Diving deeply into the blue ocean of the Internet of value, the 2022 China Blockchain Industry Development Report is released | Gyro Research Institute’s year-end gift...

2022 is an important year in the history of global development. Against the background of the Russia-Ukraine conflict and global inflation, the global economic environment is turbulent and turbulent. The digital economy is impacting the world's inherent pattern at an unprecedented speed and becoming a lever. A new lever to drive global economic recovery and rapid growth. The technological revolution surrounding the digital economy has become the main theme of the global competition this year, and blockchain, as the underlying cornerstone of the digital economy, has gained new development opportunities this year, pushing the Internet into the 3.0 stage and promoting the exploration of digital space. Concentrated outbreak. Major countries such as the United States, the European Union, Japan, South Korea, and India have quickly set off a boom in the development of the blockchain industry. U.S. President Biden even personally issued a presidential decree in March, requiring U.S. government departments to study the development and application of blockchain technology and digital assets. .

From the perspective of China, after choosing the direction of industrialization in 2020, after two years of rapid development, China's key blockchain technologies have continued to make breakthroughs, and the application foundation has been consolidated and improved. Overall, it has shown an improvement in integrated scale, optimized ecological structure, and technological development. It has notable features such as steady improvement in integration and outstanding standardization results. Our country has basically built an environment and soil suitable for the development of blockchain technology, accelerated the implementation of blockchain technology application innovation, and gradually released productivity in the context of the booming digital economy.

In 2022, my country's blockchain industrialization process will accelerate in-depth development, making key progress in the direction of policy environment, technology research and development, application innovation, and industrial ecology. In this context, in order to promote the innovative development of my country's blockchain industry and enhance the public's awareness and understanding of industrial blockchain, Gyro Research Institute and Gyro Technology have jointly written this report to explore industry progress and trends with all sectors of society.

Core ideas of the report

The foundation of my country's blockchain policy development environment has been solidified, the release of dividends has accelerated, and the types of overall and professional policies have increased. As of the end of November this year, my country has issued 83 blockchain-related policies. In terms of trends, it is expected to decrease compared to 2021, but it is also in line with the general rules of policy. Policy dividends have begun to be further released, and policy support has begun to increase. sink. Among them, 7 policies were issued by the Central Committee of the Communist Party of China, the State Council and other national levels, which not only mentioned the improvement of the standard system in the field of blockchain in the comprehensive policy of a unified national market, but also covered the role of blockchain in rural revitalization, digital culture, and improvement. Although most of them are not special policies, their application in multiple levels such as stimulating consumption, transportation, and stabilizing the economy, but their emergence within overall policies still further reflects the enabling role of blockchain in my country's economic development. Compared with Previously more focused on strategic planning, blockchain has begun to play its fundamental role in the direction of economic construction. In addition, there are 16 national ministry-level blockchain policies, involving the National Development and Reform Commission, the Supreme People's Court, the People's Bank of China, the Ministry of Public Security, the Ministry of Industry and Information Technology, the Ministry of Housing and Urban-Rural Development and other departments, covering finance, public services, energy, justice, In many fields such as community construction, policy implementation policies have the characteristics of strong implementability, detailed enforceability, and wide coverage.

my country's blockchain technology has gradually migrated from the initial single-point technology breakthrough to the engineering direction based on business needs. It has become a general consensus in the industry to provide high concurrency, fast response, wider interconnection, and more secure and controllable technology optimization for the business direction. . This year, my country's blockchain innovation remains active, new models of peer-to-peer network account structures begin to emerge, and the DAG directed acyclic graph structure begins to be gradually used in the data layer; multiple consensus and hybrid consensus algorithms are widely used, and emerging consensus algorithms continue to Breakthroughs: Smart contract modularization and plug-inization are emerging, the connotation of privacy computing continues to expand, the bottom layer of cross-chain technology shows a lightweight trend, and overall technological innovation shifts to scenario-driven and integrated innovation. At the same time, my country's patent research and development is progressing rapidly. Search the keyword blockchain in the Incopat patent database. In the past two decades, the number of blockchain patent applications in my country has reached 60,210. my country is an important region driving blockchain applications, accounting for Although the number of applications has declined this year, as of November 15, the number of blockchain patent applications in my country was 6,020, still ranking first with a proportion of 96%. Among them, the efficacy of patented technology focuses particularly on improving security and efficiency, which reflects that my country's blockchain industry has moved from an initial technology-driven to an application-driven level, with business needs as the main orientation.

Driven by the strong drive of hot areas in the digital space such as the Metaverse and digital collections, my country's blockchain industry has made great progress. The technology is mature and the scenarios are rich. The scale of the industry continues to rise, and the industrial chain is deep and orderly. According to IDC data, my country’s blockchain market has reached US$468 million, making it the world’s second largest blockchain spending entity. With the release of industrial momentum, my country's blockchain industry chain has been further improved. The upper, middle and lower reaches of the industry chain have continued to be supplemented, covering both ecological services and forming a full industry chain with maturity and completeness. The application level is still my country's main blockchain entities, especially driven by the digital space this year, have seen a surge in application companies, accounting for approximately 61.37% of my country's blockchain industry chain, a year-on-year increase of 24.48%. my country's infrastructure construction is accelerating. More than 11 provinces and cities including Beijing, Guangzhou, Chongqing, Kunming, Tianjin, and Wuxi have launched city-level blockchain underlying platforms, showing that national-level blockchain infrastructure is the leading factor, regional and The city-level infrastructure is the focus, and the enterprise alliance chain is the starting point, taking into account the multi-level infrastructure of the public service platform and the blockchain alliance chain. The blockchain industry carrier continues to expand. There are 55 blockchain industrial parks across the country, covering 20 provinces and cities across the country, and the circle development effect is obvious. my country has established more than 70 blockchain industry alliances, including the Zhongguancun Blockchain Industry Alliance, China Distributed General Ledger Basic Protocol Alliance, and China Future Blockchain Industry Alliance, including more than 2,200 business units and nearly a hundred universities and research institutions. It will lay a good foundation for my country’s blockchain technology research, resource integration, and expansion of development space.

With the vigorous development of blockchain companies, the pattern of my country's blockchain industry has basically taken shape, with large Internet companies and typical comprehensive blockchain technology manufacturers as the main players. Vertical blockchain manufacturers are booming, and communication companies, listed companies, etc. Enterprises and financial institutions are actively exploring a complex competitive landscape of applications. From a technical perspective, due to strong technical correlation and high business synergy, large Internet companies and comprehensive manufacturers have a tendency to extend their industrial chains and deepen horizontal and vertical integration and synergy. Led by Ant, Tencent, JD.com, and Qulian, Blockchain manufacturers basically cover all segments of the industrial chain from infrastructure to comprehensive applications. Industrial development has driven the acceleration of industry segmentation demand. Vertical manufacturers such as Financial OneConnect and State Grid Blockchain have developed rapidly, focusing on segmented industry applications and cultivating core competitiveness in vertical application directions. Since the beginning of this year, driven by demand, platform expansion technologies such as privacy computing and DID have attracted much attention. Financial institutions and communications companies have actively worked in this field based on business needs and strategic layout. China Telecom, China Unicom, and China Mobile are among them. typical representative. In order to reduce the difficulty of operation, maintenance and development, the use of BaaS platforms has become the mainstream track for blockchain competition among enterprises. Platform companies, cloud service providers, independent solution providers and financial companies have joined this field one after another, and platform competition is becoming fiercer. .

Under top-level guidance and market promotion, the development of the blockchain industry has entered a period of trust and collaboration from a certificate-based orientation, and its implementation shows the characteristics of deep integration with professional applications. Among them, the technical, economic and social attributes introduced by the blockchain are deeply intertwined and released, the depth and breadth of application directions continue to increase, and the integration with entities is accelerated, in smart agriculture, judicial certificate storage, epidemic prevention and control, digital government, etc. The supporting role of key areas and major national strategic directions such as achieving "carbon neutrality" has gradually emerged, providing a strong driving force for the digital transformation of various industries. Judging from the number of implementations this year, application implementation and industrial development complement each other. As of the end of November 2022, according to incomplete statistics from public data, the number of blockchain industry applications (excluding digital collections) in China was 49, a year-on-year decrease of 67.54%. The number of implementations has shrunk significantly, reflecting that the degree of marketization is still insufficient. However, in terms of actual benefits of implementation, application implementation covers trade logistics, government affairs, finance, entertainment, social public, agriculture, energy, information technology, social networking, and data. 13 fields including elements, traceability, judicial evidence storage, and education, especially key fields, have been deeply expanded and shown a trend of deep integration with professional applications.

The underlying infrastructure, the integration of product forms, the diversification of application types, the maturity of specific scenarios, and the acceleration of technology integration will become important trends in the development of my country's blockchain industry. At the regulatory level, my country is expected to open up the infrastructure layer, integrate both physical industries and digital native spaces, and build a unified blockchain infrastructure trust base around platform data that is safe, credible, transparent, and verifiable. From the product perspective, blockchain technology has shown characteristics such as componentization, platformization, and integration. The combination of software and hardware to ensure data security and authenticity will become an important competitive point for product embedding and ecological development. From the perspective of application, blockchain applications have experienced the early stage of on-chain certificate storage, and on-chain collaboration has rapidly taken shape, and is gradually deepening into the direction of on-chain value transfer. Dual carbon and digital renminbi serve as the key to value distribution and data circulation. Typical demonstrations will become key application scenarios in the blockchain field. In addition, users use and control personal identities with private keys through distributed identities, use privacy computing and cryptography technology to realize the call and calculation of private data on the basis of compliance, and use blockchain to ensure security during the data transfer process. It has become a trend for enterprises to integrate into social economy and governance.