Blockchain industry credit reference

1. 1. At the international summit on blockchain held from September 23 to 24, 2016, Ma Zhitao, vice president and chief information officer of Weizhong bank, disclosed that Weizhong bank and Huarui Bank jointly developed a blockchain application system, which can be used for the settlement and clearing of micro loan joint loans of the two banks. The system has been put into trial operation in September. After the introction of the blockchain system, because all information is recorded on the blockchain network and cannot be tampered with, the transaction process is accompanied by the liquidation process, which can complete real-time liquidation< On September 23, 2016, IBM and China UnionPay previewed the "inter-bank points exchange system using blockchain technology", which allows consumers to exchange bonus points across banks and platforms. The points of one bank can be exchanged for bonus points of other banks, and even for mileage of several airlines and supermarket rewards, The system can greatly improve the efficiency of bank points. Take the point exchange as an example. Traditionally, consumers take away goods after exchanging points, but merchants need to prove the user's points and settle accounts before they can finally complete the transaction. The blockchain can link all the credit perfectly. The original trust process and cost that rely on the third party can be removed, and the transaction is settlement
3. The central bank's blockchain digital bill trading platform
in early 2017, the people's Bank of China's blockchain based digital bill trading platform was successfully tested, and then the digital currency Research Institute of the central bank will be officially listed. The people's Bank of China has become the first central bank to study digital currency and its real application
the central bank's blockchain digital bill trading platform introces digital currency for settlement, which can realize the synchronous transfer of capital flow and information flow of digital bill transaction, so as to realize DVP bill settlement; At the same time, through the blockchain digital identity solution, the problem of repeated KYC authentication for users between different financial institutions is solved. You can learn more about it at bitMom

2. The entry threshold of virtual currency is the lowest, which is relatively reliable. Choose regular exchange hot currency or okex. Leverage trading of foreign exchange futures is very risky. The stock market is not perfect and has little investment value at present.

3. China's credit instry is mainly based on enterprise credit, while personal credit needs to be developed, and the overall market prospect is broad. China's enterprise credit development is early, and the market is relatively mature. By the end of 2016, there are about 137 enterprise credit reference institutions in China. Personal credit has not yet been put into market operation and the license has not been issued yet. Eight units, including Tencent credit, sesame credit, Qianhai credit, lakara credit, Zhongcheng credit, zhongchengxin credit, PENGYUAN credit and Hua credit, have participated in the personal credit pilot organized by the central bank. Private personal credit institutions can indirectly participate in the personal credit market through cooperation with banks and other financial institutions, but they can not directly publish personal credit reports. To obtain personal credit reports, they can only go through the central bank credit system. As of the end of June 2016, the central bank's credit reference center has included 21.2 million enterprises and other organizations and more than 900 million natural persons, of which only 5.77 million have credit records with 410 million natural persons. The data of Experian, a global credit giant, has covered 103 million enterprises and 890 million people in the world. Compared with the market demand and credit market scale of the United States, the future development space of China's credit market is huge

the emergence of blockchain technology has become a good medicine to understand the pain points of credit reference instry. Through the characteristics of authenticity, transparency and non tampering, blockchain technology can solve the problems of trust and data sharing between credit agencies, so as to solve the problems of data island and incomplete data. Through the establishment of an alliance chain, first of all, the problem of data right confirmation can be completely solved. In an alliance chain system, credit reference institutions, users, government departments, financial institutions and other relevant units in the chain can be added, and different access rights can be designed to ensure the ownership of data, open up information sharing, and protect data security from theft and leakage

on this basis, the channels for credit agencies to obtain data are greatly widened, which can save the cost of data collection; At the same time, the cooperation between different organizations has become more smooth, recing the cost of cooperation and communication. Credit agencies can put the saved costs into other links to improve the overall quality of procts<

the Xueshuo innovation blockchain Technology Workstation of Lianqiao ecation online is the only approved "blockchain Technology Specialty" pilot workstation of "smart learning workshop 2020 Xueshuo innovation workstation" launched by the school planning, construction and development center of the Ministry of ecation of China. Based on providing diversified growth paths for students, the professional station promotes the reform of the training mode of the combination of professional degree research, proction, learning and research, and constructs the applied and compound talent training system.

4. @ block chain God Tucao: a human account, can not be tampered with, can not be deleted, make complaints about Shuo yuan.

5. The blockchain itself does not evaluate anyone's credit, but only supports the deposit of transaction records, transaction data and information on the Internet. In other words, all the information stored on the blockchain is authentic and can be recognized by all the nodes in the network. On the one hand, it can ensure that the credit image of the credit informant can be relatively transparent, and that he is identified with it; For credit informants, the transparency of the working process can also be convincing. In this way, we can make the results of Internet credit investigation, rece differences and angle deviation, and more accurately apply to some specific transaction process. In addition, the high credibility of the credit results will make the cost of breaking the law higher.

6. I believe you all have some experience in borrowing money from banks or P2P platforms. The credit card we use most often is actually a way of borrowing money. Anyone who has lending experience knows that credit reference is the evaluation basis of a person in the lending platform or bank. The amount of your loan is linked to credit reference. According to the survey, in recent years, China's credit scale and credit population scale continued to grow. By the end of 2016, the credit scale was 112.1 trillion, which was 5.7 trillion lower than that in June; The growth of credit population is only 410 million, with a penetration rate of nearly 30%. Compared with the penetration rate of more than 80% in the United States in the same period, there is still great room for development. It is not difficult to see from the data that the scale of credit is showing a trend of graal growth. Similarly, it means the huge demand and important role of the credit information platform in this
any reception platform needs the basis of credit investigation to make loans to borrowers, but for the lending platform, it is often difficult to make a comprehensive and accurate judgment on the credit investigation degree of new users, which virtually increases the bad debt rate of the platform. BST is well aware of the current pain points in the credit instry. On the one hand, ordinary users cannot obtain their own credit information from the central bank; on the other hand, the lending platform needs to spend a lot of manpower and material resources to conct a comprehensive credit evaluation on users.

7. Long term practice in the blockchain instry has made Xu Mingxing understand blockchain more thoroughly. In Xu Mingxing's view, one of the important manifestations of modern commercial development is the expansion of trust, and the centralized trust intermediary also brings huge trust costs. The development of blockchain technology has brought a good solution to rece the cost of trust. In this context, it is more and more important to promote the development of blockchain instry and help upgrade the modern enterprise credit system. Therefore, the credit information system should be the social infrastructure.

8. For example, a credit reference institution can use big data to collect information on the Internet to see more specific and detailed things, such as identity information, what kind of business or financial transactions have been carried out in what kind of place, and then use this information for credit reference. There is a hidden danger here, the credit reference personnel can take these confidential information to do some illegal and illegal things in private. After the intervention of encryption and anonymity of blockchain technology, the same data can process and analyze the traces of the parties in the network, without directly presenting these details to the collectors. In other words, the way of grabbing is different, background automation, and human isolation for processing.

9. There should be contacts. It is said that more than 30000 enterprises will register information on the first phase of the public service platform of SMIC blockchain. It seems that enterprises can check each other's basic information through the secret key of the exclusive blockchain, which can rece the credit risk caused by information asymmetry when concting business cooperation. This is actually equivalent to the credit system of enterprises.

10. After enterprises choose the small and micro loan service of Changsha bank on the SMIC platform, they will certainly conct credit investigation. However, it is not the platform that affects the credit investigation, but the compliance of the enterprise's own operation and the timely repayment of the loan.