The first RMB cloud-side smart contract has successfully landed.

On December 9, ABC Shenzhen Branch and Huawei jointly announced the benefits of a new app in loan management, completing the industry's first renminbi-based digital smart contract. At the same time, the two sides jointly signed a digital yuan joint venture agreement with the joint venture agreement and opened a joint venture inspection center.

The application of the digital renminbi smart contract for tenant guidance aims to strengthen tenant regulation and promote the safe and sanitary development of home rental. Traditional investment management in the rental industry is daunting, complex and difficult to follow. The completeness of care depends not only on the conscious memory of the client, but also on the mechanism of operation of the lease.

The smart deal provides rules for the exchange of digital renminbi by tenants, and operates automatic monitoring and payment procedures, making the use of renminbi easier and safer, more diverse, and can be better informed about financial services. .

Smart Contracts understands the need to comply with the Huawei blockchain, adopt cloud-based cloud computing tools, and new sandbox security monitoring applications. Actually. We provide strong support after rigorous monitoring and thawing fundraising. At the same time, this new application uses the renminbi smart contract designed specifically to open the interface between the intelligent smart platform and the central renminbi system, and realize the integration of smart contracts and money chains.

In this year's CIFTIS financial services specialist presentation, mobile payments met the criteria for acceptance and use of "smart contract" customers presented by ABC on the spot. . Together, merchants engage intelligently to make the legal payment. Most users are unable to make payments to merchants using digital RMB equipped with smart contracts, and can only make payments by accepting smart contracts in smart trade contracts.

As a mobile payment network, this project is jointly developed by the Agricultural Bank of China and Huawei, can be widely used. Special terms of payment. Therefore, from the perspective of mobile payment, it is very simple and effective to solve some problems by carrying smart contracts to know the payment arising from eras, events and the role of digital renminbi.

For example, third-party trust issues, loan purpose usage, usage purpose distribution, etc. The arrival of Agricultural Bank of China and Huawei smart contracts in the market is also an application of RMB's digital programmability, and a further continuation of smart contracts between the two parties.