Chen Xiaohua, Ministry of Industry and Information Technology: The implementation of the concept of smart contracts will support the innovation of the RMB digital business model.

Chen Xiaohua, expert on large-scale Internet blockchain projects of the Ministry of Industry and Information Technology, chairman of the blockchain expert committee of the China Federation of Mobile Telecommunications and director of the digital economist . . Digital yuan business model. Since the digital renminbi can be created by smart contracts, the renminbi can be easily used in many areas and relationships, as agreed by both sides of the industry, in accordance with compliance. More and more urban enterprises, rural enterprises and other small and medium-sized banks have quick access to the yuan digital application pilots, which will provide more testing opportunities, improve the yuan pilots and further optimize publication and liquidation. . Performance of the digital yuan in many areas. (The Headlines Daily)