Application of Credit
（Credit Risk Control）
GSB proposes to lead the ecological financial development based on the credit union of block chain technology. The application will ensure the efficient and orderly operation of credit reporting through six core mechanisms: blacklist mechanism, member settling mechanism, member credit mechanism, arbitration mechanism, information sharing mechanism and data security firewall mechanism.
GSB set up a blacklist mechanism in the first stage to make public the information of dishonest people and issue a list of dishonest people by analogy with the court system. Blacklist dishonesty data is divided into two parts: public data and detailed information. In order to consider the issue of personal privacy, the blacklist public data will be released in the form of desensitized data and masked throughout the chain in the following format: identifier + masked user ID ( e.g. 220403198011 * * * * * * ) + dishonesty + publisher ( real name / anonymity ) + signature. Details include user ID, name, loan time, loan amount, loan platform, overdue time, etc. Ecological members and borrowers will agree when signing the loan agreement that one promise of dishonesty will be published on the GSB platform, and the signature mechanism will not tamper with the data, and the signature information will be generated simultaneously with the dishonesty data report, ensuring the irreversibility of the data.
The mechanism of ecological members' entry:
In order to ensure the authenticity and effectiveness of credit data, ecological members will have strict auditing requirements. All settled institutions are real-name institutions, and can freely choose real-name or anonymity when publishing information about dishonest people.
Mechanism of member credit:
In order to prevent data fraud, ecological members will start to get a credit initial value of 100 when they settle in, 5 points will be deducted for dishonesty, and they will broadcast to the ecological community. Once the credit value is zero, members will be cleared.
This is mainly the way to resolve the objection to the data uploaded by members. For example, if the data demander ( other ecological members ) or data associator has any objection to the data, it can initiate arbitration to the autonomous association, and the data uploader will provide evidence. If there is one vote per ecological community member, more than 50 % of the valid votes, the arbitration will be established and the result will be sent to the ecological publication.
Information sharing mechanism:
Ecological members have the right to view and view the detailed version of personal credit reports issued by other members, find the data when the user ID used in the query matches exactly, and exchange the data through GSB Token.
Firewall Mechanism of Data Security:
In order to prevent data from being crawled, GSB sets up an early warning mechanism for abnormal queries.