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, while he believes in the potential of blockchain, to fully achieve its benefits will rely on using a centralized infrastructure.
https://www.coindesk.com/blockchain-needs-some-centralization-says-chinese-sec-official/Of course they would want to regulate blockchain technology because it is only through it that the government of China will have control over all others who use the same. To me, it appears to be an implication that Zhang Ye admits to the need for the breakthrough of the blockchain technology in this day and age. There is no denial that he is for the said technology, but there should be no mistake that it is Bitcoin that pioneered the use of such. Hence, the two--Bitcoin and blockchain technology--cannot just be taken distinctly from each other. Give credit where credit is due, as they say. Needless to say, I see they want to utilize blockchain on its own irrespective of its association with Bitcoin.
