Zhu Min, former Vice Governor of the People's Bank of China, has emphasized the emergence of data as a new asset class, characterized by its replicable, tradable, and value-enhancing properties. Speaking on the collaborative role of algorithms, computing power, and data, Zhu highlighted the necessity for a comprehensive framework encompassing data rights confirmation, valuation, trading, and governance to achieve data assetization. He underscored the pivotal role of blockchain technology in ensuring data rights and facilitating trustworthy data circulation, which could significantly advance the data element market and reshape the digital economy.