sheknows live | Li Ming: Data as a factor of production will promote the development of new infrastructure, and the development of new infrastructure will also promote the further creation of value of data

On the evening of April 11, Babbitt Sheknows held an online interview on the theme of "Data formally incorporated into production factors, and how the blockchain meets the great changes of the times." Li Ming, chairman of the IEEE Computer Association Blockchain and Distributed Accounting Technical Committee, said that production factors are an economic concept. Incorporating data into production factors can strengthen the asset attributes of the data, promote the independent and orderly flow of data, and improve the efficiency of data configuration. The rapid allocation and sharing of data resources requires strong "new" infrastructure support. Data as a factor of production will promote the development of new infrastructure. The development of new infrastructure will also promote the further creation of data value. Both parties work together to accelerate the development of the digital economy.