According to Dahe.com, on June 25, the 2019 Luohantang Digital Economy Annual Conference kicked off in Hangzhou. Bont Holmström, academician of the Nobel Prize in Economics in 2016, said that in the digital economy era, information will be used as a new collateral for financing activities. China has completed the jump from cash to mobile payments in a short period of time, which is a very big advantage. BAT's three network platform companies generate huge amounts of data, and with AI technology, they may create new and effective rating systems, which makes information a new collateral. Of course, this may bring new challenges. Losing credit is equivalent to losing money. Looking ahead, he believes that the lending system may be replaced by a blockchain system and a token-based ICO.