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Bank of Beijing and Beijing Microchip Blockchain and Edge Computing Research Institute signed a strategic cooperation agreement

April 1, 2022

On April 1, Bank of Beijing and Beijing Microchip Blockchain and Edge Computing Research Institute (hereinafter referred to as "Microchip Research Institute") held a signing ceremony for a strategic cooperation agreement. This cooperation is a powerful exploration and effective measure by Bank of Beijing to promote digital transformation and help the construction of a benchmark city for the digital economy in the capital.

According to reports, relying on the advanced technologies and implementation experience of Microchip Research Institute in the fields of blockchain, privacy computing and edge computing, the two parties will cooperate in depth in business areas such as financial technology applications and industrial finance expansion. Bank of Beijing will make full use of my country's first independent and controllable blockchain software and hardware technology system "Changan Chain" to improve the quality level of financial technology services for the digital economy. Focusing on application requirements such as supply chain finance, inclusive business, customer drainage, and data security and trustworthiness, we will innovate and solve practical problems with technology-enabled business models, and create a replicable and implementable industrial blockchain application pilot demonstration.

As a financial enterprise based in the capital and serving the capital, Bank of Beijing has always carried out financial innovation around the overall development and central tasks of the capital, and thoroughly implemented the deployment requirements of the Municipal Party Committee and Municipal Government on giving full play to the role of Chang'an chain industry and building a benchmark city for the global digital economy. Joined the Changan Chain Ecological Alliance as the second batch of member units in 2018. This strategic cooperation is an effective measure for Bank of Beijing to help the construction of a benchmark city for the digital economy in the capital.

At the same time, Bank of Beijing attaches great importance to the application of financial technology, continues to deepen the production and research cooperation with scientific research institutions in Beijing, actively deploys cutting-edge technologies such as big data, artificial intelligence, knowledge graph, blockchain, etc., and uses digital transformation as the engine to effectively drive the whole bank. Improve the quality and efficiency of each business, and continue to build the core competitiveness of digital development.

Bank of Beijing said that in the future, it will closely follow the strategic guidelines of the "14th Five-Year Plan" on accelerating digital development and building a digital China. It will always take digital transformation as the guide, focus on high-quality development, and take the initiative to take responsibility for openness, cooperation and win-win results. It is the responsibility of a municipal state-owned enterprise to actively participate in the construction of Beijing's digital economy scene, continuously expand all-round cooperation with scientific research institutions in Beijing, promote each other, enrich the innovation ecology and achievements of the integration of production, education and research, and build an international scientific and technological innovation center for Beijing and a global digital Economic benchmark cities continue to contribute financial strength.

Source:China Securities Network

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