Mutual Gold Association Shen Yifei: In the long term, blockchain technology will help achieve the concept of regulatory mechanism change

On the news of December 9, Shen Yifei, director of the Business Department of the China Internet Finance Association, said that the application of blockchain technology in the field of regulatory science and technology will help promote the digitalization, automation and intelligence of supervision. From a horizontal perspective, blockchain technology helps strengthen regulatory co-ordination and new sharing; from a vertical perspective, blockchain technology helps build a new model of real-time and penetrating supervision; from a deep perspective, blockchain technology helps to achieve Automated algorithm supervision; from a long-term perspective, blockchain technology will help to achieve a change in the concept of a regulatory mechanism.