The company’s Food Trust blockchain services are adopted by the likes of Nestle, and Albertsons Companies. It has dozens of core patent technologies and development. Today Red Date Technology, the key developer of China’s Blockchain-based Service Network (), said it had inked a deal with R3 to deploy the enterprise blockchain Corda on the BSN network. The second is Tencent Holdings, whose anti-fraud blockchain service Tencent BaaS addresses tax fraud. Who best understands the use of reward and punishment? How has the popularity of this hub's companies trended over time? However, unlike typical Western blockchains, Chinese regulations allow for government access to stored data, the true identities of uses, and requirements that participants adhere to censorship laws. Owns two-thirds of blockchain patents, while having applied for 48 percent of blockchain patents compared to only 21 percent by the United States. The Guangdong province housed nearly 50 percent of all blockchain companies. Compound annual growth rates among the top ten companies between 2014-2017 is: China has managed to separate altcoins from blockchain technology, thus encouraging a wide range of industry use cases, supported through blockchain hubs. Second, China’s specialty is taking existing technology and scaling it, and scaling is the biggest challenge facing blockchain today. “Speed is the Essence of Warfare. When combining laissez-faire attitudes toward blockchain with world-class financial technology, and an educated, tech-savvy, and under-banked population, the result is a clearly dominant global position in fintech. Many Chinese companies are investing in blockchain, from the country’s largest tech companies to start-ups hoping to use the technology to disrupt existing industries. President Xi says China needs to "seize the opportunities" presented by blockchain, in what appears to be one of the first instances of a major world leader backing the tech. Is the largest fintech market in the world, accounting for 46 percent of all fintech, and is home to four of the world’s ten largest fintechs. Typically, the developing world is the place to see the true impact of emerging technology, but in the case of China, we can see the result of an underdeveloped market perfectly poised for explosive growth in blockchain. Insights about top trending companies, startups, investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. As bitcoin rises and falls, so does the rest of the blockchain industry. Right? For those who have justifiable intellectual property concerns, blockchain technology can serve as a powerful tool to prevent counterfeiting by providing a clear record of ownership and authenticity and protecting the interests of both individual artists and large corporations. JD.com (NASDAQ: JD) has applied for over 200 blockchain patents while Alibaba has applied for 262. First Bitcoin Capital Corp. (OTC: BITCF) runs a vertically integrated cryptocurrency business that … Angel - Uber), Money Raised: Amount of money raised in Funding Round, Total number of investments made by investors in this hub, Announced Date: Date when the Investment is announced, Investor Name: Name of the investor who participated in the Investment, Funding Round: Name of the funding round where the Investment is made, Number of Investors: Total number of Investors in a Funding Round, Total number of lead investment firms and individual investors that invested in organizations of this hub, Total number of investment firms and individual investors that invested in organizations of this hub, Organization/Person Name: Name of the Organization or Person, Location: Where the organization is headquartered, Investor Type: This describes the type of investor this organization or person is (e.g. The businesses … It has a partnership with smart contract provider Symbiont and has a founder of Alibaba Group Holdings as a key investor. Last May, a Chinese company called Wanxiang Group, one of the world largest automotive parts makers, sponsored a blockchain hackathon at the … That is what China has done with mobile payments, a U.S. invention that is now greater in China by a factor of 50. Where is leadership most effective? At one time, Ethereum co-founder Vitalik Buterin was a partner, but he began transitioning to an advisory role in January of 2018. industry disruption by blockchain technology, Top 5 Best Blockchain Mutual Fund Alternatives in 2021, Blockchain Investing 101: How to Build Long-Term Wealth in the Digital Asset Markets, Top 10 Blockchain Social Media Platforms for Content Creators, Rated and Reviewed for 2020, Biggest Blockchain Companies by Valuation in 2020, Binance Chain: Understanding the BEP2 Standard, Safe Harbor Regulation: How It Works + Why It’s Good for Blockchain Investors, Best Cryptocurrency Trading Courses, Rated and Reviewed for 2021, Why Elon Musk is Promoting Bitcoin and Dogecoin, Let’s Cut Off Shorts from the Crypto Markets. Take advantage of the enemy being unprepared, and attack where they are not fortified against you.” – Sun Tzu. There are 197 companies in … The answers to these questions tell me who will succeed and who will be defeated.” – Sun Tzu. China has created blockchain “sandboxes” to support companies in the development of blockchain technology by providing facilities, licenses, financial aid, and other services. LeewayHertz. The Chinese government also doesn’t stand … From the stock market to the block market, our newsletter explains what’s going on. After all, Americans are notorious for confusing differences amongst Asian cultures. Japan, San Francisco, Europe, Asia), CB Rank (Event): Algorithmic rank assigned to the top 100,000 most active Events, Total amount raised at IPO of all the organizations associated with this hub, Median amount raised at IPO of all the organizations associated with this hub, Total valuation at IPO of all the organizations associated with this hub, Median valuation at IPO of all the organizations associated with this hub, Average date at which organizations in this hub went public. “The ultimate achievement is to defeat the enemy without fighting.” – Sun Tzu. Consider that China: How could China have invented blockchain? The number of “blockchain” companies in China have been surging in the past five years. What's the most common types of sub-organization? Within blockchain, JD.com is focusing on value innovation, fintech, trusted networks, digital evidence storage, and supply chain. According to a research collaboration between Wharton and the SWIFT Institute, whereas the United States focuses on markets, in China, the focus is on developing entire ecosystems. Sign up here. If you take the first and last letters of both the first and last names, you get S-I-N-O, meaning “of or related to China.” This may seem like quite a stretch until you recognize the dominant position of China in the Blockchain World. There are numerous companies that urge to keep developing it in China. This list of companies and startups in China in the blockchain space provides data on their funding history, investment activities, and acquisition trends. The United States has no official blockchain policy and only within the last six months has it issued an official policy on artificial intelligence, even though the Chamber of Digital Commerce has called for a National Action Plan for Blockchain. The agreement is for both the free version of Corda and the Corda Enterprise blockchain paid version. Globally, the second-largest deal also came from China when Baidu spinoff Du Xiaoman Financial raised $4.3 billion. Although Western blockchains can run the entire gamut of centralized/permissioned to decentralized/permissionless, Chinese practices clearly differ from Western practices that allow for greater personal privacy and freedom from censorship. Our objective is to provide short and mid term trade ideas, market analysis & … The boom in Chinese blockchain-related stocks in late 2019 is another lesson for companies that make opportunistic investments in this emerging technology. Blockforce Capital’s NASDAQ NextGen Economy China ETF (BCNA) enables US investors to enter the Chinese Blockchain Market. The new digital yuan, officially known … Bubi (Beijing) Network Technology Co., Ltd. (hereinafter referred to as “Bubi”) is a leading blockchain financial technology company in China, focusing on blockchain technology and product innovation. As a result, we have compiled our list of top Chinese blockchain companies in the following areas: Investments (made), Technology (patents), Funding (received), and Investment Opportunities. Strong adoption and broad availability of IBM Blockchain … Trusted by over 100,000 blockchain investors. They are led by Fenbushi Capital, founded in 2015 with the purpose of accelerating the growth of the blockchain economy. None have reported any real use cases thus far. According to CB Insights, the top three companies in terms of funding received are Bitmain (Mining Hardware) at $450 Million, Hyperchain (DLTs and Enterprise Blockchain Tech) at $250 million, and Jixin Blockchain (digital wallets) at $100 million. In fact, not just bitcoin but any major coin, even one that doesn’t yet exist like Libra, can send reverberations throughout the entire industry. By promoting standards for global enforcement of intellectual property, blockchain can encourage Chinese compliance with copyright laws. 2 min read China is in pole position to dethrone the US as the leading financial power A cold war is brewing in the financial world. After Fenbushi, there is a three-way tie for second amongst LD Capital, JRR Capital, and Node Capital. That’s a 13-fold increase since 2015. Blockchain is being supported by more than just the true believers. China pushes its DCEP digital currency ever closer to launch. Its recent investments have included bioXroute Labs ($3.45M), LongHash ($1.49M), and Dispatch Labs ($6M). In the West, despite a growing interest in enterprise use cases, blockchain is still closely tied to bitcoin. 1.3m members in the StockMarket community. What's the most common final funding type when companies get acquired? Regardless of your opinions on isolationist policies and protectionist tariffs, blockchain is one area in which the United States needs to follow China’s lead and create an environment that is supportive of the underlying technology while deviating from China’s complete ban on all altcoins. There are big names with classic internet background pioneering to embrace blockchain such as Tencent (China’s instant social messenger giant), Huawei (smartphone maker), JD.com (e-commerce giant) and Ant Financial (online payment giant), as well as rising stars like Bitmain (bitcoin mining juggernaut), Canaan (dominant crypto miner maker), Hyperchain (consortium blockchain … The number of blockchain patents held by Chinese firms represent 68% of the total global filings. Some 400 companies are participating as Guangzhou, in Guangdong Province, launches China’s first blockchain pilot zone, reports Xinhua. Further, China has built an ecosystem around mobile phones in which users may download user-friendly apps to perform a variety of payment functions. U.S. blockchain companies have tremendous opportunities to do business in China, but they must develop specific Chinese strategies that include: However, in Chinese industries that are not as mature as their Western counterparts, such as financial services, the lack of both regulatory constraints and entrenched incumbents, which existing regulations are typically designed to benefit, has resulted in technology companies, such as Ant Financial and Tencent, taking e-commerce market share from traditional business. According to Chinese Official Xu Hao, the unique Chinese brand of blockchain is about disintermediation, not decentralization, because there will always be a central authority in China. First, Nakamoto, whoever he was, did not invent blockchain; rather, he took previously existing technologies and put them together in a novel way to unleash their full potential. WhatsApp acquired by Facebook), Total number of people associated with this hub, Full Name: First and last name of a Person, Primary Organization: The organization associated to the person's primary job, Primary Job Title: The person's primary job title, CB Rank (Person): Algorithmic rank assigned to the top 100,000 most active People, Total number of events associated with this hub, Location: Location of the Event (e.g. Aligning with Chinese corporate partner(s) to navigate the environment and make the appropriate connections. Is the home of 25 percent of all new blockchain projects (according to Blockdata). In China, regulators approved 197 blockchain companies while only approving one altcoin project. As a result, we have compiled our list of top Chinese blockchain companies in the following areas: Shortly after Chinese … In 2019, there were about 32,600 Chinese companies with “blockchain” as part of their corporate name or describe their major business as being blockchain-related, according to Tianyacha. It should serve as a wake-up call that it is time for the West to no longer fear this technology but rather to embrace it. Satoshi Nakamoto—A Japanese name conveying “wisdom” and being of “central origin.” What if that name was meant to conceal the true origins of bitcoin and blockchain technology? But in a country that’s home to 35,000 self-described blockchain companies — most of them with either grossly exaggerated or non-existent blockchain credentials — how many of China’s blockchain patent filings are of any sort of quality or even real? Which General has ability? In 2018, the majority of China’s fintech investment came from Alibaba spinoff Ant Financial raising $14 billion for its mobile payments service. The index comprises the top 50 public firms that claim to be affiliated with blockchain. For more cutting-edge research on the global impact of blockchain technology, subscribe to the Bitcoin Market Journal newsletter. Organizations in this hub have their headquarters located in China, Asia; notable events and people located in China are also included. Series A, Seed, Private Equity), Average of the Crunchbase Ranks of the organizations in this hub, Organization Name: Name of the Organization, Total Funding Amount: Total amount raised across all funding rounds, CB Rank (Organization): Algorithmic rank assigned to the top 100,000 most active Organizations, Trend Score (30 Days): Movement in Rank over the last 30 days using a score from -10 to 10, Total number of funding rounds associated with this hub, Total funding amount raised across all funding rounds, Total number of acquisitions made by organizations in the hub, Announced Date: Date that the Funding Round was publicly announced, Organization Name: Name of the organization that got funded, Transaction Name: Auto-generated name of transaction (e.g. Another government-related initiative is the Blockchain Service Network, launched in collaboration with large enterprises like China UnionPay, China … Chinese technology company Yuanben and Maritime Silk Road Platform, part of China's Zhuozhi Logistics Group, have signed an agreement to provide blockchain services for … In the United States, the development of blockchain infrastructure is largely dependent on the financial strength of key players within each industry. Which army is strongest? Clearly, China’s blockchain companies are on the move. Which investors participated in the most funding rounds within this hub? With regard to investing, the top four most active investors over the last five years only focus on blockchain. China Blockchain Strategies (Chinese Version) focuses on China's market trends and is built on collaboration by analysts focusing on the needs of customers across multiple industry segments, use cases, and geographies. Remember the Blockchain 50 Index pioneered by China’s Shenzhen Stock Exchange at the beginning of 2020? It is important to understand the differences between blockchain in China vs. the West. What's the investment trend over time for this hub? How are IPOs trending over time in this hub? China has been promoting blockchain adoption in the region, mainly to promote their central bank digital currency. Which side has favorable climate and terrain? Welcome to /r/StockMarket! Angel, Fund of Funds, Venture Capital), Median number of investments made by investors in this hub, Median number of lead investments made by investors in this hub, Announced Date: Date the acquisition was announced, Acquirer Name: Name of the acquiring organization, Transaction Name: Auto-generated name of transaction (e.g. Baidu (NASDAQ:BIDU) Headquartered in Beijing, Baidu holds a weight of 3.02 percent in the BCNA … Insights about top trending companies, startups. According to Blockchain Investing News, the top three companies in this fund are Hundsun Technologies (software products and services) with a weighting of 3.66 percent. In the realm of blockchain patents, two e-commerce giants, JD.com and Alibaba, are currently dominating the field. The companies to be regulated by the Cyberspace Administration of China (CAC) include Alibaba, Tencent, and Baidu. As CryptoPotato recently reported, social media and tech giant Tencent Holdings launched a special project to guide and support 30 blockchain-oriented companies who might become pillars in the industry.. Whose officers and soldiers are the best trained? Huobi Global is a global blockchain asset financial services provider including exchange, trade, wallet, and storage. Controls 72 percent of bitcoin mining power. It harkens back to the beginning of the year when China had announced its blockchain ambitions and companies had rushed to jump on the bandwagon, […] Blockchain's been a Bust for China's 'Blockchain 50' Public Companies The 'Blockchain 50' public companies on the Shanghai Index are noticeably quiet about blockchain in their mid-year reports. Advertisement. At Bitcoin Market Journal, we see three major differences: Altcoins vs. Industry Use Cases, Centralization vs. Decentralization, and Markets vs. Ecosystems. The new sales intelligence software for teams, Crunchbase Enterprise helps teams find & close deals through automated prospecting, personalized insights and key integrations, Chinaccelerator Batch 17 Virtual Demo Day, Total number of organizations associated with this hub, Superset of Industries that define the hub, Where the hub is headquartered (e.g. After those two, there is a significant drop down to the third and fourth with Tencent (internet-related products and services) having applied for 80 patents, and Baidu (search engines) for 50. This list of companies and startups in China in the blockchain space provides data on their funding history, investment activities, and acquisition trends. The majority of Chinese transact on mobile phones, and 34 of the top 100 fintech companies are focusing on payments. Although China has banned ICOs, the President, Xi Jinping, supports the underlying technology of blockchain. In this emerging industry with exponential growth, the game is not zero-sum; rather, companies in the United States and China can work together to grow the pie so that everyone can profit. Since its establishment in 2013, Huobi Group has been financed by ZhenFund and Sequoia Capital. Chinese blockchain focuses on the value of transparency and immutability with the key benefit of reducing expenses by eliminating middlemen and their associated fees. Japan, San Francisco, Europe), Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of founders of organizations in the hub, Average date the Organization was founded, Percentage of organizations in this hub that have been acquired, Percentage of organizations that have gone public with an IPO, Percentage of organizations in this hub that are non-profits, Total number of for-profit companies in this hub, Total number of non-profit companies in this hub, Top 5 investor types represented in this hub, Last Funding Round type of organizations in the hub (e.g. Chinese blockchain efforts. investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. Has a national policy that supports blockchain initiatives and has included blockchain in its current 5-year plan. It is a blockchain company that specializes in building blockchain applications for … It’s the first time BSN has made a deal to resell an enterprise blockchain into China. Which companies in this hub have the most subsidiaries. In terms of the potential for industry disruption by blockchain technology, this lack of government support is a key factor preventing many industries from reaching their full potential. After all, China doesn’t innovate; all they do is copy. The third is Heilongijang Agriculture, which focuses on real estate, land contracts, and agriculture, including a recent foray into hemp processing. 33,000 Companies Register Blockchain Business in China China now has more than 33,000 registered companies claiming to use blockchain technology in their businesses, according to the country’s Center for Information and Industry Development. With regard to how this may play out, consider one final quote from Sun Tzu: “Which ruler has moral compass? 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