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Digital Collections Drive the Growth of Emerging Technologies

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According to the report, Feng Qiya, deputy to the National People\’s Congress and chairman of Shanghai Xinxiang Investment Holding Co., Ltd., said in an exclusi…

Digital Collections Drive the Growth of Emerging Technologies

According to the report, Feng Qiya, deputy to the National People’s Congress and chairman of Shanghai Xinxiang Investment Holding Co., Ltd., said in an exclusive interview with the reporter of Shanghai Securities News that “digital collections have broad development space, and also drive the rapid development of smart contracts, blockchain, virtual reality and other technologies.”

Feng Qiya, deputy to the National People’s Congress, set up an access mechanism and establish a digital collection supervision system

Analysis based on this information:


In recent years, the use of digital collections has become a popular and growing trend. This has led to an increase in the development of smart contracts, blockchain, virtual reality, and other related technologies. Feng Qiya, chairman of Shanghai Xinxiang Investment Holding Co., Ltd., spoke about the significance of digital collections in an exclusive interview with a reporter from Shanghai Securities News.

Feng Qiya explained that digital collections are experiencing an upward trend and have immense potential for further growth. This is mainly due to the advancements that have been made in technology, which have made it possible to digitize and store a variety of different items. The digitization of items such as artwork, music, and even collectible items like trading cards, has paved the way for new industries that rely heavily on the use of digital collections.

One of the key areas where digital collections have had a significant impact is within the blockchain industry. Blockchain technology is widely used to secure, store and transfer digital assets. This has opened up new possibilities for the use of digital collections, as blockchain enables the creation of unique digital assets that can be verified and traded via smart contracts. This has led to the development of new business models, where digital assets can be used to secure loans or as collateral.

Digital collections have also had a substantial impact on the virtual reality industry. With the digitization of artwork, for example, it is now possible to display these collections in virtual spaces, enabling people to view and experience them in new and innovative ways. This has led to the creation of virtual museums, where people can explore a variety of different exhibits from the comfort of their own homes.

Overall, the rise of digital collections has had a tremendous impact on the development of emerging technologies like blockchain and virtual reality. This trend is set to continue, as more and more industries recognize the potential that digital collections have to offer. In conclusion, the development of digital collections is helping to shape the future of technology and is opening up new possibilities for businesses around the world.

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