Recently, the Special Forum on Industrial Data Elements and Large-scale Application of Industrial Internet of the 2024 Global Digital Economy Conference was successfully held in Beijing. This forum was themed "Data Aggregation in Beijing, Leading the Future with Intelligence - Empowering Industrial Innovation and Development with Industrial Data Elements". The participating leaders, experts, and scholars expressed their insightful views on issues such as the monetization of data assets, the empowerment of thousands of industries in manufacturing by industrial data elements, and the innovative practical exploration of enterprises empowered by industrial data asset registration, jointly discussing the realization paths and methods of the monetization of industrial data assets.

In the "Release of a Series of Achievements of the Industrial Data Element Innovation and Development Center" session of the forum, Zhan Wei, the director and partner of the Digital Economy Legal Business Department of T&C Law Firm jointly released the industrial data asset monetization service product with the China Industrial Internet Research Institute and Zhejiang Zhong Qi Hua Asset Appraisal Co., Ltd.

Industrial data, including the data generated and used by industrial enterprises in stages such as R&D design, production and manufacturing, operation management, operation and maintenance services, as well as the data generated and used by industrial internet platform enterprises in processes such as equipment access, platform operation, and industrial software application. The valorization of industrial data assets is of particularly significant importance for the development of China's digital economy. In May 2024, the executive meeting of the State Council reviewed and approved the "Action Plan for the Digital Transformation of the Manufacturing Industry", explicitly proposing the policy measure of "activating the potential of data elements", aiming to accelerate the exploration of the data property rights registration system, promote the registration of industrial data assets, and strengthen data asset management. The valorization service products of industrial data assets can provide effective paths and important grips for industrial enterprises to realize economic benefits from data returns through systematic services. The valorization of industrial data, on the one hand, brings internal circulation services of data enabling business scenarios for industrial enterprises, and on the other hand, releases the exchange value of industrial data to realize external circulation services. The basic paths of its data asset valorization include important steps such as data governance, data legal compliance, data element registration, data inventory verification and subsequent value management.

As a pioneer in legal services for the marketization of data elements, T&C Law Firm has already carried out research and practice on the implementation of data elements in vertical fields such as industrial data, and provided legal services such as data compliance and data confirmation of rights for the national digital supply chain platform of equipment manufacturing industry. The release of this valorization service product of industrial data assets not only marks T&C Law Firm’s experience in the field of the marketization of data elements, but also a phased achievement of its cooperative exploration and practice with the China Industrial Internet Research Institute in the field of industrial data for more than a year.

In the future, T&C Law Firm will join hands with ecological partners to further promote the in-depth implementation of the valorization service products of industrial data assets and contribute to the full release of industrial data value through systematic compliance services.