The China Data Asset Management 50+ Forum Explores RWA Business Model Construction: A Key Path to Unleashing the Value of Data Elements

The China Data Asset Management 50+ Forum Explores RWA Business Model Construction: A Key Path to Unleashing the Value of Data ElementsOn January 9th, the China Data Asset Management 50+ Forum held a closed-door seminar in Beijing. Experts and scholars from universities, academic societies, industry associations, financial institutions, consulting firms, and data trading platforms gathered to delve into the topic of "RWA Business Model Construction," aiming to foster collaboration and accelerate the exploration of pathways to unlock the value of data elements

The China Data Asset Management 50+ Forum Explores RWA Business Model Construction: A Key Path to Unleashing the Value of Data Elements

On January 9th, the China Data Asset Management 50+ Forum held a closed-door seminar in Beijing. Experts and scholars from universities, academic societies, industry associations, financial institutions, consulting firms, and data trading platforms gathered to delve into the topic of "RWA Business Model Construction," aiming to foster collaboration and accelerate the exploration of pathways to unlock the value of data elements. The seminar focused on the currently highly-discussed RWA (Real-World Asset Tokenization) technology and its immense potential in driving the development of the digital economy.

RWA, or Real-World Asset Tokenization, refers to the process of storing the ownership of physical assets as digital tokens on a blockchain and facilitating their trading. This concept can be understood as a digital "IPO," using tokenization to transform various real-world assets (such as real estate, artwork, and intellectual property) into digital assets freely tradable on the blockchain. This transformation not only enhances asset liquidity but also offers novel solutions to the numerous challenges faced in the financialization of traditional physical assets.

Industry experts generally believe that RWA provides a new exploration path for addressing five common difficulties in the financialization of physical assets: authenticity, transparency, liquidity, economy, and consensus. The financialization of traditional physical assets is often constrained by information asymmetry, high transaction costs, and regulatory difficulties. However, RWA, based on blockchain technology, effectively improves transaction transparency and traceability, reduces transaction costs, and simplifies transaction processes through smart contracts, significantly enhancing asset liquidity. Simultaneously, the consensus mechanism of RWA strengthens trust among market participants, promoting efficient asset allocation and value realization.

Zuoan XinHui (Shanghai) Data Technology Co., Ltd.'s recent launch of the Malu Grape RWA project, the first RWA project in the agricultural sector, serves as a typical case study of RWA technology's practical application. The successful implementation of this project not only validates the feasibility of RWA technology but also provides valuable experience for exploration in other industries. At the seminar, participants engaged in in-depth discussions on cutting-edge theories and innovative practices related to RWA, and also looked ahead to the application prospects of RWA technology in various fields.

Attendees generally agreed that RWA possesses immense potential and deserves close attention and active exploration. However, the development of RWA is not without its challenges and requires careful and steady progress. At the technological level, continuous improvements to blockchain technology are needed to enhance its security, efficiency, and scalability. At the regulatory level, a sound legal and regulatory framework must be established to ensure the compliance and security of RWA. At the application level, active exploration of RWA application scenarios in different fields is necessary, along with continuous optimization of RWA business models.

Mr. Wang Shiyu, a senior researcher at Taihe Institute and founder of DVI, pointed out at the seminar that compared to traditional capital, RWA is more scientific and simple, possessing greater advantages and development potential. He suggested accelerating pilot applications of RWA in China to drive the development of the country's digital economy. His views were widely supported by the participants. As one of the world's largest digital economies, China possesses vast data resources and technological advantages, giving it unique conditions for developing RWA. Through active exploration and steady progress, RWA is expected to become an important engine driving the development of China's digital economy.

This seminar was hosted by the China Data Asset Management 50+ Forum (SCDA50+), jointly initiated by the State Engineering Laboratory of Big Data Circulation and Transaction Technology, the Shanghai Data Exchange Research Institute, and the Shanghai Data Development Technology Co., Ltd. Research Institute, with the participation of universities, enterprises, financial institutions, professional service organizations, and renowned think tanks. Focusing on "New Assets in China, New Value Globally," the forum aims to propose new theories for data asset management, develop new systems for data asset management, and construct new paradigms for data asset management, ultimately aiming to promote a new global resource allocation structure centered on data assets and unlock new value from data assets.

As an emerging technology, RWA is still in its early stages of development, facing numerous challenges and opportunities. While actively exploring the application of RWA technology, it is necessary to strengthen the assessment of technological and market risks and establish a sound risk prevention and control mechanism. International cooperation and the leveraging of international experience are also vital for promoting the healthy development of RWA technology.

The seminar also explored the application prospects of RWA in various fields. For example, in the financial sector, RWA can be used for securitization, bondification, and asset-backed securities; in supply chain finance, it can be used for supply chain financing and trade financing; and in the digital asset field, it can be used for digital artwork trading and digital collectibles trading. These application scenarios demonstrate the immense potential of RWA technology and provide new impetus for driving the development of the digital economy.

To better leverage the advantages of RWA technology, industry-academia-research collaboration must be strengthened to promote technological innovation and application implementation. Talent cultivation is also crucial, nurturing more professionals proficient in RWA technology and applications. Only through concerted efforts from multiple parties can the healthy development of RWA technology be better promoted, contributing to the development of China's digital economy.

In summary, the closed-door seminar of the China Data Asset Management 50+ Forum successfully explored key issues in RWA business model construction, providing direction for promoting the application and development of RWA technology in China. The consensus among participants was that RWA technology has enormous development potential, requiring careful and steady progress alongside active exploration, strengthened regulation, and risk prevention to ultimately achieve its healthy and sustainable development, injecting new vitality into China's digital economy. This will be a long and complex process, requiring the joint efforts of all parties to achieve the desired goals. The future development of RWA is promising, and its contribution to China's digital economy will become increasingly evident. This seminar also provided important references for future RWA research and applications.