Current State and Trend of Blockchain Development

From a global perspective, at the industry scale, following the peak period of blockchain company establishment in 2014 and 2017, there are a total of 2,450 blockchain companies in the world as of August 2019. The number of blockchain companies in the United States, China, and the United Kingdom is in the top three, with Canada, Singapore, Switzerland, and other countries having more. On the one hand, developed countries have conducted strategic blockchain research and application. To promote the development of the blockchain industry, the United States, the United Kingdom, Russia, Australia, Japan, and other countries have developed national blockchain strategies and roadmaps. Multinational corporations, on the other hand, have invested in blockchain technology research, development, and application. Global Internet corporate giants like Google, Microsoft, Oracle, and IBM, among others, have deployed and researched blockchain technology, as well as launched technical solutions and applications. The global blockchain application ecosystem encompasses every aspect of the economy and society. After years of development, the global blockchain has finally arrived.

Blockchain's rapid growth has resulted in a slew of applications in financial services, supply chain management, culture and entertainment, intelligent manufacturing, social welfare, medical and health, and other fields.

emergence, the small scale of the industry, the exploratory stage of most applications, the difficulty of blockchain supervision, and the presence of cognitive gaps. We can, however, strengthen top-level design in strategy formulation, prioritize basic theory and technology research, prioritize independent controllable technology and product development, and accelerate the development of standards and norms. In terms of tactical formulation, focus on the deep integration of blockchain and "cloud computing, big data, Internet of Things, mobile Internet, smart city" and other technologies, as well as the deep integration of enterprises' existing IT infrastructure.