10	such	such	ADJ
fbem-22391	90	11	as	as	ADP
fbem-22391	90	12	transaction	transaction	NOUN
fbem-22391	90	13	settlement	settlement	NOUN
fbem-22391	90	14	in	in	ADP
fbem-22391	90	15	exchanges	exchange	NOUN
fbem-22391	90	16	.	.	PUNCT
fbem-22391	91	1	due	due	ADP
fbem-22391	91	2	to	to	ADP
fbem-22391	91	3	the	the	DET
fbem-22391	91	4	advantages	advantage	NOUN
fbem-22391	91	5	of	of	ADP
fbem-22391	91	6	multi	multi	ADJ
fbem-22391	91	7	-	-	ADJ
fbem-22391	91	8	party	party	ADJ
fbem-22391	91	9	participation	participation	NOUN
fbem-22391	91	10	,	,	PUNCT
fbem-22391	91	11	decentralization	decentralization	NOUN
fbem-22391	91	12	,	,	PUNCT
fbem-22391	91	13	and	and	CCONJ
fbem-22391	91	14	unalterability	unalterability	NOUN
fbem-22391	91	15	,	,	PUNCT
fbem-22391	91	16	blockchain	blockchain	PROPN
fbem-22391	91	17	technology	technology	PROPN
fbem-22391	91	18	not	not	PART
fbem-22391	91	19	only	only	ADV
fbem-22391	91	20	helps	help	VERB
fbem-22391	91	21	exchanges	exchange	NOUN
fbem-22391	91	22	optimize	optimize	VERB
fbem-22391	91	23	business	business	NOUN
fbem-22391	91	24	processes	process	NOUN
fbem-22391	91	25	and	and	CCONJ
fbem-22391	91	26	improve	improve	VERB
fbem-22391	91	27	collaboration	collaboration	NOUN
fbem-22391	91	28	efficiency	efficiency	NOUN
fbem-22391	91	29	,	,	PUNCT
fbem-22391	91	30	but	but	CCONJ
fbem-22391	91	31	also	also	ADV
fbem-22391	91	32	helps	help	VERB
fbem-22391	91	33	exchanges	exchange	NOUN
fbem-22391	91	34	strengthen	strengthen	VERB
fbem-22391	91	35	the	the	DET
fbem-22391	91	36	trusted	trust	VERB
fbem-22391	91	37	system	system	NOUN
fbem-22391	91	38	and	and	CCONJ
fbem-22391	91	39	promote	promote	VERB
fbem-22391	91	40	data	datum	NOUN
fbem-22391	91	41	sharing	sharing	NOUN
fbem-22391	91	42	.	.	PUNCT
fbem-22391	92	1	the	the	DET
fbem-22391	92	2	operation	operation	NOUN
fbem-22391	92	3	mode	mode	NOUN
fbem-22391	92	4	of	of	ADP
fbem-22391	92	5	exchanges	exchange	NOUN
fbem-22391	92	6	based	base	VERB
fbem-22391	92	7	on	on	ADP
fbem-22391	92	8	blockchain	blockchain	PROPN
fbem-22391	92	9	technology	technology	PROPN
fbem-22391	92	10	mainly	mainly	ADV
fbem-22391	92	11	includes	include	VERB
fbem-22391	92	12	securities	security	NOUN
fbem-22391	92	13	issuance	issuance	NOUN
fbem-22391	92	14	,	,	PUNCT
fbem-22391	92	15	derivative	derivative	ADJ
fbem-22391	92	16	listing	listing	NOUN
fbem-22391	92	17	,	,	PUNCT
fbem-22391	92	18	trading	trading	NOUN
fbem-22391	92	19	,	,	PUNCT
fbem-22391	92	20	settlement	settlement	NOUN
fbem-22391	92	21	,	,	PUNCT
fbem-22391	92	22	custody	custody	NOUN
fbem-22391	92	23	,	,	PUNCT
fbem-22391	92	24	and	and	CCONJ
fbem-22391	92	25	other	other	ADJ
fbem-22391	92	26	scenarios	scenario	NOUN
fbem-22391	92	27	.	.	PUNCT
fbem-22391	93	1	from	from	ADP
fbem-22391	93	2	the	the	DET
fbem-22391	93	3	perspective	perspective	NOUN
fbem-22391	93	4	of	of	ADP
fbem-22391	93	5	transaction	transaction	NOUN
fbem-22391	93	6	flow	flow	NOUN
fbem-22391	93	7	,	,	PUNCT
fbem-22391	93	8	the	the	DET
fbem-22391	93	9	application	application	NOUN
fbem-22391	93	10	of	of	ADP
fbem-22391	93	11	blockchain	blockchain	PROPN
fbem-22391	93	12	technology	technology	PROPN
fbem-22391	93	13	in	in	ADP
fbem-22391	93	14	exchanges	exchange	NOUN
fbem-22391	93	15	can	can	AUX
fbem-22391	93	16	be	be	AUX
fbem-22391	93	17	divided	divide	VERB
fbem-22391	93	18	into	into	ADP
fbem-22391	93	19	three	three	NUM
fbem-22391	93	20	stages	stage	NOUN
fbem-22391	93	21	:	:	PUNCT
fbem-22391	93	22	pre	pre	ADJ
fbem-22391	93	23	-	-	NOUN
fbem-22391	93	24	transaction	transaction	ADJ
fbem-22391	93	25	,	,	PUNCT
fbem-22391	93	26	during	during	ADP
fbem-22391	93	27	transaction	transaction	NOUN
fbem-22391	93	28	,	,	PUNCT
fbem-22391	93	29	and	and	CCONJ
fbem-22391	93	30	post	post	ADJ
fbem-22391	93	31	-	-	NOUN
fbem-22391	93	32	transaction	transaction	NOUN
fbem-22391	93	33	.	.	PUNCT
fbem-22391	94	1	secondly	secondly	ADV
fbem-22391	94	2	,	,	PUNCT
fbem-22391	94	3	the	the	DET
fbem-22391	94	4	application	application	NOUN
fbem-22391	94	5	of	of	ADP
fbem-22391	94	6	blockchain	blockchain	PROPN
fbem-22391	94	7	technology	technology	PROPN
fbem-22391	94	8	and	and	CCONJ
fbem-22391	94	9	smart	smart	ADJ
fbem-22391	94	10	contracts	contract	NOUN
fbem-22391	94	11	reduces	reduce	VERB
fbem-22391	94	12	the	the	DET
fbem-22391	94	13	cost	cost	NOUN
fbem-22391	94	14	and	and	CCONJ
fbem-22391	94	15	risk	risk	NOUN
fbem-22391	94	16	of	of	ADP
fbem-22391	94	17	financial	financial	ADJ
fbem-22391	94	18	transactions	transaction	NOUN
fbem-22391	94	19	.	.	PUNCT
fbem-22391	95	1	the	the	DET
fbem-22391	95	2	automated	automate	VERB
fbem-22391	95	3	execution	execution	NOUN
fbem-22391	95	4	feature	feature	NOUN
fbem-22391	95	5	of	of	ADP
fbem-22391	95	6	smart	smart	ADJ
fbem-22391	95	7	contracts	contract	NOUN
fbem-22391	95	8	reduces	reduce	VERB
fbem-22391	95	9	the	the	DET
fbem-22391	95	10	need	need	NOUN
fbem-22391	95	11	for	for	ADP
fbem-22391	95	12	human	human	ADJ
fbem-22391	95	13	intervention	intervention	NOUN
fbem-22391	95	14	,	,	PUNCT
fbem-22391	95	15	lowering	lower	VERB
fbem-22391	95	16	the	the	DET
fbem-22391	95	17	risk	risk	NOUN
fbem-22391	95	18	of	of	ADP
fbem-22391	95	19	operational	operational	ADJ
fbem-22391	95	20	errors	error	NOUN
fbem-22391	95	21	and	and	CCONJ
fbem-22391	95	22	fraudulent	fraudulent	ADJ
fbem-22391	95	23	behavior	behavior	NOUN
fbem-22391	95	24	.	.	PUNCT
fbem-22391	96	1	in	in	ADP
fbem-22391	96	2	addition	addition	NOUN
fbem-22391	96	3	,	,	PUNCT
fbem-22391	96	4	the	the	DET
fbem-22391	96	5	immutability	immutability	NOUN
fbem-22391	96	6	and	and	CCONJ
fbem-22391	96	7	decentralization	decentralization	NOUN
fbem-22391	96	8	of	of	ADP
fbem-22391	96	9	blockchain	blockchain	PROPN
fbem-22391	96	10	technology	technology	PROPN
fbem-22391	96	11	also	also	ADV
fbem-22391	96	12	reduce	reduce	VERB
fbem-22391	96	13	the	the	DET
fbem-22391	96	14	risk	risk	NOUN
fbem-22391	96	15	of	of	ADP
fbem-22391	96	16	transactions	transaction	NOUN
fbem-22391	96	17	being	be	AUX
fbem-22391	96	18	tampered	tamper	VERB
fbem-22391	96	19	with	with	ADP
fbem-22391	96	20	or	or	CCONJ
fbem-22391	96	21	manipulated	manipulate	VERB
fbem-22391	96	22	.	.	PUNCT
fbem-22391	97	1	moreover	moreover	ADV
fbem-22391	97	2	,	,	PUNCT
fbem-22391	97	3	the	the	DET
fbem-22391	97	4	application	application	NOUN
fbem-22391	97	5	of	of	ADP
fbem-22391	97	6	blockchain	blockchain	PROPN
fbem-22391	97	7	technology	technology	PROPN
fbem-22391	97	8	and	and	CCONJ
fbem-22391	97	9	smart	smart	ADJ
fbem-22391	97	10	contracts	contract	NOUN
fbem-22391	97	11	also	also	ADV
fbem-22391	97	12	promotes	promote	VERB
fbem-22391	97	13	innovation	innovation	NOUN
fbem-22391	97	14	in	in	ADP
fbem-22391	97	15	financial	financial	ADJ
fbem-22391	97	16	services	service	NOUN
fbem-22391	97	17	.	.	PUNCT
fbem-22391	98	1	by	by	ADP
fbem-22391	98	2	building	build	VERB
fbem-22391	98	3	a	a	DET
fbem-22391	98	4	decentralized	decentralize	VERB
fbem-22391	98	5	financial	financial	ADJ
fbem-22391	98	6	services	service	NOUN
fbem-22391	98	7	platform	platform	NOUN
fbem-22391	98	8	,	,	PUNCT
fbem-22391	98	9	it	it	PRON
fbem-22391	98	10	can	can	AUX
fbem-22391	98	11	provide	provide	VERB
fbem-22391	98	12	more	more	ADV
fbem-22391	98	13	convenient	convenient	ADJ
fbem-22391	98	14	and	and	CCONJ
fbem-22391	98	15	low	low	ADJ
fbem-22391	98	16	-	-	PUNCT
fbem-22391	98	17	cost	cost	NOUN
fbem-22391	98	18	financial	financial	ADJ
fbem-22391	98	19	services	service	NOUN
fbem-22391	98	20	for	for	ADP
fbem-22391	98	21	small	small	ADJ
fbem-22391	98	22	and	and	CCONJ
fbem-22391	98	23	micro	micro	ADJ
fbem-22391	98	24	enterprises	enterprise	NOUN
fbem-22391	98	25	and	and	CCONJ
fbem-22391	98	26	individuals	individual	NOUN
fbem-22391	98	27	.	.	PUNCT
fbem-22391	99	1	the	the	DET
fbem-22391	99	2	flexibility	flexibility	NOUN
fbem-22391	99	3	and	and	CCONJ
fbem-22391	99	4	programmability	programmability	NOUN
fbem-22391	99	5	of	of	ADP
fbem-22391	99	6	smart	smart	ADJ
fbem-22391	99	7	contracts	contract	NOUN
fbem-22391	99	8	also	also	ADV
fbem-22391	99	9	provide	provide	VERB
fbem-22391	99	10	more	more	ADJ
fbem-22391	99	11	possibilities	possibility	NOUN
fbem-22391	99	12	for	for	ADP
fbem-22391	99	13	the	the	DET
fbem-22391	99	14	innovation	innovation	NOUN
fbem-22391	99	15	of	of	ADP
fbem-22391	99	16	financial	financial	ADJ
fbem-22391	99	17	products	product	NOUN
fbem-22391	99	18	.	.	PUNCT
fbem-22391	100	1	4.2	4.2	NUM
fbem-22391	100	2	.	.	PUNCT
fbem-22391	101	1	contribute	contribute	VERB
fbem-22391	101	2	to	to	ADP
fbem-22391	101	3	enhancing	enhance	VERB
fbem-22391	101	4	regulatory	regulatory	ADJ
fbem-22391	101	5	oversight	oversight	NOUN
fbem-22391	101	6	in	in	ADP
fbem-22391	101	7	the	the	DET
fbem-22391	101	8	financial	financial	ADJ
fbem-22391	101	9	sector	sector	NOUN
fbem-22391	101	10	currently	currently	ADV
fbem-22391	101	11	,	,	PUNCT
fbem-22391	101	12	with	with	ADP
fbem-22391	101	13	the	the	DET
fbem-22391	101	14	continuous	continuous	ADJ
fbem-22391	101	15	integration	integration	NOUN
fbem-22391	101	16	and	and	CCONJ
fbem-22391	101	17	development	development	NOUN
fbem-22391	101	18	of	of	ADP
fbem-22391	101	19	china	china	PROPN
fbem-22391	101	20	's	's	PART
fbem-22391	101	21	financial	financial	ADJ
fbem-22391	101	22	sector	sector	NOUN
fbem-22391	101	23	,	,	PUNCT
fbem-22391	101	24	cross	cross	ADJ
fbem-22391	101	25	-	-	ADJ
fbem-22391	101	26	industry	industry	ADJ
fbem-22391	101	27	transactions	transaction	NOUN
fbem-22391	101	28	are	be	AUX
fbem-22391	101	29	becoming	become	VERB
fbem-22391	101	30	increasingly	increasingly	ADV
fbem-22391	101	31	frequent	frequent	ADJ
fbem-22391	101	32	,	,	PUNCT
fbem-22391	101	33	leading	lead	VERB
fbem-22391	101	34	to	to	ADP
fbem-22391	101	35	growing	grow	VERB
fbem-22391	101	36	regulatory	regulatory	ADJ
fbem-22391	101	37	challenges	challenge	NOUN
fbem-22391	101	38	.	.	PUNCT
fbem-22391	102	1	in	in	ADP
fbem-22391	102	2	response	response	NOUN
fbem-22391	102	3	to	to	ADP
fbem-22391	102	4	this	this	DET
fbem-22391	102	5	shift	shift	NOUN
fbem-22391	102	6	,	,	PUNCT
fbem-22391	102	7	he	he	PRON
fbem-22391	102	8	hongqing	hongqe	VERB
fbem-22391	102	9	[	[	X
fbem-22391	102	10	12	12	NUM
fbem-22391	102	11	]	]	PUNCT
fbem-22391	102	12	found	find	VERB
fbem-22391	102	13	that	that	SCONJ
fbem-22391	102	14	establishing	establish	VERB
fbem-22391	102	15	a	a	DET
fbem-22391	102	16	collaborative	collaborative	ADJ
fbem-22391	102	17	regulatory	regulatory	ADJ
fbem-22391	102	18	framework	framework	NOUN
fbem-22391	102	19	for	for	ADP
fbem-22391	102	20	financial	financial	ADJ
fbem-22391	102	21	market	market	NOUN
fbem-22391	102	22	behavior	behavior	NOUN
fbem-22391	102	23	supervision	supervision	NOUN
fbem-22391	102	24	and	and	CCONJ
fbem-22391	102	25	prudential	prudential	ADJ
fbem-22391	102	26	regulation	regulation	NOUN
fbem-22391	102	27	based	base	VERB
fbem-22391	102	28	on	on	ADP
fbem-22391	102	29	blockchain	blockchain	PROPN
fbem-22391	102	30	technology	technology	PROPN
fbem-22391	102	31	can	can	AUX
fbem-22391	102	32	effectively	effectively	ADV
fbem-22391	102	33	enhance	enhance	VERB
fbem-22391	102	34	the	the	DET
fbem-22391	102	35	efficiency	efficiency	NOUN
fbem-22391	102	36	of	of	ADP
fbem-22391	102	37	regulating	regulate	VERB
fbem-22391	102	38	mixed	mixed	ADJ
fbem-22391	102	39	-	-	PUNCT
fbem-22391	102	40	operations	operation	NOUN
fbem-22391	102	41	in	in	ADP
fbem-22391	102	42	the	the	DET
fbem-22391	102	43	financial	financial	ADJ
fbem-22391	102	44	sector	sector	NOUN
fbem-22391	102	45	and	and	CCONJ
fbem-22391	102	46	promote	promote	VERB
fbem-22391	102	47	effective	effective	ADJ
fbem-22391	102	48	competition	competition	NOUN
fbem-22391	102	49	in	in	ADP
fbem-22391	102	50	financial	financial	ADJ
fbem-22391	102	51	markets	market	NOUN
fbem-22391	102	52	.	.	PUNCT
fbem-22391	103	1	according	accord	VERB
fbem-22391	103	2	to	to	ADP
fbem-22391	103	3	hu	hu	PROPN
fbem-22391	103	4	qilei	qilei	PROPN
fbem-22391	103	5	[	[	X
fbem-22391	103	6	13	13	NUM
fbem-22391	103	7	]	]	PUNCT
fbem-22391	103	8	,	,	PUNCT
fbem-22391	103	9	in	in	ADP
fbem-22391	103	10	terms	term	NOUN
fbem-22391	103	11	of	of	ADP
fbem-22391	103	12	financial	financial	ADJ
fbem-22391	103	13	regulation	regulation	NOUN
fbem-22391	103	14	,	,	PUNCT
fbem-22391	103	15	the	the	DET
fbem-22391	103	16	traceability	traceability	NOUN
fbem-22391	103	17	and	and	CCONJ
fbem-22391	103	18	information	information	NOUN
fbem-22391	103	19	transparency	transparency	NOUN
fbem-22391	103	20	of	of	ADP
fbem-22391	103	21	blockchain	blockchain	PROPN
fbem-22391	103	22	technology	technology	PROPN
fbem-22391	103	23	can	can	AUX
fbem-22391	103	24	promptly	promptly	ADV
fbem-22391	103	25	capture	capture	VERB
fbem-22391	103	26	neglected	neglect	VERB
fbem-22391	103	27	transaction	transaction	NOUN
fbem-22391	103	28	rules	rule	NOUN
fbem-22391	103	29	and	and	CCONJ
fbem-22391	103	30	enterprises	enterprise	NOUN
fbem-22391	103	31	that	that	PRON
fbem-22391	103	32	violate	violate	VERB
fbem-22391	103	33	transaction	transaction	NOUN
fbem-22391	103	34	credibility	credibility	NOUN
fbem-22391	103	35	,	,	PUNCT
fbem-22391	103	36	and	and	CCONJ
fbem-22391	103	37	impose	impose	VERB
fbem-22391	103	38	corresponding	corresponding	ADJ
fbem-22391	103	39	penalties	penalty	NOUN
fbem-22391	103	40	,	,	PUNCT
fbem-22391	103	41	thus	thus	ADV
fbem-22391	103	42	contributing	contribute	VERB
fbem-22391	103	43	to	to	ADP
fbem-22391	103	44	the	the	DET
fbem-22391	103	45	maintenance	maintenance	NOUN
fbem-22391	103	46	of	of	ADP
fbem-22391	103	47	corporate	corporate	ADJ
fbem-22391	103	48	financial	financial	ADJ
fbem-22391	103	49	security	security	NOUN
fbem-22391	103	50	.	.	PUNCT
fbem-22391	104	1	zhou	zhou	PROPN
fbem-22391	104	2	qian	qian	PROPN
fbem-22391	105	1	[	[	X
fbem-22391	105	2	14	14	NUM
fbem-22391	105	3	]	]	PUNCT
fbem-22391	105	4	pointed	point	VERB
fbem-22391	105	5	out	out	ADP
fbem-22391	105	6	that	that	SCONJ
fbem-22391	105	7	with	with	ADP
fbem-22391	105	8	the	the	DET
fbem-22391	105	9	advancement	advancement	NOUN
fbem-22391	105	10	of	of	ADP
fbem-22391	105	11	"	"	PUNCT
fbem-22391	105	12	new	new	ADJ
fbem-22391	105	13	infrastructure	infrastructure	NOUN
fbem-22391	105	14	"	"	PUNCT
fbem-22391	105	15	in	in	ADP
fbem-22391	105	16	blockchain	blockchain	PROPN
fbem-22391	105	17	finance	finance	PROPN
fbem-22391	105	18	,	,	PUNCT
fbem-22391	105	19	the	the	DET
fbem-22391	105	20	methods	method	NOUN
fbem-22391	105	21	for	for	ADP
fbem-22391	105	22	regulating	regulate	VERB
fbem-22391	105	23	mixed	mixed	ADJ
fbem-22391	105	24	operations	operation	NOUN
fbem-22391	105	25	in	in	ADP
fbem-22391	105	26	the	the	DET
fbem-22391	105	27	financial	financial	ADJ
fbem-22391	105	28	industry	industry	NOUN
fbem-22391	105	29	will	will	AUX
fbem-22391	105	30	progress	progress	VERB
fbem-22391	105	31	rapidly	rapidly	ADV
fbem-22391	105	32	with	with	ADP
fbem-22391	105	33	technological	technological	ADJ
fbem-22391	105	34	advancements	advancement	NOUN
fbem-22391	105	35	,	,	PUNCT
fbem-22391	105	36	and	and	CCONJ
fbem-22391	105	37	regulatory	regulatory	ADJ
fbem-22391	105	38	information	information	NOUN
fbem-22391	105	39	will	will	AUX
fbem-22391	105	40	be	be	AUX
fbem-22391	105	41	shared	share	VERB
fbem-22391	105	42	in	in	ADP
fbem-22391	105	43	real	real	ADJ
fbem-22391	105	44	time	time	NOUN
fbem-22391	105	45	,	,	PUNCT
fbem-22391	105	46	overcoming	overcome	VERB
fbem-22391	105	47	the	the	DET
fbem-22391	105	48	problem	problem	NOUN
fbem-22391	105	49	of	of	ADP
fbem-22391	105	50	asymmetric	asymmetric	ADJ
fbem-22391	105	51	information	information	NOUN
fbem-22391	105	52	in	in	ADP
fbem-22391	105	53	traditional	traditional	ADJ
fbem-22391	105	54	financial	financial	ADJ
fbem-22391	105	55	regulation	regulation	NOUN
fbem-22391	105	56	.	.	PUNCT
fbem-22391	106	1	based	base	VERB
fbem-22391	106	2	on	on	ADP
fbem-22391	106	3	the	the	DET
fbem-22391	106	4	above	above	ADJ
fbem-22391	106	5	research	research	NOUN
fbem-22391	106	6	,	,	PUNCT
fbem-22391	106	7	it	it	PRON
fbem-22391	106	8	is	be	AUX
fbem-22391	106	9	evident	evident	ADJ
fbem-22391	106	10	that	that	SCONJ
fbem-22391	106	11	in	in	ADP
fbem-22391	106	12	the	the	DET
fbem-22391	106	13	digital	digital	ADJ
fbem-22391	106	14	395	395	NUM
fbem-22391	106	15	economy	economy	NOUN
fbem-22391	106	16	era	era	NOUN
fbem-22391	106	17	,	,	PUNCT
fbem-22391	106	18	blockchain	blockchain	NOUN
fbem-22391	106	19	,	,	PUNCT
fbem-22391	106	20	as	as	ADP
fbem-22391	106	21	an	an	DET
fbem-22391	106	22	important	important	ADJ
fbem-22391	106	23	component	component	NOUN
fbem-22391	106	24	of	of	ADP
fbem-22391	106	25	"	"	PUNCT
fbem-22391	106	26	new	new	ADJ
fbem-22391	106	27	infrastructure	infrastructure	NOUN
fbem-22391	106	28	,	,	PUNCT
fbem-22391	106	29	"	"	PUNCT
fbem-22391	106	30	with	with	ADP
fbem-22391	106	31	its	its	PRON
fbem-22391	106	32	inherent	inherent	ADJ
fbem-22391	106	33	traceability	traceability	NOUN
fbem-22391	106	34	and	and	CCONJ
fbem-22391	106	35	information	information	NOUN
fbem-22391	106	36	transparency	transparency	NOUN
fbem-22391	106	37	,	,	PUNCT
fbem-22391	106	38	can	can	AUX
fbem-22391	106	39	effectively	effectively	ADV
fbem-22391	106	40	streamline	streamline	VERB
fbem-22391	106	41	the	the	DET
fbem-22391	106	42	number	number	NOUN
fbem-22391	106	43	of	of	ADP
fbem-22391	106	44	regulatory	regulatory	ADJ
fbem-22391	106	45	agencies	agency	NOUN
fbem-22391	106	46	,	,	PUNCT
fbem-22391	106	47	reduce	reduce	VERB
fbem-22391	106	48	regulatory	regulatory	ADJ
fbem-22391	106	49	costs	cost	NOUN
fbem-22391	106	50	,	,	PUNCT
fbem-22391	106	51	achieve	achieve	VERB
fbem-22391	106	52	unified	unified	ADJ
fbem-22391	106	53	regulation	regulation	NOUN
fbem-22391	106	54	,	,	PUNCT
fbem-22391	106	55	fill	fill	VERB
fbem-22391	106	56	regulatory	regulatory	ADJ
fbem-22391	106	57	gaps	gap	NOUN
fbem-22391	106	58	,	,	PUNCT
fbem-22391	106	59	and	and	CCONJ
fbem-22391	106	60	thereby	thereby	ADV
fbem-22391	106	61	address	address	VERB
fbem-22391	106	62	the	the	DET
fbem-22391	106	63	longstanding	longstanding	ADJ
fbem-22391	106	64	regulatory	regulatory	ADJ
fbem-22391	106	65	challenges	challenge	NOUN
fbem-22391	106	66	that	that	PRON
fbem-22391	106	67	have	have	AUX
fbem-22391	106	68	plagued	plague	VERB
fbem-22391	106	69	china	china	PROPN
fbem-22391	106	70	's	's	PART
fbem-22391	106	71	financial	financial	ADJ
fbem-22391	106	72	industry	industry	NOUN
fbem-22391	106	73	,	,	PUNCT
fbem-22391	106	74	providing	provide	VERB
fbem-22391	106	75	technical	technical	ADJ
fbem-22391	106	76	support	support	NOUN
fbem-22391	106	77	for	for	ADP
fbem-22391	106	78	the	the	DET
fbem-22391	106	79	stable	stable	ADJ
fbem-22391	106	80	development	development	NOUN
fbem-22391	106	81	of	of	ADP
fbem-22391	106	82	the	the	DET
fbem-22391	106	83	country	country	NOUN
fbem-22391	106	84	's	's	PART
fbem-22391	106	85	financial	financial	ADJ
fbem-22391	106	86	sector	sector	NOUN
fbem-22391	106	87	.	.	PUNCT
fbem-22391	107	1	4.3	4.3	NUM
fbem-22391	107	2	.	.	PUNCT
fbem-22391	107	3	contribute	contribute	VERB
fbem-22391	107	4	to	to	ADP
fbem-22391	107	5	promoting	promote	VERB
fbem-22391	107	6	the	the	DET
fbem-22391	107	7	high	high	ADJ
fbem-22391	107	8	-	-	PUNCT
fbem-22391	107	9	quality	quality	NOUN
fbem-22391	107	10	development	development	NOUN
fbem-22391	107	11	of	of	ADP
fbem-22391	107	12	the	the	DET
fbem-22391	107	13	financial	financial	ADJ
fbem-22391	107	14	industry	industry	NOUN
fbem-22391	107	15	with	with	ADP
fbem-22391	107	16	the	the	DET
fbem-22391	107	17	advancement	advancement	NOUN
fbem-22391	107	18	of	of	ADP
fbem-22391	107	19	china	china	PROPN
fbem-22391	107	20	's	's	PART
fbem-22391	107	21	strategy	strategy	NOUN
fbem-22391	107	22	for	for	ADP
fbem-22391	107	23	high	high	ADJ
fbem-22391	107	24	-	-	PUNCT
fbem-22391	107	25	quality	quality	NOUN
fbem-22391	107	26	economic	economic	ADJ
fbem-22391	107	27	development	development	NOUN
fbem-22391	107	28	and	and	CCONJ
fbem-22391	107	29	the	the	DET
fbem-22391	107	30	deepening	deepening	NOUN
fbem-22391	107	31	of	of	ADP
fbem-22391	107	32	supply	supply	NOUN
fbem-22391	107	33	-	-	PUNCT
fbem-22391	107	34	side	side	NOUN
fbem-22391	107	35	structural	structural	ADJ
fbem-22391	107	36	reforms	reform	NOUN
fbem-22391	107	37	year	year	NOUN
fbem-22391	107	38	by	by	ADP
fbem-22391	107	39	year	year	NOUN
fbem-22391	107	40	,	,	PUNCT
fbem-22391	107	41	the	the	DET
fbem-22391	107	42	financial	financial	ADJ
fbem-22391	107	43	sector	sector	NOUN
fbem-22391	107	44	,	,	PUNCT
fbem-22391	107	45	as	as	ADP
fbem-22391	107	46	an	an	DET
fbem-22391	107	47	important	important	ADJ
fbem-22391	107	48	component	component	NOUN
fbem-22391	107	49	of	of	ADP
fbem-22391	107	50	the	the	DET
fbem-22391	107	51	modern	modern	ADJ
fbem-22391	107	52	economic	economic	ADJ
fbem-22391	107	53	system	system	NOUN
fbem-22391	107	54	,	,	PUNCT
fbem-22391	107	55	plays	play	VERB
fbem-22391	107	56	a	a	DET
fbem-22391	107	57	crucial	crucial	ADJ
fbem-22391	107	58	role	role	NOUN
fbem-22391	107	59	in	in	ADP
fbem-22391	107	60	resource	resource	NOUN
fbem-22391	107	61	allocation	allocation	NOUN
fbem-22391	107	62	and	and	CCONJ
fbem-22391	107	63	its	its	PRON
fbem-22391	107	64	development	development	NOUN
fbem-22391	107	65	efficiency	efficiency	NOUN
fbem-22391	107	66	directly	directly	ADV
fbem-22391	107	67	relates	relate	VERB
fbem-22391	107	68	to	to	ADP
fbem-22391	107	69	the	the	DET
fbem-22391	107	70	high	high	ADJ
fbem-22391	107	71	-	-	PUNCT
fbem-22391	107	72	quality	quality	NOUN
fbem-22391	107	73	development	development	NOUN
fbem-22391	107	74	of	of	ADP
fbem-22391	107	75	today	today	NOUN
fbem-22391	107	76	's	's	PART
fbem-22391	107	77	socio	socio	NOUN
fbem-22391	107	78	-	-	PUNCT
fbem-22391	107	79	economic	economic	ADJ
fbem-22391	107	80	landscape	landscape	NOUN
fbem-22391	107	81	.	.	PUNCT
fbem-22391	108	1	the	the	DET
fbem-22391	108	2	high	high	ADJ
fbem-22391	108	3	-	-	PUNCT
fbem-22391	108	4	quality	quality	NOUN
fbem-22391	108	5	development	development	NOUN
fbem-22391	108	6	of	of	ADP
fbem-22391	108	7	the	the	DET
fbem-22391	108	8	financial	financial	ADJ
fbem-22391	108	9	sector	sector	NOUN
fbem-22391	108	10	serves	serve	VERB
fbem-22391	108	11	as	as	ADP
fbem-22391	108	12	an	an	DET
fbem-22391	108	13	important	important	ADJ
fbem-22391	108	14	pathway	pathway	NOUN
fbem-22391	108	15	and	and	CCONJ
fbem-22391	108	16	strong	strong	ADJ
fbem-22391	108	17	support	support	NOUN
fbem-22391	108	18	for	for	ADP
fbem-22391	108	19	the	the	DET
fbem-22391	108	20	high	high	ADJ
fbem-22391	108	21	-	-	PUNCT
fbem-22391	108	22	quality	quality	NOUN
fbem-22391	108	23	development	development	NOUN
fbem-22391	108	24	of	of	ADP
fbem-22391	108	25	the	the	DET
fbem-22391	108	26	economy	economy	NOUN
fbem-22391	108	27	.	.	PUNCT
fbem-22391	109	1	technologies	technology	NOUN
fbem-22391	109	2	such	such	ADJ
fbem-22391	109	3	as	as	ADP
fbem-22391	109	4	smart	smart	ADJ
fbem-22391	109	5	contracts	contract	NOUN
fbem-22391	109	6	and	and	CCONJ
fbem-22391	109	7	consensus	consensus	NOUN
fbem-22391	109	8	mechanisms	mechanism	NOUN
fbem-22391	109	9	within	within	ADP
fbem-22391	109	10	blockchain	blockchain	PROPN
fbem-22391	109	11	technology	technology	PROPN
fbem-22391	109	12	can	can	AUX
fbem-22391	109	13	simplify	simplify	VERB
fbem-22391	109	14	transaction	transaction	NOUN
fbem-22391	109	15	processes	process	NOUN
fbem-22391	109	16	,	,	PUNCT
fbem-22391	109	17	reduce	reduce	VERB
fbem-22391	109	18	financial	financial	ADJ
fbem-22391	109	19	risks	risk	NOUN
fbem-22391	109	20	,	,	PUNCT
fbem-22391	109	21	and	and	CCONJ
fbem-22391	109	22	drive	drive	VERB
fbem-22391	109	23	the	the	DET
fbem-22391	109	24	high	high	ADJ
fbem-22391	109	25	-	-	PUNCT
fbem-22391	109	26	quality	quality	NOUN
fbem-22391	109	27	development	development	NOUN
fbem-22391	109	28	of	of	ADP
fbem-22391	109	29	the	the	DET
fbem-22391	109	30	financial	financial	ADJ
fbem-22391	109	31	industry	industry	NOUN
fbem-22391	109	32	.	.	PUNCT
fbem-22391	110	1	on	on	ADP
fbem-22391	110	2	one	one	NUM
fbem-22391	110	3	hand	hand	NOUN
fbem-22391	110	4	,	,	PUNCT
fbem-22391	110	5	smart	smart	ADJ
fbem-22391	110	6	contracts	contract	NOUN
fbem-22391	110	7	can	can	AUX
fbem-22391	110	8	streamline	streamline	VERB
fbem-22391	110	9	financial	financial	ADJ
fbem-22391	110	10	transaction	transaction	NOUN
fbem-22391	110	11	processes	process	NOUN
fbem-22391	110	12	,	,	PUNCT
fbem-22391	110	13	thereby	thereby	ADV
fbem-22391	110	14	providing	provide	VERB
fbem-22391	110	15	more	more	ADV
fbem-22391	110	16	efficient	efficient	ADJ
fbem-22391	110	17	and	and	CCONJ
fbem-22391	110	18	standardized	standardized	ADJ
fbem-22391	110	19	financial	financial	ADJ
fbem-22391	110	20	services	service	NOUN
fbem-22391	110	21	.	.	PUNCT
fbem-22391	111	1	currently	currently	ADV
fbem-22391	111	2	,	,	PUNCT
fbem-22391	111	3	manual	manual	ADJ
fbem-22391	111	4	processing	processing	NOUN
fbem-22391	111	5	of	of	ADP
fbem-22391	111	6	financial	financial	ADJ
fbem-22391	111	7	transaction	transaction	NOUN
fbem-22391	111	8	information	information	NOUN
fbem-22391	111	9	still	still	ADV
fbem-22391	111	10	dominates	dominate	VERB
fbem-22391	111	11	the	the	DET
fbem-22391	111	12	financial	financial	ADJ
fbem-22391	111	13	sector	sector	NOUN
fbem-22391	111	14	,	,	PUNCT
fbem-22391	111	15	adversely	adversely	ADV
fbem-22391	111	16	affecting	affect	VERB
fbem-22391	111	17	the	the	DET
fbem-22391	111	18	timeliness	timeliness	NOUN
fbem-22391	111	19	and	and	CCONJ
fbem-22391	111	20	efficiency	efficiency	NOUN
fbem-22391	111	21	of	of	ADP
fbem-22391	111	22	financial	financial	ADJ
fbem-22391	111	23	information	information	NOUN
fbem-22391	111	24	transmission	transmission	NOUN
fbem-22391	111	25	.	.	PUNCT
fbem-22391	112	1	the	the	DET
fbem-22391	112	2	use	use	NOUN
fbem-22391	112	3	of	of	ADP
fbem-22391	112	4	smart	smart	ADJ
fbem-22391	112	5	contracts	contract	NOUN
fbem-22391	112	6	and	and	CCONJ
fbem-22391	112	7	asymmetric	asymmetric	ADJ
fbem-22391	112	8	encryption	encryption	NOUN
fbem-22391	112	9	technology	technology	NOUN
fbem-22391	112	10	in	in	ADP
fbem-22391	112	11	blockchain	blockchain	PROPN
fbem-22391	112	12	digitizes	digitize	VERB
fbem-22391	112	13	market	market	NOUN
fbem-22391	112	14	transactions	transaction	NOUN
fbem-22391	112	15	,	,	PUNCT
fbem-22391	112	16	automates	automate	VERB
fbem-22391	112	17	contract	contract	NOUN
fbem-22391	112	18	execution	execution	NOUN
fbem-22391	112	19	,	,	PUNCT
fbem-22391	112	20	and	and	CCONJ
fbem-22391	112	21	enhances	enhance	VERB
fbem-22391	112	22	transaction	transaction	NOUN
fbem-22391	112	23	transparency	transparency	NOUN
fbem-22391	112	24	,	,	PUNCT
fbem-22391	112	25	effectively	effectively	ADV
fbem-22391	112	26	reducing	reduce	VERB
fbem-22391	112	27	transaction	transaction	NOUN
fbem-22391	112	28	costs	cost	NOUN
fbem-22391	112	29	,	,	PUNCT
fbem-22391	112	30	improving	improve	VERB
fbem-22391	112	31	transaction	transaction	NOUN
fbem-22391	112	32	efficiency	efficiency	NOUN
fbem-22391	112	33	,	,	PUNCT
fbem-22391	112	34	and	and	CCONJ
fbem-22391	112	35	propelling	propel	VERB
fbem-22391	112	36	the	the	DET
fbem-22391	112	37	high	high	ADJ
fbem-22391	112	38	-	-	PUNCT
fbem-22391	112	39	quality	quality	NOUN
fbem-22391	112	40	development	development	NOUN
fbem-22391	112	41	of	of	ADP
fbem-22391	112	42	the	the	DET
fbem-22391	112	43	financial	financial	ADJ
fbem-22391	112	44	industry	industry	NOUN
fbem-22391	112	45	.	.	PUNCT
fbem-22391	113	1	on	on	ADP
fbem-22391	113	2	the	the	DET
fbem-22391	113	3	other	other	ADJ
fbem-22391	113	4	hand	hand	NOUN
fbem-22391	113	5	,	,	PUNCT
fbem-22391	113	6	blockchain	blockchain	PROPN
fbem-22391	113	7	technology	technology	PROPN
fbem-22391	113	8	provides	provide	VERB
fbem-22391	113	9	strong	strong	ADJ
fbem-22391	113	10	technical	technical	ADJ
fbem-22391	113	11	support	support	NOUN
fbem-22391	113	12	for	for	ADP
fbem-22391	113	13	reducing	reduce	VERB
fbem-22391	113	14	financial	financial	ADJ
fbem-22391	113	15	risks	risk	NOUN
fbem-22391	113	16	.	.	PUNCT
fbem-22391	114	1	the	the	DET
fbem-22391	114	2	distributed	distribute	VERB
fbem-22391	114	3	ledger	ledger	NOUN
fbem-22391	114	4	and	and	CCONJ
fbem-22391	114	5	consensus	consensus	NOUN
fbem-22391	114	6	mechanism	mechanism	NOUN
fbem-22391	114	7	of	of	ADP
fbem-22391	114	8	blockchain	blockchain	PROPN
fbem-22391	114	9	can	can	AUX
fbem-22391	114	10	enhance	enhance	VERB
fbem-22391	114	11	the	the	DET
fbem-22391	114	12	transparency	transparency	NOUN
fbem-22391	114	13	of	of	ADP
fbem-22391	114	14	transaction	transaction	NOUN
fbem-22391	114	15	information	information	NOUN
fbem-22391	114	16	,	,	PUNCT
fbem-22391	114	17	ensuring	ensure	VERB
fbem-22391	114	18	the	the	DET
fbem-22391	114	19	security	security	NOUN
fbem-22391	114	20	and	and	CCONJ
fbem-22391	114	21	reliability	reliability	NOUN
fbem-22391	114	22	of	of	ADP
fbem-22391	114	23	transaction	transaction	NOUN
fbem-22391	114	24	data	datum	NOUN
fbem-22391	114	25	,	,	PUNCT
fbem-22391	114	26	thereby	thereby	ADV
fbem-22391	114	27	effectively	effectively	ADV
fbem-22391	114	28	reducing	reduce	VERB
fbem-22391	114	29	financial	financial	ADJ
fbem-22391	114	30	risks	risk	NOUN
fbem-22391	114	31	.	.	PUNCT
fbem-22391	115	1	research	research	NOUN
fbem-22391	115	2	by	by	ADP
fbem-22391	115	3	li	li	PROPN
fbem-22391	115	4	ruixue	ruixue	PROPN
fbem-22391	115	5	[	[	X
fbem-22391	115	6	15	15	NUM
fbem-22391	115	7	]	]	PUNCT
fbem-22391	115	8	has	have	AUX
fbem-22391	115	9	found	find	VERB
fbem-22391	115	10	that	that	SCONJ
fbem-22391	115	11	smart	smart	ADJ
fbem-22391	115	12	contracts	contract	NOUN
fbem-22391	115	13	,	,	PUNCT
fbem-22391	115	14	leveraging	leverage	VERB
fbem-22391	115	15	the	the	DET
fbem-22391	115	16	core	core	NOUN
fbem-22391	115	17	advantages	advantage	NOUN
fbem-22391	115	18	of	of	ADP
fbem-22391	115	19	decentralized	decentralized	ADJ
fbem-22391	115	20	blockchain	blockchain	NOUN
fbem-22391	115	21	and	and	CCONJ
fbem-22391	115	22	the	the	DET
fbem-22391	115	23	real	real	ADJ
fbem-22391	115	24	-	-	PUNCT
fbem-22391	115	25	time	time	NOUN
fbem-22391	115	26	visibility	visibility	NOUN
fbem-22391	115	27	of	of	ADP
fbem-22391	115	28	transaction	transaction	NOUN
fbem-22391	115	29	data	datum	NOUN
fbem-22391	115	30	,	,	PUNCT
fbem-22391	115	31	ensure	ensure	VERB
fbem-22391	115	32	decision	decision	NOUN
fbem-22391	115	33	consistency	consistency	NOUN
fbem-22391	115	34	,	,	PUNCT
fbem-22391	115	35	achieve	achieve	VERB
fbem-22391	115	36	credit	credit	NOUN
fbem-22391	115	37	data	datum	NOUN
fbem-22391	115	38	transparency	transparency	NOUN
fbem-22391	115	39	,	,	PUNCT
fbem-22391	115	40	and	and	CCONJ
fbem-22391	115	41	demonstrate	demonstrate	VERB
fbem-22391	115	42	positive	positive	ADJ
fbem-22391	115	43	effects	effect	NOUN
fbem-22391	115	44	in	in	ADP
fbem-22391	115	45	financial	financial	ADJ
fbem-22391	115	46	transaction	transaction	NOUN
fbem-22391	115	47	security	security	NOUN
fbem-22391	115	48	,	,	PUNCT
fbem-22391	115	49	financial	financial	ADJ
fbem-22391	115	50	democracy	democracy	NOUN
fbem-22391	115	51	,	,	PUNCT
fbem-22391	115	52	and	and	CCONJ
fbem-22391	115	53	financial	financial	ADJ
fbem-22391	115	54	transparency	transparency	NOUN
fbem-22391	115	55	.	.	PUNCT
fbem-22391	116	1	analysis	analysis	NOUN
fbem-22391	116	2	reveals	reveal	VERB
fbem-22391	116	3	that	that	SCONJ
fbem-22391	116	4	smart	smart	ADJ
fbem-22391	116	5	contracts	contract	NOUN
fbem-22391	116	6	,	,	PUNCT
fbem-22391	116	7	by	by	ADP
fbem-22391	116	8	transforming	transform	VERB
fbem-22391	116	9	trust	trust	NOUN
fbem-22391	116	10	mechanisms	mechanism	NOUN
fbem-22391	116	11	and	and	CCONJ
fbem-22391	116	12	accelerating	accelerate	VERB
fbem-22391	116	13	the	the	DET
fbem-22391	116	14	flow	flow	NOUN
fbem-22391	116	15	of	of	ADP
fbem-22391	116	16	credit	credit	NOUN
fbem-22391	116	17	value	value	NOUN
fbem-22391	116	18	,	,	PUNCT
fbem-22391	116	19	tightly	tightly	ADV
fbem-22391	116	20	integrate	integrate	VERB
fbem-22391	116	21	blockchain	blockchain	PROPN
fbem-22391	116	22	technology	technology	PROPN
fbem-22391	116	23	into	into	ADP
fbem-22391	116	24	financial	financial	ADJ
fbem-22391	116	25	scenarios	scenario	NOUN
fbem-22391	116	26	.	.	PUNCT
fbem-22391	117	1	smart	smart	ADJ
fbem-22391	117	2	contracts	contract	NOUN
fbem-22391	117	3	and	and	CCONJ
fbem-22391	117	4	asymmetric	asymmetric	ADJ
fbem-22391	117	5	encryption	encryption	NOUN
fbem-22391	117	6	technology	technology	NOUN
fbem-22391	117	7	can	can	AUX
fbem-22391	117	8	reduce	reduce	VERB
fbem-22391	117	9	the	the	DET
fbem-22391	117	10	costs	cost	NOUN
fbem-22391	117	11	and	and	CCONJ
fbem-22391	117	12	time	time	NOUN
fbem-22391	117	13	associated	associate	VERB
fbem-22391	117	14	with	with	ADP
fbem-22391	117	15	financial	financial	ADJ
fbem-22391	117	16	transactions	transaction	NOUN
fbem-22391	117	17	,	,	PUNCT
fbem-22391	117	18	enhancing	enhance	VERB
fbem-22391	117	19	the	the	DET
fbem-22391	117	20	operational	operational	ADJ
fbem-22391	117	21	efficiency	efficiency	NOUN
fbem-22391	117	22	of	of	ADP
fbem-22391	117	23	the	the	DET
fbem-22391	117	24	financial	financial	ADJ
fbem-22391	117	25	industry	industry	NOUN
fbem-22391	117	26	.	.	PUNCT
fbem-22391	118	1	the	the	DET
fbem-22391	118	2	consensus	consensus	NOUN
fbem-22391	118	3	mechanism	mechanism	NOUN
fbem-22391	118	4	and	and	CCONJ
fbem-22391	118	5	distributed	distribute	VERB
fbem-22391	118	6	ledger	ledger	NOUN
fbem-22391	118	7	system	system	NOUN
fbem-22391	118	8	provide	provide	VERB
fbem-22391	118	9	robust	robust	ADJ
fbem-22391	118	10	technical	technical	ADJ
fbem-22391	118	11	support	support	NOUN
fbem-22391	118	12	for	for	ADP
fbem-22391	118	13	reducing	reduce	VERB
fbem-22391	118	14	financial	financial	ADJ
fbem-22391	118	15	risks	risk	NOUN
fbem-22391	118	16	and	and	CCONJ
fbem-22391	118	17	driving	drive	VERB
fbem-22391	118	18	the	the	DET
fbem-22391	118	19	high	high	ADJ
fbem-22391	118	20	-	-	PUNCT
fbem-22391	118	21	quality	quality	NOUN
fbem-22391	118	22	development	development	NOUN
fbem-22391	118	23	of	of	ADP
fbem-22391	118	24	the	the	DET
fbem-22391	118	25	financial	financial	ADJ
fbem-22391	118	26	industry	industry	NOUN
fbem-22391	118	27	.	.	PUNCT
fbem-22391	119	1	5	5	X
fbem-22391	119	2	.	.	X
fbem-22391	119	3	conclusion	conclusion	VERB
fbem-22391	119	4	the	the	DET
fbem-22391	119	5	application	application	NOUN
fbem-22391	119	6	of	of	ADP
fbem-22391	119	7	blockchain	blockchain	PROPN
fbem-22391	119	8	technology	technology	PROPN
fbem-22391	119	9	and	and	CCONJ
fbem-22391	119	10	smart	smart	ADJ
fbem-22391	119	11	contracts	contract	NOUN
fbem-22391	119	12	brings	bring	VERB
fbem-22391	119	13	significant	significant	ADJ
fbem-22391	119	14	changes	change	NOUN
fbem-22391	119	15	and	and	CCONJ
fbem-22391	119	16	opportunities	opportunity	NOUN
fbem-22391	119	17	to	to	ADP
fbem-22391	119	18	the	the	DET
fbem-22391	119	19	financial	financial	ADJ
fbem-22391	119	20	industry	industry	NOUN
fbem-22391	119	21	.	.	PUNCT
fbem-22391	119	22	"	"	PUNCT
fbem-22391	120	1	they	they	PRON
fbem-22391	120	2	bring	bring	VERB
fbem-22391	120	3	many	many	ADJ
fbem-22391	120	4	advantages	advantage	NOUN
fbem-22391	120	5	to	to	ADP
fbem-22391	120	6	the	the	DET
fbem-22391	120	7	financial	financial	ADJ
fbem-22391	120	8	industry	industry	NOUN
fbem-22391	120	9	by	by	ADP
fbem-22391	120	10	improving	improve	VERB
fbem-22391	120	11	transparency	transparency	NOUN
fbem-22391	120	12	,	,	PUNCT
fbem-22391	120	13	reducing	reduce	VERB
fbem-22391	120	14	transaction	transaction	NOUN
fbem-22391	120	15	costs	cost	NOUN
fbem-22391	120	16	,	,	PUNCT
fbem-22391	120	17	and	and	CCONJ
fbem-22391	120	18	enhancing	enhance	VERB
fbem-22391	120	19	security	security	NOUN
fbem-22391	120	20	.	.	PUNCT
fbem-22391	121	1	from	from	ADP
fbem-22391	121	2	the	the	DET
fbem-22391	121	3	application	application	NOUN
fbem-22391	121	4	examples	example	NOUN
fbem-22391	121	5	in	in	ADP
fbem-22391	121	6	various	various	ADJ
fbem-22391	121	7	financial	financial	ADJ
fbem-22391	121	8	fields	field	NOUN
fbem-22391	121	9	such	such	ADJ
fbem-22391	121	10	as	as	ADP
fbem-22391	121	11	crossborder	crossborder	NOUN
fbem-22391	121	12	payments	payment	NOUN
fbem-22391	121	13	,	,	PUNCT
fbem-22391	121	14	supply	supply	NOUN
fbem-22391	121	15	chain	chain	NOUN
fbem-22391	121	16	finance	finance	NOUN
fbem-22391	121	17	,	,	PUNCT
fbem-22391	121	18	equity	equity	NOUN
fbem-22391	121	19	financing	financing	NOUN
fbem-22391	121	20	and	and	CCONJ
fbem-22391	121	21	securities	security	NOUN
fbem-22391	121	22	issuance	issuance	NOUN
fbem-22391	121	23	,	,	PUNCT
fbem-22391	121	24	and	and	CCONJ
fbem-22391	121	25	the	the	DET
fbem-22391	121	26	insurance	insurance	NOUN
fbem-22391	121	27	industry	industry	NOUN
fbem-22391	121	28	,	,	PUNCT
fbem-22391	121	29	the	the	DET
fbem-22391	121	30	application	application	NOUN
fbem-22391	121	31	of	of	ADP
fbem-22391	121	32	blockchain	blockchain	PROPN
fbem-22391	121	33	technology	technology	PROPN
fbem-22391	121	34	and	and	CCONJ
fbem-22391	121	35	smart	smart	ADJ
fbem-22391	121	36	contracts	contract	NOUN
fbem-22391	121	37	is	be	AUX
fbem-22391	121	38	gradually	gradually	ADV
fbem-22391	121	39	changing	change	VERB
fbem-22391	121	40	the	the	DET
fbem-22391	121	41	pattern	pattern	NOUN
fbem-22391	121	42	of	of	ADP
fbem-22391	121	43	the	the	DET
fbem-22391	121	44	financial	financial	ADJ
fbem-22391	121	45	industry	industry	NOUN
fbem-22391	121	46	,	,	PUNCT
fbem-22391	121	47	providing	provide	VERB
fbem-22391	121	48	more	more	ADJ
fbem-22391	121	49	possibilities	possibility	NOUN
fbem-22391	121	50	for	for	ADP
fbem-22391	121	51	financial	financial	ADJ
fbem-22391	121	52	services	service	NOUN
fbem-22391	121	53	.	.	PUNCT
fbem-22391	122	1	references	reference	NOUN
fbem-22391	122	2	[	[	X
fbem-22391	122	3	1	1	NUM
fbem-22391	122	4	]	]	X
fbem-22391	122	5	zhang	zhang	PROPN
fbem-22391	122	6	,	,	PUNCT
fbem-22391	122	7	c.	c.	PROPN
fbem-22391	122	8	,	,	PUNCT
fbem-22391	122	9	zhang	zhang	PROPN
fbem-22391	122	10	,	,	PUNCT
fbem-22391	122	11	y.	y.	PROPN
fbem-22391	122	12	,	,	PUNCT
fbem-22391	122	13	li	li	PROPN
fbem-22391	122	14	,	,	PUNCT
fbem-22391	122	15	x.	x.	PROPN
fbem-22391	122	16	,	,	PUNCT
fbem-22391	122	17	nie	nie	PROPN
fbem-22391	122	18	,	,	PUNCT
fbem-22391	122	19	t.	t.	PROPN
fbem-22391	122	20	,	,	PUNCT
fbem-22391	122	21	&	&	CCONJ
fbem-22391	122	22	yu	yu	PROPN
fbem-22391	122	23	,	,	PUNCT
fbem-22391	122	24	g.	g.	PROPN
fbem-22391	122	25	(	(	PUNCT
fbem-22391	122	26	2020	2020	NUM
fbem-22391	122	27	)	)	PUNCT
fbem-22391	122	28	.	.	PUNCT
fbem-22391	123	1	overview	overview	NOUN
fbem-22391	123	2	of	of	ADP
fbem-22391	123	3	new	new	ADJ
fbem-22391	123	4	blockchain	blockchain	PROPN
fbem-22391	123	5	technology	technology	PROPN
fbem-22391	123	6	:	:	PUNCT
fbem-22391	123	7	graph	graph	NOUN
fbem-22391	123	8	-	-	PUNCT
fbem-22391	123	9	based	base	VERB
fbem-22391	123	10	blockchain	blockchain	NOUN
fbem-22391	123	11	and	and	CCONJ
fbem-22391	123	12	partitioned	partition	VERB
fbem-22391	123	13	blockchain	blockchain	NOUN
fbem-22391	123	14	.	.	PUNCT
fbem-22391	124	1	computer	computer	NOUN
fbem-22391	124	2	science	science	NOUN
fbem-22391	124	3	,	,	PUNCT
fbem-22391	124	4	10	10	NUM
fbem-22391	124	5	,	,	PUNCT
fbem-22391	124	6	282	282	NUM
fbem-22391	124	7	-	-	SYM
fbem-22391	124	8	289	289	NUM
fbem-22391	124	9	.	.	PUNCT
fbem-22391	125	1	[	[	X
fbem-22391	125	2	2	2	NUM
fbem-22391	125	3	]	]	X
fbem-22391	125	4	guo	guo	PROPN
fbem-22391	125	5	,	,	PUNCT
fbem-22391	125	6	y.	y.	PROPN
fbem-22391	125	7	,	,	PUNCT
fbem-22391	125	8	&	&	CCONJ
fbem-22391	125	9	liang	liang	PROPN
fbem-22391	125	10	,	,	PUNCT
fbem-22391	125	11	c.	c.	PROPN
fbem-22391	125	12	(	(	PUNCT
fbem-22391	125	13	2016	2016	NUM
fbem-22391	125	14	)	)	PUNCT
fbem-22391	125	15	.	.	PUNCT
fbem-22391	126	1	blockchain	blockchain	PROPN
fbem-22391	126	2	application	application	NOUN
fbem-22391	126	3	and	and	CCONJ
fbem-22391	126	4	outlook	outlook	NOUN
fbem-22391	126	5	in	in	ADP
fbem-22391	126	6	the	the	DET
fbem-22391	126	7	banking	banking	NOUN
fbem-22391	126	8	industry	industry	NOUN
fbem-22391	126	9	.	.	PUNCT
fbem-22391	127	1	financial	financial	ADJ
fbem-22391	127	2	innovation	innovation	NOUN
fbem-22391	127	3	,	,	PUNCT
fbem-22391	127	4	2	2	X
fbem-22391	127	5	.	.	PUNCT
fbem-22391	128	1	[	[	X
fbem-22391	128	2	3	3	NUM
fbem-22391	128	3	]	]	X
fbem-22391	128	4	ali	ali	PROPN
fbem-22391	128	5	,	,	PUNCT
fbem-22391	128	6	o.	o.	PROPN
fbem-22391	128	7	,	,	PUNCT
fbem-22391	128	8	ally	ally	NOUN
fbem-22391	128	9	,	,	PUNCT
fbem-22391	128	10	m.	m.	NOUN
fbem-22391	128	11	,	,	PUNCT
fbem-22391	128	12	clutterbuck	clutterbuck	NOUN
fbem-22391	128	13	,	,	PUNCT
fbem-22391	128	14	p.	p.	NOUN
fbem-22391	128	15	,	,	PUNCT
fbem-22391	128	16	&	&	CCONJ
fbem-22391	128	17	dwivedi	dwivedi	PROPN
fbem-22391	128	18	,	,	PUNCT
fbem-22391	128	19	y.	y.	PROPN
fbem-22391	128	20	(	(	PUNCT
fbem-22391	128	21	2020	2020	NUM
fbem-22391	128	22	)	)	PUNCT
fbem-22391	128	23	.	.	PUNCT
fbem-22391	129	1	the	the	DET
fbem-22391	129	2	state	state	NOUN
fbem-22391	129	3	of	of	ADP
fbem-22391	129	4	play	play	NOUN
fbem-22391	129	5	of	of	ADP
fbem-22391	129	6	blockchain	blockchain	PROPN
fbem-22391	129	7	technology	technology	PROPN
fbem-22391	129	8	in	in	ADP
fbem-22391	129	9	the	the	DET
fbem-22391	129	10	financial	financial	ADJ
fbem-22391	129	11	services	service	NOUN
fbem-22391	129	12	sector	sector	NOUN
fbem-22391	129	13	:	:	PUNCT
fbem-22391	129	14	a	a	DET
fbem-22391	129	15	systematic	systematic	ADJ
fbem-22391	129	16	literature	literature	NOUN
fbem-22391	129	17	review	review	NOUN
fbem-22391	129	18	.	.	PUNCT
fbem-22391	130	1	int	int	NOUN
fbem-22391	130	2	.	.	PUNCT
fbem-22391	131	1	j.	j.	PROPN
fbem-22391	131	2	inf	inf	PROPN
fbem-22391	131	3	.	.	PROPN
fbem-22391	131	4	manag	manag	PROPN
fbem-22391	131	5	.	.	PROPN
fbem-22391	131	6	,	,	PUNCT
fbem-22391	131	7	54	54	NUM
fbem-22391	131	8	,	,	PUNCT
fbem-22391	131	9	102199	102199	NUM
fbem-22391	131	10	.	.	PUNCT
fbem-22391	132	1	[	[	X
fbem-22391	132	2	4	4	NUM
fbem-22391	132	3	]	]	X
fbem-22391	132	4	zhao	zhao	PROPN
fbem-22391	132	5	xiaohui	xiaohui	PROPN
fbem-22391	132	6	.	.	PUNCT
fbem-22391	133	1	(	(	PUNCT
fbem-22391	133	2	2022	2022	NUM
fbem-22391	133	3	)	)	PUNCT
fbem-22391	133	4	.	.	PUNCT
fbem-22391	134	1	research	research	NOUN
fbem-22391	134	2	on	on	ADP
fbem-22391	134	3	the	the	DET
fbem-22391	134	4	application	application	NOUN
fbem-22391	134	5	of	of	ADP
fbem-22391	134	6	blockchain	blockchain	PROPN
fbem-22391	134	7	technology	technology	PROPN
fbem-22391	134	8	in	in	ADP
fbem-22391	134	9	the	the	DET
fbem-22391	134	10	financial	financial	ADJ
fbem-22391	134	11	industry	industry	NOUN
fbem-22391	134	12	.	.	PUNCT
fbem-22391	135	1	fintech	fintech	NOUN
fbem-22391	135	2	era	era	NOUN
fbem-22391	135	3	,	,	PUNCT
fbem-22391	135	4	12	12	NUM
fbem-22391	135	5	,	,	PUNCT
fbem-22391	135	6	26	26	NUM
fbem-22391	135	7	-	-	SYM
fbem-22391	135	8	30	30	NUM
fbem-22391	135	9	.	.	PUNCT
fbem-22391	136	1	[	[	X
fbem-22391	136	2	5	5	NUM
fbem-22391	136	3	]	]	X
fbem-22391	136	4	wen	wen	PROPN
fbem-22391	136	5	,	,	PUNCT
fbem-22391	136	6	s.	s.	PROPN
fbem-22391	136	7	(	(	PUNCT
fbem-22391	136	8	2018	2018	NUM
fbem-22391	136	9	)	)	PUNCT
fbem-22391	136	10	.	.	PUNCT
fbem-22391	137	1	exploration	exploration	NOUN
fbem-22391	137	2	of	of	ADP
fbem-22391	137	3	the	the	DET
fbem-22391	137	4	application	application	NOUN
fbem-22391	137	5	prospects	prospect	NOUN
fbem-22391	137	6	of	of	ADP
fbem-22391	137	7	blockchain	blockchain	PROPN
fbem-22391	137	8	in	in	ADP
fbem-22391	137	9	the	the	DET
fbem-22391	137	10	field	field	NOUN
fbem-22391	137	11	of	of	ADP
fbem-22391	137	12	asset	asset	NOUN
fbem-22391	137	13	securitization	securitization	NOUN
fbem-22391	137	14	.	.	PUNCT
fbem-22391	138	1	bonds	bond	NOUN
fbem-22391	138	2	,	,	PUNCT
fbem-22391	138	3	03	03	NUM
fbem-22391	138	4	,	,	PUNCT
fbem-22391	138	5	56	56	NUM
fbem-22391	138	6	-	-	SYM
fbem-22391	138	7	60	60	NUM
fbem-22391	138	8	.	.	PUNCT
fbem-22391	139	1	[	[	X
fbem-22391	139	2	6	6	NUM
fbem-22391	139	3	]	]	X
fbem-22391	139	4	song	song	NOUN
fbem-22391	139	5	,	,	PUNCT
fbem-22391	139	6	h.	h.	PROPN
fbem-22391	139	7	,	,	PUNCT
fbem-22391	139	8	chen	chen	PROPN
fbem-22391	139	9	,	,	PUNCT
fbem-22391	139	10	s.	s.	PROPN
fbem-22391	139	11	,	,	PUNCT
fbem-22391	139	12	&	&	CCONJ
fbem-22391	139	13	yu	yu	PROPN
fbem-22391	139	14	,	,	PUNCT
fbem-22391	139	15	k.	k.	PROPN
fbem-22391	139	16	(	(	PUNCT
fbem-22391	139	17	2018	2018	NUM
fbem-22391	139	18	)	)	PUNCT
fbem-22391	139	19	.	.	PUNCT
fbem-22391	140	1	business	business	NOUN
fbem-22391	140	2	ecosystem	ecosystem	NOUN
fbem-22391	140	3	assistance	assistance	NOUN
fbem-22391	140	4	in	in	ADP
fbem-22391	140	5	enhancing	enhance	VERB
fbem-22391	140	6	the	the	DET
fbem-22391	140	7	funding	funding	NOUN
fbem-22391	140	8	flexibility	flexibility	NOUN
fbem-22391	140	9	of	of	ADP
fbem-22391	140	10	small	small	ADJ
fbem-22391	140	11	and	and	CCONJ
fbem-22391	140	12	medium	medium	ADJ
fbem-22391	140	13	-	-	PUNCT
fbem-22391	140	14	sized	sized	ADJ
fbem-22391	140	15	enterprises	enterprise	NOUN
fbem-22391	140	16	:	:	PUNCT
fbem-22391	140	17	the	the	DET
fbem-22391	140	18	regulatory	regulatory	ADJ
fbem-22391	140	19	mechanism	mechanism	NOUN
fbem-22391	140	20	of	of	ADP
fbem-22391	140	21	the	the	DET
fbem-22391	140	22	ecosystem	ecosystem	NOUN
fbem-22391	140	23	.	.	PUNCT
fbem-22391	141	1	nankai	nankai	PROPN
fbem-22391	141	2	management	management	PROPN
fbem-22391	141	3	review	review	PROPN
fbem-22391	141	4	,	,	PUNCT
fbem-22391	141	5	03	03	NUM
fbem-22391	141	6	,	,	PUNCT
fbem-22391	141	7	11	11	NUM
fbem-22391	141	8	-	-	SYM
fbem-22391	141	9	22	22	NUM
fbem-22391	141	10	+	+	NOUN
fbem-22391	141	11	34	34	NUM
fbem-22391	141	12	.	.	PUNCT
fbem-22391	142	1	[	[	X
fbem-22391	142	2	7	7	NUM
fbem-22391	142	3	]	]	X
fbem-22391	142	4	ling	ling	PROPN
fbem-22391	142	5	,	,	PUNCT
fbem-22391	142	6	r.	r.	PROPN
fbem-22391	142	7	,	,	PUNCT
fbem-22391	142	8	pan	pan	PROPN
fbem-22391	142	9	,	,	PUNCT
fbem-22391	142	10	a.	a.	PROPN
fbem-22391	142	11	,	,	PUNCT
fbem-22391	142	12	&	&	CCONJ
fbem-22391	142	13	li	li	PROPN
fbem-22391	142	14	,	,	PUNCT
fbem-22391	142	15	b.	b.	PROPN
fbem-22391	142	16	(	(	PUNCT
fbem-22391	142	17	2021	2021	NUM
fbem-22391	142	18	)	)	PUNCT
fbem-22391	142	19	.	.	PUNCT
fbem-22391	143	1	can	can	AUX
fbem-22391	143	2	supply	supply	VERB
fbem-22391	143	3	chain	chain	NOUN
fbem-22391	143	4	finance	finance	NOUN
fbem-22391	143	5	enhance	enhance	VERB
fbem-22391	143	6	enterprise	enterprise	NOUN
fbem-22391	143	7	innovation	innovation	NOUN
fbem-22391	143	8	level	level	NOUN
fbem-22391	143	9	?	?	PUNCT
fbem-22391	144	1	financial	financial	ADJ
fbem-22391	144	2	research	research	NOUN
fbem-22391	144	3	,	,	PUNCT
fbem-22391	144	4	02	02	NUM
fbem-22391	144	5	,	,	PUNCT
fbem-22391	144	6	64	64	NUM
fbem-22391	144	7	-	-	SYM
fbem-22391	144	8	78	78	NUM
fbem-22391	144	9	.	.	PUNCT
fbem-22391	145	1	doi:10.16538	doi:10.16538	NOUN
fbem-22391	145	2	/	/	SYM
fbem-22391	145	3	j.cnki.jfe.20200816.201	j.cnki.jfe.20200816.201	NOUN
fbem-22391	145	4	.	.	PUNCT
fbem-22391	146	1	[	[	X
fbem-22391	146	2	8	8	NUM
fbem-22391	146	3	]	]	X
fbem-22391	146	4	joshua	joshua	PROPN
fbem-22391	146	5	,	,	PUNCT
fbem-22391	146	6	a.	a.	NOUN
fbem-22391	146	7	t.	t.	PROPN
fbem-22391	146	8	(	(	PUNCT
fbem-22391	146	9	2014	2014	NUM
fbem-22391	146	10	)	)	PUNCT
fbem-22391	146	11	.	.	PUNCT
fbem-22391	147	1	smart	smart	ADJ
fbem-22391	147	2	contracts	contract	NOUN
fbem-22391	147	3	,	,	PUNCT
fbem-22391	147	4	bitcoin	bitcoin	NOUN
fbem-22391	147	5	bots	bot	NOUN
fbem-22391	147	6	,	,	PUNCT
fbem-22391	147	7	and	and	CCONJ
fbem-22391	147	8	consumer	consumer	NOUN
fbem-22391	147	9	protection	protection	NOUN
fbem-22391	147	10	.	.	PUNCT
fbem-22391	148	1	washington	washington	PROPN
fbem-22391	148	2	and	and	CCONJ
fbem-22391	148	3	lee	lee	PROPN
fbem-22391	148	4	law	law	PROPN
fbem-22391	148	5	review	review	PROPN
fbem-22391	148	6	,	,	PUNCT
fbem-22391	148	7	71(2	71(2	NUM
fbem-22391	148	8	)	)	PUNCT
fbem-22391	148	9	,	,	PUNCT
fbem-22391	148	10	36	36	NUM
fbem-22391	148	11	-	-	SYM
fbem-22391	148	12	38	38	NUM
fbem-22391	148	13	.	.	PUNCT
fbem-22391	149	1	[	[	X
fbem-22391	149	2	9	9	NUM
fbem-22391	149	3	]	]	PUNCT
fbem-22391	149	4	dtcc	dtcc	NOUN
fbem-22391	149	5	.	.	PUNCT
fbem-22391	150	1	(	(	PUNCT
fbem-22391	150	2	2016	2016	NUM
fbem-22391	150	3	)	)	PUNCT
fbem-22391	150	4	.	.	PUNCT
fbem-22391	151	1	embracing	embrace	VERB
fbem-22391	151	2	disruption	disruption	NOUN
fbem-22391	151	3	:	:	PUNCT
fbem-22391	151	4	tapping	tap	VERB
fbem-22391	151	5	the	the	DET
fbem-22391	151	6	potential	potential	NOUN
fbem-22391	151	7	of	of	ADP
fbem-22391	151	8	distributed	distribute	VERB
fbem-22391	151	9	ledgers	ledger	NOUN
fbem-22391	151	10	to	to	PART
fbem-22391	151	11	improve	improve	VERB
fbem-22391	151	12	the	the	DET
fbem-22391	151	13	post	post	ADJ
fbem-22391	151	14	-	-	ADJ
fbem-22391	151	15	trade	trade	ADJ
fbem-22391	151	16	landscape	landscape	NOUN
fbem-22391	151	17	.	.	PUNCT
fbem-22391	152	1	white	white	ADJ
fbem-22391	152	2	paper	paper	NOUN
fbem-22391	152	3	.	.	PUNCT
fbem-22391	153	1	[	[	X
fbem-22391	153	2	10	10	NUM
fbem-22391	153	3	]	]	X
fbem-22391	153	4	wang	wang	PROPN
fbem-22391	153	5	,	,	PUNCT
fbem-22391	153	6	f.	f.	PROPN
fbem-22391	153	7	,	,	PUNCT
fbem-22391	153	8	&	&	CCONJ
fbem-22391	153	9	zhu	zhu	PROPN
fbem-22391	153	10	,	,	PUNCT
fbem-22391	153	11	m.	m.	NOUN
fbem-22391	153	12	(	(	PUNCT
fbem-22391	153	13	2017	2017	NUM
fbem-22391	153	14	)	)	PUNCT
fbem-22391	153	15	.	.	PUNCT
fbem-22391	154	1	a	a	DET
fbem-22391	154	2	bibliometric	bibliometric	ADJ
fbem-22391	154	3	analysis	analysis	NOUN
fbem-22391	154	4	of	of	ADP
fbem-22391	154	5	domestic	domestic	ADJ
fbem-22391	154	6	blockchain	blockchain	PROPN
fbem-22391	154	7	research	research	NOUN
fbem-22391	154	8	hotspots	hotspot	NOUN
fbem-22391	154	9	.	.	PUNCT
fbem-22391	155	1	journal	journal	NOUN
fbem-22391	155	2	of	of	ADP
fbem-22391	155	3	intelligence	intelligence	NOUN
fbem-22391	155	4	,	,	PUNCT
fbem-22391	155	5	2017(12	2017(12	NUM
fbem-22391	155	6	)	)	PUNCT
fbem-22391	155	7	,	,	PUNCT
fbem-22391	155	8	69	69	NUM
fbem-22391	155	9	-	-	SYM
fbem-22391	155	10	74	74	NUM
fbem-22391	155	11	.	.	PUNCT
fbem-22391	156	1	[	[	X
fbem-22391	156	2	11	11	NUM
fbem-22391	156	3	]	]	X
fbem-22391	156	4	lin	lin	PROPN
fbem-22391	156	5	,	,	PUNCT
fbem-22391	156	6	x.	x.	PROPN
fbem-22391	156	7	,	,	PUNCT
fbem-22391	156	8	&	&	CCONJ
fbem-22391	156	9	hu	hu	PROPN
fbem-22391	156	10	,	,	PUNCT
fbem-22391	156	11	y.	y.	PROPN
fbem-22391	156	12	(	(	PUNCT
fbem-22391	156	13	2016	2016	NUM
fbem-22391	156	14	)	)	PUNCT
fbem-22391	156	15	.	.	PUNCT
fbem-22391	157	1	a	a	DET
fbem-22391	157	2	review	review	NOUN
fbem-22391	157	3	of	of	ADP
fbem-22391	157	4	blockchain	blockchain	PROPN
fbem-22391	157	5	technology	technology	PROPN
fbem-22391	157	6	research	research	NOUN
fbem-22391	157	7	.	.	PUNCT
fbem-22391	158	1	financial	financial	ADJ
fbem-22391	158	2	market	market	NOUN
fbem-22391	158	3	research	research	NOUN
fbem-22391	158	4	,	,	PUNCT
fbem-22391	158	5	2016(2	2016(2	NUM
fbem-22391	158	6	)	)	PUNCT
fbem-22391	158	7	,	,	PUNCT
fbem-22391	158	8	97	97	NUM
fbem-22391	158	9	-	-	SYM
fbem-22391	158	10	109	109	NUM
fbem-22391	158	11	.	.	PUNCT
fbem-22391	159	1	[	[	X
fbem-22391	159	2	12	12	NUM
fbem-22391	159	3	]	]	PUNCT
fbem-22391	159	4	he	he	PRON
fbem-22391	159	5	,	,	PUNCT
fbem-22391	159	6	h.	h.	PROPN
fbem-22391	159	7	(	(	PUNCT
fbem-22391	159	8	2021	2021	NUM
fbem-22391	159	9	)	)	PUNCT
fbem-22391	159	10	.	.	PUNCT
fbem-22391	160	1	blockchain	blockchain	NOUN
fbem-22391	160	2	-	-	PUNCT
fbem-22391	160	3	driven	drive	VERB
fbem-22391	160	4	high	high	ADJ
fbem-22391	160	5	-	-	PUNCT
fbem-22391	160	6	quality	quality	NOUN
fbem-22391	160	7	development	development	NOUN
fbem-22391	160	8	of	of	ADP
fbem-22391	160	9	digital	digital	ADJ
fbem-22391	160	10	finance	finance	NOUN
fbem-22391	160	11	:	:	PUNCT
fbem-22391	160	12	advantages	advantage	NOUN
fbem-22391	160	13	,	,	PUNCT
fbem-22391	160	14	dilemmas	dilemma	NOUN
fbem-22391	160	15	,	,	PUNCT
fbem-22391	160	16	and	and	CCONJ
fbem-22391	160	17	pathways	pathway	NOUN
fbem-22391	160	18	.	.	PUNCT
fbem-22391	161	1	lanzhou	lanzhou	PROPN
fbem-22391	161	2	journal	journal	PROPN
fbem-22391	161	3	,	,	PUNCT
fbem-22391	161	4	2021(1	2021(1	NUM
fbem-22391	161	5	)	)	PUNCT
fbem-22391	161	6	,	,	PUNCT
fbem-22391	161	7	11	11	NUM
fbem-22391	161	8	-	-	SYM
fbem-22391	161	9	24	24	NUM
fbem-22391	161	10	.	.	PUNCT
fbem-22391	162	1	[	[	X
fbem-22391	162	2	13	13	NUM
fbem-22391	162	3	]	]	SYM
fbem-22391	162	4	hu	hu	PROPN
fbem-22391	162	5	,	,	PUNCT
fbem-22391	162	6	q.	q.	PROPN
fbem-22391	162	7	(	(	PUNCT
fbem-22391	162	8	2019	2019	NUM
fbem-22391	162	9	)	)	PUNCT
fbem-22391	162	10	.	.	PUNCT
fbem-22391	163	1	research	research	NOUN
fbem-22391	163	2	on	on	ADP
fbem-22391	163	3	the	the	DET
fbem-22391	163	4	application	application	NOUN
fbem-22391	163	5	of	of	ADP
fbem-22391	163	6	blockchain	blockchain	PROPN
fbem-22391	163	7	technology	technology	PROPN
fbem-22391	163	8	in	in	ADP
fbem-22391	163	9	the	the	DET
fbem-22391	163	10	financial	financial	ADJ
fbem-22391	163	11	field	field	NOUN
fbem-22391	163	12	:	:	PUNCT
fbem-22391	163	13	based	base	VERB
fbem-22391	163	14	on	on	ADP
fbem-22391	163	15	the	the	DET
fbem-22391	163	16	perspective	perspective	NOUN
fbem-22391	163	17	of	of	ADP
fbem-22391	163	18	"	"	PUNCT
fbem-22391	163	19	one	one	NUM
fbem-22391	163	20	belt	belt	NOUN
fbem-22391	163	21	,	,	PUNCT
fbem-22391	163	22	one	one	NUM
fbem-22391	163	23	road	road	NOUN
fbem-22391	163	24	"	"	PUNCT
fbem-22391	163	25	.	.	PUNCT
fbem-22391	164	1	friend	friend	NOUN
fbem-22391	164	2	of	of	ADP
fbem-22391	164	3	accounting	accounting	NOUN
fbem-22391	164	4	,	,	PUNCT
fbem-22391	164	5	2019(5	2019(5	NUM
fbem-22391	164	6	)	)	PUNCT
fbem-22391	164	7	,	,	PUNCT
fbem-22391	164	8	151	151	NUM
fbem-22391	164	9	-	-	SYM
fbem-22391	164	10	156	156	NUM
fbem-22391	164	11	.	.	PUNCT
fbem-22391	165	1	[	[	X
fbem-22391	165	2	14	14	NUM
fbem-22391	165	3	]	]	X
fbem-22391	165	4	zhou	zhou	PROPN
fbem-22391	165	5	,	,	PUNCT
fbem-22391	165	6	q.	q.	PROPN
fbem-22391	165	7	(	(	PUNCT
fbem-22391	165	8	2020	2020	NUM
fbem-22391	165	9	)	)	PUNCT
fbem-22391	165	10	.	.	PUNCT
fbem-22391	166	1	discussion	discussion	NOUN
fbem-22391	166	2	on	on	ADP
fbem-22391	166	3	blockchain	blockchain	PROPN
fbem-22391	166	4	finance	finance	PROPN
fbem-22391	166	5	and	and	CCONJ
fbem-22391	166	6	legal	legal	ADJ
fbem-22391	166	7	supervision	supervision	NOUN
fbem-22391	166	8	.	.	PUNCT
fbem-22391	167	1	journal	journal	NOUN
fbem-22391	167	2	of	of	ADP
fbem-22391	167	3	social	social	ADJ
fbem-22391	167	4	sciences	sciences	PROPN
fbem-22391	167	5	of	of	ADP
fbem-22391	167	6	shanxi	shanxi	PROPN
fbem-22391	167	7	university	university	PROPN
fbem-22391	167	8	,	,	PUNCT
fbem-22391	167	9	2020(11	2020(11	NUM
fbem-22391	167	10	)	)	PUNCT
fbem-22391	167	11	,	,	PUNCT
fbem-22391	167	12	50	50	NUM
fbem-22391	167	13	-	-	SYM
fbem-22391	167	14	54	54	NUM
fbem-22391	167	15	.	.	PUNCT
fbem-22391	168	1	[	[	X
fbem-22391	168	2	15	15	NUM
fbem-22391	168	3	]	]	X
fbem-22391	168	4	li	li	PROPN
fbem-22391	168	5	,	,	PUNCT
fbem-22391	168	6	r.	r.	PROPN
fbem-22391	168	7	(	(	PUNCT
fbem-22391	168	8	2020	2020	NUM
fbem-22391	168	9	)	)	PUNCT
fbem-22391	168	10	.	.	PUNCT
fbem-22391	168	11	application	application	NOUN
fbem-22391	168	12	and	and	CCONJ
fbem-22391	168	13	governance	governance	NOUN
fbem-22391	168	14	research	research	NOUN
fbem-22391	168	15	of	of	ADP
fbem-22391	168	16	smart	smart	ADJ
fbem-22391	168	17	contracts	contract	NOUN
fbem-22391	168	18	in	in	ADP
fbem-22391	168	19	the	the	DET
fbem-22391	168	20	financial	financial	ADJ
fbem-22391	168	21	field	field	NOUN
fbem-22391	168	22	.	.	PUNCT
fbem-22391	169	1	lanzhou	lanzhou	PROPN
fbem-22391	169	2	journal	journal	PROPN
fbem-22391	169	3	,	,	PUNCT
fbem-22391	169	4	2020(6	2020(6	PROPN
fbem-22391	169	5	)	)	PUNCT
fbem-22391	169	6	,	,	PUNCT
fbem-22391	169	7	8594	8594	NUM
fbem-22391	169	8	.	.	PUNCT