In a survey compiled by Cytiva and Longitude, a Financial Times group company, earlier this year, industry experts identified five key factors to assess the resilience of the life sciences sector.

"In a matter of seconds, you can find all the information you need once you put in longitude and latitude figures," said Gao Jungang, chief executive officer of the group.

Pan Hao, director of the Xuhui district notary public office, explained that when evidence, such as a picture or a video clip, is taken through the platform – which is in the form of a smartphone app -- the exact longitude and latitude of the location where it is taken is recorded, and a unique hash index is created by the system for this specific evidence to ensure its authenticity and uniqueness.

Marine investment companies have assisted ICBC in managing the entire lending process, verifying the authenticity of a loan applicant's sea area usage rights lease contract, ensuring that the aquaculture farmer is a legally compliant customer, providing satellite maps to locate fish farms in longitude and latitude and monitoring risks in a targeted manner.