Title: Study on the development of blockchain industry in China

Authors: Kang Yun

Addresses: Venture Capital Research Center, Renmin University of China, No. 59 at Zhongguancun Street, Haidian District, Beijing, China; ZhongCai Financial Holding Investment Co., Ltd., Building 8, Courtyard 10, Liuliqiao, Fengtai District, Beijing, China

Abstract: As a new and high-tech after AI, blockchain technology has been widely recognised for its great value and application potential. Compared with developed countries, China has the advantages of rich application scenarios, good technology foundation, support of domestic market and relatively inclusive policy environment in the field of blockchain. However, there is still a gap in the original innovation ability, core technologies, rules and standards, quality and supply of talents, etc. Therefore, the following suggestions are put forward: First, we should make independent innovation and make breakthroughs in core technologies. Second, integrated development of blockchain technology and real economy should be focused on. Third, strengthen supervision and guide the healthy development of the industry. Fourth, cultivate talents and solve the pain points of industry development. Fifth, we need to improve standards and enhance our international voice and rule-making power. Finally, balance interests and promote the implementation of industrial reform.

Keywords: blockchain; industry; integrated application; China.

DOI: 10.1504/IJCCM.2022.123087

International Journal of Chinese Culture and Management, 2022 Vol.5 No.2, pp.154 - 164

Received: 08 Jan 2021
Accepted: 23 May 2021

Published online: 26 May 2022 *

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