Innovative technologies, including blockchain technology, are enablers with the potential to transform sectors and create a more connected world. The nascency of the blockchain and digital asset industry presents innumerable opportunities as well as significant risks.

“Huarui FinTech Salon” (No. 2), jointly hosted by Shanghai Huarui Bank, International Monetary Institute (IMI), Renmin University of China(RUC) and RUC FinTech Institute, was held on August 30 afternoon online. The theme of the salon was “Blockchain technology development and its application trend”. The keynote speech was delivered by Cao Feng, Member of the China FinTech 50 Forum (CFT50). The following experts attended the salon: Deng Di, Chairman of Taiyi Group; Sun Xi, Senior Expert of Ant Group Research Institute; Yang Dong, Executive Dean of Blockchain Research Institute, RUC; Wu Entao, Managing Director of South China Sea Cooperative Innovation Development Fund. The event was moderated by Qiu Zhigang, Senior Research Fellow of IMI and Professor of School of Finance, RUC.

The Abu Dhabi Blockchain and Virtual Assets Committee (ADBVAC) held its first meeting, under the chairmanship of Mohamed Ali Al Shorafa, Chairman of the Abu Dhabi Department of Economic Development (ADDED) and Chairman Securities and Commodities Authority (SCA), to discuss strategy for blockchain and virtual assets, which is aligned with the Emirates economic strategy.

It focuses on breakthroughs in core technologies in high-end chips, artificial intelligence, key software, blockchain, privacy computing, urban space operating systems and other fields.