Investigating the Impact of Bank Housing Credit Risk Control Strategy by Blockchain Technology on the Household Consumption Plan

Abstract

It is essential to solve the problem of information asymmetry in bank housing credit management, thus reducing bank operating costs and credit risk. Therefore, the present work constructs a bank housing credit blockchain alliance system based on the technical characteristics of blockchain to strengthen bank housing credit risk control. First, according to blockchain’s elements and system architecture, the application of blockchain to bank housing credit business is analyzed. On this basis, the bank housing credit risk control strategy is proposed. Finally, the mathematical model is used to investigate residents’ household consumption to explore the impact of housing credit on the household consumption plan of residents. The results show that when the educational level of the head of household is illiterate or semi-illiterate, the coefficients of participation credit (PC), nonparticipation credit (NPC), and total samples (TSs) of total household consumption are −0.064, 0.067, and 0.174, respectively; when the educational level of the head of household is primary school or junior middle school, the coefficients of PC, NPC, and TS of total household consumption are -0.026, 0.017, and 0.105, respectively; when the educational level of the head of household is high school or above, the coefficients of PC, NPC, and TS of total household consumption are 0.084, 0.073, and 0.064, respectively. The results indicate that the education level of the head of household plays a crucial role in the family consumption plan. Those with a high educational level will compromise on the best consumption decision after constantly weighing the consumption motivation and consumption thinking after obtaining the credit funds. The content reported here is vitally significant in guiding households to clarify the proportion of credit fund distribution and understand their consumption tendency.

Blockchain for Credibility in Educational Development: Key Technology, Application Potential, and Performance Evaluation

“…Currently, researchers have applied the blockchain technology in data storage, such as student credit management [53], achievement management [54], and career data management in nonformal education [55]. Liang et al implemented PDPChain [56] for secure storage of personal education data, and the blockchain network in the framework guaranteed the trusted storage of the private data by using a consortium chain.…”

Retracted: Investigating the Impact of Bank Housing Credit Risk Control Strategy by Blockchain Technology on the Household Consumption Plan

“…This article has been retracted by Hindawi following an investigation undertaken by the publisher [ 1 ]. This investigation has uncovered evidence of one or more of the following indicators of systematic manipulation of the publication process: Discrepancies in scope Discrepancies in the description of the research reported Discrepancies between the availability of data and the research described Inappropriate citations Incoherent, meaningless and/or irrelevant content included in the article Peer-review manipulation …”

“…Tis article has been retracted by Hindawi following an investigation undertaken by the publisher [1]. Tis investigation has uncovered evidence of one or more of the following indicators of systematic manipulation of the publication process:…”