Based on point-to-point network extended credit authentication model

Abstract

Research shows that P2P technology exist many problems about reliability in the Internet credit industry. It has become particularly important to ensure the reliability of users and improve the success rate of transactions. In this paper, the traditional trust identification model is improved, and the P2P business transaction is integrated into the credit identification model as a dynamic indicator. -On this basis, a block chain is constructed with credit recognition model as intelligent contract. Through the block chain network based on the credit identification model, the credit value of each user will be dynamically evaluated. The block chain network will ensure the credibility of the dynamic indicators of transactions, so as to ensure the reliability of the customer credit value evaluation. Therefore, a quantitative standard that both parties can trust can be established. Without the guarantee of the third party, both sides of P2P transaction can define the trustworthiness of the transaction parties. That guarantees the reliability of the transaction.