my country leads the formulation of the world's first international standard in the Internet of Things financial field

　　◎Our reporter Guo Guozhong, correspondent Pan Tianji

　　The reporter learned from the Wuxi Internet of Things Industry Research Institute on the 17th that the International Organization for Standardization (International Electrotechnical Commission) officially released the "System Requirements for the Integrated Platform for the Pledge Supervision of Movable Property Based on the Internet of Things (Sensor Network) Technology" Internet of Things Finance International Standard.

This is the world's first international standard in the field of Internet of Things finance formulated by Chinese experts as the chief editor.

　　The reporter learned that this international standard is applicable to the design and development of the Internet of Things or sensor network system for chattel pledge supervision services. It specifies the system requirements for the Internet of Things or sensor network integration platform for the financial services of chattel pledge supervision. The new application of networking technology in the chattel pledge supervision service can effectively monitor the entire process of chattel pledge in real time, and realize the full life cycle management of the bank’s chattel pledge.

　　At the same time, this international standard also has an important supporting role in improving the regulatory efficiency of movable property regulators and warehousing companies, reducing regulatory costs, etc., and can also provide references and references for other industry-related standards.

　　According to relevant experts, since 2012, Wuxi IOT Industry Research Institute has formed a team of experts to start Internet of Things financial exploration, pioneered the world’s first Internet of Things financial theory, and focused on promoting Internet of Things technology innovation and application expansion; in February 2017, China ISO/IEC JTC1 WG10 made a new proposal report at the seventh meeting, and under the guidance of the China Electronics Standardization Institute, systematically carried out research on sensor networks and Internet of Things technologies that support the monitoring and tracking of financial transactions and movable assets; 2018, China Jointly initiated by five member countries including Japan, Germany, and Russia to establish the International Internet of Things Fintech Standards Research Working Group. The Wuxi Internet of Things Industry Research Institute led the establishment of the world’s first Internet of Things Fintech Standard ISO/IEC 30163 on behalf of China. After 5 years, the establishment of this standard was completed.

　　It is worth mentioning that in recent years, while leading the development of standards, Wuxi Internet of Things Industry Research Institute has taken the lead in the world to rely on the first Internet of Things financial theory to accelerate innovations such as Internet of Things financial technology research and development, model innovation, application demonstration and business promotion. Work to assist financial institutions to control financial risks, solve the problems of difficult financing, expensive financing and incapable financing of physical manufacturing, especially small and medium-sized enterprises, and help build high-quality supply chains and industrial chains to serve the real economy.

　　"As of February this year, the Internet of Things Fintech has served 27 commercial banks and achieved business landing. It has served 4 head insurance companies, 3 financial leasing institutions, and 2,359 entity corporate customers in more than 30 industries. The cumulative amount of financing for financial institutions to rescue enterprises reached 47.581 billion yuan, 10,127 credit services, 50,542 repayment services, zero risk, zero defect, and a new model of supply chain finance." Wuxi Internet of Things Industry Research Institute The relevant person in charge said.

(Science and Technology Daily, Wuxi, March 17th)