Chan Mo-po: Decentralized AI and blockchain can unlock many new applications and opportunities

Odaily News Hong Kong Financial Secretary Paul Chan said at the 2025 Consensus Conference that the integration of artificial intelligence (AI) and blockchain is exciting. Decentralized AI can unlock many new applications and opportunities. Blockchain technology not only reduces transaction costs, but also improves market transparency, efficiency and accessibility of financial services. Paul Chan warned that rapid technological innovation is not without challenges. When the speed of innovation exceeds the response of regulation, it may create loopholes that lead to major risks. The consequences of the failure of many cryptocurrency exchanges in recent years remind us that we must pay attention to market integrity, investor protection, money laundering and cybersecurity risks. (Hong Kong Wen Wei Po)