the past five yearsRMB credit is growing at a rate of about 15%, reaching a market size of 124 trillion yuan in 2017. However, due to issues such as data acquisition costs and policy uncertainties, the market penetration rate of the personal credit industry has remained at around 9% all year round.

From the perspective of development stage, the domestic credit service industry is in its infancy, and the current typical application scenarios are mainly financial. From a policy perspective, the state promotes the construction of a social credit system. such as this yearEvening of January 4th, The central bank released the relevant situation announcement of "Baihang Credit Information Co., Ltd.", marking the official landing of "Xinlian".

According to reportsAccording to reports, as of March 2016, there were only 390 million natural persons with central bank credit records, accounting for less than 30% of the total population. For credit reporting companies, the amount of data is small, and most of them only provide one-way inquiries. There are also non-standard sharing technologies and lack of data protection mechanisms in the company alliance. The credit information market presents an isolated information distribution, and the bad debt rate remains high.

Odaily recently came into contact with the sack fortune, and wants to use blockchain technology to solve the problems of data acquisition and realization in the credit industry. Gunny Fortune is an online lending information intermediary platform operated by Shanghai Kaian Information Technology Co., Ltd., and is a holding company of CITIC Industrial Fund.

Gunny Fortune CTO Wang Libo said that the traditional credit information industry currently has problems such as inconsistent data acquisition standards, preliminary data quality, single data, small data volume, and data islands. Gunny Fortune wants to use blockchain technology to break the gap between institutions "Information Islands".

Wang Libo said that the blockchain-based credit reporting data sharing platform includes four core functions: access, sharing, transaction, and evaluation.

In terms of access rules, the platform establishes access rules to review the alliance members to be settled to ensure that the data is authentic and effective; in terms of sharing, through the data sharing mode design of blockchain technology, the providers and consumers of credit data Data can be queried and shared without providing their own complete credit databases; in terms of transactions, a unique transaction mechanism is used to enable data providers to benefit from sharing data. The transaction mechanism, that is, when a participant needs to query the credit data of an entity, he only needs to use the public summary algorithm to calculate the identity of the entity, query the public database, obtain the detailed query interface of the information provider, and send the data to the The provider makes an inquiry. At the same time, this query action will be recorded as a transaction information, so as to calculate the cost later; in terms of evaluation, the platform introduces a data evaluation mechanism to carry out survival of the fittest for credit data providers to ensure the data quality of the entire platform.

Compared with other credit reporting data sharing platforms, Wang Libo believes that having sack wealth with financial attributes,Its advantage is that with the help of its own risk control experience and polished mature risk control system, it has formed a risk control service that combines risk control models and tools.Some alliance members with relatively weak risk control capabilities can use the services of Gunny Fortune to quickly start their business, reduce early investment costs, and thus improve risk control capabilities.

In addition, in terms of data privacy protection, the platform does not touch the original data, the original data is stored locally in the data provider, and only a small amount of desensitized information is stored in the blockchain. For alliance members, the platform provides a unified access platform and SDK to reduce access costs for alliance members.

Theoretically speaking, the use of blockchain can indeed solve many pain points in the field of credit investigation, and all information can be shared by multiple nodes through the blockchain. However, in the Internet age, data is the wealth of enterprises. In the specific implementation process, will enterprises share the data they have accumulated?

Wang Libo said that since the platform was launched in April 2017, it has begun to take shape in terms of data volume, and it has also attracted some companies that need credit data to join.Alliance enterprises can improve their own risk control model through the credit data of the platform, thereby improving the risk control ability of the main business, reducing the bad debt rate, and increasing profitability.At the same time, the current focus of the platform is on how to attract more institutions to join and accumulate massive data of multiple dimensions from multiple institutions. Therefore, the platformThe entry threshold for qualified alliance enterprises has been relaxed. At present, alliance enterprises only need to provide data information of a single dimension.For example, basic information (such as ID card, unit, education), black and gray lists (such as long-term loans, bad credit), biometric features (such as face recognition) and other data types.

According to reports, the sack wealth project was approved by the Development and Reform Commission of Jiading District, Shanghai during the planning stage, and passed the application for the "2016 Shanghai Service Industry Development Guidance Fund Project". In October this year, the project passed the Jiading District Development and Reform Commission and relevant experts. acceptance.

Wang Libo said that the value of sack wealth will gradually be reflected in the in-depth promotion in the future, and it will cooperate with active enterprises in depth, so that all enterprises can make up for their shortcomings in data through sack wealth. In this process, the data is continuously enriched and deepened, and more partners can be attracted to join the platform, which is a positive cycle.

For credit investigation platforms, the amount of data is crucial. For institutions, the longer the process of data accumulation, the weaker the motivation for institutions to share the data. On the whole, how to access more data agencies, how to distribute benefits with these data agencies, how to effectively operate the platform, how to perform standardized ratings, etc. are all problems that need to be solved urgently. There is a long way to go.

I am Qi Ming from Odaily, I explore the real blockchain, and I like to chat with various gods every day. For project communication and breaking news, please add WeChat qingmoruoshui, please note your name, company, and position. For reprinting/content cooperation/reporting, please contact report@odaily.com; illegal reprinting must be punished by law.

I am Qi Ming from Odaily, I explore the real blockchain, and I like to chat with various gods every day. For project communication and breaking news, please add WeChat qingmoruoshui, please note your name, company, and position. For reprinting/content cooperation/reporting, please contact report@odaily.com; illegal reprinting must be punished by law.