Ma Xiaofeng: Blockchain will empower traditional businesses in five areas including credit

At the recent "Pick Up Talk" on blockchain technology sponsored by People's Daily Digital Communication, Ma Xiaofeng, director of Shanghai Blockchain Technology Research Center and Dean of Tongji Blockchain Research Institute, shared the theme of "Blockchain Technology Applications" "Theory and model innovation practice", he introduced that blockchain technology is "two structures" (chain ledger structure and P2P networking structure), "two algorithms" (consensus algorithms and cryptographic algorithms), "one contract" ( Smart contract). Blockchain will empower traditional businesses in five areas: credit, value circulation, risk control, supervision, and information security, and help innovate the digital economy model.