Credit Risk Early Warning of Small and Medium-Sized Enterprises Based on Blockchain Trusted Data
Shekun Tong, Ting Zhang, Zhigang Zhang · Journal of Information & Knowledge Management · 2022
Small and medium-sized enterprises (SMEs) are now growing rapidly and playing an important role in the development of the national economy. As the economy grows, the contradiction between the credit risk of SMEs and the credit risk early warning mechanism of traditional supply chain financing has become increasingly important. In response to the issues of a single source of business information, the high investment cost of the existing early risk early warning mechanism, etc., from a commercial bank credit risk management perspective, this paper proposes to build an SMEs credit risk early warning system based on reliable blockchain data. The reliability of the data obtained is assessed utilising a hierarchical analysis and a vague overall judgement method. The results show that the use of blockchain technology can enhance the credibility and accuracy of the data, which provides a data guarantee for more rapid risk alert.