Academician of the Chinese Academy of Sciences Zheng Zhiming: Blockchain is making regulation easier

Zheng Zhiming, an academician of the Chinese Academy of Sciences, recently accepted an exclusive interview with Xinhua reporters. When asked if hot money inflows meant more stringent regulation, Zheng Zhiming said that blockchain is making regulation easier. "After the blockchain technology, as long as you put a regulatory node in this system and put national or local laws and regulations into smart contracts, then it can achieve a 'penetration' of a blockchain technology and application platform "Supervision can avoid the situation where there are policies on the top and countermeasures on the bottom," and "one person gets sick and all take medicine."