• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    BTC/USD Price Prediction

    BTC/USD Price Prediction: BTC/USD Breaks Psychological Resistance and Targets $53,000

    Bitcoin

    Bitcoin returns above $50,000 again

    Weekly Crypto Price Analysis: BTC, ETH, XRP, DOT, SUSHI

    Weekly Crypto Price Analysis 7th Mar: BTC, ETH, XRP, DOT, SUSHI

    ETH/USD price prediction

    ETH/USD Price Prediction: Will ETH/USD Retest $1,720 Support Ahead of July Upgrade

    Chainlink price prediction

    Chainlink price prediction: LINK breaks $28.5, a small retracement to follow?

    Uniswap price prediction

    Uniswap price prediction: UNI prepares to move higher, next target at $38 

    Bitcoin price

    Bitcoin Price Prediction : 24-Hour Chart Raises Hope of $50K Breakout

    Vechain price prediction

    VeChain price prediction: VET set to move higher again, resistance to break at $0.056

    Ethereum Price Prediction

    Ethereum price prediction: ETH failed to retest $1,500, more upside to follow

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    BTC/USD Price Prediction

    BTC/USD Price Prediction: BTC/USD Breaks Psychological Resistance and Targets $53,000

    Bitcoin

    Bitcoin returns above $50,000 again

    Weekly Crypto Price Analysis: BTC, ETH, XRP, DOT, SUSHI

    Weekly Crypto Price Analysis 7th Mar: BTC, ETH, XRP, DOT, SUSHI

    ETH/USD price prediction

    ETH/USD Price Prediction: Will ETH/USD Retest $1,720 Support Ahead of July Upgrade

    Chainlink price prediction

    Chainlink price prediction: LINK breaks $28.5, a small retracement to follow?

    Uniswap price prediction

    Uniswap price prediction: UNI prepares to move higher, next target at $38 

    Bitcoin price

    Bitcoin Price Prediction : 24-Hour Chart Raises Hope of $50K Breakout

    Vechain price prediction

    VeChain price prediction: VET set to move higher again, resistance to break at $0.056

    Ethereum Price Prediction

    Ethereum price prediction: ETH failed to retest $1,500, more upside to follow

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Industry News

10,000 Chinese blockchain firms established in 2020 alone

Bilal Ahmed by Bilal Ahmed
August 8, 2020
in Industry News
2 min read
10,000 Chinese blockchain firms established in 2020 alone
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

The Chinese blockchain ecosystem is growing at a rapid pace according to statistics provided by LongHash. Reportedly, 10,000 Chinese blockchain firms have been established in 2020 alone.

The nation houses more than 80,000 registered blockchain startups while the number of operating firms is close to 30,000.

10,000 Chinese blockchain firms registered in 2020

As China continues with the development of its digital currency electronic payments (DCEP) program, the country’s blockchain ecosystem is also growing at a rapid pace. The ecosystem has seen the addition of 10,075 new blockchain-enabled companies in the first seven months of 2020.

RelatedPosts

MicroStrategy defies market dip, buys $10m more Bitcoin

Crypto startups to get $200M investment fund from Crypto.com

Crypto Insurance: $2million raised by Unslashed Finance for insurance project

Is Cyril Ramaphosa leading the crypto adoption drive in South Africa?

The number has already surpassed the total figure recorded in 2017 (8,595) and is closing in on the recorded figure for 2019 (13,885). The highest number of blockchain-enabled startups registered in 2018 setting an all-time high record that is yet to be broken.

These numbers only describe firms that are registered and are operating currently.

LongHash noted that there are 84,410 registered blockchain firms in the country, while 60,729 firms have had their legal status revoked. The data also noted that only 29,340 companies are operating in the country.

Distribution

Among the remaining 84,410 registered Chinese blockchain firms, the highest number of companies (25,271) have registered in the Guangdong province. The Yunnan province comes second with 5,174 registered blockchain firms.

Most blockchain companies have registered with a small capital. LongHash noted that nearly half of all blockchain companies have registered with capital less than five million yuan ($717,586). Meanwhile, only 9.18 percent of companies registered with a capital greater than fifty million yuan.

If China’s blockchain push continues to gain traction, 2020 can possibly break the 2018 record of 18,500 registered companies. As Cryptopolitan previously reported, the nation has already started the testing of its DCEP platform before its public launch.

Tags: blockchain and AI
Bilal Ahmed

Bilal Ahmed

Bilal Ahmed is a blockchain enthusiast and an avid reader who loves writing about ramifications of blockchain and cryptocurrencies. He believes in doing due diligence with facts before transmitting.

Related Posts

MicroStrategy
Industry News

MicroStrategy defies market dip, buys $10m more Bitcoin

March 5, 2021
Crypto startups
News

Crypto startups to get $200M investment fund from Crypto.com

March 4, 2021
Crypto insurance
Industry News

Crypto Insurance: $2million raised by Unslashed Finance for insurance project

March 4, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

mine tron

How to mine TRON: A comprehensive guide

March 8, 2021
BTC/USD Price Prediction

BTC/USD Price Prediction: BTC/USD Breaks Psychological Resistance and Targets $53,000

March 8, 2021
Bitcoin

Bitcoin returns above $50,000 again

March 7, 2021
Weekly Crypto Price Analysis: BTC, ETH, XRP, DOT, SUSHI

Weekly Crypto Price Analysis 7th Mar: BTC, ETH, XRP, DOT, SUSHI

March 7, 2021
xrp price predictions

XRP Price Prediction 2021, 2023, 2025, 2030

March 7, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 1

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.