At the Hainan International Offshore Innovation and Pioneering Demonstration Zone Construction and Blockchain • Digital Asset Trading Technology Innovation High-end Forum, Li Xiaofeng, former director of the Financial Information Research Institute of the Central Bank, delivered a speech entitled "Exploration and Practice of Blockchain in the Banking Industry". Li Xiaofeng said in his speech that the development of blockchain in the financial industry and banking industry has seen large-scale results this year. After several years of research and proof of concept, infrastructure construction is now on the historical agenda. From the perspective of the People's Bank of China, the foundation has been organized. Facilities construction, including testing and certification, is under construction.