Abstract: Purpose/Significance Inter Planetary File System(IPFS) is a high-profile blockchain distributed storage projects that has emerged in recent years, which has good prospects for development. However, due to the absence of regulation, related cases occur frequently.Therefore, it is urgent to build a perfect regulation system. Design/Methodology Through the empirical analysis of judgment documents related to IPFS from 2018 to 2022, the common characteristics of IPFS-related cases are summarized. Then, according to the characteristics of the case, the possibility of future development of IPFS industry is analyzed, and the construction path of future regulation system of IPFS is proposed from the perspective of government, enterprises and citizens. Conclusions/Findings IPFS-related cases have the following characteristics. First, there are two peak periods for IPFS development in China in 2019 and 2021. Second, IPFS-related cases are relatively simple but involve large amounts of money. Third, IPFS-related cases are concentrated around specific areas or specific parties in a specific period of time. In view of the above characteristics, the study points out that IPFS should not be rejected or affirmed outright. From the perspective of the government, it should strengthen the supervision of key targets and pay close attention to the development of the industry. From the perspective of enterprises, they should strengthen the awareness of compliance management and explore technological research and innovation. from the perspective of citizens, they should enhance the awareness of risk prevention and resist speculative behaviour. A multi-pronged approach should be taken to promote the healthy development of the IPFS industry and facilitate the construction of digital economy.