Proceedings of the 5th International Conference on Internet, Education and Information Technology (IEIT 2025)

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Regulating Smart Contract Applications in China: How to Strike a Balance between Innovation and Compliance?

Authors
Junlin Yi1, *, Zheheng Miao1
1KoGuan School of Law, Shanghai Jiao Tong University, Shanghai, 200030, China
*Corresponding author. Email: yijunlin_sjtu@126.com
Corresponding Author
Junlin Yi
Available Online 31 July 2025.
DOI
10.2991/978-94-6463-803-5_24How to use a DOI?
Keywords
Smart Contract; Regulation; Virtual Community
Abstract

Smart contract technology has revolutionized sectors like finance and supply chain management through its automated execution and decentralized nature in China. However, its rapid adoption necessitates robust regulatory frameworks to curb risks such as illegal activities and security vulnerabilities. A comparative analysis of international regulatory approaches reveals divergent policy priorities: the EU emphasizes personal data protection, the US fosters innovation in digital assets, Japan prioritizes transactional safety, South Korea safeguards investor rights, and the UK leverages regulatory sandboxes to balance innovation with control. This paper proposes a hybrid framework of community self-governance and indirect regulation to better mitigate risks while fostering the sustainable development of smart contract applications in China. A hierarchical evaluation system is also introduced, encompassing ex-ante review, interim monitoring, and ex-post audit, supported by quantifiable metrics to enhance regulatory efficacy.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 5th International Conference on Internet, Education and Information Technology (IEIT 2025)
Series
Atlantis Highlights in Social Sciences, Education and Humanities
Publication Date
31 July 2025
ISBN
978-94-6463-803-5
ISSN
2667-128X
DOI
10.2991/978-94-6463-803-5_24How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Junlin Yi
AU  - Zheheng Miao
PY  - 2025
DA  - 2025/07/31
TI  - Regulating Smart Contract Applications in China: How to Strike a Balance between Innovation and Compliance?
BT  - Proceedings of the 5th International Conference on Internet, Education and Information Technology (IEIT 2025)
PB  - Atlantis Press
SP  - 234
EP  - 246
SN  - 2667-128X
UR  - https://doi.org/10.2991/978-94-6463-803-5_24
DO  - 10.2991/978-94-6463-803-5_24
ID  - Yi2025
ER  -