Guo Yuhang, Principal of China's Blockchain Application Research: Blockchain can become a new generation of information infrastructure

According to Xinhua News, Guo Yuhang, the head of the China Blockchain Application Research, said in an interview that the blockchain can become a new generation of information infrastructure. The gradual popularization of 5G and the Internet of Things will bring about a geometric increase in the amount of data in the whole society, which is accompanied by many contradictions that hinder the development of the digital economy. “In the visible technology solutions, blockchain technology can better solve these problems and further reduce the friction in the digital world.” He also pointed out that China's blockchain applications are at an advanced level internationally. The blockchain has a number of landing cases in the fields of supply chain finance, bills, etc., which are basically on the same starting line compared with foreign countries.