IMI-Hande Fintech Salon (No. 2): Asset Digitalization
2017-03-01 IMI
Mr. Wu started with the technical reason why the development of asset securitization in China is slow. He came to the theme of asset digitalization by introducing the background of Bitcoin. He believes that the digitalization of assets is based on cryptography through distributed consensus system to form electronic assets, and promote a safe and convenient circulation of electronic assets. Digital assets, cross-border e-commerce development, and the internationalization of the RMB need block chain technology. Later, Mr. Wu explained several approaches of assets digitalization. As to the technical level, he explained the three generations of block chain technologies’ relationship and their own defects. He believes that the core block chain technology is that it has solved the problem of openness, security and uniqueness. Then, he analyzed the advantages and disadvantages of several technical achievements involved in the bottom technologies, including Bitcoin, Ethereum, Ripple, and Hyperledger. Finally, he also introduced China's exploration of assets digitalization and their future application.
In the Q & A session, Prof. Su talked about the relationship between digital assets and assets digitalization, the existence of money under the assets digitalization and the pricing of commodities. He believed that the block chain technology will change our lifestyle from a very low point of view. It is helpful to reduce the screening cost in the transaction. Even in the future when block-chain technology is widely applied, the world's future is combined by centralization and decentralization, rather than complete decentralization. In the trend of assets digitalization, the shape of money will change, and the pricing of commodity will be different. Mr. Wu claimed that commodity pricing can be completed by the background intelligence of block chain technology.
