What does Hongqiao blockchain do?

Hongqiao hi-tech blockchain industry-specific application design forms the closed-loop self-authentication ability of data on the chain through the integrity and correlation of trusted transaction data. It is used to verify the authenticity of digital documents and transaction records, and to track the sources of products and commodities throughout the supply chain. These data, which prove the authenticity and source of products, are usually used by enterprises and financial institutions for the evaluation and processing of credit and loans. Relying on the application of blockchain, the data of all links of cross-border trade can be verified before and after, forming reliable transaction process data with time stamp, no tampering and clear responsibility. Combining the Internet of Things and AI technology, it automatically sends process data to customs officers, and automatically reminds inconsistent data to improve efficiency and ensure supervision and efficient service. All participants in cross-border trade will be included in the blockchain, transaction data will be encrypted and uploaded, and participants will be selectively authorized to break the data island. At the same time, on the premise that participants do not need to decrypt or disclose the sensitive information of the data owner, data verification is carried out to improve the ability of data enjoyment and improve the efficiency of cross-border trade processes. Combined with the actual situation of small and medium-sized enterprises with low credit rating, few fixed assets and lack of collateral, blockchain distributed account book technology and hash pointer technology make the data on the chain traceable and tamper-proof, provide enterprises with basic data for financial risk control, help small and medium-sized enterprises quickly obtain the funds needed for operation, and reduce the cost of using funds. At the same time, it helps financial institutions to verify through transparent and traceable data in the chain to eliminate credit risks. Instead of the paper model in the existing cross-border trade process, the closed-loop self-authentication ability of data in the chain is formed through the integrity and relevance of trusted transaction data. Improve the speed of cross-border trade documents review and the efficiency of process operation. Customs can directly manage the whole process of cross-border trade, audit the transaction process in real time, and analyze and control risks quickly and accurately.