Tsinghua University Chai Yueting: Building a Blockchain-Based Digital Ecology for Commodity Markets

Chai Yueting, director of the National Electronic Commerce Engineering Laboratory of Tsinghua University, said on the 29th that he participated in the "2019 China Commodity Modern Supply Chain Innovation and Development Forum", and said that building a blockchain-based commodity digital ecology can promote the better development of China's commodity market. Chai Yueting said that distributed, chained data management technology, cryptography and encryption technology, consensus mechanisms and algorithms, and smart contracts constitute the core technology set of the blockchain. Their interrelationship and role can release the comprehensive effect of the blockchain.