The 2018 International Blockchain Development & Innovation Summit was held by China Big Data Industrial Observation (cbdio.com) in Beijing on April 28.

The poster of the 2018 International Blockchain Development & Innovation Summit in Beijing on April 28 [Photo provided to chinadaily.com.cn]

Many leading experts and elite scholars, renowned investors and enterprise representatives, department heads and overseas specialists exchanged opinions about the evolution and prospects of blockchain technology at the summit.

Genevieve Leveille, founder and CEO of AgriLedger, speaks of the environment and advantages of the UK’s blockchain industry in her speech on April 28. [Photo provided to chinadaily.com.cn]

Zhai Wenjing, co-founder and chief operating officer of cbdio.com, pointed out that the summit was meant to provide a platform for international and domestic forces to seek further cooperation and make greater strides in the blockchain industry.

"We must figure out the logical and internal connections between Bitcoin and blockchain so as to pursue blockchain technology with a clear mind," stressed Wang Yongli, former vice president of the Bank of China, when inaugurating the summit.

Currently appreciated as the finest ground-breaking innovation after the Internet, blockchain technology can improve the transparency, security and accuracy of each transaction, enabling enterprises to build a complete upstream industrial ecosystem.

During the summit, blockchain experts and industrial leaders attended two round-table discussions to brainstorm about the industrial environment, application scenarios and development prospects of blockchain technology.

A round-table meeting themed "constructing the blockchain industrial ecosystem" during the summit on April 28 [Photo provided to chinadaily.com.cn]

Following the insightful discussions was the official release of a specialized online media service run by cbdio.com to provide up-to-date information regarding industrial trends, policy analysis, technical theory and practical application.

"Our purpose is to transmit the information that will regulate and reform the blockchain industry," said Zhai in her speech.

A round-table meeting themed "the application scenarios and development prospects of blockchain technology" takes place during the summit on April 28. [Photo provided to chinadaily.com.cn]