More than 10 thousand blockchain companies have been created in China since the beginning of the year

According to the LongHash analytical platform, in the first seven months of 2020, the number of blockchain companies registered in China has already exceeded 10 thousand..

Despite the pandemic, the number of companies registered from January to August has almost equalized with the final indicator of 2019, and by the end of the year it may well surpass the record level of 2018, for which 18.5 thousand companies were opened..

However, the LongHash team notes that the authorized capital of most organizations in this segment does not exceed  5 thousand yuan ($ 720) and only a small share is registered with a fund of more than 50 thousand yuan ($ 7,200).

More than 10 thousand blockchain companies have been created in China since the beginning of the year

As of the beginning of August, there are 84 registered in China. 410 blockchain companies, but only a third of them are active (29 340). Most startups are located in Guangdong province.

This rise is due to the reaction of business to the national program for the development of blockchain technologies and their integration into various areas. Since the beginning of 2020, the Central Bank of China has been conducting real tests of the digital yuan, which large private companies have begun to join..

text: Ivan Malichenko, photo: TASS, graphic: LongHash

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