Ant Secure Computing Wins "Data Elements " Competition Excellent Organizing Unit Award, Continuously Promoting Data Industry Application Innovation

Ant Secure Computing Wins "Data Elements " Competition Excellent Organizing Unit Award, Continuously Promoting Data Industry Application InnovationRecently, the 2024 "Data Elements " Competition national finals award ceremony was held in Beijing. Zhejiang Ant Secure Computing Technology Co

Ant Secure Computing Wins "Data Elements " Competition Excellent Organizing Unit Award, Continuously Promoting Data Industry Application Innovation

Recently, the 2024 "Data Elements " Competition national finals award ceremony was held in Beijing. Zhejiang Ant Secure Computing Technology Co., Ltd. (hereinafter referred to as "Ant Secure Computing"), a wholly-owned subsidiary of Ant Group, was selected as the "Data Elements x" Competition Excellent Organizing Unit. This honor is a recognition of Ant Secure Computing's exploration in promoting the application of data element circulation technology and the integration of industry, academia, and research.

The competition was jointly organized by the National Data Administration, the Central Cyberspace Administration, the Ministry of Transport, the Ministry of Agriculture and Rural Affairs, the Ministry of Commerce, the Ministry of Culture and Tourism, the National Health Commission, the Ministry of Emergency Management, the Financial Regulatory Bureau, the China Securities Regulatory Commission, the National Healthcare Security Administration, the Chinese Academy of Sciences, the China Meteorological Administration, the State Administration of Cultural Heritage, and the State Administration of Traditional Chinese Medicine. It aims to promote the market-oriented allocation reform of data elements and stimulate the innovative vitality of data resources.

It is worth mentioning that the "Yin Yu Cup" National University Privacy Computing Competition, jointly organized by Ant Secure Computing and the College of Cyber Security of Zhejiang University, was recognized by the National Data Administration and was selected as one of the first batch of third-party events eligible for the 2024 "Data Elements " Competition national finals recommendation.

A relevant official from Ant Secure Computing stated that in the future, the company will continue to promote the application innovation of the data industry, strengthen school-enterprise cooperation, and promote the innovative application of data elements in various fields. Currently, Ant Secure Computing is exploring the application of confidential computing to facilitate large-scale reliable circulation of data elements, addressing issues of trust and security during data element circulation, realizing efficient data value mining and rapid verification, and ensuring the manageability, traceability, and auditability of the entire data chain.

In May this year, the "Farmers Instant Loan" project initiated by the Big Data Development Center of the Ministry of Agriculture and Rural Affairs and MYbank, was based on confidential computing technology to construct a confidential spatiotemporal computing platform. It has currently helped over 6 million farmers obtain loan quotas. This project was also selected as one of the first batch of "Data Elements x" typical financial cases by the National Data Administration.

The successful application of this project fully demonstrates the important role of confidential computing technology in data element circulation, providing strong support for the market-oriented allocation reform of data elements. In the future, Ant Secure Computing will continue to delve into confidential computing technology, actively promote the innovative development of data element circulation applications, and contribute to the prosperous development of the digital economy.

About the "Data Elements " Competition

The "Data Elements " Competition is spearheaded by the National Data Administration, aiming to propel the market-oriented allocation reform of data elements and invigorate the innovative vitality of data resources. Covering the entire data element industry chain, the competition focuses on areas such as data security, data circulation, and data application, encouraging exploration of innovative technologies and application scenarios to foster healthy development of the data element market.

About Ant Secure Computing

Zhejiang Ant Secure Computing Technology Co., Ltd., a wholly-owned subsidiary of Ant Group, is dedicated to constructing a secure and reliable infrastructure for data element circulation. Ant Secure Computing has accumulated extensive technical experience in confidential computing, privacy computing, and data security, actively engaging in industry collaborations to promote the application and implementation of data element circulation technologies.

About Confidential Computing

Confidential computing, also known as homomorphic encryption, is a technology that enables computations on encrypted data. It allows for encrypted storage and processing of sensitive data while performing data analysis and computations without decryption, ensuring data security and privacy. Confidential computing technology holds vast application prospects in fields such as finance, healthcare, and education.

About the "Yin Yu Cup" National University Privacy Computing Competition

The "Yin Yu Cup" National University Privacy Computing Competition is jointly organized by Ant Secure Computing and the College of Cyber Security of Zhejiang University. Its objective is to provide a platform for university students to showcase their achievements in privacy computing technology, fostering talent cultivation and technological advancement in the privacy computing field.

About the "Farmers Instant Loan" Project

The "Farmers Instant Loan" project is initiated by the Big Data Development Center of the Ministry of Agriculture and Rural Affairs and MYbank, aiming to leverage data technology to provide farmers with convenient and efficient loan services. The project builds a confidential spatiotemporal computing platform based on confidential computing technology, achieving secure protection and value mining of farmer data, offering accurate credit services to farmers.

Conclusion

As an excellent organizing unit of the "Data Elements " Competition, Ant Secure Computing will continue to drive innovation in the data industry and contribute to the development of the digital economy. Looking ahead, Ant Secure Computing will continue to delve into confidential computing technology, actively promoting the innovative development of data element circulation applications, providing strong support for the market-oriented allocation reform of data elements and contributing to the prosperous development of the digital economy.

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