Li Dongrong, President of China Internet Finance Association: Comprehensive use of blockchain and other technologies to achieve digital translation of regulatory rules

On November 18th, Li Dongrong, president of the China Internet Finance Association, said that the development of regulatory technology is a strong support for maintaining financial security in the new situation. In view of the new characteristics and new changes in economic and financial risks, the technology-driven advantage will run through the entire chain of pre-, post-, and post-financial financial supervision, and establish cross-departmental, inter-regional, and cross-level public data integration and regulatory information sharing mechanisms. The use of artificial intelligence, big data, blockchain, application programming interface and other new generation digital technology, gradually realize the digital translation of regulatory rules, real-time data collection, intelligent analysis of risk, visualization of results and other functions. "It is necessary to stop the black stream and also to stop the black swan."