Blockchain-driven framework for financing credit in small and medium-sized real estate enterprises
Journal of Enterprise Information Management
ISSN: 1741-0398
Article publication date: 2 January 2024
Issue publication date: 21 February 2024
Abstract
Purpose
This study aimed to improve the financing credit evaluation for small and medium-sized real estate enterprises (SMREEs). A financing credit evaluation model was proposed, and a blockchain-driven financing credit evaluation framework was designed to improve the transparency, credibility and applicability of the financing credit evaluation process.
Design/methodology/approach
The design science research methodology was adopted to identify the main steps in constructing the financing credit model and blockchain-driven framework. The fuzzy analytic hierarchy process (FAHP)–entropy weighting method (EWM)–set pair analysis (SPA) method was used to design a financing credit evaluation model. Moreover, the proposed framework was validated using data acquired from actual cases.
Findings
The results indicate that: (1) the proposed blockchain-driven financing credit evaluation framework can effectively realize a transparent evaluation process compared to the traditional financing credit evaluation system. (2) The proposed model has high effectiveness and can achieve efficient credit ranking, reflect SMREEs' credit status and help improve credit rating.
Originality/value
This study proposes a financing credit evaluation model of SMREEs based on the FAHP–EWM–SPA method. All credit rating data and evaluation process data are immediately stored in the proposed blockchain framework, and the immutable and traceable nature of blockchain enhances trust between nodes, improving the reliability of the financing credit evaluation process and results. In addition, this study partially fulfills the lack of investigations on blockchain adoption for SMREEs' financing credit.
Keywords
Citation
Lin, Y.-H., Zheng, R., Wu, F., Zeng, N., Li, J. and Tao, X. (2024), "Blockchain-driven framework for financing credit in small and medium-sized real estate enterprises", Journal of Enterprise Information Management, Vol. 37 No. 1, pp. 201-229. https://doi.org/10.1108/JEIM-01-2023-0032
Publisher
:Emerald Publishing Limited
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