Blockchain will change the system of digital finance, claims Chinese official

Blockchain will change the system of digital finance, claims Chinese official

Gate Trade News Tuesday, December 3, 2019 20 2

Former President of the Bank of China, Li Lihui, recently addressed the gathering, at the Financial Technological Summit held in Beijing. Where he said, digital currencies are set to serve as crucial players in the upcoming financial revolution. In his eyes, digital finance needs a better approach from regulators, and he believes that China shouldn’t miss such a golden opportunity. Lihui added that he recognizes a blockchain as a protocol that is immutable and incorruptible and employs a consensus algorithm in order to preserve decentralization.