A Research On Credit Evaluation Mechanism Of Small And Medium Enterprises Based On The Blockchain

In our country,taking up a great proportion of national economy,small and medium enterprises are the important component of the total economy.They not only boost the rapid enhancement of economy but also greatly relieve the employment pressure in our country.However,the imperfections in the credit system of domestic small and medium enterprises and the denormalization in the business of them result in the problems of high cost,high risk and low efficiency when banks evaluate their credit and lead to the prudent situation when banks lend loan to them.It is exactly the primary cause of financial difficulties confronted by small and medium enterprises in their development process,which severely hinders their regular run and expansion.Therefore,how to solve the problems of valid credit assessment of commercial banks on small and medium enterprises becomes significant for enhancing the normal and fast advancement of them and accelerating the transformation and upgrading of the domestic economic system.Under this circumstance,this thesis analyzes the technological characteristics of blockchain and the deficiencies of credit rating model of current banks.It acclaims that blockchain would be appropriately applied in the credit rating of small and medium enterprises,so it creatively introduces blockchain into the credit rating model of banks.The former credit rating of small and medium enterprises mainly focuses on the quantitative data of them,which is frequently not accurate.So the unreasonable evaluation result is aroused.According to the features of the blockchain,this thesis tries to transfer the angle from the quantitative assessment to qualitative assessment of small and medium enterprises.It also rebuilds the credit rating model on the basis of blockchain and comprehensively selects 17 qualitative indexes and 14 quantitative indexes on account of the traits of small and medium enterprises and blockchain.Meanwhile,it utilizes the method of analytic hierarchy process to affirm the proportion of every index so as to conceive a highly practical credit rating system which is suitable for the realistic conditions of commercial banks and small and medium enterprises at home.It is hoped to provide new thoughts for small and medium enterprises conducting commercial loans and supply the new ways to solve the problems of financing difficulties of domestic small and medium enterprises.