TechFlow news, November 3 — According to Caixin, Zhou Chengjun, head of the Jiangsu Branch of the People's Bank of China, introduced Jiangsu Province's recently launched "Trusted Data Space" innovation model at the 2025 Financial Street Forum Annual Conference. This platform is a new type of data collaboration infrastructure based on institutional design and integrated with cutting-edge technologies such as blockchain, privacy computing, and federated learning, establishing a clear, secure, and reliable ecosystem for data element circulation. By transforming transaction records, utilities (water, electricity, gas), and other operational data from small and micro enterprises and individual businesses into credit verification, it effectively addresses their financing difficulties.
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