Blockchain -- a technology that allows for the fast, secure and transparent transfer of digital goods, including money and intellectual property -- has provoked a lot of debate in financial circles recently. Still in its infancy, it has its admirers and critics. But let's hear what some experts at the Boao Forum think of the budding technology.

LI LIHUI FORMER PRESIDENT, BANK OF CHINA "Block chain technology in China witnessed two major breakthroughs in its application in the finance sector. First, it has built connections between multiple dimensions of networks. It enables spontaneous communication among participants involved in a complicated multilateral deal. Second, a platform for registering and verifying credible information is established. This platform can be used for financial purposes, and also in other sectors."