Shanghai Municipal Party Secretary Chen Jining guides more financial institutions to use blockchain, relying on blockchain technology to establish a financial risk monitoring and early warning system

ChainCatcher news, 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 to 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, jointly develop supply chain finance based on a secure and trustworthy credit system, and establish a financial risk monitoring and early warning system relying on blockchain technology to better prevent and resolve risks in key areas.