China launches its first digital property blockchain platform
It is reported that on February 22, the first China Digital Property Rights Innovation Conference hosted by the China Association of State-owned Property Right…
It is reported that on February 22, the first China Digital Property Rights Innovation Conference hosted by the China Association of State-owned Property Rights Trading Institutions (hereinafter referred to as the China Property Rights Association) was successfully held in Chengdu. At this conference, the country’s first digital property blockchain platform – “digital property chain” was officially launched. On the same day, the conference also released the White Paper on the Digital Property Chain, which elaborated the concept of digital property, the design of digital property chain, and the innovation achievements of digital property. (China Securities News)
The first digital property chain platform in China was launched in Chengdu
Interpretation of the news:
China has recently introduced the first digital property blockchain platform named “digital property chain.” The China Association of State-owned Property Rights Trading Institutions hosted the first China Digital Property Rights Innovation Conference in Chengdu on February 22, where the platform was presented. Along with the platform’s launch, the organizers also released a White Paper on the Digital Property Chain that elaborates on the concept of digital property, the design of the blockchain platform, and the innovation achieved through the digital property.
The purpose of launching the digital property chain blockchain platform is to provide a reliable and efficient way to register, manage, and transfer digital assets that can be securely traded on an open digital market. The platform provides a transparent and tamper-proof system for the registration and trading of digital assets, thereby eliminating the need for intermediaries in the process. This move will benefit the state-owned property rights trading institutions as it enables efficient management, trade and enhances transparency.
The White Paper focuses on the concept of digital property and its design. It describes digital property as a tool that translates real-world assets into a digital asset that can be easily traded on digital markets. The design of the platform comprises multiple distributed nodes that store digital assets’ data, maintain the data’s integrity, and ensure a reliable data flow. This design makes the platform unique, efficient and easy to operate.
The innovation achieved by the digital property chain is summarized in the White Paper. It highlights the platform’s use of blockchain technology, which enables secure and transparent transactions, without requiring any intermediary involvement. Along with that, the platform’s integration with other technologies such as biometric identification, big data analysis, and artificial intelligence (AI) improves the security and execution of digital asset transactions.
In conclusion, the launch of China’s digital property chain blockchain platform marks an important milestone in the country’s journey towards digital innovation. The platform’s unique design, innovation and the benefits it provides for the management and trade of digital assets makes it a valuable asset for the country’s state-owned property rights trading institutions.
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