Research On Jingdong Baitiao Asset Securitization Risk Management Based On Blockchain Technology

In recent years,the scale of my country’s asset securitization market has become larger and larger,and the types of asset securitization products have become more and more abundant.However,behind the vigorous development of the asset securitization market,various irregularities have emerged,and risks are gradually exposed,which seriously affects the development of asset securitization.In order to solve these asset securitization problems,companies engaged in asset securitization business began to seek the support of new technologies.In June 2018,JD Digital made a comprehensive innovation in JD Baitiao asset securitization using blockchain technology: it established a consortium chain of participating institutions,which effectively solved the risk problem and eliminated the pain points of asset securitization.After reviewing the development history of white strip ABS,this paper deeply analyzes the operation mechanism of No.19 white strip ABS products embedded in blockchain technology,and identifies its risks.On this basis,comprehensively use the literature analysis method and issue electronic questionnaires to investigate experts in related industries,and initially build a comprehensive evaluation index system for Jingdong Baitiao ABS risk based on blockchain technology,covering 5 first-level risk indicators and 17 secondary risk indicators.In order to assess the risk of No.19 white strip ABS products,first,using the AHP method to sort the total risk weights of the white strip ABS based on blockchain technology at all levels,it can be found: It is the highest in the entire system,accounting for 28.15% of the total weight.Other top-ranked risks include participating institution risk,interest rate risk,compliance risk,etc.,accounting for 12.53%,10.24%,and 10.23% of the entire system weight,respectively.Secondly,through the grey evaluation model,the comprehensive evaluation values of the risk occurrence probability of traditional and blockchain-based JD.The probability is reduced by21.27%,and the improvement effect is more significant.Finally,according to some existing problems in risk management and control,an optimization mechanism is proposed.In addition,reasonable suggestions are put forward for the risk prevention and control of Jingdong Baitiao ABS based on blockchain technology.It is hoped that it can provide a good solution to the risk management problems of asset securitization in the follow-up process of other Internet financial companies.