Economist Gao Jian: If the blockchain technology does not enhance the technical content and scene applications, bubbles may appear in a certain period of time

According to the International Financial News, Gao Jian, a senior economist, founder of China's bond capital market and former executive vice president of China Development Bank, said that the concept of blockchain is now hot, but this "hot" contains many elements of future bubbles . Blockchain itself is a technology that is established from the perspective of transaction costs and centralization. The development of blockchain technology, if it does not enhance the technical content and scene applications, bubbles may appear in a certain period of time.