In October 2019, after President Xi proposed to take blockchain as an important breakthrough in independent innovation of core technologies, the development of China’s blockchain industry entered a new period. In terms of the overall industry scale, the scale of China’s blockchain industry grows significantly in 2020, especially in the second and third quarters.
The number of blockchain enterprises also grows significantly in 2020 compared with 2019, distributed in various areas of the industry chain, promoting the improvement of blockchain industry structure. In addition, the number and scale of China’s blockchain industry development funds continue to expand, with a total of 18 industry development funds with a total scale of over 45 billion yuan by the end of 2020.
The scale of industry has increased significantly, with rapid growth in the second and third quarters
According to the research statistics of Sadie Blockchain Research Institute, with a large amount of capital investment in 2018 and 2019, China’s blockchain industry has a certain scale. 2020, although affected by the global outbreak of the new crown epidemic, China’s blockchain industry is growing steadily, and the industry scale reaches 4.815 billion yuan for the whole year of 2020, which is significantly higher than that of 2019.
From the blockchain industry scale by quarter, it can be seen that the growth of China’s blockchain industry in 2020 is mainly in the second and third quarters, with year-on-year growth rates reaching 466.67% and 976.92%, respectively. From the growth rate, it can be seen that China’s blockchain industry grows more rapidly in 2020, with a quarterly year-on-year growth rate of more than 100%.
Rapid increase in the number of enterprises and relatively focused industry chain structure
In 2019, the number of new enterprises of blockchain in China is only 81. In 2020, against the background of continuous improvement of blockchain technology, gradual clarity of blockchain industry chain and increasing number of blockchain applications on the ground, people’s cognition of blockchain tends to be rational, and the scale and competitive strength of blockchain enterprises continue to upgrade.
In terms of the scale of enterprises, according to the research and statistical data of Sadie Blockchain Research Institute, by the end of 2020, there were 1,384 blockchain enterprises providing blockchain professional technical support, products and solutions, and having input or output in China.
The business distribution of enterprises in the upstream, middle and downstream of the blockchain industry chain shows that most of the enterprises’ business areas involve multiple fields and present a multi-directional synergistic development trend. Comparing the business distribution of enterprises in the upper, middle and lower reaches of the industry chain, the midstream general application and technology expansion layer and the downstream vertical industry application layer account for a relatively large share, accounting for 35.11% and 37.23% respectively, while the upstream underlying technology and infrastructure layer accounts for 27.66%. This shows that China’s blockchain industry chain has basically formed, and the distribution of enterprises in each link is more balanced.
The number and scale of industrial development funds continue to expand, with a total scale of more than 45 billion yuan
According to statistics, as of the end of 2020, a total of 18 blockchain industry development funds have been established by 9 provinces, 11 cities and 1 foundation, with the total scale of disclosed funds reaching up to 45.7 billion yuan. Judging from the number of years of industry funds established, the total fund scale and the target positioning, blockchain industry funds in 2018 and before mainly focus on project and application development, while blockchain industry funds in 2019 focus more on seeking and helping blockchain enterprises to develop at multiple levels, so as to establish a perfect blockchain ecological service system.
And in 2020, based on 2018 and 2019, the Blockchain Industry Fund will focus more on the core innovation capability of enterprises, high-end talent input and cultivation work to build a high-quality, high-level and high-performance blockchain industry ecosystem.
For more data to come, please refer to the Foresight Industry Research Institute’s “China Blockchain Industry Market Foresight and Investment Strategic Planning Analysis Report”, while the Foresight Industry Research Institute provides solutions for industrial big data, industrial planning, industrial declaration, industrial park planning, industrial investment attraction, IPO fundraising feasibility study, prospectus writing, etc.
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