2018全球区块链专利企业排行榜

2018年，是区块链技术蓬勃发展的一年，也是区块链技术应用的一年。全球区块链专利企业排行榜显示，IBM、阿里巴巴和美国银行等大型企业在区块链技术的研究和应用方面积极投入，抢占了市场先机。今天我们就来聊聊这三家企业在区块链技术方面的发展。

IBM

IBM是全球最大的计算机公司，也是区块链技术的先行者。IBM拥有最多的区块链专利，2018年共拥有89项区块链专利。IBM在区块链技术的应用方面积极投入，推出了Hyperledger Fabric、IBM Blockchain Platform等产品，以及IBM Blockchain Transparent Supply Chain、IBM Blockchain Trade Finance等应用。IBM也与多家公司合作，推动区块链技术的发展和应用。

阿里巴巴

阿里巴巴是全球最大的电子商务公司，也是区块链技术的推动者。2018年，阿里巴巴拥有30项区块链专利，排名第二。阿里巴巴在区块链技术方面的投入也不少，推出了Ant Blockchain、Ant Financial Blockchain等产品，并与多家公司合作，推动区块链技术的发展和应用。

美国银行

美国银行是美国最大的银行，也是区块链技术的推动者。2018年，美国银行拥有27项区块链专利，排名第三。美国银行在区块链技术方面的投入也不少，推出了Blockchain Solutions、U.S. Bank Blockchain Platform等产品，并与多家公司合作，推动区块链技术的发展和应用。

2018年，IBM、阿里巴巴和美国银行等大型企业在区块链技术的研究和应用方面积极投入，抢占了市场先机。他们推出了多款产品，并与多家公司合作，推动区块链技术的发展和应用，为区块链技术的发展做出了重要贡献。

请查看相关英文文档

Ⅰ Among the top ten international blockchain patents, the vice president unit of Zhejiang Province Blockchain Technology Application Association holds two seats

Among the top ten international blockchain patents, Zhejiang Province The vice president unit of the Blockchain Technology Application Association occupies two seats! Among them, Ant Chain ranks first and 33 Complex Beauty ranks sixth!

After two years, what is the development trend of global blockchain patents? Faced with the entry of traditional Internet giants, can Chinese companies still maintain their leading position in patented technology?

On March 12, 2021, IAM once again released the latest research report on global blockchain patents. It is a matter of pride that Chinese companies once again lead the world in blockchain patent performance.

(IAM official social media picture)

According to Derwent data, the top ten Chinese companies have submitted a total of 3,066 "patent families", accounting for approximately the global total. nearly one-third. Ant Group maintains its first position with 2,298 patent families, Ping An Group has become the world's second largest blockchain patent applicant after experiencing a surge in numbers last year, Tencent ranks third, and Complex Beauty ranks sixth in the world.

It is worth noting that among the top ten Derwent patent families, nine are Chinese companies. There are technology giants such as Ant, Tencent, and Internet, large state-owned enterprises such as China Unicom and State Grid, as well as emerging technology companies such as Beijing Ruize Technology and Hangzhou Complex Beauty, which reflect the research and development and patents of blockchain technology by Chinese companies. Enthusiasm for investment.

IAM pointed out that, firstly, patent applications are easy to file, especially if there are subsidies and other incentives, but only a small number can be ultimately granted; secondly, most Chinese companies on the list apply on average The score for breadth is approximately 1, which is an indicator of how many jurisdictions a patent family covers. The more countries a patent is filed in, the greater the scope of legal protection and international potential that the right has.

Ⅱ Forbes announced the top 50 blockchain companies, and Du Xiaoman Financial was on the list

Recently, Forbes announced the list of the top 50 global blockchain companies, including Ant Financial, Du Xiaoman Financial, and Tencent. , China Construction Bank, Foxconn and other five Chinese companies are on the list. In addition, Amazon, Google, Microsoft, Samsung, IBM, etc. were also selected for the list.

The companies on the list own the basic technologies of cryptocurrencies such as Bitcoin and apply them to accelerate business processes and improve In transparency, billions of dollars in cost savings can be realized. At the same time, the list also requires the companies on the list to have annual revenue of no less than US$1 billion, or a valuation of more than US$1 billion. For the companies on the list, blockchain technology has been truly reflected in revenue and cost savings.

Du Xiaoman Financial has explored and implemented multiple blocksChain projects, one of which allows millions of ordinary Chinese users to adopt and trade cute digital puppy pets "Leitz Dogs" - these pets are different and "live" on the blockchain. It also has a service that provides education loans, "Anxinfu", which uses blockchain technology to ensure that students consume teaching services before allocating funds. Du Xiaoman uses a variety of blockchain implementation solutions, including Hyperledger Fabric developed by IBM.

Currently, the application of blockchain technology has extended to many fields such as digital finance, Internet of Things, intelligent manufacturing, supply chain management, and digital asset transactions. At the same time, major countries around the world are accelerating the development of blockchain technology.

In October 2019, the country emphasized that blockchain should be used as an important breakthrough for independent innovation of core technologies, and clearly proposed to accelerate the development of blockchain technology and industrial innovation, and actively promote blockchain and economic and social integrated development. Some people in the industry believe that this is a new positioning of the blockchain at the top level and has been elevated to a national strategy.

Among the large domestic Internet companies, Duxiaoman Financial is at the forefront in accumulating and implementing blockchain technology.

In addition to the projects on the list, Duxiaoman Finance is also actively innovating in the fields of distributed finance. The distributed finance white paper released in 2019 was the first in the industry to propose reference technologies for distributed finance. architecture. In the field of consumer finance, Duxiaoman Finance, as a pioneer, launched the blockchain ABS (asset securitization) project to solve the problem of trust in the authenticity of the underlying assets of all parties to the transaction.

In 2017, Du Xiaoman Financial jointly issued the first domestic ABS project supported by blockchain technology with partners such as Baiqian Leasing and Huaneng Trust. The issuance scale was 424 million yuan. This was the first domestic ABS project. It uses blockchain technology as the underlying technical support to realize the project of ABS "real assets"; in the same year, it also released the "Network-Chang'an Xinsheng-Tianfeng 2017 First Phase Asset Support Special Plan", which means China's first blockchain-based project The exchange asset securitization product of blockchain technology has been launched, and it is also the product with the lowest issuance interest rate in the current period.

The above-mentioned project was recognized by the academic community for two consecutive years in 2018 and 2019, and was selected into the case library of Peking University Guanghua School of Management, becoming the school’s first classroom teaching case based on blockchain technology; Won the 2019 "Excellence in Practice Award" from Harvard Business Review.

"Youqianhua" is a credit service brand under Duxiaoman Financial (formerly Internet Finance). It is a big brand, reliable, low interest rate and trustworthy. It provides personal consumer credit services to the public and creates innovative The consumer credit model inherits the technological genes of the Internet, and Youqianhua uses artificial intelligence and big data risk control technology to provide users with convenient, fast and secure Internet credit services.

Ⅲ Alibaba and Tencent fell out of the top ten, while NetXin bucked the trend and entered the top four

p>

After the rush in 2018, blockchain patent applications have cooled down somewhat in the first half of 2019.

The interlink pulse query on the innojoy patent platform showed that the number of blockchain patent applications in China in the first half of 2019 was 909, which was only 16.2% of the 5,606 applications in the whole of last year.

It is worth noting that although Alibaba still occupies the first position in the total number of blockchain patents, it has ranked outside the 10th place in terms of new blockchain patent applications in the first half of 2019. Xunlei Group’s Netcenter Technology jumped into fourth place.

Patent indicators have multiple meanings for blockchain companies, such as investment in R&D, quality of talents, emphasis on innovation, etc. From this, you can understand the other side of blockchain development.

Industry technology investment is cooling down?

Regardless of China or foreign countries, the number of blockchain-related patent applications fell off a cliff in the first half of 2019.

Interchain Pulse searched for the keyword "blockchain" through the patent query system innojoy. Half of 2019 has passed, and the number of blockchain patent applications is only 909, which is 16.2% of last year. It can be expected , this year it will be difficult to reach the number in 2018.

The situation in other global markets is not optimistic either. Searching for "blockchain", there were only 158 patent applications in the first half of this year, accounting for only 7% of last year's total.

This decline is caused, on the one hand, because the development of blockchain technology may enter a plateau period, and the patent layout in the blockchain field has entered the final stage, and all patents in this application have been applied for. , naturally reducing investment; on the other hand, the effectiveness of blockchain implementation is insufficient and no short-term effects can be seen. Enterprises that use KPIs as assessment targets naturally reduce investment in blockchain; finally, it may be due to market reasons. The price collapse of crypto assets in half a year has affected the financing, production and other activities of block companies, which in turn has affected patent applications.

Where have Alibaba and Tencent gone?

The most surprising thing is that Alibaba was not so "progressive" in terms of blockchain patents in 2019. He won the "championship" for two consecutive years in 2017 and 2018, but he was missing from the top ten this year.

According to data obtained by interlink pulse query innojoy, Alibaba Group applied for 12 patents in the first half of 2019, ranking only 12th.

In addition, Tencent, another major Internet company, has also significantly slowed down the pace of blockchain research and development. There were only 7 related patent applications in the first half of the year, ranking 22nd.

In the first half of the year, China Unicom had the largest number of applications, with 50 applications. Ping An Technology, Complex Beauty, Wangxin Technology, and Network ranked 2-5 with 27, 25, 23, and 20 applications respectively.

Similar to the previous two years, there are two native blockchain companies in the top ten - Complex Beauty and Qulian Technology.

The evolution of China’s top ten blockchain patents

Native blockchain companies initially occupied a dominant position in related patents.

In 2015, China’s blockchain patent applications began to take off, with a total of 30 applications. The earliest batch of native blockchain companies have become the main force in blockchain patent applications. Bubi Blockchain, established in 2015, has applied for 8 related patents.

In 2016, the world continues to be dominated by native blockchain companies. In addition to Bubi Blockchain, there are also Hangzhou Yunxiang Blockchain, Hangzhou Complex Beauty, Beijing Tiande Technology, and Beijing Zhongxiang Bit Technology. Batch blockchain patent applications. The number of blockchain patent applications jumped to 470 that year.

It is worth noting that in 2016, Internet and financial technology companies joined the research on blockchain. The patent applications of Alibaba (7 cases) and China UnionPay (8 cases) showed that they are in the region. Blockchain business layout.

In 2017, more companies and organizations joined in blockchain research, and the number of patent applications that year was 1,478, more than three times that of 2016. In that year, Alibaba’s number of blockchain patent applications exploded (57), becoming the number one blockchain patent application.

It can be seen from the patent list that year that a group of traditional large companies poured into blockchain research, including Tencent, China Merchants Bank, China Unicom, Inspur Technology, Dianrong, etc., which all applied for more than 10 patents that year. More than 100 blockchain patents. However, native blockchain companies such as Zhonglian, VeChain, Ouluian, Qulian, etc. all ranked in the top ten in terms of patent applications that year.

In 2018, the number of blockchain patent applications was as high as 5,606. Traditional technology companies are accelerating their deployment in the blockchain field. Ping An Technology, Internet, Tencent, ZhongAn and Xunlei Group's Netcenter Technology entered the top ten in terms of patent applications that year, squeezing out native blockchain companies. Among the top ten, there are only two native blockchain companies, Complex America and Zhonglian.

Traditional technology companies and financial companies have advantages in technology, talent, and market, and most of them are trying to seize the market for blockchain patents.

The three poles of blockchain

As of the end of the first half of 2019, the number of blockchain applications in China exceeded 8,440. Alibaba still tops the list with 257 items. Complex Beauty and Zhonglian Technology are two native blockchain companies.

Interchain Pulse selected the top 30 companies with the highest number of blockchain patent applications and further subdivided them into Internet companies, financial technology companies, and blockchain companies according to their fields.Chain companies, communication companies, Internet of Things companies, universities and computer companies.

Currently there is a situation of "three parts of the world". The top 30 companies have applied for a total of 2,431 blockchain patents. Among them, Internet companies applied for 722 patents, accounting for 29.66%, including Alibaba, Internet, Tencent, Netcenter Technology, etc.; followed by blockchain companies, applied for 547 patents, accounting for 22.5%, including Complex Beauty , Zhonglian, Yunxiang, Ouluan, etc.; fintech applied for 541 applications, accounting for 22.2%, including Ping An Technology, Dianrong.com, Taikang Life, WeBank, etc.

The regional distribution of the top 30 blockchain patents also shows a trend of one-third of the world. Companies registered in Beijing applied for 845 patents, accounting for 34.7%, including China Unicom, China Network, Zhonglian, Qihoo, etc.; companies registered in Shenzhen applied for 830 patents, accounting for 34.1%, including Ping An Group, Tencent, Wangxin Technology, Launch Technology, etc.; there were 510 applications from companies registered in Hangzhou, accounting for 21%, including Alibaba, Complex Beauty, Yunxiang, Miyuan, etc. The performance of blockchain company clusters such as Guangzhou and Shanghai is not outstanding.

IV What is the future development prospect of blockchain technology?

Five major aspects of the growth potential of the blockchain industry promote the healthy development of technology< p>Basic overview analysis of blockchain

Blockchain technology is a technical solution for collectively maintaining a reliable database in a decentralized manner. It has the characteristics of decentralization, tamper-proof, and high scalability. , is becoming another emerging technology that will have a major impact on the future after big data, cloud computing, artificial intelligence, virtual reality and other technologies, and is expected to promote mankind from the information Internet era to the value Internet era.

The United States, Japan and some countries and regions in the European Union have elevated the development of blockchain to an important national development strategy and vigorously promoted the research and development, application and promotion of blockchain technology. Our country also attaches great importance to blockchain technology innovation and industrial development. With the joint participation of IT and other companies, a large number of new companies, new products, new models, and new applications have emerged. Blockchain has been widely used in finance, government affairs, energy, and medical care. Applications in other industries are gradually unfolding, and it is becoming an important force driving technological product innovation and industrial transformation in various industries.

Blockchain development is divided into three stages, namely Blockchain 1.0 represented by Bitcoin and related financial infrastructure applications, and Blockchain 2.0 represented by smart contracts. , is currently gradually moving towards the blockchain 3.0 stage, which is based on blockchain technology and has in-depth application of more complex smart contracts.

Statistical analysis of blockchain investment and financing in the first half of the year

Since 2016, the frequency and amount of investment and financing in my country’s blockchain field have increased dramatically. According to the "In-depth Analysis Report on Business Model Innovation and Investment Opportunities in the Blockchain Industry" released by the Qianzhan Industry Research InstituteStatistics show that in the first half of 2018, the financing amount in the blockchain field was approximately 10.7 billion, a year-on-year growth rate of 1,426% compared with the same period in 2017; the number of investment and financing events in the blockchain field reached 205, and it is expected that this year’s blockchain field Investment will usher in another peak.

From the perspective of the distribution of investment and financing rounds in China’s blockchain field, early-stage investment rounds (before Series B) account for more than 95%. Many industry pioneers participate in the investment, and most companies are still in the process of investing. Horse racing and enclosure.

Blockchain investment and financing statistics and growth from 2014 to the first half of 2018

Data source: Compiled by Qianzhan Industry Research Institute

my country attaches great importance to the development and application of blockchain technology. Driven by multiple forces such as policy, technology, and market, the pace of blockchain innovation continues to accelerate, and it is deeply integrated with technologies such as cloud computing, big data, and the Internet of Things. The scope of explored applications has also expanded from digital assets to supply chain management, intelligent manufacturing, Expand and expand in more fields such as industrial Internet, social welfare, copyright protection, etc.

Five major aspects strive to promote the healthy development of blockchain technology and promote the high-quality development of the digital economy

1. In-depth research and grasp of blockchain technology and industry development trends. Pay close attention to the latest trends in international development, jointly promote blockchain-related technology and industry research, promote the standardization of blockchain development industry behavior, and create a good development environment.

2. Strengthen the construction of core technical capabilities of blockchain.

Establish and improve a collaborative promotion mechanism among key enterprises, universities, and research institutions, guide IT enterprises to strengthen technical reserves, accelerate breakthroughs in key core technologies, and improve blockchain performance, efficiency, and security.

3. Support entrepreneurship and innovation in the field of blockchain

Encourage blockchain enterprises and user units to carry out cross-border integration, guide industry organizations to establish public service platforms, and support third-party institutions Carry out blockchain service evaluation and testing, promote rich industry applications of blockchain, and serve the transformation and upgrading of the real economy.

4. Actively build and improve the blockchain standard system

Accelerate the development and application promotion of key standards, and gradually build a complete standard system. Actively connect with international standards organizations such as ITU and ISO, substantially participate in more international standardization work, and actively contribute more "Chinese power."

5. Accelerate the improvement of the policy environment for blockchain development

Support qualified enterprises to carry out application innovation and model innovation, guide and encourage enterprises, universities and scientific research institutes to jointly cultivate blockchain Professional talents needed for chain development. Support qualified blockchain companies to enjoy the country’s preferential tax policies that support the development of the software industry and small and medium-sized enterprises.

The industry is small but has huge growth potential

The blockchain economy is currently on the eve of an explosion. It is widely used in the financial industry, and applications in other industries have also entered the exploration and research and development stage. It is expected that between 2017 and 2022, the direct market value of blockchain will grow from US$410 million to US$76.800 million US dollars, with a compound annual growth rate of 79.6%. It is expected that various blockchain-based extended businesses will reach 100 billion US dollars in 2020.

Industrial application fields continue to expand

The financial industry is the first to apply blockchain technology, and many financial applications have been implemented; the medical industry is an important area of ​​blockchain application and can be more It is good to protect privacy and improve service quality and management efficiency; the demand for blockchain in social forensics is rising rapidly to solve certification problems caused by information asymmetry; the application of blockchain technology in other fields such as communications and supply chain is rapidly expanding .

IV Where to be professional in blockchain technology

China ranks first in the world in the number of blockchain patent applications

my country has a good foundation in the field of blockchain. With the support of a series of previous policies, blockchain technology and industry have developed rapidly and begun to integrate with all walks of life.

The State Council issued the "13th Five-Year Plan" National Informatization Plan in 2016, which listed blockchain technology as a strategic frontier technology. In June 2018, the Ministry of Industry and Information Technology issued the "Industrial Internet Development Action Plan (2018-2020)" to encourage the application research and exploration of emerging cutting-edge technologies such as blockchain in the Industrial Internet.

China’s number of patent applications in blockchain technology has ranked first in the world in recent years. The "2018 China Electronic Banking Survey Report" released by the China Financial Certification Center (CFCA) at the end of last year showed that more than half of the world's existing blockchain-related patent applications came from China. By the end of 2017, the number of patent applications exceeded 1,200, surpassing America, becomes number one.

At present, the top three Internet giants Alibaba, Tencent and the Internet are all trying to implement blockchain technology and involve more basic technology development, such as the Internet Super Chain Platform, Ant Blockchain BaaS Platform, Tencent Cloud TBaaS blockchain service platform, etc.

Currently, globally, from the perspective of enterprises, blockchain technology competition has formed the first and second echelons. As of April 2019, Alibaba ranked first with 290 blockchain patents. Ranked first in the global blockchain patent rankings in the first half of 2019. Observing the companies in the first and second tiers at the same time, we found that they are all from China. Overall, Chinese Internet companies have relatively deep technological accumulation in blockchain. China has a greater technological competitive advantage in the field of blockchain.

Statistics of the first and second tiers in the global blockchain patent rankings from January to April 2019

< p>

Data source: compiled by Qianzhan Industry Research Institute

For more data sources and analysis, please refer to the "China Blockchain Industry Business" published by Qianzhan Industry Research Institute. "In-depth Analysis Report on Model Innovation and Investment Opportunities". At the same time, the Forward-looking Industry Research Institute also provides solutions such as industrial big data, industrial planning, industrial declaration, industrial park planning, and industrial investment promotion.

VI The core of complex beautyTechnology - the development of the Chain33 blockchain system

After understanding the basic situation of the company, Gao Guofei and his party sat in the conference room with Wu Sijin and listened to the introduction of the core technology of Complex Beauty - the Chain33 blockchain system. introduce. Regarding the development of blockchain technology, District Chief Gao Guofei was very optimistic. He said: "Blockchain must be a cutting-edge technology. In the future, the underlying layer must be highly transparent and highly credible." He also praised the beauty of complexity, "You guys It is an enterprise with real talents and real abilities." Wu Sijin also said that the core competitiveness of Complex Beauty is talent. Hangzhou has the best technical developers in the country and even the world. Complex Beauty has now attracted a large number of technical talents to join, many from Alibaba, Huawei, etc.

At the end of the survey, District Mayor Gao Guofei continued to have in-depth exchanges with Wu Sijin, hoping to hear what support the company needs from the government at the current stage of development. When talking about the financial situation of enterprises, District Mayor Gao Guofei also pointed out that the district's fiscal development guidance fund can focus on the next step, so that enterprises can put down their burdens and focus more on research and development. District Chief Gao said humorously, “I can’t understand blockchain technology now, but I won’t be able to reach it in the future (when it develops).” Wu Sijin also said that 33 Complex Beauty is now developing steadily, and leaders come to guide us more and give us confidence. What should we do? All difficulties can be overcome.

Finally, in a pleasant and peaceful atmosphere, Gao Guofei and his team’s visit and research on Complex Beauty came to an end.

About Complex Beauty

The implementation of the Chain33 parachain architecture is a major breakthrough in the entire blockchain industry and an important prerequisite for quickly building a public chain. The developer of Chain33’s underlying architecture is Complex Beauty Technology Co., Ltd., a leading company in the blockchain industry. Hangzhou Complex Beauty Technology Co., Ltd. (www.33.cn) was founded in 2008. It has China’s first blockchain invention patent: wallet retrieval function. It has applied for nearly 200 blockchain invention patents, including 7. It has been authorized and 148 items have been made public, ranking among the top 10 in the world with Alibaba and Tencent. It has officially launched blockchain projects for many Fortune 500 companies such as Hainan Horizon, Midea Finance, and power giants. After five years of development, Chain33 has been open sourced since November 2018. The code has been submitted to the Github open source community more than 8,000 times and has been recognized by many partners.

Introduction to Chain33 Parallel Public Chain

Chain33 is a blockchain development system built by 33 Complex Beauty over a period of five years. Its first parallel public chain architecture (hereinafter referred to as parachain ) has been recognized and followed up for research by the Internet, Alibaba, 360 and other institutions. At present, the parachain has reached a cooperation with Microsoft and has been listed on the recommended page of the Microsoft cloud Azure market, which means that users can access the parachain more easily.

Ⅶ How will Bank of China increaseBig Technology Innovation R&D Investment

On August 9, 2018, Bank of China Chief Information Officer Liu Qiuwan made a statement at the banking industry press conference with the theme of "Accelerating Fintech Innovation and Comprehensively Promoting Digital Transformation" The above expression. According to his disclosure, the Bank of China is also actively preparing to explore the establishment of financial technology companies, and there may be new initiatives within this year.

It is also reported that Bank of China uses real-time analysis, big data and artificial intelligence technology, combined with internal and external data, to conduct customer funds through comprehensive analysis of customers, accounts and channels. It conducts flow monitoring, optimizes the credit risk evaluation system, identifies potential violating customers, and has initially built a risk control system covering real-time anti-fraud, intelligent anti-money laundering, credit risk, market risk and operational risk. Since the end of 2017, it has monitored hundreds of millions of transactions and intercepted thousands of fraudulent transactions, preventing customers from losing tens of millions of yuan.

In terms of applying technological means to prevent and resolve financial risks, Guo Weimin, general manager of the Internet Finance Department of the Bank of China, said that for enterprises, many corporate risks in the past still relied on structured data and fixed risk models, including assets, cash flows, collateral, etc. Now we can make full use of big data and artificial intelligence technology and use robots to structure some unstructured data.

“In other words, there may be a group complaint against a certain company, and there may be some reflections on social networks or other aspects of the Internet, but it is not structured data. Our robot will pay attention to these hot spots, At the same time, we associate the risk with the enterprise. Through structured risk reminders such as courts, industry and commerce, quality inspection, or bond registration, we can also associate it with the enterprise and the upstream and downstream of the enterprise through public opinion, which may penetrate For companies with more than two tiers including equity and guarantee relationships, and then aggregating these risks into one company, this can help us effectively predict the potential risks of this company and effectively reduce the non-performing rate." He said.

VIII Blockchain Era: Transformation from Information Internet to Value Internet

Guosen’s Viewpoint

Guosen Overseas Group’s Viewpoint:

Internet Development Until now, its main function is to allow information to circulate on the Internet, and information is spread by copying (A is copied to B). The "ledger" constructed by the blockchain is open, transparent, non-tamperable, peer-to-peer interconnected, and easy to trace, and builds an infrastructure based on a trust mechanism to allow the value of digital assets to circulate efficiently on the Internet, and digital assets occur on the Internet. Transfer of value (transfer from A to B, rather than copying from A to B). We are optimistic about the future of blockchain. However, the most important achievement of blockchain at this stage is the evangelism of ideas. Its emergence allows the market to see the shortcomings of the "Internet of Information" and the trend of the "Internet of Value".

Comments

The relationship between blockchain and Bitcoin

Explaining blockchain, there is no way around Bitcoin. Bitcoin “Invented” and Proven BlockchainThe feasibility of this technology, Bitcoin is not the whole of blockchain technology, it is just one of its applications. Without Bitcoin, it’s possible that blockchain wouldn’t have happened, or at least not anytime soon.

The origin of the word "blockchain" is the "chain of blocks" in the original English version of the Bitcoin white paper. When translated into Chinese, the word "blockchain" is used. As the focus of Bitcoin mining shifts to China, the Chinese market has become the main battlefield for blockchain and Bitcoin. The English domestic market of blockchain is written as "blockchain", which has become a proper noun for the entire blockchain technology in the world. (Noun evolution path: chain of blocks - blockchain - blockchain).

The total amount of Bitcoin is limited, stimulating market speculation

Whether Bitcoin is regarded as a commodity or currency, due to its limited total amount, it stimulates market speculation on Bitcoin. Price, referred to as currency speculation. According to the Bitcoin generation mechanism, the total number of Bitcoins is 21 million.

Bitcoin is the reward after a new block is connected. A block is generated every 10 minutes. A certain number of Bitcoins are rewarded for each block generated. 50 are rewarded in the first four years. The number of Bitcoin rewards is halved every four years, so the total number of Bitcoins is 21 million. Calculation method: {50 X 6 X 24 X 365} X 4 X {1+1/2+. . . . . (1/2)n}=21 million (2.1*107).

Technical principles of blockchain

Blockchain timestamps all transactions through random hashing and merges them into an ever-extending random hash-based, working The proof-of-work chain is used as a transaction record. Unless all the proof-of-work is completed again, the transaction record cannot be changed. There are three steps to form a new block:

1. The miner packages the four parts of the "ledger, the header of the previous block, the timestamp, and the random number sequence X" within a period of time into a block;

2. Through a large number of calculations, the miner adjusts the random number sequence X of the block, generates the composite required hash value, and obtains Bitcoin rewards.

3. Miners connect the new block with the previous block to form a new blockchain.

The number of patents is an important indicator for quantifying blockchain companies at this stage

The global blockchain industry is still in the early stages of development. Most companies are in the conceptual design stage and have no commercialized products. It is difficult for the outside world to objectively evaluate the pros and cons of startup companies. We believe that the number of blockchain invention patents can reflect the potential of each company and is an important indicator for distinguishing blockchain companies through quantitative means at this stage.

Investment advice: Based on the company’s fundamentals, focus on the value Internet in the blockchain era

With the development of the Internet to this day, its main function is to allow information to circulate on the Internet., information is spread by copying (A copies to B). The "ledger" constructed by the blockchain is open, transparent, non-tamperable, peer-to-peer interconnected, and easy to trace, and builds an infrastructure based on a trust mechanism to allow the value of digital assets to circulate efficiently on the Internet, and digital assets occur on the Internet. Transfer of value (transfer from A to B, rather than copying from A to B). We are optimistic about the future of blockchain. However, the most important achievement of blockchain at this stage is the evangelism of ideas. Its emergence allows the market to see the shortcomings of the "Internet of Information" and the trend of the "Internet of Value".

Realizing the "Internet of Value" requires large-scale application implementation, not a single technology. At this stage, blockchain is still in its early stages of development. We are optimistic about the future of blockchain, but we do not overestimate the present of blockchain.

In the Hong Kong stock market, there are many companies involved in blockchain. Based on the company's fundamentals and the number of blockchain patents, we recommend Tencent Holdings and Launch Technology, maintaining performance forecasts and recommendation ratings.

Tencent (0700.HK): We expect the company’s revenue growth rate from 2019 to 2020 to be 22% and 22%, and net profit growth rate to 23% and 16%, of which NON-GAAP profit growth rate is 15%, 16%. The EPS corresponding to 2019 and 2020 are HK$10.4 and 12.1, and the target valuation range is maintained at 380 to 400 yuan, corresponding to 31 times to 33 times PE in 2020. The overweight rating is maintained.

Launch Technology (2488.HK): We predict that the company’s revenue growth rate from 2019 to 2020 will be 9.7% and 12.2%, and its net profit growth rate will be 69% and 29%, corresponding to EPS of 0.32, 0.42 Hong Kong dollars. We maintain a "buy rating" and recommend a reasonable valuation of HK$8-9, corresponding to 25-28 times PE in 2019.

Risk warning

1. Blockchain concepts cannot be turned into products. 2. The emergence of new technologies causes the blockchain to be falsified. 3. The profits from the company’s existing business cannot support the long-term R&D investment in blockchain.

Appendix: Blockchain-related companies in Hong Kong stocks

1. Tencent (0700.HK): There is a dedicated blockchain portal (https://trustsql.qq). On October 19, 2019, Tencent released the "2019 Tencent Blockchain White Paper" to provide an overall introduction to Tencent's blockchain. The solution includes the TrustSQL blockchain underlying platform and Tencent Cloud TBaaS, and displays four Tencent blockchain best practices in detail, including blockchain electronic invoices, micro-enterprise chain, Zhixin chain and blockchain bank draft. Tencent, which focuses on "connection", continues to develop infrastructure construction in the field of blockchain and promotes the implementation of "blockchain+" industry solutions to promote value connections between enterprises and between enterprises and consumers. Through the "blockchain+" model, we empower the financial and real industries, promote the integration of blockchain and industry, and accelerate progress.Industrial blockchain construction.

2. China Mobile (0941.HK): On October 15, 2019, the Blockchain Service Network (BSN) press conference and event was hosted by the Information Center, hosted by China Mobile Communications Group Corporation and China UnionPay Co., Ltd., and co-organized by Beijing Hongzao Technology Co., Ltd. The Technology Development Summit Forum was successfully held in Beijing. China Mobile utilizes existing resources, cloud facilities and computing storage facility resources to conduct independent research and development and optimize existing facilities; as a new cornerstone, China Mobile promotes the mutual empowerment between 5G and blockchain.

3. Ping An of China (2318.HK): The number of global blockchain invention patent applications disclosed in 2018 was 84, ranking 7th in the world. Ping An relies on blockchain technology to improve the intelligent level of urban management. Ping An applies blockchain to medical health, targeted poverty alleviation, social welfare, etc.

5. ZhongAn Online (6060.HK): Anlian Cloud, a professional ecological cloud service platform based on artificial intelligence, blockchain and cryptography. The platform uses Zhongan Chain independently developed by Zhongan as its underlying infrastructure and also develops electronic signing , digital identity, distributed encrypted storage, certificate storage, traceability and other nearly 10 vertical applications.

6. Kingsoft (3888.HK): It was the first to implement Game + Blockchain applications and solutions. Currently, the game cloud business is exploring the application of blockchain technology and accelerating the expansion of the game ecosystem. In the first half of 2018, Kingsoft Cloud took the lead in launching the "project-X" plan for the entire ecosystem of blockchain games, realizing a project consisting of blockchain platform infrastructure construction, blockchain underlying technology, and blockchain game development, operation, and distribution. Complete blockchain game ecological structure.

7. HC Group (2280.HK): On January 31, 2018, HC Group announced that its first application scenario based on blockchain was officially launched. The cooperation framework agreement signed with Joyvio Technology will start from the agricultural field to build the HC Group District. Blockchain products use the advantages of industrial big data and blockchain application scenarios to expand the modern agricultural blockchain market.

8. Launch Technology (2488.HK): The company is China's earliest leading high-tech enterprise dedicated to the research and development and production of automobile diagnosis, testing, maintenance, and tire equipment. As a leader in the Internet of Vehicles industry, the company is deeply involved in exploring solutions for the integration and monetization of automotive big data. In 2018, the company ranked fifth in the world in terms of the number of blockchain-related patent applications, standing at the forefront of new blockchain technologies. The company has combined blockchain technology with industry applications and developed the "Super Chain Project" series product, a 4G vehicle data collection terminal with blockchain technology - GTBOX-I, tailored for the Internet of Vehicles industry. Launch Technology has publicly stated its position many times: No matter whether it is declining or rising, it refuses to get involved in digital currencies and ICOs. It neither public nor private placements, and concentrates on exploring the value of the chain.

9. Meitu Company (1357.HK): The vision of Meitu Blockchain is to connect the digital world and the real world by creating a decentralized, secure and encrypted identity pass for users: Meitu Intelligent Passport (MIP - Meitu Intelligent Passport), creating a trusted blockchain environment. On the one hand, Meitu Intelligent Pass (MIP) allows users to anchor assets scattered across various applications on the blockchain, and through face recognition AI verification, use various applications more conveniently and securely, and receive privacy protection; On the other hand, Meitu Intelligent Pass (MIP) also allows some services that require strong verification, such as the medical and education fields, to more effectively use blockchain to serve users.

10. Gome Retail (0493.HK): On April 14, 2018, according to Gome Retail, Gome has entered the era of comprehensive digitalization. Operating digital stores is Gome’s “No. 1 Project”, and the company’s focus on blockchain technology and decentralization Technology is always doing research. The relevant person in charge of Gome Retail said: Gome’s shared retail business model and employee beauty store retail strategy are very consistent with the decentralized model system of the blockchain. The employee beauty store is also a new channel that Gome hopes to build.

(Source of article: Guosen Securities)

Solemn statement: The purpose of releasing this information is to spread more information and has nothing to do with the position of this site.

Ⅸ What is the current overall market situation of blockchain?

This type of market is good. You must consider many aspects. When choosing, you must first choose according to the demand situation, and also pay attention to the strength of the team. And the effect situation, BakerChain blockchain, I suggest you get to know it. It was founded in the United States in March 2017. It has good reviews in the industry and a good reputation.

X Ant Financial has become the only Chinese founding company due to blockchain

Recently, the Massachusetts Institute of Technology in the United States announced that it will cooperate with several top technology companies around the world on July 18, 2018. Jointly launched the MIT Financial Technology Laboratory, the main research directions include blockchain development, privacy security, databases, encryption systems, etc. Ant Financial is the only Chinese founding company.

What Jiang Guofei, the head of the Ant Technology Laboratory, said in an exclusive interview is also very illustrative: This person has been traveling in Tokyo Bay and New York Bay for the past 15 years. The former NEC (Nihon Electric) Technology VP said that in terms of independent research and development of cutting-edge core technologies such as blockchain, China and the United States are almost on the same starting line. This is a sight that has never been seen before. "Whether it's Tokyo Bay, New York Bay or San Francisco Bay, they all emerged from the surge in comprehensive national power of Japan and the United States respectively. Now it's China time, so I'm back."

Content source Phoenix net