Zhang Yuge: It is recommended to use blockchain technology for cross-border supervision of funds

According to China News Network, Zhang Yuge, director of the Hong Kong and Macao and Regional Development Research Institute of China (Shenzhen) Comprehensive Development Research Institute, said in an interview that the Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone will cross the Shenzhen and Hong Kong. If traditional customs clearance is still used, Inconvenience to the flow of factors. If you make full use of advanced IT technology, you can effectively break the bottleneck of factor flow. For example, the application of face recognition for personnel access management, the application of the Internet of Things for goods in and out management, the application of blockchain technology for cross-border supervision of funds. He believes that cross-border flows of elements in Shenzhen-Hong Kong Science and Technology Zone will have more open and convenient institutional arrangements.