my country's first financial blockchain international standard passed the project approval

Shanghai Securities News China Securities Network News (Reporter Li Dandan) The reporter learned from the official website of the National Financial Standardization Technical Committee that from June 22 to July 3, 2020, the Sixteenth Study Group (SG16) of the International Telecommunication Union Telecommunication Standardization Sector (ITU-T) ) plenary session held online. At the meeting, the International Standard "Application Guidelines for Financial Distributed Ledger Technology" was proposed by the Digital Currency Research Institute of the People's Bank of China (hereinafter referred to as the "Digital Research Institute") and jointly sponsored by China Information and Communication Research Institute, Huawei and other units. "(Financial Distributed Ledger Technology Application Guideline) was successfully established in ITU-T SG16.

Voice | Chen Xinguang, a researcher at the Shanghai Research Institute: To speed up the technology research and development and innovation of China's blockchain: Chen Xinguang, a researcher at the Shanghai Research Institute, said in an article that to speed up the technology research and development and innovation of China's blockchain, the following points are needed: First, we It is necessary to take blockchain as an important breakthrough point for independent innovation of core technologies, promptly introduce blockchain technology and industrial development support policies, clarify the main direction of attack, increase investment, and focus on overcoming a number of key core technologies through collaborative research; the second is to strengthen Blockchain standardization research, enhance international discourse power and rule-making power, and further open up the innovation chain, application chain, and value chain; third, domestic key enterprises, scientific research, universities, and user units should strengthen alliances to speed up consensus mechanisms, programmable contracts, Distributed storage, digital signature and other core key technology research; the fourth is to accelerate the deep integration of blockchain and artificial intelligence, big data, Internet of Things and other cutting-edge information technologies, and promote integrated innovation and integrated applications. It is believed that my country's new development practices will promote blockchain technology and theoretical innovation, actively promote the integration of blockchain and economic and social development, and enable blockchain technology to play a greater role in building a network power, developing the digital economy, and helping economic and social development. effect. [2019/12/10]

At present, major countries and international organizations in the world have accelerated the technological innovation and application exploration of the layout of the blockchain. my country has a good foundation in the field of blockchain, and is accelerating the innovation and development of blockchain technology and industry, and promoting the role of blockchain in the social economy. In the financial industry, blockchain has been applied in many fields such as trade finance, bill trading, supply chain finance, certificate deposit, reconciliation, and asset securitization.

Voice | Jingdong Digital Technology CEO Chen Shengqiang: my country urgently needs to use blockchain and other digital technology capabilities to improve production efficiency: On September 26, Jingdong Digital Technology CEO Chen Shengqiang published an article "Digital Economy: Two New Opportunities and Four Projects" in the Economic Information Daily New Measures". The article pointed out that at present, the development of my country's digital economy is ushering in new changes, and the window of opportunity for the in-depth digital transformation of agriculture and industry has opened. It is urgent to use digital technology capabilities such as artificial intelligence, big data, and blockchain to improve production efficiency and reduce costs. Help achieve the goal of high-quality development. To this end, my country should continue to make breakthroughs from the perspectives of institutional mechanisms, technical capabilities, and multi-subject participation to gain first-mover advantages. [2019/9/26]

For a long time, the Institute of Mathematics has attached great importance to and actively carried out the standardization of legal digital currency and blockchain, and carried out the research and compilation of financial technology standards such as distributed ledger technology based on the legal digital currency standard working group of the National Financial Standardization Technical Committee. , to standardize the technology and application of distributed ledgers.

Wang Yuzhen: my country's financial technology solutions in blockchain and other aspects are valued by many countries and regions: Wang Yuzhen, director of the China Financial Writers Association, wrote in an article that my country's financial technology solutions in payment, capital markets, blockchain and regulatory technology The program has been highly valued by more countries and regions and the capital market. From the perspective of business layout, Baidu, Alibaba, Tencent, JD.com, Xiaomi, etc. have become the vanguards of my country's financial technology development, and their main development areas are big data, artificial intelligence, blockchain, biometrics, etc. In-depth integration of technology and financial business, from online migration focusing on offline front-end business, to big data risk control, intelligent investment advisory, bill bookkeeping, underlying security and other middle and back-office extensions. [2018/4/4]

In order to further implement the spirit of "strengthening blockchain standardization research and enhancing international discourse power and rule-making power", under the guidance and support of the Science and Technology Department of the People's Bank of China and the Science and Technology Department of the Ministry of Industry and Information Technology, the Institute of Data Science and Technology started in 2019 Take the lead in the ITU-T SG16 to carry out the "Financial Distributed Ledger Technology Application Guide" international standard application project work. After communicating and discussing with relevant units in the early stage, and drafting and improving project approval materials, the project successfully passed the pre-approval defense in early March 2020 and the formal project defense in early July, and was officially approved in ITU-T SG16 on July 3.

The "Financial Distributed Ledger Technology Application Guide" initiated by this project is the first international standard for financial blockchain led by my country. This standard is a framework standard. Based on this, my country can carry out the planning and layout of the international standard system of financial blockchain, and add sub-standards such as reference architecture, risk control, security and privacy protection, and financial blockchain business specifications in various fields. One belt and more" approach to promote the standardization of various important aspects of financial blockchain in ITU-T, promote the healthy development of financial blockchain technology and related industries, and make more contributions to the setting of international rules.

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