Ant, which topped China's blockchain patent rankings, once again added to the blockchain.
At today's Hangzhou Yunqi Conference, Jing Xiandong, Chairman and CEO of Ant Financial, announced the Ant Blockchain Partner Program to open the Ant BaaS blockchain platform to the outside world, hoping to help the trust mechanism of the new financial chassis create more value , further reducing transaction costs. The partner release ceremony of the open plan was held on the spot, and the on-site partner representatives included PricewaterhouseCoopers, Xinhua Zhiyun, Accenture, Standard Chartered Bank, and Nono.com.
In Jing Xiandong's speech, he said: "We believe that the blockchain is not only about coins, but the blockchain is a trust machine. We believe that blockchain technology can achieve great value in the matter of trust."
Ant has been in the blockchain field for a long time,In this year's and last year's rankings of global blockchain patent companies, Ali was ranked first among Chinese companiesAccording to OdailyAccording to OdailyYesterday, the Ant Financial Pavilion at the Yunqi Conference found that the partner program already has 18 partners, which means there are currently at least 23 partners.
For Ant itself, the opening of the BaaS platform is part of the Ant Technology Open Strategy. Jing Xiandong said that as a technology company, Ant is opening up financial technology capabilities represented by BASIC (blockchain, artificial intelligence, security, Internet of Things, cloud computing), and supporting more partners to serve hundreds of millions of users .
As far as the development of blockchain is concerned, BaaS has become the standard posture for large companies to deploy blockchain.
According to Odaily’s previous statistics, just taking BATJ as an example, Baidu has developed a BaaS platformBaidu Trust, mainly focusing on the fields of finance and cloud computing; the BaaS platform developed by AliAlibaba Cloud BaaSInvolves commodity traceability, supply chain finance, data asset transactions, and data content copyright protection; TBaaS developed by Tencent focuses on the financial field; JD.com developsZhizhen Chain BaaSFocus on logistics and traceability. For the layout of the specific giant blockchain, welcome to read "Odaily's illustration | A picture to understand the blockchain layout of domestic Internet giants》。
Jing Xiandong also announced the mini program ecological development plan at the scene.He said that Ant established the STS Alipay Technology Innovation Fund, which will invest 1 billion within three years to support technological innovation and development including small programs, and provide multiple resource support for small program developers and partners. At the same time, in terms of blockchain, in addition to the openness of technology and platforms, partners will also be provided with various forms of support such as business cooperation, capacity training, market support, and brand co-building to jointly promote blockchain technology and commercial applications. Innovation and development.
Alipay's mini-programs have been active this year. WeChat relies on its social advantages to launch mini-programs, aiming to occupy offline scenarios and long-tail traffic, while Ant uses its own advantages to try different strategies, aiming at differentiated competition for B-end small and medium-sized merchants. Internet giants and hardware manufacturers such as BAT, Toutiao, Huawei, and Xiaomi are also scrambling to deploy small programs (although the names are different), and small programs have become standard technology. Different platforms are also matching accurate scenarios according to their own traffic characteristics, and it is very likely that they will still be separated in the future.
The full text of Fu Jingxiandong’s speech at the Ant Financial ATEC Main Forum:
Good afternoon, friends and partners! Welcome to Yunqi Conference, ATEC venue.
I am very happy, especially thanks to the partners and friends who flew from overseas, as well as the good friends of IFC who came from Africa. Many of our partners also came from South Asia and Southeast Asia. And the chairman of our scientific advisory committee from the United States, Michael Jordan, and many other friends, welcome to today's venue.
Every year at the Yunqi Conference, I am very much looking forward to participating in these few days of activities. Because I think this event is very good, every time I have the opportunity to see a variety of new technologies; I can exchange new ideas and ideas with many people; I can meet new friends and new partners . As the saying goes, "the lingering sound will last for three days", every time I come here, it will inspire me a lot for the next year, and I will be inspired for another year after participating in the next session.
I would like to start today's speech with a scroll. Let's look at the big screen.
Everyone is familiar with this painting. It is a painting of the Northern Song Dynasty in China, "Surfing the River During the Qingming Festival", which reflects the prosperity of urban life in Bianjing, today's Kaifeng, in the Northern Song Dynasty. Last year, our colleagues took a little time to put some elements and applications of our modern digital life into it. There is no deposit for credit here, there seems to be a power bank at the door, and there is smart medical care here. Smart medical care means that Alipay has 6,000 hospitals joining Alipay’s future hospital plan, which can be registered in the entire hospital, Payment between consultations and the preservation of the entire medical record are intelligent and electronic processes. There are many scenes to be seen.
I think this painting is very interesting. We have been thinking: what kind of panorama does today's digital technology bring to life? Our colleagues combined the prosperity of Bianjing’s urban life with digital applications in the way of combining ancient and modern times, which reflects the beautiful picture of digital China and digital life.
Today, I want to start today's sharing around the beauty that digital technology brings to life.
Warm technology: Create value with technology. In the past few years, we know that with this round of technological change, many new things have been brought. We have found a phenomenon, especially in the field of financial services, where some people create very illusory concepts and set up Ponzi schemes one after another, so that ordinary people lose their money in the end. In fact, they often do not do so-called financial technology, we call it fake Technology, just hanging a network cable, or just having a server or APP, is called financial technology. For us, financial technology and technology really mean technology with data, a credit system, and risk control capabilities. In the past two years, the blockchain has been on the rise. Some people use it to create various so-called virtual currencies. ICO issuance is very popular, and the common people yearn for it, creating many concepts. This type of situation is also a very big fraud and deception in it. In the end, the crazy cutting of leeks is definitely not what we are going to do. What Ant Financial has to do is that when we look back at history, from 2014 to today, we have been using technology to solve real problems and solve users’ pain points. We have listed a picture. When Alipay was founded in 2004, we What is dedicated to solving is how to allow buyers and sellers to eliminate the barriers of trust, to generate transactions, and to make transactions happen online. We have created a secured transaction model and established a set of trust mechanisms. We have come all the way. When we took loans for small and micro enterprises in 2010, we considered that it was difficult for businesses to do business without asset collateral. How should we help them finance, using a pure credit method. We use big data technology to help them obtain funds more easily. Our model today is called "310": 3 minutes to apply, 1 second to approve loans, and 0 manual intervention. We see that the same is true for QR code payment. How can every small offline merchant connect with the digital world? A QR code connects online and offline with technology. Today, every baked sweet potato on the street, or even many aunts who sell lotus pods by the West Lake in Hangzhou, can post a payment code to collect money, which is convenient for fund management. When it comes to Yu'ebao, Yu'ebao allows every public to use their pocket money to manage small amounts of money, and to obtain appropriate returns under low-risk conditions and relatively good liquidity. To today's blockchain cross-border remittances. Along the way, what we insist on is how to use technology to create better benefits for every consumer and small and micro enterprise. This is our concept of technology, and this is the value we insist on.
Mobile payment: We compared the past and the present. The scene of doing business in "Along the River at Qingming Festival" and the current scene, compared with today's scene, how to use digital technology to activate our convenience and convenience. This picture actually shows that in the corner of the Himalayas today, the owner of our tent shop can also use the QR code to enjoy the same convenient financial services as Beijing, Shanghai, and Hangzhou, which bridges the development gap. . This is the significance of technology. The creation of technology eliminates regional differences and regional development imbalances. It does not create gaps, but eliminates gaps.
Digital public service: Scan the QR code to take the bus today. The innovation is to put your transportation card into the mobile phone. Not only put the bank card into the mobile phone, but also make the mobile phone more convenient to complete all payment behaviors. Put the card in the mobile phone, so that you can take the bus very conveniently. Today we have connected with the bus systems of 120 cities. Such a convenient service is provided to tens of millions of people every day. Yesterday we held a large-scale event, World Car-Free Day, and you can enjoy it today. After you enter Alipay and open Alipay, you can search for low-carbon travel, and you can receive a 50% off bus card. Many friends at the scene may not know how to travel by bus. But tell your friends, enjoy our low-carbon travel life.
This is a smart hospital. Before using today's mobile payment, our hospital was full of long queues. But today we can use this technology to make appointment registration, to make payment between clinics, and to do the entire convenient electronic management. And today, in addition to the front-end service, this thing has actually been connected to the blockchain platform. All medical records can be uploaded to the blockchain platform. The records and bills of these medical records can be connected with insurance, not only for insurance institutions. It solves the problem of so-called repeated reimbursement, and also provides consumers with a very convenient experience, because the data is credible, and it is more convenient to obtain corresponding services.
Credit system: We believe that the new credit system can allow every consumer and every small business to experience the convenience, warmth and inclusiveness of finance, and everyone is equal in front of finance. I believe credit is wealth. The word credit is very interesting. One letter is used and the other is used. Whether there is a letter or not, is there any data used to describe the description of a person's credit status, and the second is whether it is used. Only use can create value. We have been creating in the past few years. First, we use technology to describe the letter, and give a Sesame Credit score to better describe the possibility and probability of each person's performance in the near future. Second, we are committed to promoting more credit scenarios, so that everyone can feel that true credit is wealth and credit is capital. There is no capital today, but you can participate in economic activities if you have credit. With credit, you can have Huabei and Borrow, and operators can have small and micro enterprises to finance and participate in business activities. This is the power of credit is wealth. We hope that everyone will begin to pay attention to credit and become more trustworthy. This is our philosophy. We've been doing a huge push in credit over the past few years. To give an example of the shared bicycle industry, the deposit industry alone, and various deposit industries, have saved 50 billion deposits for users, and we have made social credit more available everywhere, available to everyone, and everyone is willing Cherish it.
Blockchain cross-border remittance: Blockchain technology, we have been talking about it today. Just now we have a display of our blockchain in the ATEC exhibition hall upstairs. You can take a look if you have time. We strongly believe that blockchain technology is definitely not equal to digital currency or virtual currency. The value brought by blockchain is very large. We believe that blockchain is a trust mechanism. Interestingly, 14 years ago, when we first triggered Alipay, Alipay solved the problem of trust. But trust solves the one-to-one trust relationship between me and you, sellers and consumers. Today's blockchain technology solves more trust issues, and in a whole society, what we see today in the alliance chain is to solve the trust issues among all participants in the value chain.
The process of digitalization in today's world is accelerating. Due to the rise of IOT and Internet of Things technologies, the acceleration of digitalization is even faster. When the whole world is digitized, how do we ensure that people are credible, assets are credible, transactions are credible, and things are credible? This has become a huge challenge. Trust is the basis of all economic activities and transactions, so we believe that the foundation of blockchain will play a huge role in trust in the future world.
Today we have started to use blockchain to solve various problems. As mentioned earlier, we have started to apply it in terms of medical electronic medical records and diagnostic records. We have started to let consumers, social security institutions, and hospitals have such a trust The relationship, or the trust relationship of other participants is more reliable, due to the distributed ledger technology and smart contract technology.
Another thing we are doing is blockchain cross-border remittance. In the past, we knew that there were many intermediaries between a remittance party and a remittance party in cross-border remittances. We can use blockchain technology to parallelize all of them. On one chain, we use smart contracts to ensure that the execution of all transactions is automated. implemented. All links, every intermediate link, and every step are not serialized, but parallelized. Regardless of the flow of funds and third-tier compliance, the independent compliance matters of each institution can be synchronized to greatly improve efficiency.
There are many things to share about the blockchain. We will continue to launch applications that solve real scenarios. We will launch applications one by one at the right time, so that everyone can truly feel the value of technology.
Risk Brain: Our starting point is very simple. Everyone sees all kinds of chaos, with financial technology or not, with technology coming, and deceiving consumers with an illusory hat. Today, only technology can better prevent This type of situation. So we started to do it, using so many years of technology precipitation, to build a system to help supervise technology. See how all these industries are doing in a certain area, help regulators start early and small, find problems earlier, and find problems on a smaller scale, instead of waiting until the problem is big, hope to help the market to regulate, can Help prevent financial risks. This system has already been applied in many cities.
Just now I used some cases to introduce some cases where we use technology exploration to promote our actual value creation and solve practical problems. We have been working in three major areas. We are making governance more efficient and promoting a more active and prosperous economy, because of these credible mechanisms and risk prevention systems. The third one makes life better, because of the convenience of mobile and digital technology, it can help merchants and consumers, and between different partners, to have smoother connections, more interactions, and more services.
We focus on the future, facing the future we focus on five technologies: BASIC, this word means that each word represents a technology: blockchain, artificial intelligence, security technology, Internet of Things and computing technology.
These five technologies are the five core aspects of Ant Financial's future-oriented technology system, and they are our five general outlines. Based on these technical aspects, we have further developed three capabilities: credit capabilities, risk management capabilities, and professional connection capabilities. Through our professional services to help consumers and merchants, partners and partners connect, through our blockchain, through Alipay APP, through small programs, we open up these technologies to everyone. I hope these five technologies can promote the upgrading of our new finance and make financial life more transparent and convenient.
We are fully open. We said a few years ago that we wanted to be a propeller of new finance and inclusive finance. For more than three years, we have been fulfilling our original promise and increasing opening up. Since the beginning of this year, we have opened up all our businesses. Everyone knows that our Yu’e Bao, Huabei, and Jiebei are our core businesses at that time, and we opened them up. There are also small and micro enterprise loans, the platform of Ant Fortune, and the insurance platform are all open. The second layer opens up capabilities. Through our small program, I always feel that what is the difference between Alipay's small program and others? Our Alipay is the first one closest to money. What Alipay helps users manage is money, which is our wealth. The second category is the closest to trust. Alipay has strengthened credit and trust from the first day. We believe that trust is so simple, and only credit equals wealth. This is our philosophy. So today, our third one is the closest to the service. Alipay not only connects money and trust today, but also connects various localized and convenient services. We open these up through small programs, through our life account, and through our citizen core capabilities. The third layer of technology is open. We just mentioned the five pieces of technology. In fact, we have a distributed architecture called our own in the lobby and exhibition hall on the first floor. The distributed architecture of three places and five centers is our own ability. It has been our so many years. The foundation of standing. Three places and five centers, just cut the line on the spot, and saw that it took 25 seconds for the computer room to switch automatically, the system was stable, the transaction was smooth, without any interruption. This is our technology, and we open it up to all institutions. Based on these three openings: business openness, technology openness, and capability openness, to serve our customers, we open up our scenarios and services, and serve our common customers and common scenarios through openness.
We believe that a single tree does not make a forest, and only openness can better promote the construction of digital China and make the entire digital life more and more beautiful. This is our philosophy. Today we will open up even more vigorously. Through the site of our ATEC meeting today, we would like to announce two more major opening plans:
1. The ecological development plan of Alipay Mini Program. We held a small program developer competition here yesterday, and I was surprised that there was an 11-year-old girl from Shanghai who performed very well, which surprised me. I always feel that when I was 11 years old, I was still riding a bicycle every day in the countryside, maybe playing around. But today, this kid, at the age of 11, began to use code to change the world, paying tribute to the kid. I told my children to study hard, and Alipay will open the door for you when you grow up, join our team, serve more people, and serve 2 billion people.
Second, Ant Blockchain Partner Program. We have opened up our blockchain platform, and we hope that more developers will join us and start using blockchain for the whole society and new finance in the future. The trust mechanism and trust system of this chassis can create more the value of. Because we believe that our trust mechanism can make our assets, our things, more credible. Transaction costs are lower.
Next, I think we will conduct a release ceremony of Ant blockchain partners, let's look at the big screen.
