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Commentary with People’s Daily Online: Promote Safe and Orderly Development of Blockchain and Manage with Tolerance and Caution

Abstract : According to this article, government should not only be the policy maker, but also be an active user and scenario manager of blockchain. They should be cautiously tolerant with the blockchain management.

ChainDD
ChainDD

Nov 06

Ye Zhenzhen, the chairman of People’s Daily Online published an article themed as Promote Safe and Orderly Development of Blockchain. In this article, the development of blockchain is essential, while relevant management and observation are necessary for establishing a regulation system, promoting discipline within the industry, rule of law and orderly development.

According to this article, the government should not only be the policymaker but also be an active user and scenario manager of blockchain. They should be cautiously tolerant with blockchain management. On one hand, they should be clear about the bottom line, release a negative list and steadily promote pilot projects. On the other hand, they should instruct, make new breakthroughs in capital operation, investment management and other fields to improve ability to take up risks, helping industries, and capability to gather resources. Meanwhile, the government should make the best use of advantages of talents, market and policies to help outstanding companies to expand oversea, introduce excellent projects from other countries and seek win-win results.

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