Industrial Bank Digital's "Xingyin Chain" Wins "2024 Lujiazui Financial City Fintech Excellent Case" Award

Industrial Bank Digital's "Xingyin Chain" Wins "2024 Lujiazui Financial City Fintech Excellent Case" AwardRecently, the highly anticipated "Lujiazui Fintech Development Conference" was grandly held in Shanghai Tower. The conference brought together top experts and corporate representatives in the fintech field to discuss the trends of fintech development and share innovative achievements

Industrial Bank Digital's "Xingyin Chain" Wins "2024 Lujiazui Financial City Fintech Excellent Case" Award

Recently, the highly anticipated "Lujiazui Fintech Development Conference" was grandly held in Shanghai Tower. The conference brought together top experts and corporate representatives in the fintech field to discuss the trends of fintech development and share innovative achievements. At the conference, the results of the highly anticipated "2024 Lujiazui Financial City Fintech Excellent Case" selection were officially announced. Industrial Bank Digital's "Xingyin Chain Open Alliance Chain Service Platform" stood out from numerous applicants and was successfully selected as an excellent case, demonstrating its leading position and innovative strength in the fintech field.

This selection was jointly hosted by the Shanghai Pudong New Area Committee Financial Committee Office, the China (Shanghai) Pilot Free Trade Zone Administrative Committee, and the Lujiazui Management Bureau Lujiazui Financial City Council. Nearly 100 excellent cases from various fields such as infrastructure, banking, securities, insurance, public funds, and financing leasing participated in the competition. Finally, the selection committee conducted a comprehensive evaluation from multiple dimensions, including technological innovation, application scenarios, and social benefits, ultimately selecting 20 excellent cases. "Xingyin Chain" stood out with its outstanding performance and wide application value, becoming one of them.

The Xingyin Chain Open Alliance Chain Service Platform is an open alliance chain network led by Industrial Bank and jointly participated by multiple parties. As a trusted infrastructure in the digital age, it aims to provide open, stable, secure, easy-to-use, high-performance, and regulatory-compliant blockchain infrastructure for various roles such as business users, DApp application developers, and node operators.

The advantages of Xingyin Chain mainly lie in the following aspects:

• Openness: Xingyin Chain adheres to the concept of open collaboration, actively collaborating with industry partners to build an open blockchain ecosystem. Its open architecture and standards provide flexibility for different participants to access and interoperate, effectively reducing the threshold for application development and deployment.

• Security: Xingyin Chain adopts leading cryptographic technology and security mechanisms to ensure data security and reliability. Its strict node management and permission control measures effectively prevent external attacks and internal fraud, providing users with secure and reliable blockchain services.

• Ease of Use: Xingyin Chain provides simple and easy-to-use development tools and interfaces, simplifying the application development process and reducing development difficulty. Its rich documentation and technical support allow users to quickly get started and easily build blockchain-based applications.

• High Performance: Xingyin Chain has a strong technical team and a well-designed architecture, capable of providing efficient transaction processing capabilities and data storage capabilities, meeting performance requirements in different scenarios.

• Regulatory Compliance: Xingyin Chain highly values regulatory compliance, actively communicates with regulatory authorities, and ensures that its operations and services comply with relevant laws and regulations, providing users with legal and compliant blockchain services.

The Xingyin Chain Open Alliance Chain Service Platform can effectively empower business scenarios both inside and outside the bank, providing the financial industry with safer, more transparent, and more efficient solutions. For example, in areas such as supply chain finance, trade financing, digital bills, and asset management, Xingyin Chain can effectively improve transaction efficiency and information transparency, reduce transaction costs, and enhance business credibility.

In addition, Xingyin Chain is committed to expanding the scope of blockchain service users, empowering industry peers, and promoting industrial ecological development. Through close collaboration with partners, Xingyin Chain actively explores the application of blockchain technology in various fields, promoting the deep integration of blockchain technology in the financial industry, and jointly building a new digital economy ecosystem.

In the future, Industrial Bank Digital will continue to explore the application of blockchain technology in various fields, continuously improve its blockchain service capabilities, and provide underlying infrastructure technology support for Industrial Bank's blockchain applications, quickly supporting various business departments in using blockchain technology for innovation and practice. Xingyin Chain will continuously optimize its technology, expand its application scenarios, and make greater contributions to promoting the digital transformation of the financial industry and promoting economic development.