IBM executives: Blockchain technology can help SMEs solve loan problems

On May 8, IBM official website released Udit Sharma, IBM's US public sector business account manager, and Juan Delacruz, IBM's global government industry transformation executive, entitled "The blockchain can help SMEs get more credit." The article pointed out that in developing countries, the outside world provides insufficient trust in data provided by SMEs, and the transparency of the financial system is low, which reduces the enthusiasm of banks for lending. The combination of blockchain technology in the loan system can solve the problem of trust and transparency. In addition, the blockchain system can improve settlement speed and transaction capabilities, and can provide platform planning to develop better securitized assets.