filecoin-project / notary-governance

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jinshizichan asset management non-performing asset data #792

Closed yaoyuanww closed 1 year ago

yaoyuanww commented 1 year ago

Application information

Link to existing LDN application(s)

Are you the data owner?

Is the data private i.e., encrypted or not meant to be retrieved by anyone else on the network?

Data owner information

Data owner description

Details on the data owner background, source of funding, etc. Shanghai Jinshizichan Asset Management Co., Ltd. was established in November 2015 with a registered capital of 14 million USD. The company specializes on management of non-performing assets. The company is registered in Shanghai, and has set up Qingdao headquarters, Beijing branch, Shanghai branch, Shenzhen branch and Nanjing branch and other regional operation services. The main business focuses on Shanghai, Beijing, Qingdao, Shenzhen, Yangtze River Delta and Pearl River Delta. Adhering to the basic principles of safety, efficiency, rapid realization and asset revitalization, we are committed to build a one-stop service platform for special asset disposal .The company has talented teams in project development, resource integration, due diligence, risk control, asset disposal and other areas, the team members are mainly composed of financial institutions, AMC, practicing lawyers, auditors, accountants and other professionals. Today, the company has established close cooperative relations with many well-known domestic service institutions. At present, the assets under management exceeds 200 million USD. The business scope of the Shanghai Jinshizichan Asset management is composed of:

  1. Acquisition and disposal of non-performing assets
  2. Enterprise debt restructuring
  3. Asset foreclosure sales services

The data storage project is mostly about Acquisition and disposal of non-performing assets. Acquisition and disposal of non-performing assets mainly provides acquisition and disposal services for non-performing loan business generated by banks, trusts, funds, small loans and other licensed financial institutions. Among many financial businesses, real estate, land and commercial mortgage assets are the mainstream assets in the acquisition and disposal of non-performing businesses. Banks, trusts, small loans and other licensed financial institutions engaged in financial services, special enterprise financing loans, there are a large number of real estates, commercial, industrial land and other property mortgage financial business, in recent years affected by the macroeconomic environment, the non-performing assets of financial industry has increased rapidly. In order to quickly recover capital, reduce losses, and meet regulatory requirements, financial institutions have a large number of disposal needs for non-performing assets. At present, the main asset classes that Jinshizichan Asset Management focuses on are high-quality non-performing assets such as residential mortgages, commercial and industrial. The data we would like to store on fiecoin network mostly derived from information Collection, due diligence and asset disposal part of the business operation.

  1. Information Collection. Through information collection and channel recommendation, collect information from financial institutions
  2. Asset due diligence. Through its legal team and accountant team, Jinshizichan Asset Management conducts full due diligence on assets, including asset appraisal, debt relationship combing, asset preservation investigation, debtor interview, legal risk investigation, asset market recommendation, etc.
  3. Asset disposal. After obtaining the asset package, Jinshizichan will negotiate with the debtor to repurchase and settle, transfer creditor's rights or apply to the court through a lawyer to auction the collateral online to execute the payment.

Project Description

What is the motivation behind onboarding this data to Filecoin?

Those due diligence data is extremely important for the business, to have those data stored in a decentralized, safe and cost effective way is something we are looking for a long time, Filecoin network comes highly recommended to us in such capacity.

What organizations are involved in this project? Sources of funding, SPs partnering in onboarding, other service providers, etc.?

We are working closely with Linkspeed to get onboard with Filecoin network, and we will fund this project on our own.

Transparency in KYC

If you are not the data owner, please email filplus@fil.org with you and the data owner on a thread so at least the Fil+ governance team can act as a lightweight KYC check.

Are you going to offer NDAs to notaries?

Dataset description

What is being stored on the network? Please provide as many details as possible on the dataset and its size. Jinshizichan is the industry leader in the non-performing assets management space. The data we intend to store on the filecoin network will mostly be client’s non-performing asset video and pictures. Currently, we have over 80000 commercial, industrial and residential properties information in storage, each property has at least 4 videos and 20 pictures. Total storage usage is around 200T. And with Chinese worsen economic environment, there are tons of new non-performing assets on the market every day. As we are looking for more cost-effective and safe way to store these valuable data, Filecoin network is a good choice of storage solution for us. We intend to store 4-5 duplicates

Why is it useful to the Filecoin network?

Please share details on how your project may use Filecoin in a novel way, extend or experiment with different use cases, or result in useful development in the ecosystem. The essential part of non-performing asset management is to evaluate the asset with precision. To that end, large amount of high quality visual data such as video and pics will go a long way to help our appraisal professionals to evaluate the assets. The value of those assets data is what make jinshizichan a successful and sustainable business. I suppose for any web 3.0 ecosystem to thrive, more financial projects, especially those with connection to the real world economy, onboard are a huge plus. Furthermore, the more valuable data on the filecoin network, the more valuable filecoin becomes as a viable storage network provider.

Storage needs

Is the data to be stored in a single region, either due to geopolitical constraints or data owner policy?

Which SPs will you/the data owner be working with to store the data?

If all the SPs have not been chosen at the time of issue submission, feel free to edit and update the form as they are chosen. If you need support on finding reputable SPs, please check out filgram.io, filrep.io, plus.fil.org/miners, or Filecoin Slack channels: #fil-plus, #fil-deal-market

SP ID SP org SP region
f01901773 China
f02002918 China
f01906874 Linkspeed USA
f01997834 USA

How were these SPs identified?

we are working with Linkspeed, for the rest SPs, we will find them through referral or slack

Notaries that support the project

Notaries perform KYC/KYB to validate the legitimacy of data and organizations. To find supporting notaries please view the list of round 3 notaries and post your LDN application in the Filecoin slack channel #fil-plus-application-review. Feel free to update the form as you gain support over time and more notaries are willing to support your application.

Notary name Notary org Notary region
na org region
kevzak commented 1 year ago

@yaoyuanww you should look to acquire additional SP support and add the SPs to this list in order to get notary approval. Let us know if you need help to find.

yaoyuanww commented 1 year ago

@kevzak Thanks for the reminder, we have updated the SPs

large-datacap-requests[bot] commented 1 year ago

Thanks for your request! :exclamation: We have found some problems in the information provided. We could not find your Name in the information provided We could not find your Filecoin address in the information provided We could not find the Datacap requested in the information provided We could not find any Web site or social media info in the information provided We could not find any Expected weekly DataCap usage rate in the information provided We could not find any Region in the information provided

Please, take a look at the request and edit the body of the issue providing all the required information.
large-datacap-requests[bot] commented 1 year ago

Thanks for your request! :exclamation: We have found some problems in the information provided. We could not find your Name in the information provided We could not find your Filecoin address in the information provided We could not find the Datacap requested in the information provided We could not find any Web site or social media info in the information provided We could not find any Expected weekly DataCap usage rate in the information provided We could not find any Region in the information provided

Please, take a look at the request and edit the body of the issue providing all the required information.
large-datacap-requests[bot] commented 1 year ago

Thanks for your request! :exclamation: We have found some problems in the information provided. We could not find your Name in the information provided We could not find your Filecoin address in the information provided We could not find the Datacap requested in the information provided We could not find any Web site or social media info in the information provided We could not find any Expected weekly DataCap usage rate in the information provided We could not find any Region in the information provided

Please, take a look at the request and edit the body of the issue providing all the required information.