Experts urge focus on strategic applications

Experts urged investors to exercise discretion over projects that claim to use blockchain technology, stressing it does not fit all industries.

Blockchain was originally developed as a digital public ledger for cryptocurrency transactions. Speculation as to blockchain's practical benefits has been rife in recent months, with some analysts discussing whether the much-talked-about technology can actually hold water.

Zhang Shouyi, an academician of the Chinese Academy of Sciences, said: "Investors eyeing the blockchain sector should be far-sighted."