Professor Lin Cong’s Paper is Accepted and Published in International Level-A Journal, Focusing on Blockchain for Environmental Monitoring | Academics

Release time：2025-09-03    

The paper entitled “Blockchains for Environmental Monitoring: Theory and Empirical Evidence from China” coauthored by Lin Cong, Distinguished Professor in Economics at FISF, and his partners Yuanyu Qu and Guojun Wang was accepted and published in the international level-A journal Review of Finance.

Professor Introduction

Lin Cong

Distinguished Professor in Economics at FISF

Main contents of the paper:

We explore the effects of a blockchain-based environmental monitoring technology on emissions. Our model of firm competition in the presence of regional regulators reveals that blockchain adoption reduces industrial pollution but triggers business relocation, creating trade-offs between local emission reduction and economic contraction. When pollution-induced social losses are highly dispersed across cities, a partial-adoption equilibrium fails to mitigate aggregate emissions because of the pollution leakage. We further present the first piece of empirical evidence corroborating model predictions, by taking advantage of a recent regulation change in China. The concentrations of SO2, NO2, and CO in blockchain-adopting cities are on average 16.6 percent, 7.9 percent, and 4.6 percent, respectively, lower than other cities. However, blockchain-based monitoring disproportionately hurts the industrial sector, and the average economic growth are 1.8–2.6 percent lower than other cities. Firms located in adopting cities open more non-local plants to avoid regulation.

Ever since establishment, FISF has witnessed 39 professors publishing a total of 180 papers in world-famous academic journals, among which 127 academic papers were published on international level-A journals (including A+, A and A-). The teaching team of the school has always upheld the school motto of “Unified FISF, Excellence, Responsibility, Innovation”, devoting themselves wholeheartedly to the academic research work. They manage to maintain a high level of academic achievements in both quantity and quality, which fully reflects the excellent strength of the teaching team of FISF in the field of academic research. In the future, FISF will keep on pursuing international cutting-edge scientific research achievements and continue to make greater contributions to the promotion of first-class financial and economic disciplines.