Abstract:
The deep integration of blockchain technology and the real economy is becoming a new driving force to promote the development of China’s digital economy and digital transformation. However, blockchain technology itself and its application have certain risks. With the help of Sociotechnical Theory and the perspective of “technicalsocial system”, this article divides the blockchain technology risk into technology risk and application risk. The technology risk mainly includes the loopholes the of consensus mechanism, the dilemma of smart contracts and the encrypted keys loss crisis.The application risk includes the redundancy caused by the whole network communication, the difficulty of ensuring the authenticity of offchain information, the leakage of personal privacy information, the difficulty of accountability of anonymous transactions, and the reconfiguration of social order leads to chaos.Blockchain risk poses a severe challenge to the market supervision and management system. The government can strengthen the guidance and regulation of blockchain technology application from the perspectives of strengthening technology research and development, improving technical standards and specifications, revising relevant laws and regulations, and prudently supervising scientific and technological innovation, so as to explore the establishment of consensus mechanism and security system to adapt to the application of blockchain technology specifications.
