The blockchain and cryptocurrency data platform (Long Hash) revealed the day before Saturday, in a tweet that the blockchain sector in China has grown significantly despite the epidemic this year .
According to Queen Telegraph, (Long Hash) reported that more than 10,000 blockchain companies were established between January through July 2020.
The report also shows that the current number of blockchain-linked firms in China is on track to surpass the total for 2017.
Long Hash also said that 2020 could surpass the 2018 total of 18,500 companies and reach an all-new high.
and the numbers showed that there are 84,410 registered companies, of which 29,340 are operating.
Guangdong province in southeast China has the largest number of blockchain startups with Yunnan Province in the southwest ranking second.
However, the majority of blockchain companies registered with only small capital, as it appears that the maximum registered capital was RMB 5,000, which is around $ 717.
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Meanwhile, a few of them registered more than 50,000 yuan, which is about $ 7,175.
The Chinese government is implementing blockchain to try to provide more efficient government services.
The Chinese central bank has also secured $ 4.7 million in financing for the blockchain trading platform in the next three years.
The state has approved 224 blockchain projects from major companies, including JD, Walmart China and Baidu.
(Amazon Fun Knowledge)
