Analysis of the main markets and challenges of the Chinese blockchain industry in 2022

The South Korean blockchain market controls the rate of growth.

From 2016 to 2018, large IT companies on the internet were using blockchain, start-ups entered a broken pattern, and the scale of the company continues to expand. The market share increased from $ 85 million in 2017 to $ 561 million in 2020. Regarding the number of markets, 2020H1 our country provides blockchain technology support, products, solutions and other services, and the number of new blockchain companies with return or exit reaches 303, an increase of 274.07% last year.

In 2016-2020, the number of government applicants for blockchain-related activities increased exponentially. This reflects the growth in government demand and the importance of blockchain.

Most campaign plans focus on the second half.

Judging by the many years of competition and advertising, the government advertising campaign period for blockchain campaigns is focused on the first half of the year, particularly from September to December. The competition was announced in May. . This means that the government has made more business decisions and put in place more support procedures, usually at the start of the year to discuss and develop annual business plans, the recommended work of which has been done after two sessions. , and competitive construction will take place. 7 It starts after the moon.

The Beijing municipal government has the largest blockchain bidding project.

From the perspective of the regional distribution of competition, from 2016 to 2020 more and more governments and research institutes will participate in the competition for blockchain operations, including more and more name. According to the announcement of the competition for Blockchain projects, 8 new provinces will be added by 2020. Regarding the number of offers, the government and research institutes of Beijing and Guangdong are also strong, with all campaigns of prediction. The reason why both places have a solid foundation for growth. Colleges and research institutes have concentrated and they are both pioneers of reform and openness in our country and the forerunner of innovation in information technology.

Acceleration of application development projects

Of the 113 projects that the government has designated, each focuses on four broad categories: application development, related equipment (laboratory equipment, testing platform, etc.), technology research, etc. (feasibility analysis, feasibility study, concept development, consultation, etc.). Given the changing nature of the number of competitive campaigns, the development of competitive campaigns for blockchain application development is accelerating.

Overall, as our country's blockchain technology continues to improve, the use of blockchain-related applications in many industries has accelerated.