Member of the Hong Kong Political Consultative Conference: The combination of blockchain and financial lending can better serve SMEs

Wang Xianshuo, a member of the Hong Kong Political Consultative Conference, believes that the combination of blockchain and financial lending can realize information transparency and increase financing efficiency, thereby better serving SMEs. Wang Xianshuo suggested that the government should lead the establishment of a blockchain technology application management office to play its role to promote the innovative application of blockchain + financial lending; under the premise of user authorization, the personal information of SME legal persons and executives can be encrypted and stored on the blockchain In the whole process of pre-loan, loan, and post-loan, it traces its original information, increasing investor confidence; using the decentralized nature of the blockchain, it effectively resolves the division of credit data, making the information of borrowers and borrowers open and transparent, and improving Supervision efficiency; establish a blockchain database, monitor growth information, and expand the financing platform.