SAN FRANCISCO--(BUSINESS WIRE)--ZJL Distributed Factoring Network, based on ethereum smart contract, devotes itself to building up an enterprise credit grading ecological network and realizing enterprise credit self-proving, calculating and grading.
ZJL Distributed Factoring Network (ZJL) is a decentralized enterprise credit grading ecological network on the basis of ethereum blockchain that provides a community platform for saving information on blockchain, accumulating credit and enterprise self-proving for certain qualified enterprises by employing smart contract technology. It spares no effort to solve the industry pain points of financing difficulty and financing expensiveness, caused by failures of accumulation of enterprise credit and self-proving due to the kidnapping of enterprise credit in centralized conventional supply chain finance by institutions, and also prompts optimized allocation of resources.
ZJL Distributed Factoring Network will realize the interflow and circulation of enterprise credit among different industries and fields to activate the development vitality of the entire social ecology by taking the receivable factoring of core enterprises as the entry point.
Users can obtain initial credit index from the ZJL platform when their uploaded information is validated. Credit values can be acquired by uploading daily information, completing validation, and starting factoring business. Moreover, all information and performance of factoring business of users saved on the ZJL platform will be recorded faithfully and uploaded to ethereum blockchain for preservation eventually.
ZJL platform will assess enterprises’ credit rating comprehensively according to information saved by users. Credit ratings will establish global credit identifications for enterprises and also will affect enterprises’ financing limit of receivables on the ZJL platform.
On the ZJL Distributed Factoring Network platform, users can publish verifiable claims, which is a kind of claim attached with a private key signature, consequently, leading to characteristics of non-repudiation and tamper-resistance. Content of verifiable claim is not confined.
Daily routine of ZJL Distributed Factoring Network is under the management of ZJL Fund. ZJL Fund was set up by the ZJL founding team and officially registered in Singapore in January 2018. As an independent non-profit entity, the fund is responsible for the ZJL community with primary objectives of popularizing and developing ZJL Distributed Factoring Network ecology.
To learn more about ZJL Distributed Factoring Network, please go to www.ZJLETH.com for more information.
About ZJL Distributed Factoring Network:
ZJL Distributed Factoring Network is a blockchain project which Well Art investment limited invested in its Startup period. ZJL Distributed factoring network is aimed at the construction of enterprise's credit rating ecological network.