A lending scheme based on smart contract for banks

Abstract

In this paper, we work towards bank loans. This task is nontrivial due to the following problem: small enterprises and individuals have difficulties in lending, banks bear high risks, and the lending business is greatly affected by the subjective influence of staff. Towards this end, we propose a novel loan investment model and smart contract algorithm. Afterwords, we build an intelligent risk control evaluation algorithm based on deep learning. To justify our work, we implemented a distributed application that can run safely. In addition, using the data set of paipai loan, the accuracy of our intelligent risk control evaluation algorithm is 94.33%.