The collection effect carried out by financial institutions themselves is not good, and it is difficult to manage their standardized collection by cooperating with third-party collection agencies, which leads to the occurrence of violent collection from time to time, which is always a problem hanging over the institutions. In response to the "stubborn disease" of this industry, blockchain technology is trying to provide solutions.
The whole process of intelligent contract conversion business
"Small-amount dispersion" is an important goal of inclusive finance's in-depth development, but the traditional collection mode obviously cannot match the current demand of Internet finance in terms of cost and operation difficulty.
In recent ten years, personal consumption credit has developed rapidly. According to the data of CBRC 20 15-202 1, the proportion of consumer loans in the overall loan business has long accounted for more than 20% of the total balance of RMB loans, and the proportion has shown an overall growth trend. According to the data of the main supervision indicators of the banking and insurance industry in the fourth quarter of 2002/kloc-0, the balance of non-performing loans of commercial banks was 2.8 trillion yuan at the end of the fourth quarter of 2002/kloc-0, an increase of13.5 billion yuan compared with the end of last quarter.
Taking the practice of communication and consultation between lawyers and borrowers as an example, generally speaking, borrowers with overdue and low repayment will have a weak legal awareness, and it is not uncommon to evade debts by means of property transfer. Ordinary telephone calls and text messages have little effect. However, after accessing the court's judicial blockchain system, the parties can log on to the court website to find evidence of borrowing on the blockchain, which will put pressure on such borrowers in terms of efficiency and endorsement ability. More importantly, before the deadline, because the blockchain deposit certificate has the characteristics of being tamperable, it can play a role in urging the main body in the chain to keep the contract in good faith.
A case disclosed by the Supreme People's Court official WeChat "WeChat Gonghao" shows that a natural person Yang signed a personal loan contract with Consumer Finance Co., Ltd. (hereinafter referred to as "Consumer Finance") in the "Yin Hang Finance" App. Yang failed to repay the loan on time. After repeated reminders, Xiaojin filed a lawsuit with the court. As the judicial access party of Hangzhou Internet Court, the contract signed by Xiaojin and Yang of Hangzhou Bank has been synchronized to the judicial system. The objective facts were clear and the presiding judge conducted asynchronous mediation. After Yang couldn't deny it, he agreed to repay the money and the case was closed within 7 days.
According to the introduction of the Supreme Law, from 2065438 to September 2008, Hangzhou Internet Court officially launched the first judicial blockchain platform in China. By April 2022, the total amount of uplink data exceeded 5.69 billion, and more than 9,700 electronic evidences were obtained. The withdrawal rate of related cases exceeded 98.7%.
Immediate consumer finance said that the company has uploaded the e-lawyer letter automatically generated by the mediation platform and the mediation materials confirmed by the customer online mediation in real time based on its own blockchain technology. "The credibility of blockchain evidence has solved the problems of difficulty in obtaining evidence, evidence preservation and identification in judicial proceedings, supported enterprises to collect non-performing assets efficiently, especially improved notarization and mediation in small batches, and even improved the efficiency of evidence preservation, processing and trial in the implementation of investigation and control."
Cross-chain interoperability needs further landing
According to the person in charge, the current model adopted by the company is to cooperate with the electronic certification service organization licensed by the Ministry of Industry and Information Technology to provide full-process electronic depository services for the loan business of consumer finance companies, and provide electronic depository reports when filing a case to prove that the full-process data has not been tampered with. "This is also a common mode at present. Its advantage lies in its wide adaptability, and it can provide litigation or arbitration services in a number of courts or arbitration committees that meet the requirements of jurisdiction. The disadvantage is that it is necessary to communicate with the court and the arbitration commission to confirm the validity of the electronic deposit report at the beginning, and it takes time to review the electronic deposit report corresponding to each case when filing a case. "
At the same time, the above-mentioned person in charge does not hide the expectation of emerging technologies: for the judicial blockchain, the consumer finance business is combined with the court-led judicial blockchain. When the overdue repayment dispute is submitted to the court for filing, the consumer finance company can directly authorize the court to retrieve the information of the whole business process, effectively simplify the submission process of evidence materials, ensure the authenticity of evidence materials, improve the effectiveness of evidence chain and the efficiency of reviewing evidence materials, and realize rapid filing and efficient trial. "The submission and docking of data through this technology is expected to further increase the effective protection of personal information."