Shanghai Municipal Party Committee Secretary Chen Jining: Relying on blockchain technology to establish a financial risk monitoring and early warning system, guiding more financial institutions to go on-chain and use the chain

ChainCatcher news, according to the WeChat official account of the Shanghai headquarters of the People's Bank of China, during a research visit to the Shanghai headquarters of the People's Bank of China, Shanghai Municipal Party Secretary Chen Jining pointed out the need to seize opportunities in digitalization and intelligence, and jointly promote financial innovation and transformation.

Optimize and improve the regulatory system and working mechanisms, clarify risk control requirements and access standards, and support the development and deep application of multi-agent technology. Guide more financial institutions to go on-chain and use blockchain, and jointly develop supply chain finance based on a secure and trustworthy credit system. Rely on blockchain technology to establish a financial risk monitoring and early warning system to better prevent and resolve risks in key areas.