Application of Edge Computing Combined with Blockchain Technology in Risk Control System

  • Xiaofei Deng, Ting Zhang, Zhigang Zhang

Abstract

As the rapid development of financial technologies such as cloud computing, big data, blockchain and edge computing accelerates the contradiction between the financing problem of micro, small and medium-sized enterprises (MSMEs) and the risk control management model of traditional supply chain finance, how to effectively use financial technology to strengthen the management of risk control field is an urgent problem for commercial banks to consider and solve. Therefore, in this paper, according to the advantages of edge computing and blockchain, an intelligent risk control system based on the combination of edge calculation and block chain is proposed, and the key technologies, system framework and process of this system are introduced and analyzed, which provides a new perspective for commercial banks to deal with financial risks, assists them to in accurate risk management, reduce risk investment, take advantage of resources reasonably and effectively, and enhance their ability to defend risks.

Published
2020-12-30
How to Cite
Xiaofei Deng, Ting Zhang, Zhigang Zhang. (2020). Application of Edge Computing Combined with Blockchain Technology in Risk Control System. Design Engineering, 495 - 506. Retrieved from http://www.thedesignengineering.com/index.php/DE/article/view/1018
Section
Articles