Chang'an Chain Empowers Social Security Data: Ensuring Privacy and Security, Promoting High-Quality Economic Development

Chang'an Chain Empowers Social Security Data: Ensuring Privacy and Security, Promoting High-Quality Economic DevelopmentChina Daily reported on January 3rd that, according to reporter Zhao Lei, with the support of the National Key R&D Program, Chang'an Chain, China's independently developed blockchain software and hardware technology system, has successfully launched nationwide on-chain circulation of social security data. The National Blockchain Technology Innovation Center recently announced that Chang'an Chain, leveraging its high-performance integrated privacy computing technology, has achieved secure and reliable circulation and sharing of large social security data among enterprises and financial institutions while ensuring the absolute security and non-disclosure of original data

Chang'an Chain Empowers Social Security Data: Ensuring Privacy and Security, Promoting High-Quality Economic Development

China Daily reported on January 3rd that, according to reporter Zhao Lei, with the support of the National Key R&D Program, Chang'an Chain, China's independently developed blockchain software and hardware technology system, has successfully launched nationwide on-chain circulation of social security data. The National Blockchain Technology Innovation Center recently announced that Chang'an Chain, leveraging its high-performance integrated privacy computing technology, has achieved secure and reliable circulation and sharing of large social security data among enterprises and financial institutions while ensuring the absolute security and non-disclosure of original data. This provides strong support for the high-quality development of the real economy.

Social insurance is a core component of China's social security system, and its importance is self-evident. As of September 2024, the number of social security card holders nationwide has reached 1.386 billion, with a coverage rate of 98.3%. Among them, the number of participants in basic pension, unemployment, and work-related injury insurance are 1.075 billion, 245 million, and 303 million, respectively. The level of social security system development not only directly reflects the level of social equity but also largely acts as a "shock absorber" for the economic operation. The social security contribution status of enterprises is closely related to their operating efficiency, and high-quality social security services can create a good external environment for enterprise development and stable economic operation.

When providing financing and credit support to enterprises, financial institutions need to accurately assess the enterprises' operating conditions and repayment capabilities. Social security data often truthfully reflects the operating conditions of enterprises and provides key evidence for risk assessment by financial institutions. However, the high sensitivity and privacy of social security data dictates that its security and reliability are crucial. Therefore, continuously improving the security and reliability of social security data services has been a common goal of the government, enterprises, and financial institutions.

The head of the Chang'an Chain R&D team stated: "Chang'an Chain's high-performance integrated privacy computing technology ensures the authenticity and reliability of on-chain data. While ensuring that the original data remains within its domain and is 'usable but invisible,' it achieves result sharing, effectively meeting the above-mentioned needs." This technology effectively resolves the contradiction between data security and data utilization, opening a new path for the secure application of social security data.

The recently launched National Key R&D Program project, "Key Technologies and Demonstration Applications of Digitalization of Shipping Trade Business Based on Blockchain and Cross-Departmental Data Element Circulation," also fully reflects the country's emphasis on the role of blockchain technology in improving data security and circulation efficiency. The Chang'an Chain team and the national social security card service platform project team have worked together to use Chang'an Chain's privacy computing technology to conduct joint modeling. This ensures data security while actively exploring the development and utilization of public data resources in the human resources and social security field. The ultimate goal is to reduce credit risk and enterprise financing costs, optimize the business environment, and serve the high-quality development of the real economy.

As China's first independently controllable blockchain software and hardware technology system, Chang'an Chain, since its launch in early 2021, has quickly gained recognition due to its advantages in core technology independence and control, and globally leading performance. Chang'an Chain has been widely applied to the construction of new digital infrastructure in national-level and large domestic cities, covering important industries and key areas such as national-level tax services, trustworthy digital identities, and government services. It has also ranked first in the domestic blockchain underlying chain market share for two consecutive years. This not only showcases Chang'an Chain's technological strength but also reflects its important role in promoting China's digital transformation process.

The successful application of Chang'an Chain in social security data provides valuable experience for data security and sharing in other fields. Its high-performance integrated privacy computing technology effectively resolves the contradiction between data security and data utilization, ensuring the security and privacy of data during circulation and sharing. This will not only promote the improvement and optimization of the social security system but also provide financial institutions with more accurate and reliable risk assessment basis, thus reducing credit risk and promoting high-quality development of the real economy.

The application of Chang'an Chain is not limited to the social security field; its technological advantages also give it broad application prospects in other areas. For example, in the fields of medical health and education and research, Chang'an Chain's privacy computing technology can effectively protect personal privacy data while achieving secure sharing and utilization of data, promoting innovative development in these fields.

The success of Chang'an Chain is inseparable from the support and guidance of national policies. The country attaches great importance to the development of blockchain technology and vigorously develops it as a national strategic emerging industry. The funding from the National Key R&D Program has provided important financial and technical support for Chang'an Chain's technological innovation and application promotion.

Looking ahead, with the continuous development and maturity of blockchain technology, Chang'an Chain will play a more important role in more fields. Its independently controllable and leading technological advantages will provide stronger support for China's digital transformation and high-quality economic development. The successful case of Chang'an Chain also provides reference and guidance for other countries and regions in the application of blockchain technology, promoting the healthy development and widespread application of global blockchain technology.

Chang'an Chain effectively promotes data sharing and utilization while ensuring data security, making significant contributions to building a fairer, more efficient, and transparent social environment. Its successful experience in the application of social security data provides a replicable and promotable model for data security and sharing in other fields in the future and will continue to drive the vigorous development of China's digital economy.

The independently controllable blockchain technology system represented by Chang'an Chain is an important manifestation of China's scientific and technological innovation capabilities. Its breakthrough in the social security field is not only of significant practical significance but also of far-reaching historical significance, marking a major advance in China's blockchain technology field and laying a solid foundation for the future development of the digital economy.

The application of Chang'an Chain has not only improved the efficiency and quality of social security services but also provided financial institutions with more reliable credit assessment basis, reducing financial risks and ultimately promoting the healthy development of the real economy. This fully demonstrates the important role of technological innovation in socio-economic development.

Continuously promoting technological innovation and application promotion of Chang'an Chain is of great strategic significance for enhancing China's digital economy competitiveness and building a digital China. In the future, Chang'an Chain will play a greater role in the context of national digital transformation, providing stronger support for China's high-quality economic development.

The successful experience of Chang'an Chain is worth summarizing and promoting. Its technological breakthroughs in data security and privacy protection provide valuable references for data sharing and utilization in other fields, promoting the construction of China's data element market and the healthy development of the digital economy. Through the successful case of Chang'an Chain, we can see that independently controllable blockchain technology is of great strategic significance for safeguarding national digital security and promoting the development of China's digital economy.