Li Ming, China National Institute of Electronic Standardization: Whether decentralization should depend on the application needs of the technology

According to the Securities Daily, Li Ming, director of the Blockchain Research Office of the China Electronics Standardization Institute, said in an interview that the blockchain technology uses a distributed network to provide technical support for peer-to-peer collaboration. Whether decentralization should not depend on the requirements of the technology, but also on the application requirements carried by the technology. Because technology has no application scenarios, it can only be a "toy" of a laboratory or a technology geek. In the long run, the combination of blockchain with smart contracts and artificial intelligence will produce unpredictable results, and even the scenes of science fiction may become a reality.