Blockchain-based Distributed Financial Trust Evaluation System and Operation Mechanism

Meng Wu; Anthony Ang Sang Nang

doi:10.54097/jid.v5i1.11

Authors

Meng Wu
Anthony Ang Sang Nang

DOI:

https://doi.org/10.54097/jid.v5i1.11

Keywords:

DeFi, Blockchain, Distributed Finance System, Credit Governance

Abstract

The functioning of the present-day financial system relies on the movement of funds and information. DeFi (Decentralized Finance), utilising blockchain technology, possesses the capability to establish autonomous and trustworthy smart contracts that do not require the involvement of intermediaries for escrow and auditing purposes. This results in the creation of a financial system that is characterised by its openness and transparency, devoid of any form of identity-based discrimination, and accessible to all individuals. The utilisation of a private blockchain system facilitates enhanced efficiency, while concurrently ensuring the attainment of privacy and security objectives. Moreover, such a system aligns more closely with prevailing regulatory standards. The Coalition Chain has the characteristic of a scale-free network, with its nodes following a power law distribution. This work aims to investigate credit governance from the standpoint of group behaviour and provide optimisation solutions accordingly.

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