Academician of the Chinese Academy of Engineering, He Hezhen: The intelligent contract of the blockchain needs to be verified by relevant departments.

According to the Beijing News, on October 20, at the 6th World Internet Conference, Chinese Academy of Engineering academician He Hezhen said that in the past, China’s financial supervision was mostly license management. In the era of digital assets, financial diversity and openness were proposed for supervision. New challenges, such as the intelligent contract of the blockchain, also need to be verified by the relevant departments, can not meet the regulatory requirements of the replacement, when necessary, the regulatory authorities can prevent the non-compliant smart contracts from going online, shutting down the implementation of the residents The authority of the smart contract.