FCSSC Director General Wu Zhong delivered a speech at the Blockchain Technology Innovation and Application Summit

On April 10, 2021, the kick-off meeting for the establishment of China Business Points Alliance and Blockchain Technology Innovation and Application Summit with the theme of “Building an Ecology for a Smarter Chain Future - Unveiling a New Era of Trusted Business Points” was held in Chongqing. Wu Zhong, Director General of the Finance Center for South-South Cooperation (FCSSC), attended the summit and delivered a speech at the opening ceremony. 

Director General Wu Zhong pointed out that the rapid development of new technologies including Internet, blockchain, big data, artificial intelligence and so on has brought groundbreaking changes to the social economy, and we must pay attention to the application of the world’s most cutting-edge technologies in different socio-economic fields. Given that the essence of finance is the credit issue, we can use different methods to enhance credibility, and blockchain comes with such a function that allows transparency of business and operation processes and increases corporate credibility. 

During the summit, Zheng Weimin, academician of the Chinese Academy of Engineering, Yu Ping, former vice president of China Council for the Promotion of International Trade, Li Mao, financial director of the National Financial Technology Certification Center, Wu Zhen, Secretary-General of the Digital Finance Committee of the Internet Society of China and Director of the Key Laboratory of the Internet Financial Security Technology of the Ministry of Industry and Information Technology, attended the summit and gave speeches on blockchain technology and application in China, fintech’s contribution to the development of Midwest China, blockchain compliance and regulations, etc. In addition, the summit also released a white paper on China’s points blockchain standards as well as the points blockchain standards and consortium blockchain system in China.