The current situation and analysis of the domestic blockchain industry chain

With the continuous development of blockchain technology, in fact, our country has initially formed a relatively complete blockchain industry chain. As we all know, blockchain technology is currently going through a stage of steady advancement of innovation, and public chains and consortium chains continue to iteratively upgrade along different paths. In addition to this, the application path of blockchain is becoming increasingly clear, and two major models of digital application in the real economy and digital native application have begun to slowly form. The development pattern of the blockchain industry chain has initially taken shape, and its infrastructure has also begun to form. The anchoring new chain network is gradually evolving. Many investors want to understand clearly what the blockchain industry chain is? Let me give you a brief introduction below.

What is the blockchain industry chain?

The blockchain industry chain is an ecosystem composed of underlying technology, application platforms, transaction services, application development, investment and financing, academic and research, legal supervision, etc. Each link is interdependent and mutually supportive. Together they have promoted the development of the blockchain industry. Let the editor introduce these seven aspects in detail, as follows:

1. Underlying technology: Blockchain technology is the foundation of the blockchain industry chain, including Infrastructure, encryption algorithms, consensus algorithms, smart contracts, etc.

The blockchain application platform is an application scenario for blockchain technology, covering areas such as digital currency, smart contracts, data storage, supply chain finance, and the Internet of Things.

3. Trading services: Blockchain trading services provide digital asset trading services, including exchanges, wallets, payment, clearing, etc.

Blockchain application development is the process of application development on the blockchain platform, covering key elements such as application program interfaces (APIs), software development kits (SDKs), and developer communities. This process aims to leverage the decentralization, transparency and security of blockchain technology to build innovative applications. Through blockchain application development, developers can create various blockchain-based applications, such as digital currency, smart contracts, decentralized finance, etc.

5. Investment and Financing: Blockchain Investment and Financing Including venture capital, ICO, STO, etc., providing financial support for the development of the blockchain industry chain.

Academic and Research: The development of blockchain technology requires continuous research and learning, covering academic research, technical exchanges and industry conferences.

7. Legal supervision: The development of the blockchain industry chain requires legal and regulatory support, including government policies, laws and regulations, regulatory agencies, etc.

Current status of the domestic blockchain industry chain

my country has initially formed a relatively complete blockchain industry chain, with the role of leading enterprises as the ballast stone and the power source of small and medium-sized enterprises (5.950,0.18,3.12 %) role to jointly promote industrial development. According to statistics, there are more than 1,400 blockchain companies in my country and more than 40 industrial parks. Supply entities promote industrial implementation from different dimensions and integrate development with the practices of various industries.

In terms of application, the breadth and depth of my country's blockchain applications are accelerating, focusing on the effective connection of supply and demand in various industries to ensure the orderly and efficient flow of production factors. As of December 2022, my country has released ten batches of blockchain information service registration lists, and various applications such as government data sharing, people's livelihood services, digital finance, and digital cultural creation have emerged.

He Baohong also said that NFT (non-fungible token) is the most active application form of model innovation at this stage, forming an innovative idea for the confirmation of digital content rights. Currently, global NFT projects are experiencing explosive growth, and the market size is expanding rapidly.

The above article is the editor’s simple science popularization on what the blockchain industry chain is. Blockchain is a decentralized, distributed database that securely holds digital records. Additionally, while all records are transparent and accessible to the public, they cannot be altered, deleted, or edited. All data inserted into the blockchain is permanently compromised. Each transaction or record inserted into the blockchain registers a different "block" on the chain. Basically, blockchain provides a method of record keeping that is highly secure and more efficient for businesses/individuals. Blockchain and artificial intelligence are also helping shape the future of robotics in various ways.

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