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Blockchain technology empowers information and communication industry credit supervision



Since the Third Plenary Session of the 18th CPC Central Committee, the Party Central Committee and the State Council have made multiple deployments of the credit supervision mechanism as an important task to promote the modernization of the national governance system and governance capabilities, providing basic guidelines for the establishment of a credit supervision system for the information and communication industry. . With the gradual expansion of the application of new technologies such as 5G and industrial Internet in the field of vertical industries, deep cross-border integration has become an important feature of the current digital economy development, and traditional localization and block-based supervision are difficult to meet actual needs. Blockchain collaboration, reliable technical features, and credit supervision linkage and precise management features perfectly fit together, which will help realize the platformization and intelligence of credit supervision, and effectively improve the efficiency of industry supervision under the new situation of digital economy.

Credit supervision of the information and communication industry opens up a new situation

In recent years, the information and communication industry has gradually established a set of credit supervision system with top-level design, technical means and supporting measures, basically realizing a credit supervision mechanism that connects all supervision links before, during, and after, and runs through the entire life cycle of market entities. First of all, the top-level system and system framework related to credit supervision has been basically established. First, the basis for the credit supervision system has been gradually clarified. According to the requirements of strengthening interim and ex-post supervision, the "Telecommunications Regulations" and "Administrative Measures for Telecommunications Business Licensing" successively revised and improved the telecommunications market supervision system, and strengthened the restrictive role of the credit mechanism. On the one hand, the credit situation is regarded as one of the conditions for the license of telecommunications business, and the principled requirement of "improving the credit management mechanism" is put forward, which provides a basis for credit supervision. On the other hand, the establishment of a list of unscrupulous telecommunications business operators and dishonest lists (hereinafter referred to as "two lists") has laid the foundation for the subsequent detailed implementation of the two list mechanism. Second, the credit files of market entities have been basically established. Use technical means to establish an "Internet﹢" credit supervision platform, integrate the basic information of market entities and industry supervision information, and establish information including industrial and commercial registration information, qualifications and basic operations provided by market entities, and the handling of violations of laws and regulations recorded by regulatory agencies, etc. credit file with information. The third is the initial establishment of a joint punishment mechanism for untrustworthiness. Seriously untrustworthy entities in other industries shall be punished in terms of access to the information and communication industry through a cross-departmental credit joint punishment mechanism, and shall be included in the list of untrustworthy telecom business operators for key supervision in accordance with the provisions of the two orders. According to incomplete statistics, as of now, the Ministry of Industry and Information Technology has participated in the signing of more than 30 inter-ministerial joint disciplinary memorandums, and the scope of credit linkage covers finance, trade, public resource transactions and other fields. Secondly, the multi-level system of the whole process of the credit supervision mechanism has been gradually improved. The first is the pre-supervision link, and the credit commitment mechanism is explored and operated. According to the requirements of the State Council's "separation of licenses" reform and deployment, the Ministry of Industry and Information Technology has carried out a pilot program of notification and commitment approval for licensing matters related to the second type of value-added telecommunications services in 18 free trade pilot zones. The notification commitment is based on the initial application of credit risk assessment. Subjects already in the two orders will not accept the approval application, and those who meet the approval conditions will be approved on the spot, which is two months shorter than the general procedure. The second is the interim supervision link, where credit supervision and key supervision are gradually connected. On the one hand, credit records are used as one of the basis for supervision, and spot checks are intensified on those with bad credit records, and the proportion and frequency of spot checks are increased. On the other hand, the results of special inspections of various businesses will be included in the credit record. For example, in 2020, the Ministry of Industry and Information Technology will organize the special rectification of app violations of user rights and the special rectification of broadband monopoly in commercial buildings. Enterprises, depending on the circumstances, will be included in the list of poor or untrustworthy telecommunications business. The third is the after-the-fact supervision link, where the role of the social supervision mechanism appears. As of October 2020, the Ministry of Industry and Information Technology has announced 13 batches of bad and untrustworthy lists. Among them, 35,000 sub-enterprises have been included in the bad list, and 3 companies have been included in the dishonest list. The establishment of the dual-order mechanism has received widespread attention from the society, and its positive guidance and persuasion effect on unscrupulous enterprises has gradually emerged.

News| The flood control project in Xiongan New Area will manage the whole process of funds through the blockchain fund management platform: According to the report of Dongfang Fortune. The construction content-zce of the project should be in accordance with the relevant requirements of Xiong'an New Area on the construction of smart cities, and full consideration should be given to digitization and intelligence. Based on big data and blockchain, the building information model (BIM) data generated in the whole process needs to be uniformly connected to the city information model (CIM) management platform of the new district; the whole process funds of this project are managed through the blockchain fund management platform , to implement the Xiongan New Area's relevant regulations on wage guarantees for builders. [2019/9/7]

Credit supervision of the information and communication industry faces new challenges

In the era of digital economy, the characteristics of diversified product forms, networked industrial organizations, and complex market competition are obvious. How to integrate regulatory resources more efficiently, how to control regulatory costs more effectively, and how to maximize the application ability and implementation of credit information Efficiency becomes a bigger challenge. Basic credit information is incomplete. The business responsibilities of digital economy integration are scattered, and there is a lack of vertical and horizontal sharing means in different regulatory fields. Regulatory agencies and market players need to repeatedly accept trust, which increases regulatory costs and the time and management costs for market players to respond to regulation. Inadequate use of credit information. At present, the application of credit information is more focused on the interim and post-event supervision links, lacking the application of pre-existing credit evaluation, and it is difficult to identify market entities with higher credit risks in the entry stage, which increases the cost of follow-up supervision. Insufficient credit monitoring capacity. At present, the sharing and circulation of credit information mostly requires manual reporting. Objectively, there is a time lag problem. The data synchronization ability needs to be improved, and the accuracy is also affected.

Voice | Fan Gang: There are still the most basic problems to be solved in the blockchain: Fan Gang, president of the China (Shenzhen) Comprehensive Development Research Institute and vice president of the China Economic System Reform Research Association, said that information transmission technologies such as blockchain and the Internet have In the sense of economics, it is to reduce the information cost of enterprises and individuals in all aspects. And what is the most important information cost among the information costs? It is the cost of overcoming information asymmetry. On this issue, big data must have its function, and blockchain also has its function. But if the most basic problem is not solved, information technology may bring disaster instead of Not an improvement. [2018/12/27]

Blockchain technology provides new possibilities for improving the efficiency of credit supervision

Blockchain is essentially a distributed data system involving multiple subjects. It has the characteristics of distributed, transparent, traceable, tamper-proof, and trustless. It provides a new solution for the sharing, application, and security of credit information. . Distributed storage technology guarantees credit information collaboration and mutual trust. The blockchain supports the co-construction and sharing of credit information, which can solve the long-standing problem of "information islands" faced by the social credit system and ensure the integrity of credit information. Smart contract technology guarantees the initiative of credit information application. The blockchain can automatically complete the credit information application process, and automatically trigger the execution of credit information application measures through mathematical algorithms, which is convenient for the regulatory authorities to actively and accurately implement credit supervision. Anti-tampering technology ensures efficient and reliable transfer of credit information. The blockchain ensures that the recording process is one-way irreversible and irreversible, which helps to improve the efficiency of information entry and reduce the difficulty and cost of manual review. The "blockchain + credit supervision" model makes full use of the characteristics of blockchain technology, which helps to ensure the safety and reliability of credit data, achieve the goal of co-governance of credit supervision, and further promote the precision and intelligence of credit supervision in the information and communication industry. Realize credit assessment and early warning in advance. In the pre-access link, through the information and communication industry credit management system and other industry credit sharing systems on the chain, the "credit portrait" of market entities and key operating personnel is portrayed in multiple dimensions, and the connection between licensing approval and actual credit level is realized. Guarantee the credibility of credit records in the event. In the recording process of the incident, the credit management system will be linked to the chain, and each violation of laws and regulations will be recorded and recorded, so that it can be checked, verified and traced. Dynamically evaluate the credit status of market entities through intelligent algorithms, classify and grade according to relevant standards, and implement differentiated regulatory measures in a timely manner. Improve the effectiveness of post-event credit punishment. In the post-event application link, the credit sharing system of various industries is uploaded to the chain to support cross-regional, cross-department, and cross-level data exchange and information sharing, to realize the automatic triggering of multi-party joint punishment measures, and to enhance the strength and deterrence of credit punishment.

Swiss financial technology company Avaloq acquires a 10% stake in Swiss blockchain company Metaco: According to Hedgeweek, Swiss financial technology company Avaloq has acquired a 10% stake in Metaco, a blockchain company headquartered in Lausanne, Switzerland. Founded in 2014, Metaco uses the latest blockchain technology to help banks and financial institutions, including Bank Negara, optimize their work efficiency. Avaloq acquires a stake in Metaco to enhance its expertise in blockchain technology and obtain corresponding solutions. [2018/4/26]

Elemential, a blockchain start-up company, received US$1 million in financing, and Digital Currency Group participated in the investment: Elemential, a blockchain start-up company, recently received US$1 million in financing from Matrix Partners, Lightspeed India Partners and Digital Currency Collective (DCG), etc. . The company seeks to remove the pain of "blockchain management," such as the hours developers must spend each week on node deployment, configuration and maintenance activities, such as ensuring runtime and language dependencies. [2018/4/23]


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Blockchain technology empowers information and communication industry credit supervision

Since the Third Plenary Session of the 18th CPC Central Committee.

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