[Compliance Consulting Firm Executive: Fully On-Chain Social Welfare is Feasible, Compliance and Sanctions Review are Key Challenges] According to a report by Jinse Finance, Julie Myers Wood, CEO of compliance and monitoring consulting firm Guidepost Solutions, stated that current social welfare programs distributed through traditional methods can be explored for on-chain distribution to improve efficiency and enhance auditability. Wood pointed out that on-chain distribution can accelerate processes, reduce costs, and minimize intermediaries. However, governments still face regulatory challenges such as anti-money laundering (AML), sanctions compliance, and KYC identity verification when issuing tokenized bonds.