According to CCTV news, China Logistics and Purchasing Federation recently released the "2019 China Logistics and Supply Chain Industry Blockchain Application White Paper". According to the white paper, the blockchain industry has developed rapidly in the past three years, but there are not many applications on the ground. Among them, logistics and supply chain finance are the largest landing scenarios for blockchain applications, but they are relatively fragmented and lack scale effects. According to the white paper, the blockchain industry has developed rapidly in the past three years, and the number of companies established is much higher than in 2016 and before. As of November 7, 2019, the number of companies involved in the blockchain has exceeded 30,000. Among them, the number of relevant registered enterprises in Guangdong Province exceeded the total of other provinces and cities in the country, accounting for 60.61%. According to incomplete statistics, in 2019, there were 136 landing projects in the logistics and supply chain industry across the country. Logistics and supply chain finance are the largest landing scenarios for blockchain applications, accounting for more than 41.9%. On the whole, there are not many landing projects, more pilot projects, and fewer sustainable projects. In addition, the application scenarios of blockchain in credit system construction, digital assetization, and judicial supervision have yet to be developed. The white paper also states that, as a disruptive information technology, blockchain governments around the world are facing the lack of regulatory standards, inadequate regulatory technology, and lack of regulatory experience. As the government supervision has not yet formed a comprehensive and perfect system, there are still bad practitioners in the industry who use blockchain projects to defraud investment, and illegal fundraisers who borrow the name of "digital currency" to interfere with public perception.