Policy “ripens” blockchain application, China's number of landed projects increased by 110% in November

Source: Interchain Pulse

Author: Liangshan Huarong

The "1024 Conference" fully stimulated the vitality of China's blockchain application market.

According to the incomplete statistics of the Interchain Pulse Institute, in November 2019, a total of 86 blockchain application projects were disclosed worldwide, of which 57 were disclosed by China, an increase of about 110% from the previous quarter.

• Research Report | The Status Quo of the Application of Blockchain in the Logistics Industry and the Three Challenges Facing the Landing
• Viewpoint | Rather than technological breakthroughs, asset chaining requires more institutional building
• IMF Liu Yan: Legal definition of digital currency is the basis of regulation

(Source: Interlink Pulse Academy)

In comparison, overseas markets are extremely deserted. In November, the number of blockchain application project disclosures after China was the United States and Japan, with nine and four respectively; Australia, Singapore and Thailand followed closely, with three countries each having two disclosure projects.

(Source: Interlink Pulse Academy)

From the perspective of the main types of projects, of the 86 application projects in November, the number of government departments was the largest, and the enthusiasm of the governments around China was the highest. According to the statistics of the Interlink Pulse Research Institute, 33 of the 86 application projects are government departments, of which 28 are government departments across China, accounting for over 80%.

From the perspective of industry distribution, the blockchain application projects disclosed in November covered 16 areas. Among them, 55.8% of the application projects are concentrated in the financial and government fields, nearly 22.1% of the application projects are concentrated in the three major areas of supply chain management, energy and public welfare, and the remaining 22.1% of application projects are distributed in medical, logistics, trade, aerospace Wait for 11 areas.

(Source: Interlink Pulse Academy)

According to statistics from the Interlink Pulse Research Institute, in November 2019, the number of application projects disclosed in the two major areas of finance and government affairs was 25 and 23, accounting for 29.1% and 26.7%, respectively.

In the financial sector, new projects in November focused on cross-border financial services, supply chain finance, and credit data sharing.

For example, in terms of cross-border financial services, the China Trade Finance Cross-Banking Blockchain Platform, led by the China Banking Association, with 11 head banks and 4 technology companies, has realized the implementation of domestic letters of credit and forfaiting on the chain; The cross-border financial blockchain service platform promoted by the Shanxi Branch of the State Administration of Foreign Exchange officially entered the pilot; the Everbright Bank's cross-chain blockchain Forfaiting Trading Platform (BCFT), which was established by Bank of China, Bank of China, China CITIC Bank, and Minsheng Bank, was officially launched.

In terms of supply chain finance, Bank of China Zhejiang Branch launched a four-party cooperation model of brand owners, distributors, platform service providers, and banks-"Tmall Dealer Supply Chain Financing Products". In terms of credit information sharing, the more representative is the official launch of the Guangzhou Municipal Financial Blockchain Credit Sharing Platform, which is supported by Xunlei Chain.

(Source: Interlink Pulse Academy)

In the field of government affairs, the blockchain application projects in November were mainly focused on taxation, electronic certificates and justice. For example, in terms of taxation, the Shenzhen Traffic Police Bureau issued the first blockchain financial electronic bill; the Tax Service Office of the Nanshan District Tax Bureau of Shenzhen launched a vending machine capable of issuing blockchain electronic invoices; in addition, Thailand's consumption tax The department is about to establish a blockchain-based tax refund system for oil exporters.

In terms of electronic certificates, the Shenzhen Unified Government Service APP "i Shenzhen" launched the "blockchain certificate" service; the Quanzhou Administrative Service Center realized the simultaneous issue of blockchain electronic certificates and physical certificates.

In terms of judicial application, Beijing Chaoyang Court launched an online platform for the management of contradictions and disputes based on blockchain technology; the information platform for sentence reduction and parole independently developed by the Tianjin People's Procuratorate was officially launched in November.

In addition to finance and government affairs, in November, there were more applications in the three major areas of supply chain management, energy and public welfare. According to the statistics of the Interlink Pulse Institute, in November 2019, there were 10, 5 and 4 blockchain application projects in the areas of supply chain management, energy and public welfare.

Among them, supply chain management applications are mostly focused on food, pharmaceutical traceability, and automobile manufacturing and sales. Typical applications such as the Guangzhou Huangsha aquatic product trading market pilot application of blockchain technology to food traceability and sales voucher systems; Shanghai International Pharmaceutical Supply Chain Information Service Platform is unveiled and launched, which provides upstream and downstream enterprises in industries such as imported medical devices and drugs. "End-to-end" and "visual" supply chain information services from source to consumption.

In automotive manufacturing and sales, U.S. blockchain company HashCash Consultants develops a blockchain-based supply chain network to track the origin of minerals such as cobalt, tungsten, and lithium used in automotive and battery production; Lamborghini will Trial blockchain technology in its supply chain operations.

The application of energy is mainly concentrated overseas. For example, Australian blockchain energy company Power Ledger cooperates with power retailer Powerclub to integrate blockchain-based energy trading application virtual power plants (VPP) into Powerclub commercial products. In addition, Power Ledger The company is also piloting a P2P solar trade project in cooperation with Uttar Pradesh (UP), India. And Canada's Homeland Security Agency uses blockchain technology to track oil and gas shipments from the northern border into the United States.

Finally, in the field of public welfare, Guangzhou's first Internet + Smart Library public welfare program was launched, which used blockchain technology to connect donors and interact with the recipient's information to make the donated book public welfare more transparent, warmer and more credible; and Nanjing Jian'ou District The Taoyuanju community has piloted the storage of public welfare time in Alipay, redemption of pension services, and the entire process was recorded on the blockchain. In the United States, the AGC Foundation officially launched a blockchain environmental protection public welfare platform to encourage all people to participate in waste classification.

According to the analysis of the Interlink Pulse Research Institute, the policy of the "1024 Conference" has been overweight, and it has "ripe" a large number of blockchain application projects in a very short period of time. However, this kind of policy "ripe" is essentially a double-edged sword. On the one hand, it does promote the development of the blockchain industry and the application of blockchain technology to a certain extent. On the other hand, in the current district, Blockchain landing applications are still at the stage of "throwing stones and asking for directions". A large number of blockchain application projects are rushing on. If the application landing results are far from expected, after the boom, the entire blockchain industry may return to a trough.

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