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《Contemporary Economic Management》 2018-09
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Bitcoin,Blockchain and ICO:Reality and Future

Yao Bo;National Academy of Economic Strategy, China Academy of Social Science;Institute of Digital Finance, Peking University;  
Along with the mankind's creativity becoming more and more powerful, the cost of information transfer becomes more and more lower.The traditional internet is changing from information internet to value internet now. Bitcoin is emerging based on this background. Since the August of 2017, the price of bitcoin is rising vigorously and the blockchain technology is popularized widely. The blockchain industry is developing dramatically. The blockchain strategy has been written in the 13 th Five-Year Plan. Local governments have promoted and invested in the blockchain technology. ICO is discussed widely as a new financing model for blockchain ecosystem. The reform of the blockchain technology has started from bitcoin and digital finance industry. In the future, digital currency and the blockchain will become an indispensable infrastructure, and maybe guide technology to a new height. Value assessment will become forward-looking and important in intelligent internet times.
【CateGory Index】: F822
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