How blockchain will change financial leasing!

How blockchain will change financial leasing! Introduction：Impact on blockchain，Don Tapscott, the father of the digital economy, once said，The black technology that will have the greatest impact on mankind in the next ten years is not robots，Not big data，Not even artificial intelligence，But the blockchain。

It could trigger the fourth industrial revolution，It may also redefine the Internet and even human society!16afternoon，Baidu Finance and Baiqian Leasing、Partners including Huaneng Trust jointly issued ABS projects supported by blockchain technology。It is reported that，This project is a private placement of ABS for personal consumption car rental debt.，Issuance size 424 million yuan。As the first domestic blockchain asset securitization project，As soon as it was launched, it attracted the attention of all walks of life.。

Especially after the launch of Baidu Financial Blockchain Application，The first partner chosen is a company that provides financial leasing services for new and used cars to individual consumers and enterprises and institutions.，Therefore, the model of this project makes me and other melon-eating people even more curious.。First, take a look：What is blockchain? From a broad definition：Blockchain is essentially a decentralized database，It contains a list called blocks，Has a track record of continued growth and well-aligned。

2008Year，Satoshi Nakamoto first proposed the concept of blockchain，in subsequent years，Becomes a core component of the electronic currency Bitcoin：Serves as a public ledger for all transactions。(Using a sequence of data blocks that are cryptographically associated，Each data block contains information about a Bitcoin network transaction，Used to verify the validity of its information (anti-counterfeiting) and generate the next block) Bitcoin has been more than 9 years old since its birth.。

From almost zero growth in 2008 to over a billion transactions per day today，Prove that Bitcoin itself has a strong market demand and transaction value，Its basic technology, blockchain, has also been recognized by most central banks and major financial institutions.。And recently，The sudden global Bitcoin virus attack on public and commercial systems has once again pushed Bitcoin to the forefront.。

Blockchain and accelerating the development of the sharing economy. The biggest role of the blockchain is to promote the development of the sharing economy.。For example, we want to buy the right to use a certain place，Or the short-term use of a car - something that used to be，Requires lengthy contracts to be signed、Go through various approval procedures、Procedures such as paying a large deposit。but at present，This problem can be effectively solved through blockchain technology，This working mechanism is called a "smart contract"。

Of course you also discovered，This is the current Uber、Mobai、The model these companies like Airbnb are using。Some people have already pioneered the use of blockchain technology in the auto finance industry.。last June，Toyota Financial also joined the R3 Blockchain Alliance，Explore the potential applications of distributed ledger technology in auto finance。

For users who have defaulted on their car loans，Toyota Financial uses blockchain technology to activate 'smart contracts'，Leaving car owners unable to start their cars if they do not make their installment payments on time。The project jointly launched by Baidu Finance and Baiqian Leasing is private placement of ABS for personal consumption car rental debt.，This is a very potential market。

Because currently “blue collar”、"Post-90s" have gradually become the main consumer group in the global market economy，for them，More inclined to pay for actual needs，Consider car maintenance and parking fees，More and more people prefer renting a car rather than buying one.。

Car rental model for personal consumption，Baidu Finance mainly uses decentralized storage based on blockchain、asymmetric key、Consensus algorithms and other technologies，Create systematic disintermediation trust、Tamper proof、Transaction traceability and other features。This will save you the complicated procedures，Cut out the middle links，Save a lot of labor costs，At the same time, the usage status of each vehicle can be monitored at any time.，Reasonably arrange car rental allocation time，Maximize use value。

The role of blockchain in financial leasing because risk control capabilities are one of the most critical core competitiveness of financial leasing companies。Because the blockchain cannot be tampered with、Traceability enables automakers to synchronize、dealer、Data exchange between banks and leasing companies，and greatly reduce errors，Securing the process，Provide a full audit trail for all parties involved。

for a long time，Financial leasing transactions always require detailed due diligence on business or risk control to ensure that the lessee is safe and reliable.，However, the due diligence process is complicated and inefficient。Although my country will allow financial leasing companies and commercial factoring companies to access the People's Bank of China credit system in 2025,，But on the other hand, it also puts forward higher requirements for financial leasing companies.

Require

and responsibility。

But if we use blockchain technology，Symmetrical value transfer can be directly achieved、End-to-end transparency，All paper work will also be turned into digital procedures，No specific physical receipt required，At the same time, blockchain technology can also be used to analyze and monitor the abnormal status of the lessee’s transaction behavior.，Detect and eliminate fraud promptly。This reduces labor cost investment，It also improves the security and controllability of transactions。

Summary in general，Blockchain has the dual characteristics of decentralization and trustlessness，It can perfectly solve the information asymmetry in the economic and financial development process.、high transaction costs、Problems such as trusting strangers，What is achieved is the transparency and accountability of the underlying asset quality.，Making "individual economy" possible。

Combined with the current industry status of financial leasing，I believe that with the popularity of blockchain technology，Major breakthroughs are expected in terms of fraud risk prevention and chattel mortgage loan control.。

About Hong Kong Xintong

Hong Kong Xintong focuses onGuangdong and Hong Kong license plates、Shenzhen Hazardous Chemicals Business License、Shenzhen labor dispatch licenseandShenzhen Charity Foundationapplication services，Assist customers to applyShenzhen travel agency business license、Shenzhen pawn shop business license、Shenzhen auction house license and other mainstream domestic financial licenses，Support enterprises to achieve compliance expansion of cross-border financial business。Also availableODI overseas investment registration、International travel agency registration and other services，Help enterprises expand their presence in international markets。Provide one-stop compliance solutions for enterprises。To learn more，Please contactHong Kong Information Communications Consultant。