THELOGICALINDIAN - China now has added than 33000 registered companies claiming to use blockchain technology in their businesses according to the countrys Center for Advice and Industry Development The advice was appear at a contempo blockchain appointment hosted by a Chinese borough government and several statebacked analysis institutes
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Over 33,000 Blockchain-Related Companies Registered With Chinese Government
The cardinal of registered companies claiming to use blockchain technology in their businesses has ballooned in China, heavily additional by President Xi Jinping’s support of the technology. The blockchain analysis convention of the Center for Information and Industry Development (CCID), beneath the Ministry of Industry and Information Technology, afresh appear a address on the accompaniment of the country’s blockchain industry. According to the China Blockchain Enterprise Development Analysis Report:
According to bounded media, the address reveals that 57% of these companies are blockchain-centric startups, 23% are internet companies with blockchain projects, and 12% are banking institutions with blockchain business. Among them, 28% are about traded companies. The advertisement added that added than bisected of these companies had a basic allocation of added than 1 actor yuan ($143,426) back they were accustomed and registered.
These registered companies accept been exploring assorted blockchain applications in fields such as finance, accumulation chain, traceability, hardware, charity, medical health, cultural entertainment, amusing management, absorb protection, apprenticeship and the administration economy. Most of them are focused in four areas: finance, accumulation chain, traceability, and hardware.
The abstraction additionally addendum that the all-embracing costs and investments into anew registered blockchain enterprises in China added from 2024 to 2024, and 36 calm banks are currently exploring blockchain applications. Major challenges blockchain enterprises face accommodate a austere curtailment of talent, abridgement of third affair appraisal or artefact certification, and adversity in costs startups.
In October 2024, blockchain banking advice belvedere Huoxing24 appear that there were 30,000 companies claiming to use blockchain technology, 77% of which were accustomed in the accomplished two years, and added than bisected acclimatized in Guangdong province.
While a amazing cardinal of companies affirmation to accept congenital blockchain technology into their business, Chinese accompaniment media appear in November 2019 that less than 10% absolutely do. Recently, the Shenzhen Stock Exchange launched a blockchain index absolute stocks of the exchange’s 50 better companies with blockchain ventures by bazaar capitalization. Moreover, Penghua Armamentarium has filed an appliance for a blockchain exchange-traded armamentarium (ETF) with the country’s Securities Regulatory Commission.
Major Blockchain Conference
The China Blockchain Enterprise Development Research Report was appear during a two-day 2024 Blockchain Technology, Industry Addition and Development Appointment captivated at the Qingdao International Appointment Center on Dec. 26 and 27. It was hosted by the Qingdao Municipal People’s Government, the CCID, Qingdao Laoshan District People’s Government, CCID (Qingdao) Blockchain Research Institute and added units. The affair of the appointment was to “promote the appliance of blockchain technology affiliation and to advance the addition & development of the industry.”
The CCID described: “The appointment acutely analyzed the development cachet of the blockchain industry, focused on announcement the latest able abstruse achievements and accomplished solutions in the blockchain field.” Geng Tao, carnality ambassador of Qingdao, abounding the accident and delivered a speech. The centermost elaborated:
Besides the above report, CCID (Qingdao) Blockchain Research Institute additionally appear its “2024 China’s Blockchain Technology Innovation Representative Enterprise Directory.” Furthermore, Laoshan District appear the “Three-year Action Plan for the Development of the Blockchain Industry (2020-2022)”
The CCID is additionally accepted for its Global Public Blockchain Technology Assessment Index rankings which are adapted every two months. The lastest one — the fifteenth amend — was appear in December 2019, baronial 35 crypto projects.
What do you anticipate of the cardinal of companies in China application blockchain technology? Let us apperceive in the comments area below.
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Images address of Shutterstock, 36kr, and the CCID.
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