Identity authentication and mobile payments and solutions on smart wearables have gained wide attention. Mobile payments have been applied tentatively in transportation, banking and third-party payment. However, the difference in form, OS, type of interface and technical standard impedes scaling up the use of smart wearables in identity authentication and payments. As the provider of the first smart wearable product featuring both secure payment and fitness, Watchdata will share its experience in and views on combining identity authentication and mobile payment with smart wearable devices.

This session will cover a brief introduction to the development and regulation history of barcode payments, related standards issued by regulators, as well as the risks and specific precautions of barcode payments.

The documents "Edited Excerpts From Discussions by Xi Jinping on Scientific and Technological Innovation" published in January, 2016 and "Xi Jinping’s speech at the Cybersecurity and Informatization Work Conference" on April 19, 2016 have become the leading thoughts on developing the network information industry in China.

As secure applications on smartphones like mobile payments enjoy rising popularity, the best methods to safeguard the security of users' and application service providers' money, transaction and information have become a general industry concern. Security can be safeguarded from multiple dimensions. As a smartphone chip provider, Qualcomm provides hardware-based security systems with a focus on user authentication, terminal authentication and basic security information collection to safeguard security from multiple dimensions on the mobile terminal side and to provide cloud service providers with basic security information for efficient service.

Protection of private data security has always been a vital subject throughout history. Related laws, policies and technologies evolved as time progressed. In recent decades, which witnessed revolutionary development in information technology, greater importance has been attached to the protection of cybersecurity and information security. Especially in the financial arena, private data protection has become one of today’s core issues. This session will explain the concept of private data and the influence of previous incidents, focus on regulatory and technological measures for private protection in Europe and Americas, as well as in China, and ultimately make proposals to address the challenges of private protection.