Monthly report of the Internet Finance Committee: "Currency reform" and "chain reform" may be overheated

Today, the National Internet Financial Security Technology Expert Committee released the Blockchain Industry Dynamics Monthly Report (August 2018).

Regarding the “currency reform” and “chain reform” trends that have emerged in the industry, the special committee pointed out that the public opinion on them remains high and there may be suspicion of over-hype, and their actual value still needs time to be tested.

In addition, the report pointed out that as the influence of blockchain with public chain architecture continues to expand, blockchain applications based on alliance chain and private chain architecture will penetrate into key areas such as finance and social management. Once a security incident occurs, it is very likely to cause significant losses.