Deloitte China co-founds first trusted data ecosystem for Greater Bay Area

The ‘Smart Open Data Advancement Consortium’ (SODAC) was officially launched on 1 November 2018 at Hong Kong FinTech Week.  SODAC tasks itself to bring about unprecedented data-driven innovation with a secure and user-friendly platform for stakeholders to effectively leverage open data in Hong Kong and the Greater Bay Area. The Consortium’s founding members are: ASTRI, City University of Hong Kong, FORMS SYNTRON, JETCO, Nova Credit and Deloitte.

"The development of Greater Bay Area (GBA) relies on efficient flow of goods, capital, and people, which in turn depends on an efficient data exchange platform. The Deloitte Asia Pacific Blockchain Lab is very proud to be a founding member of the Smart Open Data Advancement Consortium and help build a cross-border blockchain platform for real-time exchange of sensitive customer and credit information across 11 cities in the GBA," said Dr Paul Sin, Deloitte partner and Asia Pacific Blockchain Lab Leader.

To learn more about how blockchain, artificial intelligence, open and digital banking may prepare your business for tomorrow's marketplace, please contact our Lab at apblockchain@deloitte.com.