Jing Xiandong, Chairman of Ant Group: Blockchain and cloud computing will become the core technologies supporting new finance

On September 24, the Bund Conference officially opened in Shanghai. Jing Xiandong of Ant Group talked about his understanding of new finance in his speech. Jing Xiandong pointed out that the construction of a new financial system must be supported by technology and data. In his view, the past technical architecture is the centralized thinking of the information age, while the new financial architecture is the distributed thinking of the digital age. In the future, the "cloud library chain" represented by cloud computing, distributed database and blockchain It will become the core technology supporting new finance.

The Bund Conference is a financial technology event under the guidance of the Shanghai Municipal Government and hosted by Alipay and Ant Group. As the head of Ant Group, a representative company of new finance, Jing Xiandong believes that facing the future, new finance will bring service targets, service cores and services Three variations of the method.

He pointed out that in the past, finance focused on 20% of the population, while new finance served 80% of the public, allowing ordinary people and small and micro enterprises to enjoy the same financial services as bank presidents; secondly, the core of the service has changed from money-centered to People-centered, as in the past finance was people looking for money and companies looking for money, so the new finance is to let money find people and money find companies. Third, the new financial services are more personalized, intelligent, and scene-based. Not only are there thousands of people, but they are also integrated with the muscles and bones like blood, and are closely integrated with the scene to better serve the development of the social economy and people's livelihood.

Ant Group started a new spring recruitment, recruiting positions such as encryption algorithm and privacy computing: March 10 news, Ant Group will start the 2023 spring campus recruitment on March 9, this spring recruitment, Ant Group will continue to recruit privacy computing, area Blockchain, graph computing and other cutting-edge scientific and technological talents, and new positions such as encryption algorithm and Golang language for the first time.

According to the information on the official recruitment website, this spring recruitment is open to fresh graduates at home and abroad who will graduate from November 2022 to October 2023. Eight categories of positions, including technology, product, design, data, and operation, will be opened, with a total of more than 45 types of positions. The demand for talents in the technical field accounts for 86% of the total number of recruits. (techweb) [2022/3/10 13:48:10]

Jing Xiandong believes that a new financial system can only be built with the support of technology and data. He recalled that 100 years ago in Shanghai, there was a deposit business with a minimum of 1 yuan, which could be regarded as Yu’e Bao back then, but this phenomenon only depended on the awareness of individual bankers. Now, with the development of financial technology, Pratt & Whitney has become a part of life. daily.

The reason is that the most important resource of finance in the past was capital, and the most important asset of new finance was data; the technical architecture of the past was a centralized idea in the information age, while the architecture of new finance is a distributed idea in the digital age. In the future, cloud computing The "cloud library chain" represented by distributed database and blockchain will become the core technology supporting new finance; the past financial risk control is essentially to prevent people, relying on mortgages and guarantees to wear bulletproof vests, the new financial risk control It is trusting people, using data and technology to predict and eliminate risks. In the past, finance used the information Internet to process "money". In the future, new finance uses blockchain to build a value Internet, and digital assets are circulated.

IDC Releases Annual Report on China's Blockchain Industry Ant Group Is in the Leading Position of the Industry: Jinse Finance reported that the global consulting firm International Data Corporation (IDC) recently released "IDC MarketScape: Evaluation of China's Blockchain as a Service (BaaS) Platform Vendors, 2020 ", the report shows that Ant Group is the leader of China's blockchain platform with its Ant Chain. This is the first market assessment report for the blockchain field, which means that the industry has entered a rising period, and core companies have begun to gain market value through blockchain technology innovation. Previously, there were different types of growth analysis in rapidly developing technology fields such as artificial intelligence, cloud computing, and IoT.

IDC believes that the BaaS platform, as a basic blockchain service form, plays a key role in the blockchain technology practice and industry value climbing stage. [2021/1/13 16:02:14]

He further pointed out that new finance is not a zero-sum game, but an incremental market. Relying on fintech innovation, Pratt & Whitney has become a sustainable business model. We are not dividing the cake, but making it bigger. We will not grow into a forest alone, but depend on each other and form an ecology for each other.

He analyzed that the epidemic has accelerated the digital revolution, and the digitalization of the service industry, including the financial service industry, has begun, which brings huge opportunities for all practitioners.

Shanghai cooperates with Alibaba and Ant Group to increase research and development of new technologies such as blockchain: On October 9, the Shanghai Municipal Government signed a strategic cooperation agreement with Alibaba Group and Ant Group in Shanghai today. After the signing, Shanghai Municipality, Alibaba Group, and Ant Group will cooperate in areas such as online new economy, digital new infrastructure, financial technology, cross-border business, digital life, and cloud-based exhibitions to accelerate the construction of "three headquarters and three centers" , Increase the research and development of new technologies such as cloud computing, artificial intelligence, and blockchain. (Financial Associated Press) [2020/10/9]

He commented that Shanghai has become the most powerful city in China to build a financial technology center because of its technology genes, openness genes, and innovation genes. Alipay has a long history with Shanghai and has benefited a lot. Many of Alipay's first innovations were born in Shanghai. In the future, Ant and Alipay look forward to working with Shanghai to promote a more inclusive and sustainable world.

The following is the full text of Ant Group Chairman Jing Xiandong’s speech at the Bund Conference:

Dear Vice Mayor Wu Qing and President Georgieva,

Dear guests and friends on site and online:

Welcome to the Bund Conference.

Ant Group released the first blockchain self-developed hardware and software all-in-one machine in China: On July 30, the Ant Chain all-in-one machine was officially released. As the first blockchain self-developed software and hardware all-in-one machine in China, it provides developers with strong privacy, high performance, high security, ready-to-use blockchain technology services, saving more than 90% of deployment time. At present, AntChain is already the largest blockchain productivity platform in the country, and has made breakthroughs in core technologies such as consensus mechanism, smart contract, trusted computing, privacy protection, and cross-chain interaction. (Xinmin Evening News) [2020/7/31]

First of all, on behalf of the company, I would like to thank Shanghai for its great support, and thank the global industry leaders and guests for their enthusiastic participation. The epidemic can block offline meetings, but it cannot block the exchange of our ideas.

The location of today's conference is a part of the New Bund, which is the best example of Shanghai's continuous creation of history and going global. This used to be the former site of the Jiangnan Shipyard. Over the past century, it has witnessed Shanghai’s great contribution to the national industry. In 2010, it became the location of the Shanghai World Expo Ship Pavilion, showing the blueprint for the city to make life better. Today, this century-old ship adds The new sail of financial technology will continue to witness the future of Shanghai's new finance created by financial technology.

Ant Group and CCF set up a scientific research fund for blockchain and other fields: Recently, Ant Group reached a strategic cooperation with the China Computer Federation (CCF) and jointly established the "China Computer Federation Ant Research Fund". The first phase is aimed at young scholars under the age of 35 Invest 5 million yuan for project research. It is reported that this fund will target 29 subdivided cutting-edge technology fields in the fields of artificial intelligence and blockchain. (Sina Technology) [2020/6/10]

See Shanghai from the Bund, and see the world from Shanghai.  

What is the new finance for the future? Just like the economist Shiller said in the book "Finance and the Good Society", "The goals that finance should serve come from the people." The new finance should be shared by everyone, regardless of age, region or wealth. Every individual can get financial assistance and have equal opportunities for development.

One hundred years ago, in the Shanghai financial industry, there was a one-yuan deposit business for the general public. It could be regarded as Yu’e Bao back then. The development of Pratt & Whitney is becoming everyday. Even farmers in remote western areas can enjoy the same mobile payments as big cities; the peak loan for many small businesses is actually at 2:00 am after closing time, because digital banks are open 24 hours a day, and they can borrow and repay at any time without needing to pay. Any mortgage; and during the epidemic, contactless financial services allow ordinary people and small and micro businesses to better support and survive the crisis.

The new financial system facing the 21st century has three differences compared with the previous ones.

First of all, the target of the new financial service is from 28 to 82. In the past, 20% of the people were served by finance, and the new finance allows the remaining 80%. More ordinary people and small and micro enterprises can also enjoy and bank The same financial services as the president; secondly, the core of new financial services has changed from being money-centered to people-centered. If the past finance was people looking for money and companies looking for money, then the new finance is to let money find people and money find companies. Third, new financial services are more personalized, intelligent, and scenario-based, not only allowing each individual to obtain personalized services, but also more like blood, integrating with musculoskeletal life, new finance and scenarios are more closely integrated and better Serve the development of social economy and people's livelihood.

The construction of a new financial system must be supported by technology and data. The most important resource of finance in the past was capital, and the most important asset of new finance was data; the technical architecture of the past was a centralized idea in the information age, and the architecture of new finance will be a distributed idea in the digital age. In the future, cloud computing, distributed The "cloud library chain" represented by the traditional database and blockchain will become the core technology supporting the new finance; the past financial risk control is essentially to prevent people, relying on mortgages and guarantees to wear bulletproof vests, the new financial risk control is to believe People, use data and technology to predict and eliminate risks. In the past, finance used the information Internet to process "money". In the future, new finance uses blockchain to build a value Internet, and digital assets are circulated.

In the past, everyone regarded serving small and micro enterprises and long-tail users as public welfare and social responsibility. Today, due to the innovation of financial technology, Pratt & Whitney has become a sustainable business model while fulfilling social responsibility. New finance is not a zero-sum game, but an incremental market. Instead of sharing the cake, everyone will make the cake bigger together. It is not a single tree forming a forest, but interdependence and mutual ecology.

As a technology company, Ant has always practiced the positioning of technology platforms and adhered to the concept of openness and win-win. From 2014 when the Internet Propeller Program was proposed, to today, Alipay has reached in-depth cooperation with more than 2,000 financial institutions. Facing the future, the world is undergoing a huge change in digital technology. Because of the epidemic, this digital change has become more comprehensive and full-chain. The digitalization of the modern service industry, including the financial service industry, is gradually kicking off. This is a huge opportunity for all practitioners, including ants, and it is also a common responsibility and responsibility entrusted to us by the times.

Ladies and gentlemen, the financial center is in Shanghai, and the Bund is the focus of financial technology.

Today's Shanghai is at the forefront of the digital economy, and now it is accelerating to become a global financial technology center. Shanghai has the high ground of science and technology innovation center. Because of its openness, it has become one of the cities with the highest concentration of financial factors in the world, and it also has a tolerance for innovation. It is precisely because of these technological genes, open genes and innovative genes that Shanghai is China's most A city with the strength to build a fintech center. Ant Group and Alipay look forward to taking on greater responsibilities and working with Shanghai to promote a more inclusive, greener and more sustainable development of the world.

Alipay and Shanghai have a long history. Many of Alipay’s first innovations were born in Shanghai. Shanghai is the first city to implement Alipay’s life payment. A city that supports Alipay for foreigners...Five years ago, Alipay officially settled in Shanghai and obtained a Shanghai household registration. Since that day, we have thought about establishing a global financial technology event based in Shanghai, and going global from here. This proposal was guided and supported by Shanghai, and despite the challenges of the epidemic, we opened as scheduled.  

The first Bund Conference had more than 40 forums, and hundreds of financial institutions and technology companies from all over the world participated. The conference also set up a life market, a technology exhibition hall and a public music festival. It can be described as a gathering of ideas and full of fireworks breath.  

The Bund Conference will be permanently located on the Bund. We expect the Bund Conference to become a gathering place for global innovation, a place for global cooperation and exchange, and a demonstration site for development concepts. All efforts are aimed at making life better, making the world more inclusive, and making Every individual and small and micro enterprise has equal opportunities for development.

Thank you again Shanghai, thank you for your participation, and wish the conference a complete success.

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