He Ping, Tsinghua University: Blockchain Technology Boosts Financial Development

On June 2nd, at the Shanghai Summit of the Global Blockchain Empowerment Forum hosted by the University of Fire Capital, the head of the China Financial Research Center of the School of Economics and Management of Tsinghua University said that blockchain technology has boosted financial development. The first is to narrow the boundaries of the company, and the financing boundary and the operating boundary are increasingly deviated, that is, the assets belong to the shared or collective ownership; at the same time, the personnel reduce the cost. Second, more and more things can be priced and traded, such as popularity, beauty, and so on. Finally, the intermediary functions of finance and transactions are weakened, and more peer-to-peer transactions and credit enhancements.