Since the beginning of this year, the domestic blockchain enterprises have experienced explosive growth in financing. With the potential of blockchain technology in the supply chain, Internet of Things, medical and other industries, the concept of blockchain transformation of traditional industries is attracting more and more. Many early investment institutions.
On June 27th, the Investment Research Institute released the “2018 Blockchain Investment and Financing Report”. The report shows that as of the end of April this year, there were more than 320 blockchain enterprises operating in China, with a total financing of 8.9 billion yuan, of which this year Completed 106 financings, totaling 6.3 billion yuan, far more than in previous years.
This year’s largest blockchain corporate finance came from Ping An, the financial management portal of Ping An, which received $650 million from SBI Investment and IDG Capital. At present, the tens of millions of investment is the mainstream in the industry, and about 10% of the blockchain enterprises have received more than 100 million yuan of financing.
After last year, the central bank and other seven ministries and commissions urgently suspended ICO (token issuing) financing, and the pyramid schemes involving blockchain were greatly converged, and the unhealthy trend of speculative speculation was suppressed. As the “chain circle” and “coin circle” parted ways, the blockchain industry application projects gained the favor of capital.
According to statistics from the Investment Research Institute, as of the end of last year, VCs with 141 investment institutions and VCs with 119 industrial backgrounds participated in the blockchain investment transactions. Since April last year, Zhejiang, Jiangsu, Guizhou and other provinces and cities have established dozens of mother funds and guiding funds that focus on blockchains.
In October 2016, the Ministry of Industry and Information Technology issued the “White Paper on China’s Blockchain Technology and Application Development” and proposed that by 2020, blockchain innovation should reach the international advanced level. At the same time, Beishang Guangshen also issued documents to seize the high ground of the blockchain industry.
The blockchain is widely used in the industry. Due to the problem of trust between scattered individuals, the blockchain has applications in payment clearing, information security, Internet of Things communication, supply chain, and public services.
“The blockchain itself is not just a technology, but a consensus-based economic model. How to let the untrusted parties reach a consensus, this is the biggest difference between the blockchain and the Internet,” Zhang Li, CTO of UDAP, told reporters. .
Fanzhou, a digital partner of China, believes that “this year the market has returned to rationality, and the investment in the currency circle is short-term speculation. In the future, blockchain investment will be more rational, and more attention will be paid to those who have been working in the traditional field for a long time and can be traditional industries and districts. The combination of technology and logic in the blockchain to identify and address the pain points of the industry.”
In the public service industry, because the blockchain has the characteristics of being irreversible and anonymous, it is very suitable for public welfare projects. Information such as donations and capital flows can be placed on the blockchain. The information of donors and recipients can be conditionally disclosed. , not only meet the privacy needs, but also facilitate social supervision.
Blockchains are also used in other public service industries such as notarization and property rights. Last year, the Guiyang municipal government began to use blockchain technology for Internet financial supervision, bill transactions, government data sharing and openness, precision poverty alleviation, and small and micro enterprise credit certification.
In the supply chain, block data technology can form a complete flow of information throughout the supply chain, avoiding supply chain disputes, and discovering supply chain operations, improving efficiency, and even It can eradicate the problem of counterfeiting in the process of product circulation.
Xuan Songtao, co-founder of Zhigui Technology, told reporters that the large-scale application of blockchains is too early to say that it will not be accurate within three to five years. Enterprises need to pay more attention to the underlying technology of the blockchain to solve the development of blockchains. Trust issues.
At present, the most popular blockchain investment is still the financial industry, in addition to virtual currency, as well as financial information, insurance and wealth management, payment and liquidation, investment and financing, credit and other subdivision directions.
Companies that are only issuing money are increasingly unable to get investment, but the project of speculating coins does not have much value and requires a technology and a sustainable business model. Zhang Li said. He believes that compared with the development trend of the Internet, the development of the blockchain is still in the early stage, requiring more platform services and middlemen to participate in the recent period.
As of the end of 2017, there were more than 1,600 global blockchain startups, and the financing companies were distributed among 45 countries and regions around the world, with a total financing of nearly $2 billion.
Large banks and financial services companies are the main blockchain technology investors. Since June 2014, 9 of the 10 largest banks in the US, including Citigroup, have participated in the financing activities of six blockchain companies. It reached 267 million US dollars.