Rao Lixin, Director of the State Administration of Taxation: Using Blockchain Technology to Innovate Administration

Rao Lixin, director of the Department of Taxation and Science and Technology Development of the State Administration of Taxation, recently issued a document stating that the effective use of blockchain technology can optimize the relationship between the government and the market and change the role of government and enterprises in the traditional administration of “regulation and supervision”. On the other hand, it can enhance the regulatory cooperation between government departments and use the blockchain to form a “consensus mechanism”, which can open up the information channel of the whole network and promote the joint maintenance and utilization of government data across departments and regions, through government departments and governments. The “chain interaction” between market entities fully grasps the real-time dynamic information of market entities, jointly carries out monitoring analysis and early warning response, enhances the timeliness and accuracy of supervision, and enhances the ability and level of government management of social affairs.