Multiple banks are competing to promote computing power loans, but how far can credit based on computing power go?

Recently, the launch of Guangdong Province's first special financial product for the token economy, "Token Loan," has sparked heated discussions. This product uses core credit assessment criteria such as the consumption of enterprise computing power tokens, the value of computing power service contracts, accounts receivable generated from computing power business, and the settlement volume of token commissions to provide credit limits for enterprises. Market participants believe this is similar to the "cash flow loan" that emerged during the rise of e-commerce, which was based on "using cash flow to prove credit," whereas now it is about "using computing power to prove credit." However, while e-commerce cash flow represents realized financial transactions, token consumption is merely an indicator of business activity, indicating a substantial difference between the two. Experts are more inclined to view computing power as a supplementary dimension for the credit of technology-based enterprises rather than a replacement for the traditional credit system.