State Administration for Market Regulation: Actively exploring the application of new technologies such as big data and blockchain in the regulation and enforcement of internet platforms

ChainCatcher news, the head of the State Administration for Market Regulation, Luo Wen, stated that it is necessary to strengthen digital construction and enhance smart regulatory capabilities and levels. Actively explore the application of new technologies such as big data, blockchain, and artificial intelligence in the regulatory enforcement of internet platforms, accelerate the construction of a national online transaction regulatory platform, strengthen network-wide monitoring, early warning, and risk prevention, focus on enhancing penetrating regulatory capabilities, achieve unified command, unified scheduling, rapid response, and timely handling, and improve the precision, timeliness, and effectiveness of regulation. Optimize service measures to better unleash the development momentum of the digital economy.

We should take the creation of national network market regulation and service demonstration zones as a starting point, support and encourage local innovation in regulatory and service models, actively cultivate online business entities, promote the development of industrial clusters, and legally protect the legitimate rights and interests of all parties. At the same time, we need to further optimize the business environment and guide internet platform companies to develop in an open, innovative, and empowering direction. (source link)