The present invention provides a payment system based on blockchain technology, which is characterized in that it includes a transaction application module, an access module, a blockchain module, a connection module, and a channel module; wherein, the transaction application module and the access module , block chain module, connection module, and channel module are sequentially communicatively connected, and the connection module and the access module are communicably connected; all transactions are first placed through the merchant’s own transaction system to form a transaction request and submit In the payment system; the transaction request is transmitted to the channel module through the access module, the blockchain module, and the connection module in the payment system; the connection module is configured to: Monitor the transaction request on the blockchain module, send the monitored transaction request to the channel module, accept the transaction result returned by the channel module, and write the received transaction result into the blockchain module. The present invention facilitates the implementation of accurate, timely and multi-dimensional supervision.