Recently, the Beijing International Big Data Exchange (BDE), under Beijing Data Group affiliated with Beijing State-owned Assets Management Co., Ltd., completed Beijing’s first data transaction settled in digital renminbi. It has pioneered a new model that deeply integrates data trading and corporate digital renminbi payment, offering a replicable and promotable innovative example for the efficient and compliant circulation of data elements in the market.

The subject of this transaction is an animal image dataset dedicated to AI training. With a total capacity of 40G and all finely annotated, the dataset can be directly used for the training and development of AI models such as image recognition and object detection. BDE provided end-to-end trading services for this deal and established an innovative settlement model combining data trading and digital currency. It achieves seamless connection between trading orders and the corporate digital renminbi payment channel, building a linkage mechanism for performance verification and fund settlement. Once data delivery is verified, funds can be transferred in real time, cutting out intermediate links of traditional settlement and boosting transaction efficiency. Meanwhile, the traceability channel linking data transactions and digital currency is enabled. The whole trading process and capital flow are recorded to ensure compliant and controllable data transactions.

This transaction further expands the application scenarios of digital renminbi in the data element market and builds a standardized digital currency settlement channel for data trading. Going forward, BDE will keep exploring innovative models for data circulation and trading, promote compliant, efficient and orderly flow of data elements, and fuel the high-quality development of the digital economy.