Research report of the Ministry of Industry and Information Technology： The blockchain industrial chain in China has taken initial shape.

　　BEIJING, Beijing, May 21 (Reporter Liu Yuying) The "White Paper on Blockchain Industry in China in 2018" released by the Information Center of the Ministry of Industry and Information Technology of China on the 20th said that the blockchain industry in China is in a high-speed development stage and the industrial chain has taken shape.

　　According to the White Paper, by the end of March 2018, the number of blockchain companies with blockchain business as their main business in China had reached 456, from upstream hardware manufacturing, infrastructure and security services to downstream industrial technology application services, to industry investment and financing, media and talent services to ensure industrial development. Companies in various fields have been basically complete, coordinated and orderly, and jointly promoted the industry to move forward.

　　Judging from the geographical distribution of the company, the geographical distribution is relatively concentrated and the industrial agglomeration effect is obvious. Beijing, Shanghai, Guangdong and Zhejiang are still concentrated places for blockchain entrepreneurship, and blockchain enterprises in the four provinces account for over 80%. In addition, China’s top ten provinces with blockchain entrepreneurial activity include Jiangsu, Sichuan, Fujian, Hubei, Chongqing and Guizhou.

　　Judging from the distribution of blockchain industry segments, by the end of March 2018, the number of industry application service companies in blockchain field was the largest, among which the number of companies mainly serving the financial industry reached 86, mainly serving the physical industry. The number of service companies reached 109. In addition, there are more than 40 related companies in blockchain solutions, underlying platforms, blockchain media and community fields.

　　Judging from the distribution of financing rounds, the blockchain industry is still in a very early stage. At present, nearly 90% of investment events are concentrated in the early stage (A round and before), another 9% are strategic investments, and the investment events in B round and after account for only 2%. The development of blockchain industry is in the ascendant.

　　The "White Paper" looks forward to the trend of China’s blockchain industry: First, blockchain has become the forefront of global technology development and opened up a new track for international competition; Second, the blockchain field has become a new hot spot for innovation and entrepreneurship, and technology integration will expand new application space; Third, the blockchain will be widely deployed in the real economy in the next three years and become an important support for the construction of digital China; Fourth, the blockchain creates a new platform economy and opens a new era of sharing economy; Fifth, the blockchain accelerates the process of "trusted digitalization" and drives finance to "get rid of virtual reality" to serve the real economy; Sixth, the blockchain supervision and standard system will be further improved, and the industrial development foundation will continue to be solid. (End)