Wang Maolu from Baoquan Joined the special meeting held by Postal Saving Bank of China

The special meeting called “New Financial with Big Data” was held by postal saving bank of China in Shijiazhuang on December 22, 2016.The vice-president Qu Jiawen of PSBC bring along 36 branch managers and business backbones participated in the meeting, the Co-founder Wang Maolu of Baoquan also be invited to share the recent progress in the combination of big data with Blockchain.

Wang Maolu introduced that the data management issues in company are showing more and more. According to the research by Teradata, most companies stored only about 15% data which is related to business, and other 85% data reside in the other company and website. So Wang concluded that with the increasing hot degree for data commercialization, the trend of openness data management from government and the increasing social perception of data, the scale of big data exchange market in China increased tremendously.  

At present, there still exists many problems in China big data exchange market, and the consensus mechanism and unified approach have not been formed between the various departments and enterprises. From the three trading parts of supervision, regulation and market, the existed problems during the development of big data including the lawlessness of data transaction and application supervision, the ambiguous definition of data ownership, the evaluation difficulty for digital assets value and the faulty trading technical chain and trading mode. In view of the above problems, the national big data center provided the solutions and issued a series of standard system to ensure the supervision for the data trading links. 

For banks, the customer information is necessary that can help banks to facilitate credit evaluation. All these intangible assets divided into personal data and business data, and applied in the four aspects: customer portrait, risk control, operation optimization and precision marketing. Nowadays, the concept about “Fintech” has been welcomed both at home and abroad. It is integrally related to the Internet Financial. “Internet Financial” is the specific product in the technical process of  the financial business. However, “Financial Technology” mainly utilize the innovative technologies like big data and Blockchain to realize the risk management and platform management. 

Recently, the risk control and financial innovation have become popular in banks’ application about big data. Through the analysis of the integration of various data, it can provide the evidence in some situations like  the financial lending service , anti-fraud service and anti-money laundering service. Thus to build their own risk management and big data platform, supporting for the bank business with the integrity data.

Finally,  Wang Maolu shared some application cases of big data and made the imagination of the development of big data. For the security problem of digital asset, Blockchain can ensure the reality and traceability  in the data transaction flow. And Baoquan devoted itself into such field to transforming data into the digital assets.

Company Website: https://www.baoquan.com/en/

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