Chairman of People’s Daily Online Talks about Safe and Orderly Development of Blockchain

[ChainDD report] November 07 (ChainDD) The People’s Daily Online published a article of their chairman Ye Zhenzhen recently. Ye said observing and following the progress of blockchain are necessary for establishing rules and regulations, abiding by law and developing in an orderly manner. Blockchain can only be good to the whole society if it is well-managed. In this process, government supervision is essential for the safe and orderly progress of blockchain. Otherwise, a possible messy situation may occur. Government should not only be the policy maker in the field of blockchain but also actively apply and manage this technology. Blockchain is still in the first stage of development and therefore, government supervision shall be tolerant, cautious, result-focused with appropriate actions, exploration and trails for a favorable environment with emerging technology.

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