In China, the blockchain industry is mainly distributed in the fields of finance, supply chain, traceability and hardware. Among them, the financial sector is particularly widely used, accounting for nearly 65%. Many banks need to use blockchain technology for concept testing, and insurance companies can use blockchain to make claims quickly. In addition, blockchain can also be applied to securities trading, asset management, customer credit investigation, anti-fraud and digital integration.
According to the Blue Book of Blockchain: China Blockchain Development Report (20 19), there are nearly 28,000 blockchain enterprises in China, of which about 1 10,000 are put into production, accounting for only 3.6%, mainly concentrated in the eastern developed areas such as Beijing, Shanghai, Guangdong and Zhejiang.