Li Youxiang, Banking Regulatory Commission: Reinsurance industry can use blockchain as a breakthrough in independent innovation

According to Sina Finance, on November 4, Li Youxiang, director of the property insurance department of the China Insurance Regulatory Commission, said at the International Reinsurance Conference that the reinsurance industry is an important booster and stabilizer for economic and social development. There is much to be done in the development of the real economy. Reinsurers should be good at Using IT technology, for example, the blockchain can be used as an important breakthrough for independent innovation, addressing the pain points of industries such as information asymmetry and low level of informationization, enhancing the ability of trading entities, and making a unique contribution to social development.