Expert: the Main Mode of Blockchain Application in China is to Solve Problems in Specific Scenarios

Abstract : The technology service providers are dominated by Internet technology giants such as Tencent, Alibaba and Huawei.

ChainDD
ChainDD

Jun 28

Xiao Wei, Secretary-General of Southwest Blockchain Technology Association, said in an interview with ChainDD that local governments and blockchain technology service providers have cooperated to develop applications based on blockchain technology in the public service field, and solving problems in specific scenarios has become the main mode of industry development.

According to PAData statistics, as of June, the blockchain government procurement cases announced on the Chinese government procurement network increased by 67% year-on-year compared with the first half of last year. The total budget/transaction value involved in the blockchain is about 15.96 million yuan, and the budget/transaction value of the blockchain part of the case in a single purchase from 2020 to the present is approximately 1.596 million yuan, an increase of approximately 42.37% from last year. 

The application scenarios of blockchain involve 15 subcategories. Among them, education and scientific research, government affairs information, services for agriculture, rural areas and farmers, network security, and social security are the five scenarios with the most government procurement cases. 

In particular, the government procurement cases applied in the "education and scientific research" and "government affairs information" scenarios were the most among the five, with 27 and 26 respectively.

In addition, the application field is relatively concentrated in several mature scenarios, such as traceability, judicial certificate storage, and government data management. The technology service providers are also dominated by Internet technology giants such as Tencent, Alibaba and Huawei.

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