DBS Bank: Without enough participants, the network effect of blockchain technology cannot be realized

Odaily News Lin Xinchuan, Chief Strategy Officer and Managing Director of DBS Bank, said that DBS Bank's parent bank has been actively exploring the application of blockchain technology. The successful experience is of great reference significance for DBS Bank to promote the integration of blockchain and financial industry in China, especially in Shanghai. As an important trade port city, Shanghai has great potential in blockchain application. Projects that can succeed in Singapore will surely achieve 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 ecological system. Without enough participants, the network effect contained in blockchain technology cannot be brought into play. (DBS Bank official account)