Application of Blockchain Technology in Credit Management of Commercial Banks

Authors

  • Xinying Huang

DOI:

https://doi.org/10.6981/FEM.202410_5(10).0008

Keywords:

Blockchain Technology; Commercial Banks; Credit Management.

Abstract

This paper discusses the application of blockchain technology in the credit management of commercial banks, and takes Bank A as an example to deeply analyze its status quo and existing problems in credit risk management. In terms of credit risk management, Bank A faces multiple challenges, such as imperfect organizational system, backward credit rating technology, backward credit risk measurement technology and credit compensation mechanism to be improved. In response to these problems, this paper proposes measures to improve credit risk management based on blockchain technology. These include smart contracts that introduce blockchain technology to optimize credit contract management and execution; Using blockchain technology to improve the lending process and increase transparency and efficiency; Use blockchain technology to improve the risk management of credit card business and enhance the ability to identify and control risks; And the use of blockchain technology to improve the credit investigation business of Bank A, improve the quality and availability of credit information. Through these measures, Bank A is expected to significantly improve its credit risk management.

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References

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Published

2024-10-11

Issue

Section

Articles

How to Cite

Huang, Xinying , trans. 2024. “Application of Blockchain Technology in Credit Management of Commercial Banks”. Frontiers in Economics and Management 5 (10): 80-91. https://doi.org/10.6981/FEM.202410_5(10).0008.