Blockchain in Shenzhen: More than 2,000 new companies are added a year, small and micro enterprises are the main force

At 9 o’clock in the morning, the sun had just risen, and on the sidewalk in the east, west, north and south sides of the Dasha River in Shenzhen, there were hurried young faces flowing.

Here is the Shenzhen Bay Technology ecological park, is one of the gathering block chain enterprises in Shenzhen City, here are the head of corporate block chain micro-public banks, but also hundreds of small and medium micro enterprises block chain.

At 10 o’clock in the morning, Xiao Wang, dressed in casual clothes and fluffy hair, walked into the 5 office buildings of the Ecological Park. He is a technician of a blockchain company and is responsible for the development of the underlying architecture. Just work.” He likes this job very much, “I am very free and feel like I am changing the world.”

At 2:30 in the afternoon, the Great China International Exchange Square , Futian District , the Shenzhen Information Service Industry Blockchain Association (hereinafter referred to as “Deep Chain Association”) office was very lively, on the one hand was the association’s chairman Zheng Xiangqi and several Meta universe companies. People from all walks of life are talking about the present and future of Metaverse. On the other side is the executive director of Qianhua Digital Art Research Institute Zeng Renjie and colleagues discussing the project’s landing plan. In addition, there are endless visitors from all walks of life, sitting casually Drink tea and wait for a chat.

Directional Zheng said: “every day, if there is a block chain line everyone’s business office, I was responsible for the teapot.”

The city of Shenzhen has the characteristics of tolerance and innovation. After the emergence of blockchain as an emerging technology, it soon landed and took root in Shenzhen, and grew rapidly at the “Shenzhen speed”.

More than 2,000 blockchain companies were added a year

At 9 p.m., Xiao Wang talked to the customer and took a taxi home. When he got off the bus, he habitually used WeChat to pay and asked the driver to print the invoice, but the driver reminded him that he can now issue an electronic invoice through the WeChat payment result page. It will be more convenient. After Xiao Wang confirmed the authenticity, he got out of the car.

The support of blockchain technology is indispensable for this scenario. The “WeChat Pay Blockchain Invoice” function was jointly launched by the Shenzhen State Taxation Bureau and Tencent . It uses the underlying technology of the blockchain to deposit evidence to achieve complete invoice traceability and non-tamperability. It has the same effect as a paper invoice.

At present, Shenzhen’s blockchain companies are involved in almost all industries such as finance, government affairs, people’s livelihood, and medical care, and blockchain technology has also entered all aspects of citizens’ lives.

According to Xinhuanet , in August 2018, Tencent jointly issued the nation’s first blockchain electronic invoice with the Shenzhen Taxation Bureau and Gaodeng Technology . In early 2021, the international standard “Recommended Procedures for the Application of Electronic Invoices Based on Blockchain Technology” led by the Shenzhen Taxation Bureau and Tencent was officially confirmed and released by IEEE-SA, becoming the world’s first international standard for the application of electronic invoices based on the blockchain.

Shenzhen has been exploring blockchain technology very early. According to public information, as early as 2010, Shenzhen registered 11 blockchain-related companies. Since then, the number of blockchain companies registered has grown rapidly, and the growth rate reached its peak in 2018, with 2613 new blockchain companies being added in one year.

As of November 19, there are 93,000 surviving blockchain companies in the country, and Shenzhen has more than 8,700, accounting for almost one-tenth of the country.

Zheng Xiangxiang said that the most important reason why blockchain companies gather in Shenzhen is that Shenzhen has a good ICT (Information and Communication Technology) foundation. “There are talents, funds, markets, and many opportunities. This is very beneficial to the development of blockchain companies. “.

Shenzhen is considered to be the “Silicon Valley of China” and is one of China’s largest semiconductor industry bases. It has a complete and efficient ICT industry chain and also gathers leading companies such as Huawei and Tencent.

Zheng Xiangxiang said that Shenzhen has a large number of leading companies, which is an advantage, but the real support of Shenzhen’s blockchain industry is more dependent on small, medium and micro enterprises.

According to statistics, there are 8,700 existing blockchain companies in Shenzhen, while only more than 3,600 have a registered capital of more than 10 million yuan, accounting for 38%, while those with a registered capital of less than 5 million yuan account for 43%.

According to the “Domestic Blockchain Information Service Filing List (Sixth Batch)” recently released by the Cyberspace Administration of China, Shenzhen has 16 service projects selected, of which 9 service projects are owned by enterprises with a registered capital of 10 million yuan or less. Report, accounting for more than half.

Tolerate innovation and give opportunities for fault tolerance

“Shenzhen has a good entrepreneurial environment, concentrated industries, convenient technical communication, and easy recruitment.” said Zhang Yi, founder and CEO of Kuchain Technology.

Kuchain Technology is a blockchain startup company that has just been established for one year, focusing on the research and development of blockchain technology. According to the company’s investigation , the registered capital of Kuchain Technology is 1 million yuan.

Zhang Yi previously worked in Guangzhou. After starting his business in Shenzhen, he enjoyed different convenience and thoughtfulness: KuChain was invested and incubated by the Greater China Blockchain Incubator, office space, desks and chairs are readily available, and office non-core positions such as Finance, HR, assistants, etc. are shared with Greater China, and company registration and taxation are also very convenient.

Zhang Yi said: “I don’t need to spend too much time and energy on non-core business, I can concentrate on developing my core competitiveness.”

In Zhang Yi’s eyes, the difference between “Shenzhen” and “No Shenzhen” is “convenient and caring, will not set up obstacles artificially, and can put yourself in consideration for me”. Once, Zhang Yi had to apply for a work permit that was valid for one year. In the last link, the staff reminded that “the validity period can be up to 5 years” and immediately changed it for him.

Zhang Yi concluded: “It reduces my troubles and improves my efficiency.”

Shenzhen’s industry concentration is also a place that Zhang Yi values. He said: “The opportunities for face-to-face communication have greatly increased, and the opportunities for upstream and downstream cooperation have also increased. For example, I was exposed to BSN when I was communicating with the Deep Chain Association, and finally created opportunities for cooperation. “In June 2021, Kuchain Technology was selected by BSN as the fourth largest framework technology supplier, and cooperated with BSN to build the Tangshan Chain.

The Deep Chain Association organizes exchanges and learning with blockchain companies almost every month. Once, Zhang Yi met the CTOs of two other companies and discussed technology together. “, Zhang Yi said several idioms in one breath, which seemed not enough to describe the ideological confrontation.

Zheng Xiangxiang said: “The important reason why blockchain companies gather in Shenzhen is that Shenzhen has an innovative and tolerant atmosphere. Here, the government will not interfere too much and enterprises can develop freely.”

Yao Wang, sales director of Dinglian Digital Technology, also expressed a similar view: “Shenzhen is an inclusive city, which can give enterprises some opportunities for fault tolerance. This encourages enterprises to innovate, and enterprises dare to innovate. Shenzhen has many related associations and entrepreneurs. There are many opportunities for exchanges and learning on platforms such as forums and exchange activities, and many good ideas are collided when interacting with others.”

Dinglian Digital Technology is a company focusing on technology research and development. Its business is mainly divided into two sectors: cryptography and blockchain. Dinglian Digital has an independent research and development of open source alliance blockchain platform Julong Chain, and it is located in Shenzhen, Tianjin and other countries. There are landing applications in many places.

Zhang Yi also has a deep understanding of Shenzhen’s tolerance. “In other places, it’s far away from the red line or even has nothing to do with the red line. Someone will bother you. In Shenzhen, as long as you don’t step on the red line, it’s fine. There are fewer new opportunities and innovations.”

Zhang Yi is a foreigner. He could hardly register a company legal person in some places before. In Shenzhen, it took him less than two weeks to complete the company registration. “Shenzhen is friendly and open-minded to foreigners. It will not give super national treatment, but it will not make things difficult.”

Government support

The rapid development of blockchain companies in Shenzhen has also benefited from the support of Shenzhen governments at all levels for the development of blockchain.

As early as October 2016, Shenzhen’s “Thirteenth Five-Year Plan for the Development of the Financial Industry” clearly stated that it supports financial institutions to strengthen research and exploration of emerging technologies such as blockchain and digital currency.

In the Third World here two months ago, Shenzhen Qianhai organized by young creators on the industry forum, the Assistant Secretary for Administration of the sea before Zhang Shaohui openly said that “block chain” second revolution, the Internet held before the sea ” “Blockchain” thematic forum, and initiated the establishment of the Qianhai International “Blockchain” Ecosphere Alliance, aiming to integrate resources in technology, capital, application and other aspects to provide a strong impetus for the development of “Blockchain”.

Since then, Shenzhen’s policy documents have frequently mentioned “blockchain”, encouraging the development of blockchain in various fields, and providing actual funding in terms of funds, such as the “Shenzhen Supports the Development of the Financial Industry” in September 2017. “Several Measures” proposes to set up special awards for financial technology, focusing on awarding outstanding projects in the fields of blockchain and digital currency, with an annual award of up to 6 million yuan.

After 2020, Longhua, Futian and other districts have also issued special policies to support the development of blockchain, providing comprehensive support for blockchain companies including settlement, property, technology, and funds.

For example, the “Several Measures to Support the Development of the Blockchain Industry” issued by Longhua District in February 2021 proposes to support up to 3 million yuan to the blockchain companies that have obtained fund investment and shareholding, and the annual operating income reaches 10 million yuan and 5,000 yuan for the first time. For those above RMB 100 million and RMB 100 million, rewards of RMB 1 million, RMB 2 million, and RMB 5 million will be given respectively.

In addition, due to the status of Shenzhen as a special zone, the state has also issued relevant policies to encourage the development of Shenzhen’s blockchain industry. In August 2019, the Central Committee of the Communist Party of China and the State Council issued the “Opinions on Supporting Shenzhen to Build a Pilot Demonstration Zone of Socialism with Chinese Characteristics”. The opinions put forward support for the development of innovative applications such as digital currency research and mobile payment in Shenzhen, and take the lead in promoting the internationalization of the renminbi Try first to explore and innovate cross-border financial supervision. The People’s Bank of China’s digital currency pilot, trade financing platform, blockchain bill platform, and foreign exchange platform are the first to experiment in Shenzhen.

Accurate support urgently needs standards

However, as far as Shenzhen is concerned, the city’s unified support policy is now more needed.

Up to now, 11 cities including Guangzhou, Chengdu, Chongqing, Guiyang, and Changsha have issued special policies to support blockchain at the municipal level, while Shenzhen has only issued district-level blockchain-supporting policies such as Longhua District and Futian District. Special policy.

In 2020, the Shenzhen Municipal Development and Reform Commission took the lead in drafting the “Shenzhen Action Plan for Promoting the Development of the Blockchain Industry (2021-2023) (Draft for Comment)”, but due to various reasons, it was not officially released for implementation.

Zheng Xiangqiang said that the small, medium and micro blockchain companies in Shenzhen actually have a hard time. “Many companies die if they can’t survive, and then continue to die.” He gestured in the air with his fingers and sighed long. Take a sigh of relief.

It is understood that the current blockchain companies that are steadfast in technology development generally need at least more than a dozen technicians, and due to the shortage of blockchain talents, the salary level of blockchain technicians is at least three points higher than that of other programmers. one.

Yao Wang said that there is still an awkward place in the blockchain at present. Everyone says that “everything can be a blockchain”, but when it comes to the real implementation, they find it difficult to accurately match and get the project. Head companies have ample capital and have natural advantages, but for small and medium-sized enterprises, the first consideration is to live first. It is hoped that the government will be able to tilt its policies and increase its support for small and medium-sized enterprises that do things steadily.

Regarding policy recommendations, Zhang Yi said frankly: “I don’t want the government to give money directly. I want to give opportunities and projects. Governments give projects to give SMEs an opportunity to stand out. We need such an opportunity.”

Zheng Xiangxiang said that in general, Shenzhen’s emphasis on blockchain needs to be improved. Guangdong Province currently has five blockchain industrial parks, while Shenzhen does not have one.

On June 7, 2021, the Ministry of Industry and Information Technology and the Central Cyberspace Administration of China jointly issued the “Guiding Opinions on Accelerating the Application and Industrial Development of Blockchain Technology”. The opinions were put forward to build a modern industrial chain, develop blockchain “famous products”, and cultivate areas Block chain “famous enterprises”, create a block chain “famous garden”.

Zheng Xiangxiang said that the Deep Chain Association also wanted to promote a blockchain industrial park in Shenzhen, but it was unable to attract relevant companies to gather because of the lack of relevant subsidies and policy support.

For the future, Zheng Xiangxiang said that only by establishing effective blockchain enterprise identification standards, can the government accurately support practical enterprises. Currently, the Deep Chain Association has jointly formulated relevant standards with dozens of units and believes that this standard will greatly promote The development of Shenzhen’s blockchain industry.

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