Blockchain Needs Some Centralization, Says Chinese SEC Official

An official from one of China’s financial regulators argued at the “Two Sessions” conference in Beijing on Sunday that blockchains are better if not completely decentralized. Acting as a policy advisor at the Chinese People’s Political Consultative Conference this week, Zhang Ye, head of the technology unit at China’s Securities Regulatory Commission, encouraged the public sector in China to embrace advanced technologies such as artificial intelligence and blockchain technology in public services. However, at the same time, he cautioned that, [...]