Data sharing in the financial sector often struggles to balance accessibility with privacy protection. While commercial banks require extensive data for due diligence and risk assessment, concerns over security, ownership, and compliance hinder data exchange. Regulatory bodies also face challenges in dynamically monitoring financial risks due to fragmented data sources. Additionally, the lack of a secure data-sharing framework prevents financial data from fully supporting SME(Small and Medium-sized Enterprises) financing, rural development, and credit system improvements.
To address these challenges, the Nanchang Central Sub-Branch of the People’s Bank of China, in collaboration with Hyperchain, developedthe Provincial Financial Data Sharing Platform.Leveraging big data, blockchain, and quantum communication technologies, the platform connects nearly 30 financial institutions and government agencies, enabling secure and efficient data exchange for credit verification, risk monitoring, and regulatory compliance. Hyperchain's blockchain technology provides the foundation for trusted data exchange, ensuring that data flows remain tamper-proof, traceable, and compliant.
A key focus of the platform is enhancing financial inclusion in Jiangxi Province. As a major agricultural hub with a trillion-yuan industry spanning grain, livestock, aquaculture, and horticulture, Jiangxi has long faced challenges in rural credit access. Traditionally, rural borrowers struggled to secure loans due to the lack of collateral, and financial institutions relied on fragmented, manually collected data from multiple government departments. Data inconsistencies, outdated records, and privacy concerns made rural credit approvals particularly difficult.
The platform’s Rural Credit Verification System bridges this gap by integrating government-verified rural data with banking credit records. Unlike conventional centralized databases, it eliminates the burden of manual data reporting for government agencies. By leveraging blockchain technology, the system ensures that all data exchanges are transparent, immutable, and cryptographically secured, fostering trust among financial institutions.The system connects 7 major and 26 subcategories of agricultural data across 96 data points, generating automated rural credit reports upon borrower authorization. This streamlined process has already facilitated over RMB 334 million(approximately USD 47 million) in rural loan approvals as of mid-2022.
By enabling secure data collection, efficient governance, and trusted sharing, the Provincial Financial Data Sharing Platform strengthens collaboration between banks, government agencies, and enterprises, enhances financial transparency, and expands access to credit—bridging the financing gap for SMEs and rural businesses.
Hyperchain actively supports the evolution of China’s financial technology landscape, driving innovation in trusted digital infrastructure and secure data ecosystems.
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