Blockchain Virtual Resource Allocation for Loan Systems
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Solution Overview
Problem
Existing virtual resource allocation and financing loan systems face challenges in efficiently utilizing idle resources and reducing labor costs, as they often rely on centralized databases that are vulnerable to tampering and lack transparency.
Innovation Solution
Implementing a blockchain-based system that enables virtual resource allocation and financing loan methods within a blockchain network, where network nodes of resource providers and financial institutions perform identity authentication, resource allocation/logic execution, and evidence storage transactions, ensuring tamper-resistance and transparency.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If centralized databases are used for resource allocation, then system complexity is reduced and ease of operation is improved, but data security and transparency deteriorate due to vulnerability to tampering
Solution Approach 1:
The patent introduces blockchain technology as an intermediary layer between the resource allocation system and the database. The blockchain network nodes collectively maintain a distributed ledger that records resource allocation transactions, serving as a trusted mediator that ensures data integrity and transparency while reducing vulnerability to tampering compared to centralized databases
2Reliability
If blockchain technology is implemented for resource allocation, then data security and transparency are improved, but system complexity increases
Solution Approach 1:
The patent segments the resource allocation system into multiple independent blockchain network nodes that each maintain copies of the distributed ledger. This segmentation allows the system to achieve high data integrity through decentralization while managing complexity by distributing functions across multiple independent entities rather than requiring a single complex centralized system
3Productivity
If traditional resource allocation systems are used, then implementation cost is reduced, but resource utilization efficiency deteriorates due to inability to effectively schedule idle resources
Solution Approach 1:
The patent creates a universal blockchain-based resource allocation platform that can handle multiple types of resources and allocation scenarios through a common framework. This multi-functional system enables effective scheduling of idle resources across different domains while maintaining reasonable implementation costs by avoiding the need for separate specialized systems for each resource type
Data Source
AI summary
Disclosed herein are methods, systems, and apparatus, including computer programs encoded on computer storage media, for handling blockchain-based loan application. One of the methods includes: obtaining a loan application sent by the client device of the loan applicant, wherein the loan application comprises identity information of the loan applicant for identity authentication; determining that the loan application is approvable based on the identity information; performing a loan issuance logic to issue a loan to the loan applicant with a loan amount according to the loan application; and sending a request to one or more blockchain nodes of the blockchain network to store a transaction record of the loan to a blockchain, wherein the transaction record includes the identity information and the loan amount.