Skip to main content

New Finance Token – driven by individual data, empowers financial intelligence to each individual

By: Get News

At the moment, the US-China trade war is getting serious, the stock market has fallen, and the entire financial world is bleak! This means that the traditional and rigid financial system in the past with all data held in the hands of the giants, has largely failed to support the needs of current individual development. In addition to the entering of consumerism society in the 21st century, under the influence of the Internet, the consumption pattern of individuals in the financial sector has also undergone great changes. That’s why it requires a new individualized financial system right away.

The New Finance Token (NFT for short) is a financial system that adapts to individual consumption. The birth of NFT empowers financial intelligence for each individual, aiming to help creating a super-intelligent self-financing application that belongs to individuals via big data analytics.

The application will utilize blockchain smart contract, combining with big data analysis, to build a “NFT self-credit agreement” to solve the following problems for individuals in the new era: information asymmetry and information opacity, unsecured personal privacy, SME loan difficulties and high bad debt ratio of the banking institutions. Which is creating a new type of credit investigation system in the field of lending.

In the end, driven by individual data, each individual can easily generate, manage and apply their own “NFT” in the finance industry through a new credit investigation system based on data and materials as the measure of value. Each individual on internet can then enjoy a simple, free and equal financial life.

Of course, not only in the field of lending. NFT also optimizes its own advantages to help more and more financial technology to apply successfully in the new commercial areas, providing services as: information and compact services for financial institutions, individual digital asset management and smart investment etc.

So, what is the difference and advantage of NFT compared to the traditional credit investigation system?

    

As a new financial system, NFT surpasses the traditional economy which was built on top of the value of physical assets. In the measurement of the value of data and material assets, the appliance of blockchain technology to construct a brand new financial system; through big data, provides individuals with intelligent lending, intelligent financial management, intelligent funding, intelligent travel, smart investment and other services, make everyone capable in intelligence management and creating more financial assets, digital assets, and achieve continuous value-added assets.

By then, NFT will help the financial industry effectively improve efficiency and reduce risks. By removing the dependence of financial services on the excessive intermediary institutions, it accelerates the completion of financial transactions and reduces the cost at the same time, which would fundamentally change the face of the future financial industry.

NFT’s intelligent self-credit assessment service application will use the dual value measurement system to construct various credit evaluations. For example, NFT can build a credit scoring model for lending and a credit grading model for consumption behavior. It is based on a multi-dimensional value measurement system for the comprehensive evaluation and processing of the massive individual data. Finally, a personal credit grading model is created to build  self-financial applications.

We could say that the credit record generated by NFT, combined with big data, artificial intelligence, smart contracts and other technologies, will effectively improve the efficiency of risk pricing and risk management. When other companies face NFT, forward-looking companies will integrate NFT into their businesses. If financial practitioners lack a understanding of NFT technology and cannot recognize its subversive potential, then it is likely to be passive in future changes.

As a pioneer in the blockchain big data application field, NFT can support various credit services such as travel, accommodation, reading, party, shopping, entertainment and etc. through this unchangeable credit system.

At the moment, the appliance of blockchain technology to the financial sector is only at the beginning stage, but it has provided a huge imagination for the future of the financial industry.

Media Contact
Company Name: Global News Online
Contact Person: Media Relations
Email: Send Email
Country: United States
Website: http://www.globalnewsonline.info/

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.