President of China Chain Store & Franchise Association: The development of technologies such as blockchain will become an important guarantee foundation for the continuous application of technology in China's retail industry.

According to the Beijing News, recently, at the 2019 China Retail Conference, the chairman of the China Chain Store Association said that in the future, the development of China's basic technology, especially the recent development of new technologies such as 5G and blockchain. It will become an important guarantee foundation for the continuous leading technology application in China's retail industry. Secondly, from the platform level, social platforms, especially shopping platforms, are the main entry point for online traffic. In the future, private domain traffic may gradually become an important traffic import support for retail enterprises.