Yancheng Dongtai: Fintech empowers iterative upgrading of the cocoon industry

In Fu’an Town, Dongtai City, Yancheng, the hometown of silkworms and the “cocoon capital of China”, the last season of this year’s silkworm cocoons – late autumn cocoon weighing and purchasing has ended. Qinfeng Village silkworm farmer Ben Weiguo shared his joy with reporters with his fingers: “My family raised two and a half species of cocoons in late autumn this year, with a yield of just over 90 kilograms per unit, and the price was good. Although we encountered unfavorable factors such as low temperatures in the early part of this year, thanks to the smart cocoon platform that helped us a lot, we never imagined that we would be able to harvest cocoons in the last season. It’s a “tail lift”.

The smart cocoon platform that Ben Weiguo refers to refers to an integrated smart cocoon acquisition platform tailored and developed by the local financial institution Dongtai Rural Commercial Bank around all aspects of local sericulture production.

Fu’an Town is a famous mulberry cocoon town in my country. The efficiency of mulberry orchards and the quality of silkworm cocoons have been at the forefront of the country for many years. However, mulberry planting and silkworm rearing are a traditional industry. All aspects of mulberry planting, raising, and purchasing are still manual. Carrying, carrying, leg walking, and oral calculations are the norm in the industry. Especially during the cocoon purchasing season, there is a “tidal wave” of funds. Manual settlement of cocoon payments is inefficient and error-prone. In response to the industry’s pain points and difficulties, Dongtai Rural Commercial Bank, as the main service bank for Dongtai’s cocoonsilk industry, formed a project team to tackle the problem. It took more than 11 months to successfully develop an “all-in-one” Intelligent cocoon acquisition platform”.

This platform collects each silkworm farmer’s historical breeding scale, cocoon sales records, silkworm seed distribution and other information, providing a basis for Cocoon Silk Company to accurately estimate and control the current year’s breeding scale and carry out key technical measures. In the most tedious process of purchasing cocoons, identification of silkworm farmers, weight entry, cocoon valuation, weighing review, automatic printing of code sheets and arrival of funds can all be completed with one click on the mobile phone, greatly improving the efficiency of the purchase.

Whether it is the busiest part of breeding or the crowded harvest and settlement, relying on this platform, you only need to open your mobile phone and click lightly, from technical guidance, pest control to purchase and settlement, and cocoon payment issuance, everything can be done with one click. , greatly simplifying and optimizing the process flow, reducing manual trivialities and human errors.

Xu Deqing, the head of Funan Cocoon Station in Fu’an Town, said excitedly: This year’s collection of cocoons cooperated with Dongtai Rural Commercial Bank and used this integrated intelligent system. The settlement accuracy rate is much higher than in previous years, and the identity of the silkworm farmer’s ID card and name is relatively high. , the payment error rate is greatly reduced.

At the same time, the platform integrates historical acquisitions and other external data to objectively reflect the actual operating conditions of enterprises and silkworm farmers. Through analysis and modeling, banks can conduct credit and risk “portraits” for enterprises and individuals, and provide corresponding credit support, thereby empowering It can support the entire industrial chain and precise drip irrigation to support industrial upgrading. Since the entire settlement platform was put into operation, the number of service cocoon stations of Dongtai Rural Commercial Bank has increased from 24 to 47, serving an additional 22,000 sericulture farmers, and granting credit of 200 million yuan, which has strongly supported the development of sericulture production.

Han Yang, President of Dongtai Rural Commercial Bank, said: In the next step, the reach of financial technology empowerment will be traced upward to the mulberry planting industry and fertilizer supply industry, and extended downward to silk reeling, weaving, printing and dyeing, clothing, home textiles, comprehensive Utilization, commercial circulation, and cultural tourism form a whole industry chain scenario finance, contributing the wisdom and strength of rural commercial banks to the transformation and upgrading of the cocoon industry.

AAA

Disclaimer:

Disclaimer: Some of the texts, pictures, audios, and videos of some articles published on this site are from the Internet and do not represent the views of this site. The copyrights belong to the original authors. If you find that the information reproduced on this website infringes upon your rights and interests, please contact us and we will change or delete it as soon as possible.