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Industrial Digital Finance Can Break Down Information Asymmetry Barriers between Banks and Enterprises
Date:03.14.2024 Author:LIU Jiang - Chairman of Cloud Chain

Abstract: The future of industrial finance should follow the path of “digitization + platformization.” To achieve platformization, it is necessary to establish relevant infrastructure in terms of enterprise identity authentication and digital invoicing. An industrial digital finance platform can break down the barriers of information asymmetry between enterprises and banks, ensuring the authenticity of data, reducing financing costs for businesses, and improving financing efficiency. The development of industrial finance requires a platform-oriented mindset to digitize industries and transform digital data into assets.