Transforming Public Data: The 'Xuanwu Model' in Nanjing

In a remarkable development, Nanjing's Xuanwu District has successfully transformed public data into valuable assets, marking a significant milestone in the city's technological and economic advancement. This innovative approach, known as the 'Xuanwu Model,' has already seen three patent verification data products developed from the district's public data resources, which were successfully listed on the Jiangsu Data Exchange on April 3rd. This move signifies a new era for administrative and public institutions in China, as they embark on a journey to turn data into assets and assets into economic value.

The journey to this achievement began with the introduction of a comprehensive data asset management pilot program by the provincial and municipal finance departments. Guided by this initiative, the Finance Bureau of Xuanwu District took the lead in implementing the pilot, collaborating with the first batch of pilot units, including the Xuanwu District Market Supervision Administration. The program focused on a 'small but significant' approach, streamlining the entire process of data asset management, from compiling and registering data asset ledgers to authorizing operations, revenue distribution, and transaction circulation.

The process involved several standardized steps, including data desensitization, cleaning, ownership confirmation, and value assessment. As a result, three data products, including 'Xuanwu District Green Low-carbon Patent Verification,' were successfully listed. This not only represents a breakthrough in the市场化 circulation of public data for administrative and public institutions but also creates a complete cycle from 'data resources to data assets to economic returns.'

These patent verification data products, which focus on the patent information of related industries and enterprises in Xuanwu District, are characterized by their authenticity, authority, and structured nature. They can be utilized in various scenarios, such as:

- **Enterprise Due Diligence and Investment Assessment**: Rapid verification of the authenticity of a target company's patent assets and technical reserves, providing solid data support for investment and financing decisions.
- **Financial Services and Risk Management**: Serving as an objective evaluation basis for patent assets in scenarios such as intellectual property rights pledge financing and technology project applications, assisting financial institutions in value assessment.

The 'Xuanwu Model' is a testament to the innovative spirit of Nanjing, a city known for its rich history and vibrant culture. Nanjing, often referred to as the 'Southern Capital of Ten Dynasties,' is a city where tradition and modernity coexist. From the ancient city walls that stand as a testament to the city's historical significance to the bustling modern cityscape, Nanjing offers a unique blend of the old and the new.

In terms of culture, Nanjing is famous for its delicious cuisine, which includes iconic dishes like 'Nanjing Salted Duck' and 'Xiaolongbao.' These culinary delights are a reflection of the city's culinary heritage and its status as a foodie's paradise. Additionally, Nanjing is a popular destination for travelers, offering a variety of historical sites, museums, and parks that provide a glimpse into the city's rich past.

The success of the 'Xuanwu Model' is a testament to the potential of public data in driving economic growth and innovation. As more cities and districts in China adopt similar approaches, the future looks promising for the transformation of public data into valuable assets, paving the way for a new era of economic development.