Research report: Current participants in China's blockchain financial industry include financial institutions, fintech companies and technology service providers

According to financial industry news, recently, market research firm iResearch released the "2019 China Blockchain Financial Industry Research Report" (hereinafter referred to as the "Report"). The report believes that compared with other technologies, there is a need for blockchain and financial industry upgrades. Stronger matching plays an important role in the technological upgrading of the financial industry. The report shows that the current participants in China's blockchain financial industry can be divided into three major categories: banking, securities, and insurance-based financial institutions, fintech companies, and technology service providers. Among them, financial institutions, such as banks, securities, and insurance, rely on rich product systems, and emphasize the implementation of blockchain technology in specific scenarios. Fintech companies use their own standardized technical solutions to achieve external output and internal expansion. Two-wheel drive development; while the third category is technology service providers, such as Tencent, JD.com, Baidu and other technology companies, which focus on the research and development of the underlying technology of the blockchain and export comprehensive technical solutions to financial institutions and some financial institutions. Technology companies. The report also pointed out that the blockchain investment of financial institutions is increasing year by year. It is estimated that by 2022, the blockchain technology investment of China's financial institutions will reach 9.27 billion yuan. It reached 61.8%, 27.3%, and 66.7%.