Core Viewpoint - The "Smart+" transformation led by Agricultural Bank of China in Xilin Gol is reshaping the traditional beef trading ecosystem, enhancing efficiency and transparency in transactions [1][2]. Group 1: Traditional Trading Challenges - Traditional beef trading relied heavily on cash transactions, which posed risks of counterfeit money and difficulties in record-keeping, leading to disputes and inefficiencies [1]. - The role of cattle brokers is crucial as they connect herders with end markets, but the old cash-based system limited their operational efficiency and profitability [1]. Group 2: Implementation of "Smart+" Platform - The "Smart+" platform digitizes the entire trading process, allowing for online order placement, on-site verification, electronic contracts, and quick payments, significantly improving transaction efficiency [2]. - As of August, the platform has facilitated 27,000 transactions worth 770 million yuan, showcasing its rapid adoption and impact on the market [2]. Group 3: Transformation of Brokers - Brokers are increasingly residing at the trading market, benefiting from the platform's transparency and quick settlement, which allows them to capitalize on market opportunities more effectively [3]. - The average beef price has increased by approximately 30% compared to the previous year, motivating farmers to engage more actively in the market [3]. Group 4: Credit and Financial Services - The platform has established a credit system by recording transaction data, enabling the Agricultural Bank to offer credit products to brokers based on their transaction history [4]. - By August 31, the bank had issued over 68 million yuan in loans to more than 380 brokers, demonstrating the financial support available through the platform [4]. Group 5: Industry-Wide Upgrades - The "Smart+" platform not only connects herders, brokers, and buyers but also provides value-added services such as real-time market data and traceability for livestock [5]. - The bank is extending the "Smart+" model to surrounding regions, enhancing the overall livestock trading ecosystem and creating a ripple effect across the industry [6].