Yu Ping, former vice president of China Council for the Promotion of International Trade: Blockchain technology will play an important role in new retail

According to Xinhua Finance News, on April 17, at the “2019 China (Tianjin) New Retail and Smart Logistics Summit Forum”, Yu Ping, former vice president of the China Council for the Promotion of International Trade and consultant of the 30-person forum of the global artificial intelligence blockchain, said Blockchain technology will play an important role in new retail. The decentralization, transparency, and autonomy of the blockchain can help solve various problems encountered in the new retail process. In the blockchain environment, data can be exchanged securely, and information cannot be tampered with, resulting in fraud. The cost becomes higher. In new retail, the interaction of artificial intelligence and blockchain technology can improve production relationships and boost new retail sales to new heights.