Financing of financial
( Business application )
In 2017, the global bill financing market will be about US $ 3 trillion, with the demand for small and medium-sized micro-enterprises that are more difficult to finance bills by traditional means accounting for 50 %, and the block chain bank bill financing model that solves the threshold and efficiency pain points has a broad application scenario and market potential. Under the traditional model, an enterprise applying for bill financing from a bank or a bill management institution requires strict verification, underwriting and approval from multiple departments, and the whole process takes 45 to 90 days. However, the existing block chain bill platform can realize P2P docking between bill trading parties, complete bill verification within a few minutes, and complete financing withdrawal within a predetermined number of days.
GSB loan business will mainly be conducted in the form of bill financing, and the technical level mainly includes bill verification and credit reporting system. At present, the bill verification process is mainly implemented outside the block chain through big data algorithms, and the credit reporting system includes such links as identity verification based on the block chain and credit rating based on computer algorithms. The block chain bill financing has realized the docking of capital gains and losses and the transfer of value in P2P, abandoning all traditional intermediary links. With the algorithm to realize verification and wind control requirements, bill issuers and bill buyers can realize direct docking transactions 24 hours across geographical constraints.
GSB's docking with the global bill financing market, credit reporting system and global exchange system can realize cross-border bill financing business.