WCT Facilitates the Convenience of Intellectual Property Pledge Financing
Small and medium-sized enterprises often face financing difficulties due to a lack of traditional collateral. Intellectual property pledge financing has developed slowly because of complex evaluations and difficulties in realization. WCT puts proof of ownership and value assessment reports of intellectual properties such as patents and trademarks on the blockchain, allowing financial institutions to quickly assess the value of pledged assets based on on-chain data, thus completing financing and disbursement based on WCT. After piloting WCT intellectual property pledges in a certain technology park, the financing approval rate for enterprises increased by 40%, and the financing cycle was shortened by 50%, enabling “asset-light” enterprises to obtain more financial support.