Representative of Xinjiang People's Congress Zhou Li: Promote High-quality Development in Horgos through "Grafting" Blockchain Technology

Zhou Li, a representative of the Xinjiang Uygur Autonomous Region People ’s Congress and a professor of the School of Finance and Taxation of Xinjiang University of Finance and Economics, suggested that blockchain technology be used to promote the high-quality development of Horgos. Zhou Li suggested that through the "grafting" of blockchain technology, the problem of trust between different subjects should be solved. In the payment field, the application of blockchain technology helps reduce the cost of reconciliation and dispute resolution between financial institutions, and significantly improves the processing efficiency of payment services.