2019 China Blockchain Underlying Technology Platform Development Report: 78% of the originality of the architecture, landing applications focus on three major areas

Article 丨 Interlink Pulse Academy

Reprinted without authorization!

On December 14th, at the 2019 IN-CHAIN ​​Global Blockchain Summit, under the guidance of the Fifth Institute of Electronics of the Ministry of Industry and Information Technology, the “ 2019 China Blockchain Underlying Technology Platform Development Report '' (under the "Report").

This report comprehensively evaluates the 28 domestic underlying technology platforms of the blockchain from the three major latitudes of basic technical capabilities, application capabilities, and social recognition, and finally reaches the final results.

Summary of key points of the report:

1. The report shows that 60% of the 28 underlying blockchain technology platforms have been operating for less than 2 years. Among them, native blockchain companies account for the highest proportion, accounting for nearly 70%. Nine underlying technology platforms are built by large-scale technology companies, and seven technology companies have positioned the development of the underlying blockchain technology platform as their core strategy.

2. From the perspective of R & D investment, 30% of the company's annual R & D investment exceeds 10 million yuan, of which the largest number of companies with R & D investment of 10-20 million yuan each year, large technology companies have absolute capital and talent advantages. In terms of the size of R & D personnel, there are 4 R & D teams with more than 100 people, and about 30% of the companies have more than 50 R & D personnel.

3. In terms of originality of the architecture, nearly 80% of the platforms claim that their underlying architecture is self-developed, but a significant number of these platforms are actually improved fabric architectures.

4. In terms of patents, 50% of the underlying technology platforms have applied for more than 50 patents, and the number of companies with patents ranging from 10-50 is the largest, accounting for about 32%.

5. In terms of performance breakthrough, nearly 50% of the platforms have a total throughput of over 10,000, of which 3 platforms can reach a total throughput of one million. The transaction confirmation speed has been greatly improved. Most platforms can confirm in the second or even the millisecond.

6. Open source is the general trend. Currently, there are 7 underlying platforms that are 100% open source, and 12 underlying platforms implement partial open source.

7. Transaction privacy protection is inadequate. Jiucheng platforms all support privacy protection, improving security from the aspects of identity security, access control, privacy protection and anti-attack, but only 4 platforms have privacy protection measures for on-chain transactions.

8. Landing applications focus on three major areas. Nearly 70% of the platform landing projects have more than 3 application areas. The fields of finance, government affairs, and trade logistics have become indispensable.

The following is the entire report:

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Traditional Finance Titans Embrace Blockchain: A Groundbreaking Collaboration

MAS, JPMorgan, and Apollo demonstrate the potential of blockchain-based tokenization in asset management.

Bitcoin

Bitcoin Takes Off, Leaving Financial Industry Stunned

Bitcoin hits year's peak at $44,000 before dipping back to $43,483.

Market

UBS Joins the Crypto Party: Following HSBC’s Lead

UBS Group, the Swiss investment bank, will now allow exclusive high-earners in Hong Kong to invest in crypto-connecte...

Bitcoin

Hashdex has released an advertisement prior to the approval of its spot Bitcoin ETF.

The Bitcoin ETF advertisement from Hashdex exudes a nostalgic charm reminiscent of the early days of the internet, ev...

Blockchain

FTX’s Redemption Plan: A Second Chance for Crypto Dreamers

FTX announces revised plan to reimburse creditors affected by bankruptcy with significant payouts.

Market

SEC Caught in a Stalemate on Franklin and Hashdex Bitcoin ETFs Brace Yourself for a Wave of Approvals in January 2024

The SEC's recent announcement indicates that they are considering approving multiple Bitcoin exchange-traded funds (E...