"Key Highlights - Establishing a Market-oriented Credit Platform through the Collaborative Development of Blockchain and Government Regulatory Systems, Solving Trust Issues among Credit Institutions, and Ensuring Data Reliability and Security."

The SDK lowers the entry barriers for institutions, breaks down the barriers for cross-border credit interoperability, and builds a financial credit technology for the interconnected Greater Bay Area.

"Financial Credit Technology - Using Blockchain and Government Systems Collaboration as Examples" refers to two blockchain government systems: "Bay Area Credit Treasure" and "Bay Area Credit Bureau." The services cater to a wide range of users, including Hong Kong and Macau residents, mainland residents, corporations, and government entities. The system offers different product solutions based on the needs of different user groups.

"Bay Area Credit Treasure" service: Targeting small loans, item rentals, and other activities.

"Bay Area Credit Bureau" service: Targeting investment, financing, large-scale credit transactions, and other major transaction activities.

For the "Bay Area Credit Treasure" aimed at small loan groups, credit scores are calculated on a quarterly basis. For the "Bay Area Credit Bureau" serving large-scale transaction groups, the service provides access to credit reports through data uploading.

The product provides a software development kit (SDK) that allows financial institutions to integrate Bay Area Credit Bureau services into their own mobile applications. The SDK package offers real-time credit score and credit report inquiry functions. For example, a provider of shared power banks can verify user eligibility for renting through SDK integration, and when applying for a loan, users can check their credit reports through a single Industrial and Commercial Bank of China (ICBC) app.

#ICBC Cup #3rd Macau University Fintech Innovation Competition #ICBC Macau #Macau University Students #Igniting Youth with Creativity #Fintech #Blockchain