Research on Credit System Construction of Guangdong-Hongkong-Macao Greater Bay Area Based on Blockchain Technology

Abstract

The establishment of credit system based on blockchain technology in Guangdong-Hongkong-Macao Greater Bay Area (GHMGBA) is a modern and new digital co-governance credit model under the mode of social co-governance. Under the impact of global fintech innovation, the economic and social development needs to establish a new co-governance credit model to replace the traditional indirect credit model. In this paper, distributed security authentication technology, artificial intelligence technology, security of cloud storage technology and big data processing technology are effectively combined with blockchain technology, to establish a distributed and co-governance credit system, and to realize the credit records, credit investigation, credit collection, credit evaluation, and to realize automation and intelligent of the whole management of credit system, to realize the advantages of high distribution, high availability, tamper-proof, verifiability, high scalability, openness and sharability of credit information , to provide innovation and development paths for green, inclusive and intelligent financial services.

Exploring the Emerging Financial Development Model of "Blockchain + Credit Guarantee" Based on Information Asymmetry Theory

“…According to Yi-Fu Tang [16], blockchain technology has several distinct advantages, such as the absence of central government intervention, the implementation of decentralized records, the implementation of common management, and complete data security, all of which will greatly facilitate risk management and regulation of security institutions, thus revolutionizing the traditional financial services model and driving the rapid growth of this field. Through the incorporation of distributed secure authentication, artificial intelligence, secure cloud storage, and big data processing technologies as proposed by Xian Yong et al [17], and the use of blockchain technology support, the intelligence of credit systems can be greatly enhanced, thus making the recording, auditing, and supervision of credit more efficient and convenient.…”