Author: Iris Li
During the 2018 Blockchain Technologies and Applications seminar held in Shanghai, Di Gang, who is the Vice President of Digital Currency Research Institute in China’s Central Bank the People’s Bank of China (PBoC), gave a presentation about Systems Evolution in Current FinTech Age.
“Blockchain is the decentralisation of technology rather than the decentralisation of general management. There is no conflict between its physically distribution and logically unity. It will not make sense by only using the blockchain technology and it will be the best to mix the blockchain with current framework. The blockchain technology stands as the optimisation and supplementary for current existed system. The technological consensus does not represent as the consensus among transactions; and thus it is very significant to ensure the credibility of blockchain technology. Otherwise, the blockchain will be trapped into the trust crisis when its constructing subjects lacking credit.”
Featured Image Resource: sosobtc, 2017
Content Image Resource: walian, 2018