10 Blockchain Trends in China for 2024
- ID: RIB487CA
- January 2024
- IT and Telecom
Market Overview
10 Blockchain Trends in China for 2024:
Trend 1: Industry Expansion Speed May Slow Down
Trend 2: China’s Innovation Focus: Scenario Applications and Digital Technology Integration
Trend 3: Balancing China’s Regional Blockchain Development: Towards Scenario-Driven Growth
Trend 4: New Technology Boosts Scenario Application Importance in China
Trend 5: NFT Business: Continuing as a Vital Driver for Industry Development, with Slowing Growth Projected
Trend 6: Metaverse Business: Rapid Growth and the Potential to Create New Growth Opportunities in the Blockchain Industry
Trend 7: Digital Yuan: Potential Catalyst for Further Development of Financial Blockchain in China
Trend 8: Web3.0: Early Stages and Potential Future Support for Blockchain Applications
Trend 9: Rebound Expected in China’s Blockchain Investment and Financing After a Period of Low Activity
Trend 10: Continuation of China’s Prudent and Inclusive Blockchain Regulation: Potential for Categorized and Intelligent Supervision
Key Questions Answered:
What is the overall development trend of the blockchain industry in China?
What are the key directions and fields of innovation and evolution for blockchain technology in China?
How do new technologies such as NFTs, Metaverse, and Web3.0 impact the blockchain industry in China?
What changes are expected in the capital market activity within the blockchain industry in China?
Table of Contents
TABLE OF CONTENTS
TABLE OF CONTENTS 1
FIGURES AND TABLES 3
Part 1. Key Questions Answered 4
Part 2. The Background and Environment of Blockchain Development in China 4
Policy Environment 4
Regulatory Environment 5
Economic Environment 6
Technical environment 7
Part 3. Development Trend Insights 8
Trend 1: Industry Expansion Speed May Slow Down 8
Trend 2: China’s Innovation Focus: Scenario Applications and Digital Technology Integration 9
Trend 3: Balancing China’s Regional Blockchain Development: Towards Scenario-Driven Growth 9
Trend 4: New Technology Boosts Scenario Application Importance in China 11
Trend 5: NFT Business: Continuing as a Vital Driver for Industry Development, with Slowing Growth Projected 12
Trend 6: Metaverse Business: Rapid Growth and the Potential to Create New Growth Opportunities in the Blockchain Industry 12
Trend 7: Digital Yuan: Potential Catalyst for Further Development of Financial Blockchain in China 13
Trend 8: Web3.0: Early Stages and Potential Future Support for Blockchain Applications 13
Trend 9: Rebound Expected in China’s Blockchain Investment and Financing After a Period of Low Activity 13
Trend 10: Continuation of China’s Prudent and Inclusive Blockchain Regulation: Potential for Categorized and Intelligent Supervision 14
Part 4. Issues to be Addressed and Recommendations to Consider 16
Expanding Blockchain Applications for Cycle Crossing 16
Adapting Regulation to Rapid Technological Advancements 16
Addressing China’s Blockchain Talent Shortage: Enhancing Cross-Disciplinary Education 17
Disclaimer 18
FIGURES AND TABLES
Global and Major Economies’ Economic Growth Rates, 2022-2024E
Number of Blockchain Platform Information Filings by Cyberspace Administration of China, 2019-2024E
Blockchain Filing in China, by Region, 2018-2024E
Proportion of Scenario Application Business Scale in China’s Blockchain Industry, 2020-2024E
Number of Blockchain Investment and Financing Events in China, 2019-2023
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