Human Resources and Social Security Department's "spoilers"! Social Security Card Expected to Load New Features Social Security | Digital | Features
The "Implementation Plan for Digital Human Resources and Social Security Construction Action" recently issued by the Ministry of Human Resources and Social Security mentions exploring and promoting the loading of digital RMB payment functions on social security cards.
Industry experts have stated that the Implementation Plan for the Digital Human Resources and Social Security Construction Action is of great significance for expanding the application of social security cards and leveraging the inclusive financial function of digital RMB, and is also a key task in supporting the construction of Digital China.
Reduce the cost of using social security cards for cardholders
"The integration of various vouchers into social security cards allows for multiple tasks, reducing duplicate collection and entry, and achieving the integration of multiple cards such as bank cards and medical cards." Dong Ximiao, Chief Researcher of Zhaolian, told reporters that loading digital RMB payment functions into social security cards can enrich the usage scenarios of social security cards and reduce the cost of use for social security card holders.
Li Xin, Chief Business Manager of the Digital Currency Office of Bank of China, believes that as a supply side financial innovation tool, the efficient, convenient, stable, safe, and widely applicable characteristics of the digital renminbi are naturally in line with the new requirements of a comprehensive social security system that covers the entire population, coordinates urban and rural areas, is fair and unified, safe and standardized, sustainable, and multi-level. The deep integration of the digital renminbi and social security is in line with the trend and direction of digital economy development.
The industry experts mentioned above also stated that by leveraging the digital RMB acceptance network and utilizing the loosely coupled digital RMB account and the "one sticker" function to achieve hardware wallet and software wallet binding, smart contracts and other functional advantages, social security cards can better play their financial payment functions, making it more convenient and useful for people to spend money on social security cards, and promoting intelligent government and fund management.
Enjoy a more convenient service experience
It is understood that various regions across the country are gradually carrying out the replacement of third-generation social security cards.
From the perspective of serving people's livelihoods, the third-generation social security card has the characteristic of covering the entire population and serving the national account. As a "future oriented currency form", under the wave of digital China construction, the third-generation social security card, combined with advanced technology of digital RMB, can provide the entire population with a more convenient and complete service experience.
"At present, the third-generation social security card has functions such as identity certificate, information recording, self-service inquiry, medical settlement, payment and benefit collection, financial payment, urban transportation, etc. It is an important carrier for cardholders to enjoy human resources and social security and other public service rights. It has the characteristics of large circulation, multiple application scenarios, and high frequency of use." Li Xin said.
From the perspective of Bank of China, in the early stage, Bank of China designed a third-generation social security card to load a digital RMB hardware wallet, further exploring and improving the application and promotion of urban public service carriers based on personal social security digital identity, making "social security cards" truly useful and providing people with real convenience and benefits.
Li Xin introduced that the third generation social security card designed by Bank of China to load digital RMB hardware wallets will not only remain in the form of physical cards, but also plan to launch new forms suitable for various new scenarios and people, such as bracelets, carry on tags, and so on. This move will expand the usage scenarios to include people's livelihood consumption scenarios, elderly care scenarios, payment field scenarios, transportation and travel scenarios, and benefit collection scenarios, serving a wider range of social groups. This can not only achieve a breakthrough in the expansion of social security card applications, but also accelerate the popularization of digital RMB, creating a win-win multiplier effect.
In addition, from the perspective of enhancing the ability of digital government services, since the Ministry of Finance and seven other departments jointly issued the Implementation Opinions on the Special Governance of the "One Card" Financial Subsidy Fund for the Benefit of the People and Agriculture, multiple documents have clearly proposed the implementation of the "One Card" financial subsidy fund for the benefit of the people and agriculture, using social security cards as carriers to distribute subsidy funds, and understanding "where the money comes from", "where it goes", and "how much it has been distributed". The digital RMB smart contract has the characteristics of targeted payment, which will provide comprehensive assistance for governments at all levels to apply new technologies to effectively distribute and manage "one card" funds.
