Based on the understanding and analysis of the risk regulation strategies at home and abroad, therisk assessment models such as the SMARTChain model, and other capital market risk management models,this paper uses R language and OLS multiple regression method to build the modified model to discuss theimportant factors affecting the risks of block chain application projects. This paper provides a solid foundationand creative thinking for the regulation of the application of Block China via highlighting the importance ofsystematic risk management, technological regulation evaluation and market price fuctuation prediction.