According to reports, the blacklist sharing platform in the fabric alliance chain based on the realization of the national secret algorithm, including the add, query, blacklist and delete the four major functions.
Specifically, financial institutions publish the blacklist data generated by the organization as a transaction on the blockchain and issue points to earn points for checking blacklist data published by other agencies. When the data is fraudulent, the inquiring institution may prosecute the data provider in the system.
Suning Financial further revealed that in the future, with the precipitation of blockchain technology, the above-mentioned blockchain blacklist sharing platform will also include various financial credit data such as graylists, whitelists and customer labels, which will ultimately create cross-industry products. Credit Data Sharing Platform.