The “Report on the Chinese Blockchain Industry 2019-2024” report has been added to ResearchAndMarkets.com’s offering
blockchain industry is one of the newer industries in China and is
intimately connected to the use of cryptocurrency. Blockchains serve as a
ledger for cryptocurrency transactions as with every transaction a new
block of data is formed to record the data of the transaction.
Blockchain companies first began to appear in 2014, with the number of new blockchain companies rising substantially in 2016. Over 100 blockchain companies were formed in 2016, with the blockchain startup frenzy reaching its peak in 2017. A total of 178 companies were formed in 2017. Blockchain industry investments also became more frequent in 2017, with close to 100 investments in 2017 alone.
Most blockchain companies are located in Beijing, Shanghai, Guangdong and Zhejiang. There is a total of 175 blockchain companies in Beijing, while Shanghai has a total 95 companies. Guangdong has a total of 71 companies, while Zhejiang has 36. Other provinces with a notable concentration of blockchain companies include Jiangsu, Sichuan, Hubei, Chongqing and Guizhou.