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ChainDD Live Report in Wuzhen | Founder of Huobi Thinks Bottleneck of Blockchain is Balance between Innovation and Supervision

Abstract : Li Lin said the biggest difference between blockchain and the previous era of the internet is that unlike the Internet, blockchain is still in the preparation stage.

ChainDD
ChainDD

Oct 24

Live report of ChainDD in Wuzhen. At 8 pm, October 20 (Beijing Time), Li Lin, the founder of Huobi, shared his views on blockchain during the Consensus Night Late-Conversation between Entrepreneurs organized by TMT Post.

He said the biggest difference between blockchain and the previous era of the internet is that unlike the Internet, blockchain is still in the preparation stage.
“The real competition in the blockchain industry has not begun yet,” said Li, “the biggest bottleneck of blockchain lies in the balance between innovation and supervision, as the balance is clarified differently in each country when the conditions and national strategies are not the same. Every country has its own tailored tactics in this field.”

Li also mentioned that more innovation of blockchain in applications is seen but the core issue is the quality of innovation. Moreover, supervision shall be flexible for both sides, which means certain supervision should be done with sufficient room for innovation from mainstream and valuable enterprises. Only in this way, can the industry grow and prosper.

The Consensus Night organized by TMT Post and ChainDD has two main themes: The Future of Digital Economy and the New Business Logics. These two sessions are host by ZHAO Hejuan, the founder and CEO of TMT Post Group and LIU Xiangming, the cofounder of the group respectively.

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