Xu Mingxing: The application of blockchain technology will make regulation more efficient

According to China News Network, on April 20th, at an event in Beijing, Xu Mingxing, founding chairman of China Blockchain Application Research Center and founder of OK Blockchain Engineering Institute, pointed out that blockchain technology is “point-to-point” information. The foundation of delivery and transaction, this "de-intermediation" function will greatly reduce the cost of social operation. “Peer-to-peer” does not mean that it cannot be regulated. In fact, the application of blockchain technology will make regulation more efficient. Xu Xing said that from the current actual case, the blockchain helps to improve the security of network information. Looking forward to the future, he proposed that the blockchain will reshape the operating modes of many industries or sectors, including cryptocurrency and retail finance. , the Internet of Things, financial infrastructure, and even social regulation and legal development.