Second Global Digital Ecology Conference Opens in Hangzhou, Focusing on Sustainable Digital Trade and Innovation

Hangzhou, China – The second Global Digital Ecology Conference was inaugurated today at the Hangzhou International Expo Center, embracing the theme “Open, Innovative, and Sustainable.” This prestigious event centers on digital identity, security, and technology, spotlighting the digital trade industry ecosystem and driving towards a healthy, prosperous, and sustainable development of China’s digital ecology.

Wang Jinzhen, Vice Chairman of the China Council for the Promotion of International Trade, highlighted the significance of digital trade in the global market. Digital trade, an integral part of service and goods trade, spans various sectors like information technology services, digital content services, and cross-border e-commerce, involving knowledge-intensive fields such as ICT, finance, intellectual property, and other commercial services. With the rapid advancement of digital technology, digital trade has gained increasing attention globally, with experts projecting that by 2030, digital service trade might constitute up to 75% of global trade, becoming a dominant force in global commerce.

He Baohong, Director of the Cloud Computing and Big Data Research Institute at the China Academy of Information and Communications Technology, delivered a keynote speech titled “New Technology, New Breakthroughs – Building Trust in Digital Identity Systems.” He emphasized the growing need for trust technology as the internet evolves from information to value exchange. The China Academy of Information and Communications Technology has spearheaded initiatives like The IEEE Global Initiative on Trust Technologies, focusing on creating trustworthy digital identities that are user-friendly, privacy-respecting, secure, and support interoperability.

Rajnish Sharma, Vice President of Infosys, discussed the current global AI wave, advocating for an AI-first approach in services, solutions, and platforms using generative AI technology. He stressed the importance of harnessing technology for good, to unlock human, corporate, and community potential, leading to unprecedented innovation, efficiency, and interconnected ecosystems.

Shen Enguang, Co-CEO of Lianlian International, addressed the challenges of cross-border payments for Chinese brands going global in his speech, “Digital Payment Empowerment for Chinese Brands Embracing the Global Wave.” China Customs data shows a 9.8% year-over-year increase in cross-border e-commerce in 2022, reaching 2.11 trillion. Despite opportunities, the industry faces challenges like multiple stakeholders and lengthy chains in cross-border payment systems. In response, Lianlian International developed a comprehensive digital payment platform offering efficient, secure, and stable digital payment services.

Hu Chengfu, CTO of TaoTian Group 1688, discussed AI’s transformative role in supply chains, emphasizing 1688’s commitment to creating a digital product lifecycle. Additionally, executives from SAP Greater China, NetEase, and Silicon-based Intelligence delivered speeches on topics like corporate green development, organizational transformation under AI, and digital personnel, further enriching the conference’s discourse.

The Global Digital Ecology Conference stands as a vital platform for fostering dialogue and collaboration in the digital trade sector, underscoring China’s commitment to driving innovation and sustainable growth in the digital economy.