On November 5, a strategic cooperation agreement with respect of cooperation in setup of Ji'an Financial Inclusion and Technology Base was executed by China Block Chain Application Research Center ("the Center"), municipal government of Ji'an and National Economic and Technical Development Zone of Jinggang Mountain.

Under the agreement, the Center will fully participate in construction planning and operation of the base, and use block chain technology to serve inclusive finance, and municipal government of Ji'an will provide market, funds and promises as well as policy support and public services for the Center.

On the site of execution ceremony, Su Ning, then vice-president of PBC, gave a theme speech titled Revolutionary Finance and Inclusive Finance. He expected that financial technology and block chain would promote financial security and inclusive finance, especially make achievements in the old revolutionary base area of Jinggang Mountain.

As a non-profit organization started in leadership of Chinese Internet Finance Museum, the Center will put its strategic emphasis on financial security, financial technology, and inclusive finance.

As expressed by Xu Mingxing, the first general director of the Center, block chain has been applied in payment and liquidation, asset securitization, note trading and other financial fields. There is a broad potential for application of block chain in cross-border payment, security registration and settlement, counterfeit prevention, notarization and certification, IoT, medical information sharing, and asset trading, and these applications are in close alignment with financial transformation, e-commerce promotion and massive health and development of people-benefiting industries. The Center will provide strong technical support for accurate poverty alleviation, financial inclusion and innovative development of financial technology implemented by the government. In the cooperation, "distributed accounting" block chain will be applied as a technical base to support construction of Financial Inclusion and Technology Base.