Liu Lianhuan, Chairman of the Bank of China: The application of new technologies such as blockchain in the payment field will once again lead the industry change

According to the China Securities Journal, Liu Lianhua, chairman of the Bank of China and chairman of the China Payments Clearing Association, said at the 8th China Payments Clearing Forum on the 28th that current technologies such as blockchain, artificial intelligence, and the Internet are booming, especially in the 5G era The application of new technologies in the payment field will once again lead the industry change. The payment industry must grasp the pulse and trends of the technological revolution, make full use of various new technologies and new methods, innovate business models, and develop more secure and convenient payment products to meet the needs of various new application scenarios. At the same time, it is necessary to do a good job of risk assessment of innovative products and businesses, and control the rhythm in a situation where risks are controllable and compliant.