Nearly 500 of the mainland blockchain start-ups were mostly established after 2016.

Blockchain has become a topical topic in the mainland ICT market, which not only has caused widespread concern from all parties, but has also set off another wave of entrepreneurship. As of April 2018, there were more than 480 entrepreneurial enterprises and projects in the mainland blockchain, most of which were established in 2016 and beyond.

The research institute IDC recently researched a mainland blockchain platform and selected five representative blockchain platform suppliers, among which Taiyiyun, Zhong'an, Bubi, Fun Chain and Digital Qin Technology were included.

Taiyi Cloud Technology, as the first blockchain company listed on the mainland in the New Third Board, provides a stable underlying infrastructure and common business platform components for blockchain applications in various fields. At present, it has set foot in Dubai, Thailand, Poland, Russia and other countries, and its applications include copyright, food, transportation, medical care, and finance.

Deng Di, chairman of the CCP's Principal Investigator and the chairman of Taiyi Cloud, believes that blockchain technology is not only the result of the fourth industrial revolution, but also the heart of Industry 4.0. Blockchain technology is not a mere technology, but a product of a mix of finance and technology.

In the global new industrial wave based on technology-driven industrial transformation, blockchain technology sweeps across all industries in a way that is different from artificial intelligence (AI), redefining user relationships, business value, industry scale, and ecological models.

It is undeniable that the blockchain technology in the world is in a new stage of research and research. The landing of any technology cannot be separated from the general perception of society. In 2018, as the application of blockchain, the first year of implementation will make a huge leap from proof of concept to full deployment.

Dundee believes that the application of blockchain will first land in the financial infrastructure (such as payment), medical materials, smart manufacturing and the sharing economy. Enterprises should strive to expand the application of blockchain technology and explore new business models while improving existing operational efficiency. At the same time, the policy also actively guides the development of the blockchain industry and enhances international competitiveness and voice.

After the blockchain technology was listed as a major task and key project during the 13th Five-Year Plan period, the Blockchain Research Office of the Electronic Industry Standardization Research Institute of the Ministry of Industry and Information Technology said that the mainland has begun to establish a blockchain national standard to promote the blockchain from the top-level design. The construction of the standard system is expected to be completed as soon as the end of 2019.

The advantage of the mainland's blockchain technology is that the mainland has a very large population base and economic volume. At the same time, the mainland has a very complete industrial chain and application scenarios, and entrepreneurs have a strong sense of innovation and creativity. According to the "China Blockchain Industry Development Report 2018", the number of mainland open patents has increased from 2 in 2014 to 428 in the first seven months of 2017, and the number of blockchain patent disclosures has exceeded the United States.

IDC noted that global blockchain solution spending is expected to reach $2.1 billion in 2018, up 122% from $945 million in 2017. It is expected that the blockchain expenditure will maintain a strong growth rate of 81.2% in the five-year composite growth rate from 2016 to 2021. By 2021, the market size will reach US$9.2 billion.

From the perspective of regional scale, the United States is the world's largest blockchain market, accounting for more than 40% of the global blockchain expenditure; the mainland is the second largest single market after the United States, and its scale will break through in 2021. The US$1 billion, five-year compound growth rate is 95%.

Despite the market's explosive growth, Dundee believes that the real blockchain enterprises should use blockchain thinking and blockchain technology to promote the transformation and revolution of traditional industries, but new players should remain rational. In particular, blockchain enterprises involved in finance and financing should clarify the legal framework and establish a standardized legal and regulatory system or guidance to avoid detours in industrial development.