Shanghai University of International Business and Economics Liu Feng: Policy supervision has evolved from high-pressure situation supervision to continuous supervision of virtual currency financing

According to China Business Daily, Liu Feng, director of the Blockchain Technology and Application Research Center of the Institute of Artificial Intelligence and Change Management, Shanghai University of International Business and Economics, and a guest researcher, and a professor of business at the Binjiang College of Nanjing University of Information Science and Technology pointed out that in the current policy supervision, Evolving from high-pressure situation supervision to continuous supervision of virtual currency financing, as well as a combination of ways to allow blockchain applications to innovate in the regulatory sandbox. It is worth noting that in the view of Liu Feng, the application of the blockchain industry in the past year is penetrating into the non-financial field. Blockchain has not only been applied in the fields of finance, traceability, certificate storage, etc., but also has made continuous progress in retail, medical, intelligent manufacturing, cultural tourism and other fields. Liu Feng looked forward: "The past year has been a year in which China ’s blockchain development has gradually moved from a financial bubble stage to a 'real world'. The research on alliance chains and private chains is "DeFi" (decentralized finance), represented by asset mortgages, has increased. However, in this process, a large number of enterprises and institutions will inevitably appear in order to explore their own business. With the landing of blockchain technology and industry, the phenomenon-level applications that are truly suitable for the landing of blockchain technology in the industry are about to appear.