Wanxiang Summit, Ma Zhitao: Weizhong Bank launched a new concept of “goodness”, hoping to optimize social governance structure

Babbitt reported that on September 17, the fifth global summit of blockchain sponsored by Wanxiang Blockchain Lab was officially opened in Shanghai. Ma Zhitao, deputy governor and chief information officer of Weizhong Bank, said in his speech that social governance is mainly guided by punishment and evil, and there is no mechanism to encourage good deeds. The process is difficult to achieve transparency. Based on this, Weizhong launched a new concept of “goodness”, a social governance framework for good behavior, measurement, incentive, tracking and supervision. Its core includes three dimensions: measurement scale, incentive compatibility and compliance governance. It hopes to optimize the social governance structure and help the society to embark on a more sustainable development path.