Recently, the Postal Savings Bank of China (PSBC) has innovatively established a whole-process electronic physical asset management system for important items by introducing Internet of Things technology, enabling improvements in both safety and efficiency of vault management.

Traditional vault management used to rely on manual handovers and paper document circulation, leading to management pain points such as high operational risks, lack of transparent process and difficulties in information tracing. PSBC has addressed these challenges proactively. It has innovatively adopted a model combining RFID tags, bulk scanning terminals, handheld RFID readers and biometric authentication, to establish a whole-process electronic physical asset management system for important items. This system has reduced the single case verification time from 50 seconds to just eight or nine seconds, improving the overall efficiency by 83 percent and achieving a 100 percent accuracy rate in physical asset information verification.

By combining unique electronic tag identifiers, efficient interaction among intelligent devices and biometric verification, PSBC has established a digital handover system, generating an efficient handover model featuring intelligent cash allocation and instant response. Relying on RFID technology, it has established an end-to-end information tracking system to record the circulation traces, operational behaviors and responsible personnel information of the important items in real time, ensuring that identity verification, operational procedures and risk points are fully controllable and traceable throughout the entire process.