Xiao Jiang: Blockchain technology can play an important role and power in government supervision and other aspects

According to Shangguan News, on November 29, a seminar on the innovation and development of the financial system of the China Pilot Free Trade Zone was held in Lingang New Area. Xiao Jiang, a researcher at the Blockchain Industry Center of the National Technology Transfer Eastern Center, said that the free trade zone should make good use of blockchain technology to promote innovation in the regulatory system and improvement of management methods. He showed an application case carried out by Lingang Science and Technology International Research Institute-the regulatory department uses blockchain technology to establish a node for review, which has a complete record, can effectively prevent data tampering, and permanently records all fraud. Blockchain technology can play an important role and power in government supervision and other aspects.