Core Insights - The article emphasizes the transformation of "trust" in transaction structures through technology, particularly blockchain, which is evolving into a new generation of value circulation networks [1][4] - The CIPS+ project, led by multiple domestic institutions, aims to establish a credible infrastructure network focusing on cross-border payments, value clearing, smart contracts, and on-chain compliance by 2025 [1][3] Group 1: CIPS+ Project Overview - CIPS+ enhances the existing CIPS system by integrating blockchain ledgers, smart contracts, and multi-chain communication, thereby creating a next-generation system that injects algorithmic trust [3] - The upgrade represents a fundamental shift from a centralized ledger system to a model driven by "rules + consensus," improving transparency, efficiency, and risk perception while ensuring compliance [3][4] Group 2: Strategic Goals - The CIPS+ project aims to expand its applications in cross-border clearing, supply chains, and cross-border e-commerce, providing integrated and multi-layered trusted access for institutions, enterprises, and ecosystem developers [3] - The initiative reflects a non-disruptive innovation approach, integrating with existing systems to enhance their intelligence, efficiency, and trustworthiness, while addressing security, global competition, and technological sovereignty [3][4] Group 3: Future Vision - CIPS+ is positioned as a proactive attempt to shape future trust mechanisms, aiming to provide a globally applicable digital financial paradigm with an Eastern perspective [4][5] - The project seeks to build a self-controlled, trustworthy ledger system, support the global digital payment system's institutional embedding, and facilitate the intelligent flow of global value networks to serve the real economy and multilateral cooperation [6]