Hangzhou Blockchain Industry and Park Development Report: 1,611 registered blockchain companies, layout of 6 major blockchain industrial parks

This report was jointly released by the Zero One Think Tank & Digital Asset Research Institute

Author: Zhao Jing

Hangzhou is considered to be one of the "Top Four China's Blockchain Innovative Cities", and it is at the forefront of cities across the country in the research and application of blockchain technology. Whether it is the government's emphasis or the company's innovation enthusiasm, Hangzhou has shown unlimited vitality. A number of blockchain organizations led by the government or enterprises have been established one after another to provide platforms and resources for the industrialization of blockchain technology Support.

In terms of the development and construction of the blockchain industrial park, Hangzhou's district governments have issued special policies to support and assist in housing supplements and talents. In 2017, the country's first blockchain industrial park was established. As of now, six blockchain industrial parks in Hangzhou have officially put into operation, ranking first in each city with Guangzhou.

This report is part of Zero One Think Tank's regional industry development research. This series of studies will form a series of blockchain regional development reports and research through the study of the regional blockchain industry development environment, policies, and achievements in the country. The case report of the park, combined with various factors, ranks the national blockchain industrial park.

I. Industrial Background of Hangzhou Blockchain Development

In terms of information economy and digital economy construction, Hangzhou has been relatively active. In 2014, Hangzhou issued "Several Opinions on Accelerating the Development of the Information Economy." Smart economy innovation city. Establish six core industries including e-commerce, cloud computing and big data, the Internet of Things, Internet finance, smart logistics, and digital content, as well as software and information services, electronic information product manufacturing, mobile Internet, integrated circuits, information security, and robotics. Big focus areas.

In 2016, Hangzhou proposed in the "thirteenth" five-year plan for national economic and social development: build a modern industry led by the information economy, led by modern services, supported by advanced manufacturing, and based on urban modern agriculture. The new system promotes the industry to move towards the mid- to high-end. Establish the goal of developing a trillion information industry clusters, as well as cultural, creative, tourism and leisure, financial services, health, fashion, and high-end equipment manufacturing.

For the rapid development of blockchain technology in recent years, Hangzhou is also actively exploring, and the large-scale environment of informatization construction provides a good atmosphere for the cluster development of new technology industries such as blockchain and big data.

(I) Economic Development

Hangzhou's economy has maintained a relatively stable growth trend from 2015 to 2018, and the average growth rate of the city's GDP over the four years has reached 10%. Especially the secondary and tertiary industries.In 2018, Hangzhou's secondary and tertiary industries accounted for 34% and 64% of the city's GDP, respectively. Compared with 2015, the growth rates of the two reached 17 % And 47%. This economic structure shows that Hangzhou's economic development contains a strong ability to innovate, and it is also conducive to the gestation and growth of new technologies in this region.

Figure 1: Development of Hangzhou's three major industries from 2015 to 2018 (Unit: 100 million yuan)

Data source: Hangzhou Statistical Yearbook, Zero One Think Tank

Since the city of Hangzhou explicitly proposed to vigorously develop the six core industries and six key areas in 2014, the digital economy has achieved rapid development. From 2015 to 2018, the development of Hangzhou's digital economy has maintained a continuous growth trend every year. In 2015, the growth rate reached 25%. Although the growth rate has slowed in the past two years, the economic aggregate is still growing steadily.

Figure 2: Development of Hangzhou Digital Economy in 2015-2018

Data source: Hangzhou Statistical Yearbook, Zero One Think Tank

(II) Research Development

The intensity of scientific research investment is very important for a city's level of scientific and technological development. As a city with more active development of new technologies, Hangzhou has also maintained a high level of scientific and technological investment.

Statistics show that Hangzhou's financial science and technology expenditure in 2018 was 11.8 billion yuan, a year-on-year increase of 28%. From 2014 to 2018, the city's R & D expenditures in Hangzhou continued to increase, reaching 46.425 billion yuan in 2018, an increase of 69% compared to 27.4 billion yuan in 2014. The proportion of R & D expenditure in the city's GDP also increased from 2014 The annual increase of 2.98% to 3.4% in 2018.

As for the industries above designated size, the R & D expenditure of this type of enterprises has also maintained a steady growth trend. In 2018, the R & D expenditure of industries above designated size reached 26.828 billion yuan, an increase of 51% over 2014. In the main business income, The proportion has also increased year by year, accounting for 1.89% in 2018. This shows that the city's emphasis on scientific and technological research and development has not been relaxed, but has grown more and more.

Figure 3: Research and Experimental Development Expenditure of Hangzhou City, 2014-2018 (Unit: 100 million yuan,%)

Data source: Hangzhou Statistical Yearbook, Zero One Think Tank

Hangzhou's active economic and technological development has also brought more patent achievements to the city. The data shows that the number of patent applications and grants in Hangzhou has increased significantly from 2014 to 2018. As of 2018, the number of patent applications in the city reached 98,396, an increase of 103% over 2014, compared with 2017. Increased by 30%; the number of patents granted in 2018 was 55,379, a year-on-year increase of 31%. In terms of patent types, the number of applications and grants of utility model patents is relatively high, accounting for 46% and 56% in 2018, respectively.

Figure 4: Hangzhou Patent Situation from 2014 to 2018

Data source: Hangzhou Statistical Yearbook, Zero One Think Tank

(3) Talent development

In terms of talent development, in 2018, Hangzhou implemented a new round of talent projects such as the "521" plan for global recruitment, and introduced 114,000 high-level talents, fresh college graduates and other talents, an increase of 16.2%. As of 2018, there are 40 colleges and universities in Hangzhou, with nearly 500,000 students. The number of graduated students has also increased significantly compared to 2015. In 2018, the number of graduates in Hangzhou's universities and colleges exceeded 130,000, of which 15,770 were graduate students, accounting for about 12%. This abundant human resource is also an indispensable soft strength for Hangzhou's economic and technological development.

Figure 5: Number of graduates from universities in Hangzhou 2015-2018

Data source: Hangzhou Statistical Yearbook, Zero One Think Tank

2. Hangzhou Blockchain Industry Policy

Hangzhou's emphasis on the development of the blockchain industry has gradually increased, and it is also the first city in the country to explicitly write the blockchain into the government work report. In the 2018 government work report of Hangzhou, it was proposed in the 2019 key work plan to accelerate the high-quality development of the digital economy and manufacturing industry. Focusing on creating the first city of the digital economy, more attention is paid to digital technology innovation and applications, and vigorous development of 5G Emerging industries such as commercial, integrated circuits, blockchain, quantum technology, and the Internet of Things will accelerate the application of scenarios and strengthen the support of Hangzhou's digital economy.

Various regions in Hangzhou have also actively responded to the call and have taken measures to support the development of the blockchain industry. Although some regions have not explicitly issued relevant policies and regulations, they have also organized activities such as blockchain competitions for the industry. Support development.

Table 1: Hangzhou Blockchain Industry Policy

Source: Public information, Zero One Think Tank

3. Achievements of Hangzhou Blockchain Industrialization

(I) Blockchain organization

In terms of the exploration and research of blockchain technology, Hangzhou has always been at the forefront of cities across the country. The city's economic innovation capacity is extremely active. Blockchain organizations or research institutions led by governments, enterprises and universities have been established, relying on advanced development. Economic environment and technological foundation, these research institutions are committed to in-depth research on the underlying architecture, industrial applications, and strategic development layout of blockchain technology, which has further promoted the development process of the city's digital economy.

Table 2: Hangzhou Blockchain Organizations and Research Institutions

Source: Public information, Zero One Think Tank

(2) Blockchain Industry Investment Fund

On April 9, 2018, at the launching ceremony of the "Hangzhou Blockchain Industrial Park in China" hosted by the Management Committee of Zhejiang Future Science and Technology City (Haichuang Park), the company also announced the establishment of the "Xionggan Global Blockchain Ten Billion Innovation Fund" "This is the country's first 10 billion yuan-scale blockchain innovation fund.

According to the data, the total scale of funds raised by the "Xionggan Global Blockchain Ten Billion Innovation Fund" is RMB 10 billion. 30% of the funds are jointly funded by Yuhang Golden Control, Hangzhou Future Technology City and other government-led funds. Managed by Xiong'an Fund Management Company. The establishment of the Blockchain Industry Fund helps to promote the development of blockchain technology with capital, and thus contributes to the innovation and construction of the digital economy in the new era.

(Three) blockchain application

While accelerating the research and exploration of the underlying technology of the blockchain, the application scenarios of the Hangzhou blockchain are becoming increasingly rich. At present, Hangzhou's blockchain technology has achieved good results in the application of intellectual property protection, cross-border payments, lottery systems, and supply chain finance. On December 24, 2019, the world's first trusted IoT ecological blockchain module "Internet of Things 1" was released in Hangzhou, once again adding a strong stroke to the development of Hangzhou's blockchain applications.

Table 3: Blockchain application scenarios in Hangzhou

Source: Public information, Zero One Think Tank

(IV) Distribution of Blockchain Industrial Park

According to incomplete statistics of the Zero One Think Tank, as of now, there are 40 blockchain industry parks in the country. From the geographical distribution, there are already 7 blockchain industry parks in Guangdong and Zhejiang Province, which are ahead of other provinces; From the perspective of city distribution, Guangzhou and Hangzhou each have six, and they are also in a leading position in cities across the country. Shanghai has a total of four blockchain industrial parks, which closely follow Guangzhou and Hangzhou.

Figure 6: Regional distribution of national blockchain industrial parks

Data source: Zero One Think Tank

As far as Hangzhou is concerned, in the construction of a digital economy, Hangzhou has always been at the forefront of mainline cities. For the agglomeration and development of the blockchain industry, Hangzhou's district governments are also actively supporting and assisting in all aspects. After the Xixi Blockchain Industrial Park was officially launched in April of last year, Xiaoshan District, Yuhang District, and Xiacheng District also became the main choices for the settlement of the Blockchain Industry Park last year. At present, there are two blockchain industrial parks in Hangzhou, one in each of Xiaoshan District and Yuhang District, and one each in Xihu District and Xiacheng District.

Figure 7: Regional distribution of Hangzhou Blockchain Industrial Park

Source: Zero One Think Tank

(V) Situation of Blockchain Enterprises

From the perspective of the development of blockchain companies, the number of registered blockchain companies in Hangzhou has been increasing from 2010 to 2019, especially in 2018, the number of newly registered blockchain companies in the city reached 717, an increase The rate is 153%. As of December 2019, the total number of blockchain companies registered in Hangzhou is 1,611, which is an increase of 1,440 compared to 2010. This shows how active the blockchain has been in Hangzhou in recent years.

Figure 8: Registration of Blockchain Enterprises in Hangzhou, 2010-2019

Data source: Zero One Think Tank

From the number of registered blockchain companies in Hangzhou, Xihu District, Yuhang District, and Xiaoshan District are the main choices for blockchain companies. The number of registered blockchain companies in the three regions is 305, 257, and 200. This is consistent with the relatively active development of the blockchain industrial parks in the three regions. Policy support and the degree of industrialization are all important factors that attract blockchain companies to settle in these regions.

Figure 9: Registration of Blockchain Enterprises in Hangzhou

Data source: Zero One Think Tank

Cases of Hangzhou Blockchain Industrial Park

(1) Xixigu Blockchain Industrial Park

Xixigu Blockchain Industrial Park is the first blockchain industrial park in the country. It landed in Hangzhou Xixigu Internet Finance Town in April 2017. It is close to the commercial and residential area of ​​the west of the city. The natural environment is superior. The two landscapes of Tianmushan Road and Xixi Road The avenue runs through it, and the characteristic industry agglomeration effect represented by Internet finance and technology companies is obvious, which provides the natural advantages of environment, talents, industry, capital, and policies for the development of Xixigu Blockchain Industrial Park.

The Internet Finance Town relies on Zhejiang University, Zhejiang University National University Science Park, and key projects of the Ali Department and Zhejiang Business Department to gather a group of innovative and entrepreneurial enterprises and talents. At present, key enterprises such as Alipay, E-commerce Bank, Ant Financial, Online Financial Club, and Sesame Credit have been gathered, and a large number of institutions such as Zhejiang Blockchain Technology Application Association, Hangzhou Blockchain Technology Federation, and FunChain Technology have also gathered. Has entered the park, this highly developed industrialization form has established a good industrial environment for the construction of Xixigu Industrial Park.

In terms of policy, the specific policy of the Blockchain Industrial Park issued by the West Lake District Government, “Policy Opinions on Building a Xixigu Blockchain Industrial Park (Trial)”, puts forward clear incentives and support measures for enterprises and talents entering the park. Further promoted the innovation and application of blockchain technology, and accelerated the industrialization of blockchain in the area.

(II) Hangzhou Blockchain Industrial Park

In November 2018, the Hangzhou Blockchain Industrial Park jointly created by the Xiaoshan Qianjiang Century City Management Committee and Hangzhou Daily Newspaper Group (China Media Holdings) was held at the opening ceremony of the "Reconstructing the World · 2018 Blockchain New Economy Hangzhou Summit" Officially debuted. This industrial park is located in Wanhe International, the landmark of Qianjiang Century City, close to the exit of Qingchun Crossing River Tunnel, and only 5 minutes drive from the core area of ​​Qianjiang New City, covering an area of ​​16,000 square meters.

Relying on Qianjiang Century City and Hangbao Group, Hangzhou Blockchain Industrial Park has great advantages in terms of blockchain technology development platform, blockchain professional media support, and community resource linkage. The operator of the park, China Media Holdings, actively builds a high-quality community, revitalizes the Hangzhou blockchain industry resources through strategic cooperation, resource mutual guidance, and other methods, and provides more head-to-head companies and capital market connections for the Hangzhou blockchain industry park. Opportunities to promote the industrial development of enterprises in the park.

Currently, ITU Digital Currency (China) Lab, Global Video Aggregation Trading Platform, Shanghai Tianjige Technology Co., Ltd., Qianjing Technology Co., Ltd., Hangzhou Yunxiang Network Technology Co., Ltd., Gongxinbao, Hangzhou Julink Technology Co., Ltd., Zhejiang Huamedia Information Communication Co., Ltd., Zhejiang Huamedia Investment Co., Ltd., Hangzhou Firebird Blockchain Co., Ltd. and other companies have settled in the Hangzhou Blockchain Industrial Park.

(3) Hangzhou Blockchain Industrial Park, China

In April 2018, the Hangzhou Blockchain Industrial Park in the Future Science and Technology City of Yuhang District, Hangzhou, officially launched. The first batch of 10 blockchain industry companies signed in, including Jiafu Technology, Skyspace Blockchain, and Zhizi Technology. Wait.

At the launch conference, the "Xionggan Global Blockchain Ten Billion Innovation Fund" was also officially established. This fund is composed of government funding such as Future Technology City and public fundraising. It is used to invest in and introduce high-quality blockchain projects, while providing sufficient financial support for blockchain technology exploration.

The Hangzhou Blockchain Industrial Park in China takes the creation of a global blockchain industrial highland as a development goal. On the one hand, it is necessary to build a unicorn enterprise on the blockchain, and on the other, it is to further attract talent. In recent years, the Yuhang District Government has attached great importance to the development of technology industries such as blockchain, and has continued to attract high-quality talents and outstanding technology enterprises through preferential policies such as housing subsidies and fund support. This has provided the development of the Hangzhou Blockchain Industrial Park in China With a good policy environment, the establishment of the industrial park has further become a platform and carrier for Yu Hang to seize the opportunities of blockchain development and realize the empowerment of scientific and technological innovation.