Research On The Application Of Blockchain Technology In The Credit Investigation Industry

The functioning of the modern financial system depends on the support of credit.The construction and improvement of the credit system is the foundation of every country of the normal operation of the financial system,the credit system as a key part of the credit system,credit risk management for the financial system of the whole society plays an important role.At present,the development of the Internet financial rapidly,for the big data in the application of financial deepening,in such a new situation,China's credit reporting industry at present the following questions:credit reporting data ownership cannot be clearly defined,the AD data acquisition processes improper,credit reporting data security and privacy protection are threatened,credit reporting data value cannot be measured accurately.There is a lack of sharing mechanism.Will block chain technology is applied to the credit reporting industry can reduce the service cost of credit reporting industry,improve the quality of reference data,expanding credit product application scenarios,realize the credit data sharing,to ensure the safety of credit reporting data.Block chain technology is applied to the credit system can significantly reduce the noise of huge amounts of data and the emergence of false reporting data,under the "Internet+data",data acquisition,storage,processing and use more convenient,costs have fallen sharply,thus can make traditional credit data processing costs and large data automation operation cost greatly reduced.Develop data standards and validate data quality through consensus.Will blockchain technology is applied to in credit reporting industry can make each agency on the basis of credit data don't leak it to realize the credit data sharing,successfully resolve the borrowers bull liabilities this thorny problem.A blockchain credit data sharing system will ensure the entire network of any node in the normal operation of the safeguard system,not be a node system anomalies and affect the whole system.As long as no more than half of the nodes in the blockchain credit system are deliberately attacked,the blockchain credit system can operate normally.Specifically,hashing algorithm can be applied to credit data storage,and asymmetric encryption can be used in credit collection data,and digital signature can be applied in credit data sharing.The timestamp is applied in the tracing of credit data or credit data sharing;the workload proof can be used to prevent the credit data from being attacked and tampered;the application of the meckel tree in the compressed credit data space.Credit information data sharing system based on blockchain technology can be applied in many financial scenarios.