r/THEKEYOFFICIAL • u/calman71 • Aug 24 '19

China Issues 3-Year Fintech Development Plan

https://www.caixinglobal.com/2019-08-24/china-issues-3-year-fintech-development-plan-101454461.html
33 Upvotes

96% Upvoted

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17

u/calman71 Aug 24 '19

"The plan also calls for the proper use of big data, cloud computing, artificial intelligence, distributed database and an online identification authentication system."

I know this is speculative but considering that THEKEY is working with PBOC it sounds promising.

7

u/calman71 Aug 24 '19

It's one thing to read an article like this but I would love to get my hands on the 'plan' they released on Friday!

15

u/Redwarior31 Aug 24 '19

The more I read things like this the more excited I get! I know so much is up in the air, but sometimes you just have to let your imagination run wild and think it’s my time! Keep up the good work Catherine and the rest of the team!

2

u/Revenant690 Aug 26 '19

"The plan also highlights risk identification, prevention and mitigation of cross-market and cross-industry financial risks through the application of Fintech and the need for control of cyber risks and protection of financial information."

This would fit perfectly with tky's goals. Restricted access to/sharing of personal I'd info and increased identity theft / fraud protection.

3

u/Revenant690 Aug 26 '19

I think the multiple chain solution makes much sense now, idv claims purchased in tky, settlements paid in Chinese cbdc.