I'm in the county town, and you say I'm a big shot?

Chapter 635 Midnight WeChat Video Call
It's late Sunday night, and Fang Qingye is resting with Bai Ou in Shanghai.

Fang Qingye usually takes a car back to Nanxin for work on Sunday afternoons, but after the Spring Festival, he decided to go back on Monday to spend more time with his wife.

Fang Qingye was sound asleep when she was suddenly woken up by the ringing of a WeChat video call.

Fang Qingye never turns off or silences her phone at night, not for work, but for her family. Her grandparents are over seventy, and her parents are in their fifties, almost sixty. They're all getting old, and if they suddenly have an emergency and call, it would be a disaster if she didn't answer with her phone silent or off!

However, older generations prefer phone calls and rarely use WeChat voice or video calls.

Who is it?

Fang Qingye turned on the bedside lamp, reached for her phone, and discovered it was a beautiful girl!

Dongguan girl Huang Tao?
What's going on if someone suddenly requests a video chat in the middle of the night?

The sound of the WeChat video call also woke up Bai Ou next to her. She groggily opened her eyes and asked, "Ye Zi, who is it? WeChat in the middle of the night."

"Yellow peaches."

"Huh? Her?!" Bai Ou suddenly woke up.

Why would I call you on WeChat in the middle of the night?

"I don't know, maybe something urgent happened. It's daytime in Chicago right now," Fa Qingye said truthfully.

"Then what are you standing there for? Answer it!"

Fang Qingye pressed the confirm button, and soon a video appeared showing the face of a girl with messy hair and a somewhat pale face.

"Peach, what's wrong with you?" Fang Qingye was startled.

I met Huang Tao in Tiananmen Square in Beijing two years ago. She was a stunningly beautiful and aloof girl from Beijing!
"I'm fine," Huang Tao said nonchalantly. Seeing Fang Qingye curled up in bed, she suddenly remembered something. "Oh dear, I forgot it's the middle of the night. Did you disturb Sister Bai'ou's rest?"

"No, Peach, you two chat," Bai Ou said, then turned over and turned her back to Fang Qingye.

"Peach, is something urgent?" Fang Qingye asked.

“Yes, have you heard of the R3 CEV and the Corda platform?” Huang Tao asked.

"heard about it."

Fang Qingye had indeed heard of it, but that was before his rebirth. There was indeed an R3 CEV that had a great influence in the financial industry, with more than 100 top global financial institutions, including Goldman Sachs, JPMorgan Chase, HSBC, Barclays, and UBS, joining its alliance.

This is a groundbreaking achievement, marking the beginning of traditional financial giants systematically embracing this new technology.

This alliance, led by US financial giants, later posed a serious challenge to the digital development of my country's financial industry:

Risks include data sovereignty and cross-border transmission, cybersecurity compliance challenges, insufficient support from regulatory technology (RegTech), and weakened voice in standards setting.

In my country, only China Minsheng Bank later announced its participation in R3 CEV as a partner, and Industrial and Commercial Bank of China tentatively participated in R3's proof-of-concept project for a mortgage loan solution based on the Corda platform. The other major banks did not participate in this project.

Of course, Fang Qingye, who was just an ordinary investment manager before his rebirth, only took it as news and marveled at the hegemony of American digital finance. But this kind of game of rules was not something he could play at his level.

But now.
I also own a company that works with blockchain technology!

Huang Tao was delighted to hear Fang Qingye's answer.

"That's great! That's why I'm telling you this today!" Huang Tao rattled off a whole bunch of things, finally saying, "If the other side really forms an alliance and sets the next generation of rules for the global financial network, it will be very detrimental to our country's banking industry."

"You called in such a hurry, is it because you want us to research this technology too?" Fang Qingye asked with a smile.

"Yes, we can't fall behind. Your Zhiyun Technology has been researching blockchain, right? You've even developed the SCP payment system. You could give it a try."

"Understood. Send all the information about the R3 CEV to my email address, and I'll take a look."

"OK! Okay, I'm going to eat now, I'm so hungry." Huang Tao seemed to only then realize this, and rubbed her stomach rather inelegantly.

"Don't overwork yourself in one day, remember to rest," Fang Qingye advised.

"Okay, husband, burn, Pikachu!" The other person hung up the video call after saying that. Fang Qingye put her phone on the bedside table, preparing to turn off the light and go to sleep, when suddenly Bai Ou turned around and asked, "Yezi, what are R3 CEV and Corda?"

"You didn't sleep?"

"How can I sleep when you guys are chatting so enthusiastically?" Bai Ou muttered.

“R3 is a blockchain software company focused on enterprises. It initiated and manages R3 CEV, which is the R3 consortium. This is a consortium of leading global financial institutions, and possibly regulatory agencies and technology companies in the future, aimed at jointly designing and developing distributed ledger technology for the financial and commercial markets,” Fang Qingye explained patiently.

"The distributed ledger technology platform, R3 named it Corda."

"I don't understand. What is a distributed ledger technology platform?"

"Let me give you an example. Suppose bank A wants to transfer 1 million to bank B. The traditional method requires: each bank to update its own database, reconcile accounts through the central bank's clearing system, and it would take 1-3 days to complete."

"If Corda is used, it becomes: Bank A and Bank B create an encrypted group chat, which can only be seen by the two of them plus the regulator."

A posts a digital IOU in a group chat: "I owe B 1 million." (Legal clauses automatically generated)

Both parties confirm the transaction with digital signatures, and the transaction is completed in seconds. This record is synchronized to both parties' databases and cannot be tampered with.

"This method eliminates the need for intermediary reconciliation agencies, yet regulators can view it at any time, transaction records automatically carry legal effect, and competitors cannot see your transactions, unlike Bitcoin which is publicly available across the entire network. It is very suitable for interbank transfers and large contracts between companies."

"Oh, I understand now." Bai Ou suddenly realized.

"I won't be going back to Nanxin tomorrow. I'm going to Zhiyun Technology to talk to Xin Tiejun and others about this matter," Fang Qingye said.

"Are you planning to have Zhiyun Technology develop a similar platform?" Bai Ou asked.

“Yes, if it’s technically feasible, it’s all based on blockchain technology. I think Xin Tiejun and his team can do it.” Fang Qingye was quite confident.

"Ye Zi, aren't the leaders from the central bank coming to the Pudong branch for research? You'd better report to them and try to get their support!" Bai Ou reminded her.

“You’re right, this is probably not just a personal matter for me, it’s a national matter,” Fang Qingye replied with a smile, then tugged at the corner of his wife’s blanket.

"Go to sleep."

"Hmm, Yezi, I've noticed that you and Taozi get along quite well."

“That’s true in the area of ​​digital finance,” Fang Qingye added, then laughed, “I just can’t appreciate the anime and manga she likes.”

"I think it's quite fun, and I'd like to find an opportunity to meet her."

"Ok?"

"Okay, go to sleep. I'm tired too. I have to go to work tomorrow," Bai Ou mumbled, leaning closer to Fang Qingye and closing her eyes comfortably.

Fang Qingye was not sleepy and kept thinking about this matter.

The R3 CEV is very powerful 10 years later, and it seems that Corda has matured and been upgraded to version 3.0.

But we're just getting started, so we still have a chance, right?
The next morning, after having breakfast, Fang Qingye went to the Shencheng Financial Building with Bai Ou.

Bai Ou went to Tuofang Technology, while Fang Qingye went directly to the nearby Zhiyun Technology Company.

"President Fang, what brings you here?" Xin Tiejun looked at Fang Qingye with some surprise: "Are you here to inquire about the promotion of the SCP payment system? I'm here to get some data to report to you."

"No need." Fang Qingye stopped him. "Call Lin Tao and Lu Hui over. We need to have a meeting to discuss something."

"Okay, I'll send someone to call them. Let's go to the conference room first."

The two arrived at the conference room and, after a brief greeting to Lin Tao and Lu Hui, Fang Qingye got straight to the point.

"Have you heard of the R3 CEV and Corda?"

(End of this chapter)