What is the function of electronic guarantee?

Electronic letter of guarantee is a legally effective guarantee certificate issued by the guarantor to the beneficiary through computer network with CA certificate as the medium and electronic signature data message as the carrier. Generally speaking, the electronic guarantee is issued by the guarantor to the guarantor through the computer network. For the purpose of providing guarantee to the guaranteed, the guarantor uses CA certificate to electronically sign the data message, and through the media of computer network, an electronic credit certificate with legal effect is issued for the beneficiary.

Electronic letter of guarantee is the product of the information age. Like a paper letter of guarantee, it is an electronic guarantee certificate issued by a bank, an insurance company, a guarantee company or other guarantors to the beneficiary at the request of the insured, so as to ensure that the guarantor will perform certain payment or economic compensation responsibilities for the applicant in a certain amount and within a certain period of time when the applicant fails to fulfill his responsibilities or obligations as agreed by both parties.

? The "Smart City Electronic Guarantee Integrated Service Platform" independently developed by PICC Digital Intelligence is the leading "internet plus Government+Finance" service platform in China, providing one-stop solutions for government departments, financial institutions and market players. Its research and development of smart city electronic guarantee product system mainly includes six products: smart multi-insurance, smart multi-salary, smart multi-trust, smart shield, smart cloud and smart chain. Its core advantage is that it can realize 1) source data encryption, whole-process electronic marking and multi-technology blessing to ensure the security of system, data and interaction; 2) Send the letter in three minutes at the earliest; 3) Reduce the transaction cost, financing cost and burden of enterprises; 4) Data tamper prevention and data traceability are realized through blockchain deposits.

Four functions of electronic letter of guarantee:

? First, ensure data security.

1. data transmission: electronic guarantee ensures the security of key data transmission by encrypting the source data;

2. Message encryption: message encryption and electronic signature are used for data docking to ensure transaction and data security;

3. Data recovery: After bid opening, the system can recover the complete information of the letter of guarantee through the bid code;

4. Generation of letter of guarantee: the electronic letter of guarantee is encrypted and authenticated, and stamped with the electronic signature of the financial institution, which has legal effect;

Second, reduce the burden on enterprises.

1. Electronic letter of guarantee can reduce the transaction cost and financing cost of enterprises and reduce the burden of enterprises;

2. Through deep cooperation with financial institutions, solve the problems of financing difficulties, expensive financing and slow financing for small and medium-sized enterprises;

Third, it is convenient and fast.

The electronic guarantee is online all the time, and the operation is simple, fast and safe, and the system automatically identifies and checks risks;

Fourth, blockchain certificate.

The electronic guarantee blockchain deposit certificate has the characteristics of tamper-proof, anti-counterfeiting, traceability, openness and transparency, difficulty in losing and legal effect;