The Jiangsu branch of the People's Bank of China has unveiled a blockchain-based 'trusted data space' to support small and medium-sized enterprises (SMEs) in overcoming financing hurdles. Announced by Zhou Chengjun at the 2025 Financial Street Forum Annual Meeting, this innovative platform leverages blockchain, privacy computing, and federated learning to transform operational data into credit credentials. The initiative aims to provide SMEs and individual businesses with improved access to credit by utilizing data such as financial flows and utility usage.