Construction of the data economy system forum: contributions of experts and scholars to the development of a data economy

• Author: Construction of the data economy system forum: contributions of experts and scholars to the development of a data economy
• Pages: 438-441

FRONTIERS OF LAW IN CHINA

VOL. 14 SEPTEMBER 2019 NO. 3

DOI 10.3868/s050-008-019-0020-7

ACADEMIC NEWS

“CONSTRUCTION OF THE DATA ECONOMY SYSTEM” FORUM: CONTRIBUTIONS

OF EXPERTS AND SCHOLARS TO THE DEVELOPMENT OF A DATA ECONOMY

The China International Big Data Industry Expo 2019 (hereinafter referred to as “Big

Data Expo”) was held in Guiyang from May 26 to 29, 2019. During the Big Data Expo,

the “Right Affirmation, Openness, Sharing, Empowerment of Data: Construction of the

Data Economy System” Forum was successfully held in Guiyang on May 28, 2019. The

Forum was sponsored by the Big Data Expo Organizing Committee, undertaken by

Renmin University of China, Guiyang College, and the Digital Technology Industry

Working Committee at China Quality Management Association for Electronics Industry

(CQAE). It was co-organized by the Law and Technology Institute at Renmin University

of China, School of Economics and Management of Guiyang College, Big Data

Blockchain and Regulatory Technology Laboratory at Renmin University of China, and

other units. More than 300 senior scholars, economists, technical experts, industry

representatives, and business leaders from the government, enterprises, and academia

gathered together and conducted in-depth discussions on the above topic, contributing

toward the development of a data economy.

WANG Yi, the Dean of Renmin Law School and the Dean of the Law and Technology

Institute at Renmin University of China, highlighted in his speech that “data” is the key

word in a new round of scientific and industrial revolution, which requires in-depth

communication and joint research by countries all over the world.

In representative of the Forum, Professor YANG Dong released his significant

research findings in a publication. Based on his engagement with case studies and in

developing models such as Guiyang’s big data transactions and technological applications

of blockchain, YANG made a theoretical breakthrough and proposed the concept of token

economics. Instead of entangling the notion of data with the concept of ownership, token

economics focuses on the sharing and empowerment of data to achieve a greater

distribution of benefits. The theory of “token” originated from China’s local practice and

promotes the initial intention of “Better Data, Better Life,” thus making data the most

indispensable factor of production in the new era.

During the session of speeches by guest speakers, NI Guangnan, Member of the

Chinese Academy of Engineering gave a speech on “The Independent, the Controllable

and Cybersecurity.” He pointed out that the general situation of cyberspace affairs of

China should be clarified, the independent and controllable alternative plan of China