Li Ming: Blockchain can be used in four aspects: deposit and confirmation, transaction and exchange, traceability and credit service.

Li Ming, director of the Blockchain Research Office of China Electronics Technology Standardization Research Institute, analyzed the blockchain and its value by introducing the “step-by-step chicken” traceability process. Li Ming said that through our analysis, the blockchain can be used in four aspects: deposit and confirmation, transaction and exchange, traceability and credit services. Most of the projects of traceability, points, supply chain management, and judicial deposits are now in the category. Through this analysis, the exhaustion phenomenon in various scenarios such as finance, education, and medical care is avoided, and related application logic can be extracted based on the technical characteristics of the blockchain to provide guidance for all industries.