Social credit system has existed quietly since 1894 BC when the first human dynasty, ancient Babylon, was born. After a long history of development, the social credit system was dominated by the government with developed countries such as Europe and America as typical representatives. The central credit registry in these countries is only for the central banks or commercial banks that carry out monetary policy.

Therefore, the central credit registration system is only an internal credit risk control tool for banks, and cannot replace the social credit system. The emergence of local social credit intermediaries in countries such as Europe and the United States compensates for the establishment of a social credit system and complements the central credit system. However, profit-oriented private credit agencies often become a breeding ground for unscrupulous elements again.

In the system design of HGF Technologies Inc, each person can choose whether to participate in the economic cycle matching mechanism of the platform based on the credit report provided by the platform and the ledger data of the blockchain browser, allowing the market to operate under a decentralized service. In this way, in the platform, the choice based on credit returns to the user, rather than being delivered to a third-party intermediary machine. The market participants are rewarded by the AI algorithm of the HGF Technologies Inc platform, based on the total amount of data to be allocated and the blockchain system to be used.

Today, HGF Technologies Inc (Hand in hand global finance), based on blockchain technology, will provide an open source personal credit data management framework DCDMF (Distributed Credit Data Management Framework) based on a specific cloud storage provider, which allows users to Users can quickly create personal credit data through DCDMF according to their usage needs, and quickly export credit-related data and perform social activities in the HGF platform.

On January 3, 2009, the Bitcoin Genesis block was born under blockchain technology. It brought the world a decentralized credit system based on a new generation of Internet technology, thus laying a solid foundation of "trust" and creating unlimited possibilities.

HGF Technologies Inc (Hand in hand global finance) has been committed to creating a circular economy scenario suitable for mass market use, adhering to the purpose of providing the most appropriate financial services for all.

l Looking to the future with technology

With the globalization of the economy and the increasing frequency of cross-regional and cross-border social and economic activities, the credit system of many regions in the world has lost its significance and HGF Technologies Inc has established a decentralized credit system in line with the world. Globally, HGF Technologies Inc has expanded its membership to 58 countries. In the future, HGF will continue to build a world-class social credit system and use technology to continuously deepen the impact of HGF's social credibility.

l Quality through service

Compared with the traditional central credit rating and social intermediary credit agencies, the HGF Technologies Inc credit platform built with blockchain technology adopts distributed storage, and on such a "public ledger" platform, the safety, circulation and convenience of information are far better than the previous complicated and cumbersome centralized credit platform.

l Create value with credit

In response to the current situation of social credit system development,HGF Technologies Inc establishes a flat user operation platform with a decentralized and transparent data disclosure system that encompasses all sectors of society, providing a social credit inquiry window for enterprises and individuals to accelerate the circulation of social finance.

In the global epidemic outbreak in 2020, 20.5 million people in the U.S. lost their jobs, and the unemployment rate soared to 14.7% creating the highest value since the 1930s except for the Great Depression; in Europe, 10% of small and medium-sized enterprises faced bankruptcy, and people faced unemployment when they opened their eyes.

Behind this global epidemic, the HGF Global Social Credit System has helped countless families and businesses with integrity.

Here, let's return to our original dream. To build a community of human destiny with credit for the future, breaking through national boundaries - HGF Technologies Inc.

Everyone can have a richer life!

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