Shanghai Party Secretary: Guide More Financial Institutions to Utilize Blockchain, Build a Financial Risk Monitoring and Early Warning System Based on Blockchain Technology

BlockBeats News, September 14th. During his research at the Shanghai headquarters of the People's Bank of China, Shanghai Municipal Party Secretary Chen Jining pointed out the need to seize the opportunity of digitization and intelligentization, and jointly promote the transformation of financial innovation. It is necessary to optimize and improve the regulatory system and working mechanisms, clarify risk control requirements and access standards, support the development and deep application of multi-agent technology. Guide more financial institutions to integrate blockchain technology, jointly develop supply chain finance based on a secure and trustworthy credit system, establish a financial risk monitoring and early warning system based on blockchain technology, and better prevent and resolve risks in key areas.