Chen Zhong of Peking University: The introduction of blockchain technology is conducive to the realization of "business supervision" innovation within the department

According to China Business News, recently, in an online public welfare anti-money laundering training on "new risks and countermeasures against money laundering," Chen Zhong, a professor at Peking University's School of Information Science and Technology and director of the Blockchain Research Center, said that blockchain can Become a shared data record database between regulators and regulated objects, and break down barriers between organizations; at the same time, the blockchain has the potential to easily share a subset of transaction data with regulators in real time; in addition, blocks The chain can implement a "contained supervision" business model, in which supervisors use smart contracts to verify transactions in real time, and contractualize rules.

He also pointed out that the introduction of blockchain technology is conducive to the realization of "business + supervision" innovation in the department. It can introduce blockchain technology into the daily identity registration verification, financial transactions, and inspection and auditing of financial institutions to realize the digitization of regulatory rules. Automation, intelligence, and the use of smart contracts to complete real-time supervision and data sharing will help further improve financial institutions' anti-money laundering prevention, monitoring during the event, and disposal after the event.