On November 21st, Ji Jia, a postdoctoral researcher at the China Academy of Finance, published a paper on “Reducing Financial Supervision Costs with Blockchain Technology” in the China Securities Journal. The article stated that the application of distributed accounting technology represented by blockchain in the financial field is of great significance for improving regulatory efficiency and policy quality. Future blockchain technology has the potential to reduce regulatory costs, improve the efficiency of risk monitoring, and promote high-quality financial development. The goal of the regulatory authorities is to develop financial services with high quality, low cost, and inclusiveness through market infrastructure construction and strengthen the stability of the financial system. Guided by this goal, the future regulatory authorities can optimize the market from three aspects to promote the high-quality development of the financial industry. First, the use of distributed accounting technology to reduce the fixed cost of the compliance mechanism, so that smaller financial institutions and large systemic important institutions compete fairly. Second, regulators should improve audit efficiency and optimize access to official licenses and official information in the distributed billing market. Third, the regulatory framework should cover industry guidelines and administrative enforcement mechanisms for new technologies to address possible disputes in the decentralized market.