On December 12, the Hangzhou International Digital Trade Center was officially launched at the first Global Digital Trade Expo. 

The data element market is becoming a new track where all parties are competing to enter. In a short span of 2 years, data trading institutions in Beijing, Shanghai, Guangzhou and Shenzhen have been launched successively. Today, the official launch of Hangzhou International Digital Trade Center marks an important step on the way to promoting the reform of market-oriented allocation of data elements, which is of historical significance for Hangzhou to promote the efficient circulation and use of data elements, fully release the value dividends of data elements, and empower the high-quality development of the real economy.

Upgrade digital infrastructure to create a model benchmark 

The Hangzhou International Digital Trade Center makes full use of Hangzhou's advantages as a highland of the digital economy, and relies on the core capacity support of data sharing and exchange, asset management and business collaboration provided by the city's main chain infrastructure platform, to build a complete data element ecology with many participants such as data providers, data buyers, trading platforms, intermediary service providers and data supervisory departments, cultivate and develop new business models and new format for data applications, continue to expand the scale of transactions, and build a leading innovative trading platform with Hangzhou characteristics.

Hangzhou International Digital Trade Center strictly adheres to compliance first and builds a "3+1+N" digital trading platform. It will build 3 platforms, form a set of comprehensive, convenient, efficient and credible trading system specifications, and devote itself to solving a series of compliance problems in the process of data production and trading. The combination of "3+1+N" solves the problems of lifecycle trading, data authorization and development, data security and credit, builds a systematic data business system covering data trading subjects, data compliance assessment, quality assessment, security audit and other fields, activates the data element trading market, constructs data circulation and trading ecology, and promotes Data circulation and utilization efficiency.

Cultivate and develop new models and new business modes 

Focusing on data credible circulation and digital culture, Hangzhou International Digital Trade Center has been making efforts in the double track of data element service and digital asset trading, cultivating and developing new business models and new formats of digital applications, and boosting social and economic development.

Up to now, the centre has established cooperation with 215 enterprises, shelved 428 products, realized 568 trading operations, and achieved a total transaction amount of 1.091 billion yuan.

Data element business

Hangzhou International Digital Trade Center, as the first platform with online full closed-loop trading capability in the industry, through data validation, data products, evaluation validation and transaction aggregation; data product development environment; provide privacy computing technology for multi-party joint modelling under the condition that data does not leave the domain, promote public data authorization application scenarios, and build data ecology in government, public, and enterprise vertical industry sectors.

Digital Asset Business

In order to actively respond to the national cultural digital strategy, explore data elements to boost the cultural digital service supply system and help the real economy. Hangzhou International Digital Trade Center is a pioneer, in empowering culture and art through digital technology, forming online and offline integration and interaction, and covering the cultural propaganda system in three dimensions.

In addition, Hangzhou International Digital Trade Center is committed to protecting the copyright rights of digital works, carrying out intellectual property rights, commercial copyright, patent and trademark business, using blockchain-based technology for authentication and cross-chain mutual recognition and creating a meta-universe of multiple application scenarios. It has accomplished many innovative explorations and practices in the field of digital copyright together with relevant industry institutions and industrial partners, actively promoted digital content innovation and intellectual property protection, and provided secure information backup services for the rights and interests of digital works.

Reporter: Qian Yingchao 

Editor: Ye Ke