Cai Esheng, former vice chairman of the China Banking Regulatory Commission: If the blockchain technology breaks through, it will help improve the level of financial transactions.

According to the 21st Century Business Herald, recently, Cai Esheng, chairman of the South-South Cooperation Financial Center and former vice chairman of the China Banking Regulatory Commission, said at the 2019 Financial Technology Services (Shanghai) Summit Forum that current financial technology mainly focuses on AI, blockchain, cloud computing, Technology development and application in areas such as big data. At present, the development and application of cloud computing and big data are relatively mature, and the blockchain is still in the experimental research stage. However, if the blockchain technology can make breakthroughs, it will improve the level of financial transactions, improve market transparency and enhance Bank payment settlement and other aspects will bring great help. In addition, the financial community must also adapt to the impact of “new species”, such as the emergence of digital currencies such as LIBRA, which may be quite frequent in the future.