Feng Qiya, deputy to the National People’s Congress, set up an access mechanism and establish a digital collection supervision system

According to the report, Feng Qiya, deputy to the National People’s Congress and chairman of Shanghai Xinxiang Investment Holding Co., Ltd., said in an exclusive interview with the reporter of Shanghai Securities News that “digital collections have broad development space, and also drive the rapid development of smart contracts, blockchain, virtual reality and other technologies.”

Interpretation of this information:

Feng Qiya, deputy to the National People’s Congress and chairman of Shanghai Xinxiang Investment Holding Co., Ltd., has stated that digital collections have a lot of growth potential and can help in the rapid development of other technologies, such as smart contracts, blockchain, and virtual reality. This statement was made in an exclusive interview with a reporter from Shanghai Securities News.

Digital collections refer to a collection of items that exist entirely in digital form, such as digital art, music, and ebooks. These digital collections are becoming increasingly popular as people strive to simplify their lives, and the need for physical storage space is reduced. Therefore, Feng’s statement suggests that the market for digital collections is expected to grow, driven by the need for simplified storage systems.

Furthermore, Feng believes that the development of digital collections will drive the development of technologies such as smart contracts, blockchain, and virtual reality. Smart contracts, which are self-executing contracts, can be used to validate and enforce agreements related to digital collections. Blockchain technology is also increasingly being used to provide a more secure and transparent way to store and transfer digital assets. Virtual reality, on the other hand, can create unique and immersive experiences for digital collections, such as 3D exhibits of art collections that can be viewed remotely.

In conclusion, Feng Qiya’s statement highlights the potential growth of digital collections and the possible impact on other technologies such as smart contracts, blockchain, and virtual reality. As people continue to look for ways to simplify their lives, the demand for digital collections is expected to grow. Moreover, the implementation of technologies such as blockchain can provide a more secure and transparent way to store and transfer digital assets, whereas virtual reality can create an immersive experience for digital collections.