Top 10 Early Digital RMB Pilot Program Applications in 2021

If 2020 is the first year of the digital renminbi, 2021 is expected to be the year of the digital renminbi's rapid growth.

According to the data, since October 22, 2021, 140 million personal wallets and 10 million wallets have been opened for digital RMB, the number of exchanges has increased to 150 million, and the packaging industry has reached 62 billion yuan. Currently, 1.55 million merchants support renminbi digital wallets covering utilities, food services, transportation, shopping and government activities.

By 2021, the city driver will not only make more efforts in digital renminbi operations, but also make no effort to expand the experience. This article presents the top 10 representative application examples for 2021 of the annual commodity.

1. Original rigid wallet for "digital renminbi" SIM card

On February 7, China Mobile's first SIM card supporting the "Digital Renminbi" leather case was unveiled at the Suzhou Mobile Business Hall. The renminbi digital SIM card material is jointly developed by China Mobile and China Mobile and Business Corporation, and can realize offline double payment. for

At that time, the first digital yuan hard wallet as a SIM card appeared if the user can apply for a super mobile SIM card as an ID card, and then send it to a cell phone with NFC function using the digital yuan. The RMB rigid wallet is chargeable. ", transfers and phone bills in seconds.

On October 13, China Mobile once partnered with Handmade Commercial Bank to develop a "Super SIM card based on RMB currency" and the first name "SIM PAY" in Suzhou. In fact, digital renminbi hard wallets in SIM cards have been launched in the market.

According to reports, Suzhou will recognize China's first SIM-based C2C renminbi offline digital marketplace in November 2020, and was the first digital renminbi city in February 2021.. In July 2021, SIM PAY products had the first commercial test and completed 1,000 cards. for

Yes, China Mobile is not the only one to expand the rigid SIM card wallet, and China Unicom and China Telecom are still expanding. Due to the speed of experimentation and cooperation, China Mobile has always cooperated with the Trade and Industry Company of China to promote SIM products, and the Finance Company has been in pre-competition with China Telecom and China Unicom. According to "China Telecommunications Union".

In September, the “Digital Renminbi” wallet developed by China Telecom and Finance Corporation was launched, and after the end of October, the Rigid Telecom SIM card wallet was launched. The Winter Olympics China Unicom and Bank of China affiliated announced the China Unicom Wo Wallet app digital RMB wallet. Users can open their RMB digital wallet in the app. The IoT SIM card supports a variety of online and offline payments.

2. First scenario of "payment elements" of the rigid portfolio

On March 19, the state-owned energy company and State Grid took the initiative to implement the yuan-denominated wallet for new energy vehicle charging incidents in Xiongan new area, seeking to use advanced technology to payment.

According to the report, the renminbi's hardware wallet is located behind the charging port and the charging gun of the electric car, and when the owner pays for the car, the payment equipment simply reads the information from the owner's wallet and starts to pay, and deducted from the owner price. electricity bill when paying. Completed. , car owners don't need to pay, and the lead-free payment experience is visible.

According to the mobile payment network, the application of new energy vehicle payment is expected to be the first public digital RMB event in payment, and it is also a new experience by the hardware in the field of Internet of Des things.

In the past, according to Chengdu Red Renminbi Envelope Information Activities, Chengdu has been involved in new energy vehicle payment resources by supporting the renminbi and using the renminbi digital currency. are not available. details were presented. for

On December 27, in Guangdong Province, the first renminbi hard wallet digital payment information was announced in Luohu District, Shenzhen, the project was led by Luohu District Government and joined Changhong Network Technology , the branch of the Bank of China in Shenzhen and China Gas. . and other units. for

Of course, the new electronic payment is just one example, and in the future there may be enough room for the “payment information” based on the RMB digital wallet to improve.

3. Announce the first digital “on-chain” renminbi payroll on behalf of others

On June 13, China Hebei Xiong'an Financial Corporation joint venture with China Xiong'an Group Digital City Technology Co., Ltd. to complete the first digital on-chain RMB payment system in Xiong'an New District. .

As a mobile payment network, the company will use Xiongan New Area's "blockchain fund payment platform" to pay the developers of the spring reforestation project in the form of "digital renminbi." It is also the country's first “blockchain digital renminbi”. "." The application scenario is complete. for

For this new development, the subcontractors will release a "digital renminbi" payment application from Xiong'an's "blockchain fund payment platform" and submit it to the developer's digital ID wallet, payments and other payment information on the channel. and on-chain, transferring funds in the form of digital renminbi from the public portfolios of subcontractors to the private digital portfolios of construction companies in batch, according to the above application, to know the companies' 'access' payment construction and intermediaries. very simple. The performance of payment and payment procedures was excellent. for

At the same time, from the point of view of mobile payment, the system not only reduces the cost of labor, but also makes the information exchange public and transparent, ensuring the reliability and security of the business. for

Prior to that, many companies, including JD.com, used digital yuan payroll distribution scenarios, but the payment information "chain" is scarce. Although blockchain technology is not used at the low end of the digital yuan, there is no doubt that blockchain technology will play an important role in the demand and expansion of the digital renminbi in the future.

4. Double the offline payment for the first bus ride

On July 16, Xiongan New District completed the research and implementation of two offline payment methods in public transport using RMB digital wallet devices.

Our understanding of mobile payment is a significant improvement through the use of a public wallet in bus devices, allowing passengers to complete the cutouts by simply "touching" their hardware wallet while driving the bus. and knowledge of renminbi digital hardware wallets for payments.

This is the first time that the offline double payment of RMB digital hardware wallets has been used for bus situations. This year, some city drivers have continued to expand offline payment applications in the ad space twice, but the first announcement is significant to the market for some.

With the rapid development of the Internet and mobile terminals, mobile payment data will diversify. Hardware wallets are characterized by anonymous checks and offline double payments. In some special cases, there is still room for research and development. In the application of the future customized scenarios, the renminbi wallet application scenario will be enriched by loading various applications such as security, health, etc.

5. The first RMB application based on digital 5G language

On October 8, China Mobile and Enterprise Co., Ltd. launched and successfully announced the 5G message as a digital yuan wallet, became the first user of digital yuan equipment for 5G messaging, thus laying the foundation for the development of yuan yuan applications. . An ecosystem that uses the 5G language as a support.

5G messages support a variety of media such as text, audio, image, video, emoticons, and short message placements. 5G Message Digital Renminbi Wallet makes digital Renminbi Wallet services more robust and convenient, just like the keyboard shortcut added to Renminbi digital business works on Windows Mobile phones. for

The integration of digital renminbi with 5G messaging provides a friendly and easy-to-use payment community, and facilitates rapid renminbi support. Using the smart chatbot service, top up balance, check history, send money and other digital yuan transactions in social media window and enjoy the convenience of financial services provided by 5G Media. for

In fact, as of October 2020, China Unicom was already working with the Bank of China to test the digital yuan for mobile phone payments and apps for purchases with 5G transmission. for

In our past experience, as 5G media has become popular in the future, the advanced features combined with the global digital renminbi can make users more selective.

6. The first digital RMB tax scenario for Hong Kong residents

Chen, from Hong Kong, China, who started trading in Shenzhen on November 3, submitted his personal income in September to the Shenzhen Chenhai IRS tax office and taxpayers finished using the CCB yuan digital wallets. . for

As a mobile payment network, Hong Kong taxpayers are the country's first new tax reform to support total tax, all-inclusive digital renminbi organizations.

The Shenzhen Tax Office and the Shenzhen Construction Company integrated tax and banking registration, integrating RMB digital currency into the first cash collection system without changing the procedures. At the same time, Shenzhen Development Company, based on the bank's digital renminbi system interconnection platform, developed the first simple tax payment system to support total tax, l front-end organization of the digital renminbi is functioning and meeting the needs of the city of Shenzhen. Tax office for digital yuan payment link for all banks. for

Currently, tax plans based on the digital yuan program have been implemented in many leading cities, but Hong Kong's tax situation can be considered more efficient and effective.

7. New driving force of the first application of the digital yuan scenario in the security industry

On November 19, the Beijing Regulatory Bureau of the China Securities Regulatory Commission and the Beijing Financial Management Bureau announced the first batch of 16 positions to be included in the financial investment technology industry.

Raws li kev them nyiaj mobile network, "Securities Industry Digital Yuan Application Scenario Innovation Pilot" is a pilot project declared by Galaxy Securities and Industrial and Commercial Bank of China.

This project focuses on the real need of consumers to purchase financial services and purchase wealth management products, and in combination with the characteristics of the renminbi, "digital renminbi to buy the payment of financial services," "investment in digital renminbi on the stock exchange ". was established. "Third-party deposit management" and "digital asset management", portfolio, OTC asset management digital renminbi investment "three application scenarios in the security industry to achieve the goal of consumer safety, illegal business transactions such as money laundering, reducing exchange rates and improving financial performance

As the first application scenario in the security industry uses the digital yuan to buy the products from the market, the solution is slightly different from the traditional currency, in particular: consumers can pack their own renminbi wallets. 3. Establish a new digital financial management portfolio.

For the security of the industry, on the one hand, the experimental application of the digital yuan can optimize the characteristics of the digital yuan, improve the operational efficiency of consumers, and easily complete customer access through financial and customer security. In order to protect the rights and interests of consumers, on the one hand, there is the need for a national strategy and a change in the payments market.

8. The first digital yuan "gift" project

On November 29, the Dalian branch of financial institutions, the PICC P&C Dalian branch and the northeast branch of Anyang Futures jointly completed the completion of "Insurance Futures", including the joint venture of the first digital RMB. for

The mobile payment network allows farmers to avoid the risk of exchange rate fluctuations in the market by purchasing insurance products affected by the insurance company, at the same time the insurance company can buy the option in retail to replace business risk. future market. It moves on to the management of the business risks of the future company and finally creates a closed loop of risk management. for

This system uses the unique advantages of the digital renminbi in terms of security and convenience, a controllable process, both offline, to achieve the digital renminbi closing cycle, where people cultivate premiums and insurance payments. This is not only the first new application of the digital yuan in the field of "future insurance", but also the research strategy for the inclusion and financial promotion of the digital yuan in rural areas.

9. Cloud-side first RMB smart contract application

On December 9, the Shenzhen branch of the Agricultural Bank of China and Huawei jointly announced the results of a new application in the field of regulatory lending, signaling for the first time the success of the digital smart contract application based on the RMB cloud.

Managing a regular income in the rental market is cumbersome, difficult to assess and difficult to follow. The comprehensiveness of care depends not only on the conscious memory of the client, but also on the mechanism of operation of the lease. The application of the intelligent digital RMB contract to tenant care aims to strengthen the regulation of tenants and promote the stable and healthy development of the rental industry. for

The smart contract requires tenants to accept the rules of digital renminbi exchange and make automatic payments and payments, making the use of the renminbi easier and more diverse, ensuring better knowledge of financial aid.

As a mobile payment network, this smart contract is based on Huawei's blockchain, adopts cloud-based cloud integration, and uses the new security features of the security sandbox. is. Process of freezing and thawing money. , provide strong support for compliance monitoring and assessment. At the same time, this new application uses the digital renminbi smart contract designed specifically to open the interface between the smart platform and the digital renminbi base system, and realize the disadvantages of smart contracts and silver chains. for

Now the programmability of digital yuan based on smart contracts is a good thing, in the future it will be very convenient and usable to implement legal payments from time to time, the status and role of smart devices. . Fixed some issues. In the future, it is hoped that more and more digital RMB scripts will follow smart contracts.

10. The first digital export renminbi "Electronic Senior Certificate" with "Call Center" function

On December 28, the first digital and electronic renminbi age certificate with special coupon was completed in Jinjiang District, Chengdu, to learn about the promotion and use of renminbi currency for public assistance. - Proof of age contains exact location and two calls and other functions.

The card integrates special card coupons with the features of consumer value for money, integrity management and consumer credit. Open the "digital renminbi" payment function to light, the coupon is valid . by collaborating with industry and traders.

In other words, this card is not only equipped with the main function of "adult electronic card", but also has the function of spending yuan and special coupons, searching, checking location and checking out. '' call emergency services in both directions. . for

The announcement of the electronic yuan "electronic prepaid card" introduces the diversity of the hard yuan wallet in the form of a leather wallet on the one hand, easy to use for adults, and on the other hand, expanding the characteristics of the yuan. scalability. The future of the renminbi digital wallet is difficult.

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From a variety of activities to a variety of new landing events, from constant mention of the right information to details of central bank operations, from green environment protection to rural support, from globalization to the diversity of portfolios, leather portfolios, the renminbi in 2021. Global development We have already accelerated this year.

The 2022 Summer Olympics will be the first major digital yuan experience at the start of the year, with the digital yuan launching at the Winter Olympics and new events arriving in the new year.