Li Yang, Chairman of the National Finance and Development Laboratory: The blockchain provides a trust mechanism to enable trust to be established

According to the First Financial News, on July 25th, at the "2019FinTech Summit Forum", Li Yang, chairman of the National Financial and Development Laboratory and member of the Chinese Academy of Social Sciences, said that several technologies are currently being used in the financial sector. The blockchain provides a trust mechanism, using technology to enable trust to be established, enabling financial development; second, artificial intelligence; third, technology provides a new set of security standards, security systems, and security mechanisms; fourth, the Internet of Things; It is cloud computing that improves efficiency and processing efficiency. He also pointed out that at present, financial risks have mainly been the risk of infrastructure, so it is also necessary to use financial technology to strengthen security construction and build a financial service system in which consumer rights can be guaranteed.