"Blockchain is a decentralization technology and we believe in it," said David Liu, chairman of an international networking organization.

The organization will connect its industries around the world with better and more effective mechanisms using the technology, he added.

During the summit, Sino-King Tomm Bo Data Management, a blockchain technology provider, signed a cooperation agreement to aid its industries around the world, transforming their blockchain technologies to increase production efficiency and enhance the industries' brand value at low cost.

Fintech must develop based on traditional finance models to aid in ramping up its competitiveness and must serve the real economy to ensure its development, said Chou Yi, director of the Taiwan Institute of Economic Research.

Finance is the blood of economy that requires innovation to develop with vital energy, Chou said.