Huang Shaoyu, CEO of Ping An Financial's investment account, said that China Ping An's eight subsidiaries, including banks, securities, funds and real estate, have now adopted the smart contract cloud platform for contract management. The contract warehouse of ALFA Smart Contract Cloud Platform currently covers 7 financial sub-sectors such as insurance. More than 1,000 standard contract templates and more than 80,000 tags are stored in the blockchain. According to the results of the existing cases, the platform achieved a total of 58 intelligent service outputs, successfully helping institutional users to increase manual writing efficiency by 4 times, operational management efficiency by 2 times, operational risk by 80%, and labor cost reduction by 2/. 3.