According to ChainCatcher news, as reported by Xinhua Finance, the national-level scientific journal "Financial Electrification," supervised by the People's Bank of China, will publish an article titled "Exploring the Standardization of Practical Experience in Blockchain Digital Bond Innovation" in the second half of August 2024. The article is authored by the Central Government Securities Depository and Clearing Co., Ltd.'s China Bond Blockchain Digital Bond Project Team.The article states: As a national pilot unit for blockchain innovation applications, the Central Government Securities Depository and Clearing Co., Ltd. is actively promoting the implementation and standardization of the blockchain digital bond project. It is necessary to summarize and form specialized standards in a timely manner, striving to achieve replicable and scalable practices to promote the formation of an industry ecosystem and standardized development. Since exploring blockchain technology in 2018, it launched the country's first blockchain digital bond issuance platform in 2021 and has continuously optimized and enhanced system functionality and cross-chain interoperability.The platform has supported the issuance of multiple bonds, covering institutions such as state-owned banks and securities companies, promoting the integrated development of the digital economy and the real economy, while strengthening regulatory capabilities and industry norms. As the initiator of the alliance chain and the provider of system services, the Central Clearing Company is responsible for formulating business operation rules, establishing and improving alliance governance mechanisms, and maintaining the safe and stable operation of the system; it explores the effective coordination of necessary centralized management principles as stipulated by laws and regulations with distributed ledger technology, consensus algorithms, and smart contracts.The alliance chain does not change the legal central confirmation attributes and member access management authority of the Central Clearing Company. It efficiently achieves consensus formation in business processes through smart contracts and enhances the auditability, verifiability, and multi-party supervision of operations by the Central Clearing Company and market institutions through distributed ledgers and encryption algorithms. Market institutions, under the premise of complying with the alliance system, can orderly carry out business innovation, provide beneficial feedback and cooperative supervision, and jointly promote the high-quality development of the bond market.

ChainCatcher news, published in the second half of August 2024 issue of the national-level scientific journal "Financial Electrification," supervised by the People's Bank of China, features an article titled "Exploring the Standardization of Practical Experience in Blockchain Digital Bond Innovation." The authors of the article are the Central Government Securities Depository and Clearing Co., Ltd. Blockchain Digital Bond Project Team.The article states: As a pilot unit for national blockchain innovation applications, the Central Government Securities Depository and Clearing Co., Ltd. is actively promoting the implementation and standardization of the blockchain digital bond project. It is necessary to summarize and form specialized standards in a timely manner, striving to achieve replicable and scalable practices that promote the formation of an industry ecosystem and standardized development.Since exploring blockchain technology in 2018, the company launched the country's first blockchain digital bond issuance platform in 2021, continuously optimizing and enhancing system functionality and cross-chain interoperability. This platform has supported the issuance of multiple bonds, covering institutions such as state-owned banks and securities companies, promoting the integrated development of the digital economy and the real economy, while strengthening regulatory capabilities and industry norms.As the initiator of the alliance chain and the provider of system services, the Central Clearing Company is responsible for formulating business operation rules, establishing and improving alliance governance mechanisms, and maintaining the safe and stable operation of the system; exploring effective coordination between the necessary centralized management principles stipulated by laws and regulations and the technical architectures of distributed ledgers, consensus algorithms, and smart contracts.The alliance chain does not change the legal central confirmation attributes and member access management authority of the Central Clearing Company. It efficiently achieves consensus formation in business processes through smart contracts and enhances the auditability, verifiability, and multi-party supervision of operations by the Central Clearing Company and market institutions through distributed ledgers and encryption algorithms. Market institutions, under the premise of complying with the alliance system, can orderly carry out business innovations, provide beneficial feedback and collaborative supervision, and jointly promote the high-quality development of the bond market. (Xinhua Finance)