Bitcoin blockchain behind skyrocketing technology or reconstruction of Internet financial industry
Make full use of the blockchain technology, you can make Internet banking platform to facilitate transactions through endorsement of non center credit institutions. At the same time, the construction without a credit lending relationship based on Intelligent Asset blockchain.
Statistics show that as of the end of April 2017, 455 of the world’s block chain company to obtain a total financing amounted to $1 billion 947 million, and this year the block chain in the global heat rising, the rapid growth of. According to the growth trend, now the pace of development, block chain direction, is becoming the next capital outlet, to promote the new wave of technological revolution, it is only a matter of time.
Block chain technology has been the industry as the “trust machine”, is a kind of real time recording to the center of public database. The payment transaction in the block chain, the whole network of computers can be common query block chain data, to verify whether the transaction is effective. In after the completion of the payment will be written to the block chain and generate a tamper proof record.
At present, the block chain technology by virtue of its decentralization, no trust and cannot be tampered with and encryption security, are into government decision-making, financial institutions, large enterprises view, even in the digital currency, payment settlement, credit financing, financial transactions, securities, insurance, leasing and other seven areas from theory to practice.
The reconstruction of Internet financial credit mechanism
At present, to carry out the credit business of Internet banking platform, whether it is for business or personal, consider the most basic factor is the main borrowing itself has the financial credit. Therefore, one of the Internet financial platform will be the reference to central bank credit system, based on customer authorization, download information from the central bank credit center for reference. On the other hand through the Internet technology, the construction of user credit system for their own platform. Through the combination of the two, to determine the user of financial credit.
In the field of credit, the blockchain advantage can rely on the program algorithm automatically records the credit related information, and stored in each computer block chain network, information transparency, can not be tampered with, the use of low cost. All banks and non bank institutions can use the storage form of encryption and sharing of customer credit information in this institution, customers apply for loans, any loan mechanism through the corresponding information data retrieved directly block chain directly to complete credit after obtaining authorization, rather than to the central bank for credit information query. And this data is updated in real time, more complete, can help the Internet financial platform is more accurate to determine the user’s financial credit.
To improve the Internet financial platform risk control ability
The nature of the Internet financial or financial, inevitably there are credit risk, liquidity risk and other issues. The block chain technology, credit system construction, will be the most risk strangled in the cradle. In the loan process, because of the block chain technology with real-time updates, can not be tampered with the borrower characteristics, some adverse circumstances at any bank or platform, will be immediately uploaded to the entire block chain database, shared with other lenders.
In this way, can effectively prevent the Internet financial platform in the lending process user adverse situation. The future of the Internet, the financial industry practitioners should pay more attention to the research and development in big data, cloud computing, block chain, the security of information. I believe that with the implementation of technology development and fair competition environment, and strengthen the supervision according to law and investor education, Internet banking will also win the new development prospects in the future.
To change the business model of Internet financial platform
At present, the business model of Internet banking is still mainly rely on the center of the solution to solve the credit problem, namely the authority by the government and banking center of the establishment of the credit. In short, the current Internet financial model is the realization of the disintermediation, did not achieve to the center. It is mainly by means of the Internet, access to user information, and provide the high-quality financial services to the screening.
Make full use of the blockchain technology, you can make Internet banking platform to facilitate transactions through endorsement of non center credit institutions. At the same time, the construction without a credit lending relationship based on Intelligent Asset blockchain. The core idea is to control the ownership of intellectual property. Digital assets have been registered in the block on the chain can be used at any time by the private key. To borrow money on the Internet, can be intelligent assets as collateral, the contract can automatically perform intelligent lock intelligent mortgage assets, and loans repaid after the confirmation of the terms of the contract to automatically unlock, both sides dispute the probability of lending sharply reduced.
From the analysis of the technical principle, block chain innovation, we can see that the block chain technology is a major technological innovation in the field of Internet banking. Although the current block chain technology in China is in the early stages of development, but with the progress of science and technology, I believe it will play a greater role, and truly become a low cost “trust” solutions, promote the development of credit economy, reduce the social cost of credit.