On April 20, 2021, the signing and launching ceremony of the "Pearl River Delta Credit Chain" under the guidance of the People's Bank of China (PBOC) was held in Guangzhou City, Guangdong Province, China, in which Wansun Credit, as one of the eight co-established credit bureaus, participated in the launching ceremony.Wansun Credit provides high-quality and comprehensive data support for the "Pearl River Delta Credit Chain", and contributes to the development of credit for SMEs.
(Pearl River Delta, located in the south-central part of China's Guangdong Province, gathers 53.35% of the population and 79.67% of the total economy of China's largest economic province, making it an important economic center region in China. According to a World Bank report, the Pearl River Delta has overtaken Tokyo, Japan in 2010 to become the world's largest urban agglomeration in terms of population and area. Today, the PRD is joining hands with Hong Kong, China and Macao, China to build the Guangdong-Hong Kong-Macao Greater Bay Area, which has become one of the world's four major Bay Areas on a par with the New York Bay Area in the United States, the San Francisco Bay Area and the Tokyo Bay Area in Japan).
The Pearl River Delta Credit Chain, which is built with blockchain technology, helps promote the sharing of enterprise-related credit information and serves the financing of small and micro enterprises and the development of the local economy.The "PRD Credit Chain" covers a wide range of enterprise information, including basic information, business information, credit enhancement information, warning information and asset information, which provides commercial banks with a more comprehensive "portrait" of SMEs and more data support for banks to serve the financing of SMEs.
Importance and significance of building the PRD Credit Chain.
1、Expand various data sources to realize effective sharing of enterprise-related credit information.
including nodes of credit bureaus, nodes of government data sources, nodes of supervision centers, nodes of financial dispute mediation organizations, etc., so as to realize the full sharing of data of each node. In accordance with the law, 395 types of data from 34 provincial government departments are shared, and with the continuous expansion of data sources, the query volume of the "PRD Credit Chain" is increasing day by day.
2、Enhance the encryption technology of blockchain to guarantee the security of credit information.
Effectively protecting the legitimate rights and interests of information subjects is a technical feature of the blockchain applied in the "PRD Credit Chain", which strengthens the centralization of supervision while decentralizing the business, realizes the sharing of information without changing the ownership and management of data, and at the same time realizes the incentive for tracing, confirming rights and sharing of the data uploaded on the chain, so as to effectively protect the safety of data and the rights and interests of data source units as well as information subjects. data source units and the rights and interests of information subjects.
The "PRD Credit Chain"promotes the in-depth matching of business and technology, continuously optimizes data collection, encrypted calculation, output application and other links, and tightly builds an information security protection network.
The "PRD Credit Chain" puts the protection of the rights and interests of information subjects in a prominent position, joins the nodes of financial dispute mediation organizations in an innovative manner, provides mediation services for the settlement of various types of financial disputes, and provides an effective platform for the protection of the rights and interests of information subjects, so as to enhance the sense of security of the people in the field of credit collection.
3、Embedding the "Pearl River Delta Credit Chain" into the credit approval process of commercial banks to improve credit services for MSMEs.
The "PRD Credit Chain" links up local credit collection platforms and corporate credit bureaus, integrates public and market data, and provides commercial banks with richer and more professional credit collection services. Commercial banks will embed the credit information obtained from the "PRD Credit Chain" into their credit management systems, which, when fused with their own data, will effectively enhance the efficiency of credit approval, improve the availability of financing for SMEs and help stabilize enterprises and protect people's livelihood.
Wansun Credit provides high quality and comprehensive data support to the "PRD Credit Chain" while absorbing the data information shared by the "PRD Credit Chain" to continuously enrich the database and enhance data security.
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