On Friday, Chinese President Xi Jinping stressed the role of cyber technology in speeding up economic development and innovation. He said it's essential to promote related research and core technologies, to give China an edge in the sector. Xi believes blockchain can play a key part in the real economy, as it helps address financing difficulties and financial risks. President Xi stressed the role of blockchain development in various economic sectors, so how can it help support economic growth and technological innovation? Liu Chunsheng, associate professor at the Central University of Finance and Economics in Beijing, shares his views with CGTN.