Wuzhen scene Meng Mengyan: chain circle is reform, the currency circle is revolution

Babbitt's live report, #2019 World Blockchain Conference·Wuzhen# Today's wonderful continues, the sub-forum "Opportunities and Challenges of Digital Asset Trading" officially opened. Meng Yan, deputy dean of the Institute of Digital Assets, said in his speech that the essence of the dispute between the chain and the currency circle is actually two routes into the digital economy. The chain is the reform to use the blockchain as a credible database, providing credible digital evidence for action by institutions such as finance; the currency circle is a revolution, directly changing the currency issuance mechanism, redistributing the coinage and coinage taxes, and radically transforming all financial Infrastructure and basic logic. The development of a high-level digital economy requires the digitization of products and services, the digitization of assets, and the move toward digital assetization.