Wuzhen site Meng Mengyan: 10.25 New Deal completely changed the Chinese blockchain application paradigm

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 he believes that China will still ban cryptocurrencies, but it can be led by many government agencies, enterprises and social organizations to join the blockchain. Users interact directly or indirectly with the blockchain, and multiple organizations jointly cross-validate to reach a consensus on the authenticity of user behavior and status data and confirm the chain, corresponding to the issuance of standardized and non-standardized certificates, and the digitization of assets and equity. This may also be the paradigm for future blockchain applications in China.