Blockchain Boom in China: Almost 80 Thousand Companies Registered

Specialists at LongHash, who monitor the blockchain industry in China, informed that there are about 80 thousand companies working with distributed registry technology in the country as of the end of January 2020. Only 26 thousand of them are active although.

The largest number of blockchain firms are located in Guangdong – 22,636. A large number of organizations are registered in the mining centers of the country, Inner Mongolia (4594 pcs.) And Sichuan (4070 pcs.).

Despite the Chinese authorities officially began to support and actively develop the blockchain on their territory, the number of investments and the open companies are much less than in 2018.

Earlier we wrote that the PRC blocked the Ethereum blockchain browser in China. To keep up with the latest news in the world of cryptocurrencies and the blockchain industry, check out updates on TheCoinShark.

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