Blockchain technology continues to reshape industries, fuel innovation, and spark global conversations about the future of trust, finance, and digital infrastructure. At the forefront of this movement stands Qtum, a leading blockchain platform that blends the reliability of Bitcoin’s architecture with the flexibility of smart contracts. In a landmark appearance, Qtum founder and CEO Patrick Dai (known as Shuai Chu) was invited as a guest expert on The Point with Liu Xin, a flagship program on China Global Television Network (CGTN), where he discussed the transformative potential of blockchain, regulatory challenges, and the road ahead for the industry.
CGTN, established on December 31, 2016, is recognized as China’s most authoritative international news broadcaster. Formerly known as CCTV’s foreign language channels, it has earned global acclaim, including Italy’s prestigious “Golden Bird” TV Award. The fact that CGTN dedicated an entire episode of its influential talk show to blockchain underscores the technology’s rising prominence on the world stage. Patrick Dai’s participation not only highlights Qtum’s growing influence but also reflects broader recognition of blockchain as a critical technological frontier.
The Impact of Blockchain on Society and Business
During the interview, host Liu Xin—a renowned journalist and former UN correspondent—opened the discussion by asking:
“What kind of impact and disruption could blockchain technology bring to human society?”
Patrick Dai responded with clarity and vision:
“Blockchain has the potential to transform our lifestyles and business models by offering a trustworthy social infrastructure. Its applications are vast—from monetizing supply chains and IoT networks to enabling superior payment solutions.”
This insight captures the essence of blockchain’s value proposition: decentralized trust. Unlike traditional systems that rely on intermediaries like banks or notaries, blockchain enables peer-to-peer verification through cryptographic consensus. This reduces fraud, increases transparency, and lowers transaction costs across sectors such as logistics, healthcare, finance, and digital identity.
For instance, in supply chain management, blockchain can track goods from origin to consumer, ensuring authenticity and ethical sourcing. In IoT, devices can securely communicate and even transact autonomously using micropayments—something Qtum’s energy-efficient proof-of-stake model supports effectively.
👉 Discover how blockchain is powering the next generation of decentralized applications.
Addressing Financial Risks and Regulatory Challenges
As blockchain adoption grows, so do concerns about financial stability and regulation. Liu Xin probed further:
“Could the blockchain boom lead to financial risks? How should governments regulate cryptocurrencies?”
Dai acknowledged the complexity:
“Cryptocurrency transactions are peer-to-peer, making them harder to monitor. However, governments worldwide are increasingly aware of this space. Countries like Japan and several in Europe have already recognized Bitcoin’s value. With balanced regulation, we can guide blockchain toward responsible growth.”
This balanced perspective reflects a maturing industry. While early crypto movements emphasized decentralization and resistance to control, today’s leaders like Dai advocate for responsible innovation—embracing oversight that protects consumers without stifling progress.
Regulatory clarity is now emerging in major economies. From the EU’s MiCA framework to Singapore’s progressive licensing policies, structured approaches are helping legitimize digital assets. In China, while cryptocurrency trading remains restricted, blockchain development is actively encouraged—evidenced by its inclusion in the 13th Five-Year Plan.
The Future of Blockchain: Patience, Collaboration, and Real-World Use
Looking ahead, Dai shared his long-term outlook:
“Blockchain is still in its infancy. The biggest challenge may simply be time—it might take another 5 to 10 years for widespread acceptance and integration. What’s crucial is that global developers and entrepreneurs work together, share knowledge, and expand real-world use cases.”
This vision aligns with current industry trends. After the hype cycles of initial coin offerings (ICOs) and speculative trading, the focus has shifted to sustainable utility. Projects like Qtum are building interoperable, enterprise-ready platforms that bridge legacy systems with decentralized networks.
Moreover, collaboration across borders and ecosystems is accelerating innovation. Open-source development, academic research partnerships, and cross-chain protocols are laying the foundation for a truly interconnected digital economy.
👉 Explore secure and scalable blockchain solutions designed for the future.
Core Keywords
- Blockchain technology
- Qtum blockchain
- Decentralized infrastructure
- Cryptocurrency regulation
- Smart contracts
- Peer-to-peer transactions
- Blockchain adoption
- Future of blockchain
These keywords naturally reflect the central themes of trust, scalability, governance, and long-term integration—critical factors shaping search intent around blockchain topics in 2025.
Frequently Asked Questions
Q: What is Qtum blockchain used for?
A: Qtum combines Bitcoin’s stability with Ethereum-like smart contract functionality. It enables businesses to build decentralized applications (dApps), automate processes via smart contracts, and create custom tokens—all on a secure, energy-efficient proof-of-stake network.
Q: Is blockchain technology regulated in China?
A: While China bans cryptocurrency trading and mining, it actively supports blockchain development. The government promotes blockchain for supply chain tracking, data authentication, and public services under national innovation strategies.
Q: How does blockchain ensure trust without intermediaries?
A: Blockchain uses cryptographic hashing and distributed consensus (like proof-of-work or proof-of-stake) to verify transactions across a network of nodes. Once recorded, data cannot be altered without network agreement—creating a tamper-proof ledger.
Q: Why does blockchain adoption take time?
A: Despite its potential, blockchain faces hurdles including scalability limitations, regulatory uncertainty, user education gaps, and integration with existing systems. Widespread adoption requires technical maturity and ecosystem alignment.
Q: Can IoT devices really use blockchain?
A: Yes. Blockchain allows IoT devices to securely exchange data and conduct microtransactions autonomously. For example, a smart meter could automatically pay for electricity using crypto based on real-time usage—enabled by platforms like Qtum.
Q: What role does CGTN play in covering tech trends?
A: As China’s primary international broadcaster, CGTN brings global attention to emerging technologies. Its coverage of blockchain signals official recognition of the technology’s strategic importance beyond financial speculation.
Final Thoughts: Building the Trust Layer of the Internet
Patrick Dai’s appearance on CGTN marks more than just media visibility—it represents a pivotal moment in the legitimization of blockchain as a foundational technology. By focusing on real-world utility, responsible regulation, and international cooperation, leaders like Dai are guiding the industry beyond volatility toward sustainable impact.
As we move into 2025 and beyond, the true measure of blockchain’s success won’t be price spikes or viral trends—it will be its quiet integration into everyday systems: securing medical records, verifying academic credentials, streamlining cross-border payments, and empowering digital ownership.
The journey is long, but the direction is clear. With platforms like Qtum leading the charge, blockchain is no longer a fringe experiment—it’s becoming the trust layer of the internet.
👉 Start your journey into the world of decentralized innovation today.