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Zheng Zhiming, Academician of the Chinese Academy of Sciences: Blockchain will change the pattern of digital finance in the future

From the “14th Five-Year Plan”, we have seen that the digital economy has been increased in many places, and blockchain technology has been raised as the next-generation information technology development strategy. So, what is blockchain? We are currently in a critical period of innovation and change in the financial system. How will blockchain change the future of digital finance? What are the applications and explorations of blockchain in the digital financial market? Zheng Zhiming, an academician of the Chinese Academy of Sciences, first proposed a blockchain distributed trusted system model in my country, and proposed a blockchain ternary optimization and balance strategy.

On July 30, Academician Zheng Zhiming was invited to attend the 7th Risk Management and Financial Statistics Forum held in Nansha, Guangzhou and delivered a keynote speech. During the forum, he accepted an exclusive interview with Southern Finance and Economics.

(Academician of the Chinese Academy of Sciences, Professor Zheng Zhiming of Guangzhou University)

Blockchain will reconstruct the financial credit system

Nanfang Finance and Economics: First of all, I would like to ask if you can use a more vivid and simple example to introduce to us some applications of blockchain in digital finance?

Zheng Zhiming: The simplest thing is digital finance. In all financial transaction activities, risk must be considered. Because the core of finance, its first element is risk, so how to control risk, blockchain will do this matter. It is to build a credible platform that eliminates the risks in the process of financial digital finance and financial transactions. Its core point is in this place. Because it is a trust system and the role of blockchain, it makes the transaction process simpler, more straightforward, and more straightforward. It is the kind of traditional trust model in the past that uses technology to quickly establish trust relationships. Such a technology .

As you can see, when the financial system has a problem, it is because the risk is not…

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