SHENZHEN, China--(BUSINESS WIRE)--Closely connected with value, credit plays as the core and soul of the modern market economy and is owned by an enterprise, the main body of credit resources. However, in reality, it is not easy for an enterprise to estimate its own credit and declare it to others. In respect of this, ZJLT Distributed Factoring Network has found a new way out.
The current various commercial credit evaluation systems lack unified authoritative standards, wherein enterprise credits cannot be transferred out of the chain, and most credit rating agencies do not publicly disclose their rating standards. With the accumulation of multi-dimensional business data, existing enterprise credit rating methods become less efficient in exploring the value of enterprise data.
Considering this, ZJLT Distributed Factoring Network presents a new enterprise credit rating model. It can comprehensively evaluate the credit rating of a company based on the credit level and evaluation of its cooperative enterprises, flows of goods, funds and invoices, as well as its enterprise tax and credit performance. This new model covers as many dimensions of enterprise management as possible, in a way to reduce the credit calculation error caused by single-data dimension.
With the blockchain technique, ZJLT Distributed Factoring Network hopes to provide an infrastructure for enterprises to prove and control their own credits, so as to realize the intercommunication and circulation of credit value among different enterprises and promote the vitality of the whole social ecology.
In the near future, ZJLT will build a supply chain finance based on a decentralized credit system, to help enterprises circulate their credit value, so as to greatly reduce their trust cost and enhance the efficiency of financing.