March 29, 2024

Since the beginning of the year, more than 10,000 people have been created in China. blockchain companies

Since the beginning of the year, more than 10,000 people have been created in China. blockchain companies

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 registeredFrom January to August, firms have almost reached the level of 2019, and by the end of the year may well surpass the record level of 2018, for which 18.5 thousand companies were opened.

Since the beginning of the year, more than 10,000 people have been created in China. blockchain companies

However, the LongHash team notes that the authorized capital of most organizations in this segment does not exceed  5 thousand yuan ($720) and only a small shareregisters with a fund of over 50,000 yuan ($ 7,200).

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

This rise is due to the reaction of business tothe 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 trials of the digital yuan, which large private companies have begun to join.

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