Taiwan Province. The Social Lending Foundation will devote itself to building a new financial lending ecosystem in the field of digital assets, solving the problems faced by traditional centralized institutions, coping with the future financial behavior of the digital economy and serving the digital financial ecosystem. Social elements will also be introduced to make community, knowledge and digital trust play a greater role in the decentralized ecosystem.
The traditional ecosystem of Internet finance faces the following important challenges in its development:
1. Trust crisis in centralized trading system. Centralized nodes play the role of credit intermediary, even banks will have great credit risk. Bank's behavior in the subprime mortgage crisis; Some opaque operations of P2P have brought great hidden dangers to the whole ecology.
2. The cost of fund management is high. The development cost, maintenance cost and transaction cost of fund deposit, third-party payment and reconciliation are all very high. These complicated links will undoubtedly raise the financing cost of the whole ecology, which also goes against inclusive finance's original intention.
3. The market operation cost is high. At present, customer traffic in the Internet field has been monopolized by traditional Internet giants such as Google, Facebook, Alibaba and Tencent. The high traffic purchase cost and customer acquisition cost further increase the financing cost of the whole ecology.
4. Globalization is hard to expand. In the field of Fiat, the global expansion of Internet financial institutions will be subject to many constraints. There are great difficulties in financial supervision and capital flow. Every expansion of overseas operations involves brand-new business processes, and it is difficult for operations in different countries and regions to produce synergistic effects.
Blockchain cannot be tampered with, open and transparent, and decentralized operation. These characteristics can be used to solve some problems of the traditional Internet financial ecosystem. The Social Lending Foundation will establish a "target ecosystem" in the field of encrypting digital currency.
This decentralized financial lending infrastructure and ecosystem has the following advantages:
SLN will provide safe, convenient and modular services based on the underlying architecture of Ethereum. Moreover, SLN will gradually launch the BaaS open platform to provide services for the entire digital asset financial lending ecosystem, including borrowers and lenders, network traffic owners, credit data service providers, risk control service providers, mortgage guarantee institutions, post-lending management institutions and asset management institutions. To build a sound and reasonable open ecosystem.
In order to activate and serve this open ecology, complete the business closed loop. SLN platform will provide the following modules and basic services:
1.SLN Dapp and distributed digital wallet.
SLN digital wallet will be integrated into SLN's Dapp Honeycomb Planet. SLN ecological participants can use SLN Dapp or directly develop their own Dapp, and call all the functions of SLN platform through BaaS.
2. Core business module.
It carries the main business logic of decentralized financial lending ecology, such as lending logic, creditor's rights transfer logic, mortgage, delivery and so on. The core function of this module is encapsulated in the smart contract based on Ethereum. SLN core business module will at least contain the following business logic, and gradually expand its derivative products:
(1) credit lending logic.
(2) The logic of mortgage loan.
(3) Financial investment business logic.
(4) secured lending logic.
(5) Neutralize ABS business logic.
3. Authentication and authorization module.
Realize the following functions:
(1) distributed encrypted storage, which is not available on the SLN platform itself.
(2) User data is mastered and controlled by users themselves, and can be viewed by authorized designated roles.
(3) The signature hash will be stored in the chain to ensure that the data will not be tampered with by others.
(4) Each credit data and the signature of the data provider are stored separately, which is a more flexible way of profit sharing.
4. User relationship network
The user relationship network will record:
? The relationship between people and their attributes
? The relationship and attribute between people and community
? Relationships and attributes between communities
? User n-degree relational network diagram
5. Distributed data storage.
6.SLN Oracle Bone Inscriptions interface.
In order to maintain information interaction with traditional centralized nodes or other external nodes, SLN will introduce Oracle interface to complete this task. For example, reading the quotation of digital assets through Oracle Bone Inscriptions; Obtain external risk control tools and data; Get external operation instructions and so on.
7. community DAO module.
As a member of the SLN Ecological Road Organization, the SLN project team will assist the SLN ecology, constantly maintain and upgrade itself according to the actual situation, adapt to the surrounding environment through continuous self-improvement, and provide technical support and other help. For example, the SLN community disperses credit scores and agrees on the punishment rules for false information, and then the DAO module of the SLN community establishes these rules in the form of smart contracts and executes them.
Anyone, any organization and any institution can participate in the construction of decentralized financial lending ecosystem of social lending network based on their own resources and services, obtain tokens according to their own contributions and consume tokens according to the rules.
Social Lending Foundation will launch ERC20 standard Token and Social Lending Token(SLT) based on Ethereum to realize the value transfer in the whole decentralized financial lending ecosystem.
SLN is an open platform and ecological participants, who pay or receive money by purchasing and providing services within the ecosystem.
SLT. These services include but are not limited to:
(1) transaction service fee (transaction gas)
(2) Information service fee (information gas)
(3) Ensure the service gas.
In addition, for different countries, different regions and different economies, SLT can provide cross-border, cross-currency and cross-scenario financial lending services, break down the barriers of the original financial lending services and promote the ecological upgrading of global financial lending.
Based on the attribute of GAS, platform users can choose to pay more SLT to get better service, and the nodes participating in the service are also willing to provide faster and better service.
In addition, the social loan takes the SLT with a preset total issuance of 65,438+00% as the incentive fund, and makes the following two main institutional arrangements:
(1) Ecological expansion incentive: Encourage more partners to participate in the decentralized financial lending ecology of SLN.
(2) Ecological activation incentive: encourage users to carry out business in the ecosystem and promote the formation of a positive spiral of ecological closed loop.
The total circulation of SLT is 654.38+0 billion, and the specific distribution is as follows:
CEO: Henry Yang
Peking University BiMBA, MSGF from Fordham University in new york, USA, MBA from Vlerick Business School of Leuven University, winner of NASDAQ Scholarship, has many years of TMT industry and investment experience. He once founded Aipinbao, a white-collar mutual aid platform, and served as CEO of PAG auto finance Lemijinfu and founder of Xunbird Data. From 20 15, the cross-application research of blockchain and intelligent risk control, technology and finance began. 20 17 joined Yunfeng technology as VP of market and strategic cooperation.
Chief Technology Officer: Jason Gu
Bachelor of Computer Science from Beijing Institute of Technology and Master of Software Engineering from Macau University. He has worked in Siemens, Motorola, Baidu and other companies and held technical management positions. One of the main architects of Baidu cloud OS system. 20 14 began to learn and participate in the blockchain project. 20 17 joined Yunfeng technology as vice president of products and technology.
CDO: Wei
Bachelor's degree in automatic control from Xi Jiao Tong University and master's degree in automatic control from Department of Aeronautics and Astronautics. Senior research fellow, Lucent Bell Laboratories; Motorola mobile communication software architect; Director of R&D Blackberry China; Many entrepreneurial experiences in the fields of Internet and financial technology; He has rich research and development experience in the fields of underlying communication protocols, network security, data algorithms and blockchain.
The social loan project team is mature and stable, with nearly 100 R&D and operation teams. Market channels cover the whole country. The core members come from well-known enterprises such as Ali, Netease, Baidu, Ping An Bank, Minsheng Bank and CreditEase. They have strong fighting capacity and are really capable of landing in business.
The project work is also in full swing, and the road map is as follows:
The social loan project team will face all kinds of innovations and opportunities with an open mind. From business to technology, we continue to invest in the following strategic directions:
1. Internationalization
2. Open technology platform
3. Artificial intelligence empowerment
Generally speaking, the speed of social lending business, the openness of the platform and the operation of the community are its advantages, and the quality and quantity of the team should not be underestimated.