But now in the blockchain system, everyone in the system can have the opportunity to participate in bookkeeping. If there is any data change in a certain period of time, everyone in the system can come to keep an account. The system will judge the fastest and best bookkeeping person during this period, write his recorded contents into the account book, and send the contents of the account book to everyone else in the system for backup. In this way, everyone in the system has a complete account book. In this way, we call it blockchain technology. GSN uses blockchain technology to apply the advantages of distributed peer-to-peer technology to the field of pan-financial services, pioneered the model of social bank in the world, built a scientific, effective and highly secure credit information system by using blockchain technology, and designed the business model of social bank on this basis. Global users use the * * * knowledge mechanism of blockchain, which has the characteristics of being tamper-free, clear and traceable. In addition, the unique security mechanism of the blockchain keeps the personal credit information, credit records and usage records of enterprises in the chain, so that enterprises and individuals with good credit records can get more trading opportunities at lower transaction costs, because the credit status of both parties can get more convenient financial services, but at the same time, they don't have to worry about the theft or disclosure of information of enterprises and individuals. GSN effectively reduces financial risks and provides enlightenment for the construction and improvement of the whole social credit system. The traditional credit management based on experience and system design has turned to the blockchain management model based on technical support, and the most advanced information management technology has been introduced, which is conducive to improving the scientific and technological content of credit management and improving the accuracy and rigor of management.
GSN's distributed peer-to-peer financial concept uses the "autonomy" of blockchain in every link, abandons the traditional "management-supervision" model and follows the "governance-service" concept, thus reducing costs. The so-called "autonomy" means that all nodes participating in the blockchain system follow the same * * * knowledge mechanism, freely exchange, record and update data without anyone's intervention, and spontaneously * * * maintain the information reliability and security of the whole blockchain system. Therefore, "autonomy" can also be called "* * * governance", that is, each participant is not a completely dispersed atom, but * *. This revolutionary change not only changed the application scenario of social credit system construction, but also played a positive and far-reaching role in establishing a perfect, healthy and safe financial application scenario and even the economic development of a harmonious society.