Digital renminbi low-carbon card hardware wallet, digital renminbi for gas purchases... At the 2022 China International Fair for Trade in Services, the rich and colorful innovations of digital renminbi will be showcased.
"I applied for a low-carbon card on the spot. I heard that it can be used to ride bicycles, buses and subways in the future, which is especially practical for our elderly." Ms. Huang, who lives in Shijingshan District, Beijing, recently paid a digital renminbi in Shougang Park. Daoda experienced various digital RMB software and hardware products, and applied for a digital RMB low-carbon card on the spot.
This low-carbon card is the first digital RMB hardware wallet product for public circulation released by Bank of China and Meituan in the Shougang Park of the Service Trade Fair.
According to the staff, the low-carbon card can be used in various consumption scenarios of online and offline "food, clothing, housing and transportation".
Consumers can recharge and manage the low-carbon card through the digital RMB APP, and use the low-carbon card to make "touch" payments in various offline consumption scenarios that support the acceptance of digital RMB hardware wallets.
At the same time, after activating and binding the low-carbon card hardware wallet through the Meituan APP, consumers can use the digital RMB hardware wallet to pay password-free in scenarios such as riding a bicycle, ordering meals, and grocery shopping in Meituan. Convenient online and offline payment.
The use of digital renminbi is also expanding, which is one of the important directions for the steady advancement of the digital renminbi pilot.
In the ICBC smart gas meter scene experience area, the first IoT smart gas meter deeply integrated with the digital RMB hardware wallet was unveiled.
Consumers can complete the whole process of digital RMB gas purchase through the hardware wallet mounted in the IoT smart gas meter, which helps to solve the problems of complex processes and single channels in traditional gas purchase scenarios.
In the future, users can manage the digital RMB hardware wallet in the smart gas meter through channels such as "Digital RMB APP", and rely on functions such as smart contracts and on-demand charging to realize the automatic gas purchase of the gas meter and the user's non-inductive payment process.
In addition, the IoT smart gas meter is equipped with a SE security chip that meets the requirements of national secrets, creating a safe and reliable digital RMB payment environment for users.
At the "hardware wallet" experience station, ICBC also exhibited more than 10 digital RMB hardware wallet products, including standard IC cards, smart watches, digital badges, smart student ID cards, electronic senior ID cards, and super SIM cards. ” way to quickly realize payment and improve the customer’s consumption experience.
In addition, hardware wallet integration products can add access control, electronic fence, sports health and other functions on the basis of supporting digital RMB functions to meet the needs of customers with multiple applications and multiple scenarios with one card.
According to the staff, at present, ICBC has carried out the pilot and promotion of hardware wallets in many regions of the country.
Recently, there has been a lot of new progress in the digital renminbi pilot.
The Industrial Bank digital RMB wallet was launched a few days ago, which is an important development after Industrial Bank became the 10th digital RMB operating institution in March this year.
The relevant person in charge of Industrial Bank said that the bank will take the launch of the digital renminbi wallet as an opportunity to create more characteristic scenarios and business models, continue to expand its service reach, promote the expansion of the digital renminbi pilot work, and provide more opportunities for the real economy and the general public. Convenient and safe digital renminbi services, and strive to become a market-leading digital renminbi operating agency.
Product innovation has been accelerated, usage scenarios have been broadened, and the digital renminbi pilot program is progressing steadily.
As of May 31, the pilot areas in 15 provinces and cities had accumulated about 264 million transactions through digital RMB, with an amount of about RMB 83 billion, and the number of merchant stores that supported digital RMB payment reached 4.567 million.
Seeing these new developments, everyone is more concerned about how the digital renminbi will develop next?
At the 2022 China International Financial Annual Forum held during the Service Trade Fair, Mu Changchun, director of the Digital Currency Research Institute of the People's Bank of China, revealed that a digital RMB smart contract ecological service platform will be built.
The digital renminbi smart contract technology is one of the most prominent innovations of the digital renminbi at present.
"Smart contracts have great potential in supporting the cost reduction and efficiency improvement of the digital economy, and promoting service innovation and development." Mu Changchun said that in the top-level design of the digital renminbi, by loading smart contracts that do not affect the currency function, the digital renminbi is realized. Programmability enables the digital renminbi to conduct automatic payment transactions according to the conditions and rules agreed upon by the parties to the transaction under the premise of ensuring security and compliance.
As a digital form of legal tender, digital renminbi has great advantages in establishing an ecosystem that supports smart contract applications.
Mu Changchun said that the digital renminbi smart contract has a wide range of application scenarios, which can reduce the performance cost of economic activities, optimize the business environment, and promote the deepening of the digital economy.
At present, digital RMB smart contracts have been successfully applied in the fields of government subsidies, retail marketing, and prepaid fund management.
In different scenarios, the functions of digital RMB smart contracts are also diverse.
For example, in the field of prepaid fund management such as prepaid consumption, smart contracts can effectively prevent misappropriation of funds, achieve transparent management, take into account the existing business model, and protect the interests of all parties.
In the field of targeted payment such as financial subsidies and scientific research funds, smart contracts can monitor the use of payment and improve the efficiency of government funds.
In the field of fund settlement, such as fund collection and intelligent account splitting, smart contracts can solve the compliance problems of payment transaction processing, improve the accuracy and automation level of fund processing, and reduce errors and risks in manual processing.
In the marketing and retail fields such as consumer red envelopes and smart payment, smart contracts can reduce implementation costs, protect user rights, and improve customer experience.
In the field of domestic and foreign trade, it can provide a closed-loop solution of "signing + contract performance" to improve the binding force of contract execution, realize the synchronization of capital flow and information flow, and reduce settlement and compliance costs.
Mu Changchun said that with the gradual improvement of the underlying platform and related institutional arrangements, the implementation will be accelerated on a larger scale.
We will work with market institutions to accelerate the construction of the digital RMB smart contract ecosystem, give full play to the joint efforts of all parties in the industry, improve relevant business norms and standard systems, establish a compliance review mechanism, and study judicial connection arrangements with relevant departments.
Chen Guojing