Strengthening Digital Construction and Smart Regulatory Capabilities: Exploring the Application of New Technologies

According to reports, on April 13th, Luo Wen, Director of the State Administration for Market Regulation, stated that it is necessary to strengthen digital construction and enhance smart regulatory capabilities and levels. Actively explore the application of new technologies such as big data, blockchain, and artificial intelligence in the supervision and law enforcement of internet platforms, accelerate the construction of a national network transaction supervision platform, strengthen network wide monitoring, early warning, and risk prevention and control, focus on enhancing penetration supervision capabilities, achieve unified command, unified coordination, rapid response, and timely disposal, and improve the accuracy, timeliness, and effectiveness of supervision. Optimize service measures to better unleash the momentum of digital economy development.

State Administration of Market Regulation: Actively exploring the application of new technologies such as big data and blockchain in internet platform supervision and law enforcement

On April 13th, the Director of the State Administration for Market Regulation, Luo Wen, emphasized the importance of strengthening digital construction and enhancing smart regulatory capabilities and levels. This includes actively exploring the application of new technologies such as big data, blockchain, and artificial intelligence in the supervision and law enforcement of internet platforms.

National Network Transaction Supervision Platform

To achieve these goals, the construction of a national network transaction supervision platform must be accelerated. This will strengthen network-wide monitoring, early warning, and risk prevention and control. The focus is on enhancing penetration supervision capabilities. This will allow for unified command, unified coordination, rapid response, and timely disposal, improving accuracy, timeliness, and effectiveness of supervision.

Big Data

Big data can be used to monitor online transactions, identifying patterns and trends. This will aid in identifying potential risks and issues that may arise. This will also help regulators to quickly respond to any legal or safety issues that may occur on digital platforms.

Blockchain

Blockchain technology provides secure and transparent data storage. This will help regulators to track and identify fraudulent activity. It can also ensure the safety of personal and financial data, while providing complete transparency on transactions.

Artificial Intelligence

Artificial intelligence can be used to automate certain regulatory processes. This will allow regulators to quickly identify and respond to issues. It can also help to improve the accuracy of decisions, reducing the potential for errors or inconsistencies.

Optimizing Service Measures

To better unleash the momentum of digital economy development, service measures must be optimized. This can be done by streamlining processes, increasing efficiency, and providing better customer service. This will help digital platforms to grow and thrive, while ensuring the safety and security of users.

Streamlining Processes

Streamlining processes can help to reduce duplication of efforts and improve efficiency. This can be done by automating regulatory processes, reducing manual intervention, and increasing the speed of decision-making.

Increasing Efficiency

Efficiency can be improved by reducing the amount of time it takes to complete regulatory processes. This can be done by using technology to automate tasks and provide real-time feedback. This will ensure that problems are identified and addressed in a timely manner.

Better Customer Service

By providing better customer service, regulators can help to build trust with digital platform users. This can be done by providing clear and concise information on regulatory requirements, responding to user inquiries and concerns, and providing timely updates on regulatory changes.

Conclusion

Digital construction and smart regulatory capabilities are essential for the safe and effective functioning of internet platforms. Regulators must actively explore the application of new technologies such as big data, blockchain, and artificial intelligence to achieve these goals. This includes the construction of a national network transaction supervision platform, strengthening network-wide monitoring, and optimizing service measures. By doing so, we can ensure the growth and development of the digital economy while maintaining the safety and security of users.

FAQs

Q: What is the national network transaction supervision platform?
A: The national network transaction supervision platform is a system that allows for the monitoring of online transactions across the country. This is achieved through network-wide monitoring, early warning, and risk prevention and control.
Q: How can big data be used in digital regulatory processes?
A: Big data can be used to monitor online transactions, identifying patterns and trends. This will aid in identifying potential risks and issues that may arise. This will also help regulators to quickly respond to any legal or safety issues that may occur on digital platforms.
Q: How can artificial intelligence be used to automate regulatory processes?
A: Artificial intelligence can be used to automate certain regulatory processes. This will allow regulators to quickly identify and respond to issues. It can also help to improve the accuracy of decisions, reducing the potential for errors or inconsistencies.