Ningxia: Promote blockchain and other technologies to achieve digital transformation

At present, Ningxia is promoting the application of digital technology in industry, education, medical care and other fields. Combined with the construction of smart park and the digital transformation of ten major industries, 60 intelligent transformation projects were organized and implemented to promote the development of digital industrialization with industrial digitalization. We will implement 29 smart application scenario projects in the fields of education, medical care, cultural tourism, water conservancy and transportation, and carry out big data pilot demonstrations to provide demonstration cases for information technology integration applications. Promote the Internet of Things and blockchain technology, promote the effective integration and utilization of online and offline resources, and realize digital transformation.

The International Monetary Fund plans to "strengthen" its surveillance of digital currency.

According to a paper published on Thursday, the International Monetary Fund (IMF) plans to "strengthen" its surveillance of digital currency. The article said that the International Monetary Fund must increase its resources to seek "monitoring, advising and helping to manage this far-reaching and complex transformation of digital currency". The article points out that rapid technological innovation is ushering in a new era of public and private digital currency. Payment will become easier, faster, cheaper and easier to obtain, and will quickly cross national boundaries. These improvements can improve efficiency and inclusiveness and bring great benefits to everyone. However, this implementation will only happen when the IMF can "keep pace with policy challenges", which requires a deeper study of the prospects of the digital economy. The IMF plans to cooperate with institutions that are "in line with its responsibilities", such as the central bank, regulators and the World Bank, and expand its research on digital currency. The IMF will also pay attention to CBDC, stable currency and encrypted assets. And will study how these assets represent financial independence, how they act as reserve currencies, and how they will replace the current payment system.

From a financial point of view, blockchain and digital currency are actually a new generation of digital financial systems. The digital financial system is built on the financial infrastructure of blockchain digital currency.

From a commercial point of view, blockchain technology has its own characteristics, that is, it is digital enough, it is cross-border, cross-time and cross-organization. The data stream has no boundaries, so the blockchain is distributed at the same time. It is self-organizing and decentralized.

Therefore, the origin of blockchain and the application of any new disruptive technology have always had two routes, or two methods. One way is to use it as a tool to improve the traditional business model and obtain a marginal income. The other is to regard it as a system to reconstruct the underlying logic of the business.

# digital currency # # Bitcoin [Chaohua] # # Ou Yi OKEx#