Beijing Local Financial Supervision and Administration Bureau: Establishing a Blockchain-based Enterprise Electronic Identity Authentication Information System

On February 28, the Beijing Municipal Financial Supervision and Administration Bureau issued the Opinions on Accelerating the Optimization of the Business Environment for Financial Credit. The document points out that in order to further optimize the financial credit business environment, effectively reduce the impact of the epidemic, and promote the sustainable and healthy development of the real economy, opinions are now provided. These include substantially reducing credit application materials, guiding banking financial institutions to optimize loan approval processes, and improving loan approval efficiency. Actively promote the electronic application and processing of financial services, establish a blockchain-based enterprise electronic identity authentication information system, minimize credit application materials, promote mutual recognition of customer application materials, and avoid "duplicate certification".