DBS Bank Chief Strategy Officer and Managing Director Lin Xinchuan stated that DBS Bank has been actively exploring the application of blockchain technology, and the successful experiences are of significant reference for DBS Bank in promoting the integration of blockchain and the financial industry in China, especially in Shanghai. As an important trade port city, Shanghai has great potential in the application of blockchain, and projects that succeed in Singapore are likely to achieve even greater success in Shanghai. Lin Xinchuan emphasized that the biggest challenge in the application of blockchain is not the technology itself, but the establishment of an ecosystem; without enough participants, the network effects inherent in blockchain technology cannot be realized.