Abstract
As an essential part of the digital economy revolution, blockchain is rapidly developing and penetrating various fields of China’s economy as a new generation of information infrastructure.
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Notes
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The PBC has included e-CNY in the statistics of currency in circulation (M0). The official website of the PBC showed that since December 2022, “currency in circulation (M0)” includes e-CNY in circulation.
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As of August 31, 2022, the cumulative number of e-CNY transactions in the pilot areas is 360 million and the cumulative transactions amount 100.04 billion yuan, meaning that the transaction volume increased by nearly 1700% in 10 months.
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A smart contract is a set of conventions defined in digital form, including agreements on which contract participants can enforce these conventions. Smart contracts can be automatically executed in blockchain according to a default contractual agreement without trusting a third party (Egelund-Müller et al. 2017; Sun et al. 2018; Paulavičius et al. 2019).
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Xu, R., Zhao, D. (2023). Status and Development Trend of Blockchain Application in the Private Equity Industry. In: Digital Transformation of Private Equity in China. Contributions to Finance and Accounting. Springer, Singapore. https://doi.org/10.1007/978-981-99-8482-4_9
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