The 22nd Deshengmen Lecture Hall and the first annual meeting of the China Blockchain Application Research Center were recently held at the All-China Federation of Industry and Commerce. Guo Yuhang, director of the China Blockchain Application Research Center, released the "China Blockchain Industry Report 2020" on the spot. The report shows that in 2019, there were more than 11,000 companies with "blockchain" in China's newly added business scope. The number of Chinese blockchain invention patents ranked first in the world. However, China's blockchain development still faces three major challenges, including application value to be proven, regulatory technology to be matched, and blockchain talent training to be complemented.