Core Insights - The article discusses the compliance practices of SanNiuHuiXuan, highlighting its innovative model of "consumption as accumulation of compliance rights" and the establishment of a supervisory group to enhance operational transparency and institutional safeguards [1][3][17] Group 1: Business Model and Innovation - SanNiuHuiXuan's core innovation involves reconstructing the consumer value chain by converting daily purchasing behaviors into accumulable contribution values linked to a compliance rights auction system [3][5] - The platform utilizes blockchain technology to ensure that contribution values generated from purchases are immutable and traceable, allowing users to bid for compliance rights through engaging auction mechanisms [3][5] - The business logic is supported by deep integration with the real industry chain, implementing a "C2F order + compliance capital support" dual-drive strategy to provide stable orders to partner factories [5][9] Group 2: Compliance and Supervision - The establishment of a special supervisory group marks a significant step in ensuring user rights and fund security, with comprehensive monitoring of the platform's operations, including fund custody and data security [7][15] - A multi-layered protection system for fund security has been set up, with all user funds independently managed by a third-party institution holding a central bank payment license, ensuring complete isolation from operational funds [7][9] - The supervisory group emphasizes the importance of balancing innovation with regulatory compliance, aiming to create a transparent operational system that can serve as a model for similar platforms [15][16] Group 3: Future Plans and Industry Impact - SanNiuHuiXuan aims to integrate 1,500 factories and promote 100 industry brands for capitalized development between 2025 and 2030, targeting an annual circulation scale exceeding 1 trillion yuan [13][19] - The platform's compliance practices are seen as a potential benchmark for the industry, addressing the challenge of balancing incentive design with risk prevention in the context of shared consumer and industrial value [15][17] - The initiative is positioned to redefine the connection between consumption and industrial value, fostering a new ecosystem in the digital economy where every consumer contribution is recognized and rewarded [17][19]