National Convention Center and Shougang Park hosted the grand opening of The China International Fair for Trade in Services (CIFTIS) from August 31st to September 5th, 2022. Together with YAWA·IOT and CM Financial Technology, CEC Huada Electronic Design Co., Ltd. ("HED") assisted ICBC in promoting the comprehensive integration of digital RMB hardware wallets and IoT smart gas meter applications, developing practical and effective payment methods and scenarios based on digital RMB hardware wallets, establishing the use of digital RMB hardware wallets in the gas sector, challenging the conventional gas payment models, and ushering in a new digital payment age.

Comprehensively integrated IoT smart gas meters with Digital RMB hardware wallets

With the development of the digital economy and IoT technology, gas meters, the primary application terminal of the residence gas system, are rising to the digital, intelligent, and IoT smart models The digital RMB hardware wallet application offers a significant shift in the conventional gas payment model by bringing excellent security to IoT gas meters via the integrated HED security chip. The digital RMB wallet will eventually be expanded around the upstream and downstream of the smart gas meter business in the future, incorporating in the home security gateway in order to create a widely used scenario for the digital RMB hardware wallets and improve their ability to serve businesses, families, and individuals.

The issues of complex procedures and solitary channels that exist in conventional gas purchase scenarios are resolved by combining digital RMB hardware wallets and IoT smart gas meters. Future smart gas meters will allow users to control their digital RMB hardware wallets through platforms like the "Digital RMB APP" and rely on smart contracts and pay-as-you-go features to implement automatic gas meter purchases and user-sensitive payment procedures; equipped with security chips that comply with national secret regulations, the IoT smart gas meters will provide users with a secure and dependable digital RMB payment environment.

Security chip products from HED use domestic CPU cores to meet usable and controllable standards; our product has passed the international high-security and other SOGIS CC EAL 6+ certifications and received the qualifying certifications of Level II National Secret, EAL4+, and certifications from other authority institutions, offering security protection for sensitive information; configured with large capacity storage and maintaining HED strict sample test and verification principles, which guarantee the security and functionality of transactions made with a digital RMB hardware wallets.

As a visionary of the digital payment security chips in China, HED aids ICBC in the development of a digital RMB security payment system for gas meter hardware wallets in China. HED also actively encourages the thorough fusion of digital finance and the real economy and fully enables the creation of a digital China and the healthy growth of the digital economy.