Luo Mei, Tsinghua University: Digital currency accounting and tax system is the infrastructure for blockchain to promote industrial upgrading

Recently, Luo Mei, a doctoral supervisor of the Department of Accounting of the School of Economics and Management of Tsinghua University and director of the Tsinghua SEM Digital Financial Asset Research Center, said in an exclusive interview with Babbitt that the current application of blockchain is not to generate income, but to save costs. For example, many companies do not have a high level of information technology, and can use blockchain technology to improve the information system, thereby saving the cost of paper document verification and circulation. The digital currency accounting system and tax system are the basic facilities for the promotion and development of the industry by the blockchain. How to measure and pay the digital assets that may be transferred and traded on the blockchain network in the future is a system issue that needs to be implemented.