First local financial off-site supervision blockchain system released

Source: Nanfang Daily

Nanfang Daily (Reporter / Li Hualian) "After the launch of the blockchain system, in 2020, Guangdong's battle against financial risks was strengthened and powerful weapons were added." Li Tengfei, deputy director of the Guangdong Provincial Financial Supervision and Administration Bureau in local finance Said at the off-site supervision blockchain system conference.

On January 8th, the "Local Financial Off-Site Supervision Block" was under the guidance of Guangdong Local Financial Supervision and Administration Bureau and Guangzhou Local Financial Supervision and Administration Bureau, and was sponsored by Guangdong Provincial Financial Risk Monitoring and Control Center and Guangzhou Financial Risk Monitoring and Control Center. The "Chain System Launch Conference" was held in Guangdong Building and officially released the nation's first local financial off-site supervision blockchain system.

This system can effectively solve the pain points such as asymmetric and unreliable information of financial institutions and regulators in traditional supervision methods. According to Liang Jinchang, assistant general manager of Guangzhou Financial Risk Monitoring and Control Center, the system is an innovative joint application of blockchain technology, fintech, and regulatory technology. It synchronizes core information such as funds, assets, and transactions of financial institutions in real time. Prompt early warning highlights risks, which can effectively assist government departments in making regulatory decisions, protect the rights and interests of investors, reduce the occurrence of conflicts and disputes from the source, and maintain local financial stability.

According to Liang Jinchang, in the future, it will continue to improve the functional construction of the system, and realize the full coverage of the supervision of 12 formats of local finance. At the same time, it will cooperate with the private financial street credit investigation, and through the "chain chain alliance" cooperation, achieve cross-verification of data and data sharing.

At the same time, at the press conference, Li Ning, the chief operating officer of Guangzhou Private Financial Street Credit Co., Ltd., revealed that Guangzhou Private Financial Street Credit Report will use the underlying technology of the blockchain to take the lead in piloting the small loan industry and establish a local financial blockchain. Letter sharing platform.

At the press conference, Guangzhou Financial Risk Monitoring and Control Center signed strategic cooperation agreements with Guangzhou Private Financial Street Credit Co., Ltd. and LianDian Superior Technology Co., Ltd. respectively. All parties will continue to develop advanced technologies in data security, data analysis, and data management, and deepen the use of blockchain technology in financial supervision and financial risk prevention and control, driven by the "Chain Chain Alliance".