10 September 2018
The 30th of August, 2018 was the day that THEKEY hosted a seminar on the “Security Supervision Mechanism for Social Security Data Socialization Research” in Beijing, China. The seminar also marked the mid-term assessment of the research and in attendance were more than fifty (50) dignitaries from various government ministries, departments and agencies. Some of the attendees of the seminar include;
– The Director of Information Center, Xiaozhou He – Yanli Zhai.
– The Deputy General Director of Social Security Fund Administration Bureau – Xi Jing.
– The Deputy Director of Social Security Center – Weimin Li.
– The Director of Decision Support System Administrative Office – Jiang Jia and the Deputy General Director of Pension Insurance Bureau.
Also in attendance were officials from financial institutions such as China CITIC Bank, Bosera Funds, GF Fund Management amongst others. The “Security Supervision Mechanism for Social Security Data Socialization Research” seminar hosted by THEKEY was structured to provide a thorough assessment of the progress made so far in the research as well for stakeholders including scholars, government officials and leading experts to engage in meaningful discussions with regards to future developmental plans.
During a session at a seminar, the Director of Decision Support System Administrative Office of MHRSS, Xi Jing provided participants of the event with an update of the recent key performance index of the social credit system of China with regards to social security and human resources system.
Dr. Yidong King of THEKEY provided participants at the seminar with an update on the research progress. Dr. Yidong King stated that for the “Data Security Supervision Mechanism” to be fully optimised there must be a coordinated policy, legal and technical-based solutions.
A major solution to the optimisation of the “Data Security Supervision Mechanism” proferred by Dr. King during the seminar was the “Data Capacity Open Platform”. According to Dr. Yidong King, the “Data Capacity Open Platform” will guarantee that the data will be undownloadable and will also be perpetually in the hands of the government.
At the “Security Supervision Mechanism for Social Security Data Socialization Research” seminar, a strategic partner to THEKEY and an internationally renowned telecoms service provider – China Unicom provided a keynote speech. The keynote speech by China Unicom reiterated the importance of the technical-based solutions of the “Security Supervision Mechanism for Social Security Data Socialization Research”.
By providing a highly reliable identity verification (IDV) platform, THEKEY will help hasten social security data commercialization as well as socialization. With the socialization of social security data enterprises and individuals will be able to gain access to as we make use of social security data in a variety of applications and industries other than just the healthcare industry. Individuals and enterprises can utilise social security data in other industries like credit investigation, finance and commercial insurance to mention but a few.
Finally, THEKEY makes use of its Blockchain Dynamic Multi-dimension Identification (BDMI) in processing social security data in order to provide precise and thorough identity verification (IDV) outcomes in real-time. As a matter of fact there are more than 210 million individuals that have their private identity data linked in real-time to THEKEY platform. You can get more information about how THEKEY’s Blockchain Dynamic Multi-dimension Identification (BDMI) will enhance IDV efficiency across a variety of applications by visiting their official website here.
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