Recently, CCID Consulting Digital Economy Industry Research Center released the “2020-2021 Annual Report on the Development of China’s Blockchain Industry”, which analyzed the development of the global and China’s blockchain industry in 2020, and also gave a judgment on the trend of China’s blockchain industry in the next two years. Tencent has successfully led the competitiveness list of China’s top blockchain enterprises and ranked the first in China’s blockchain industry with its leading blockchain solutions, TBAAS solutions and TrustSQL financial solutions and other blockchain self-research technologies, industrial practices and positive help to all sectors of society.

In the 2020 Global Blockchain Enterprise Rankings, Tencent also ranks among the Top10, becoming one of the only two IT enterprises in China that focus on blockchain technology development and solutions, showing its strong blockchain technology development strength and industry service ability.

Sadie pointed out that in 2020, under the influence of the COVID-19 epidemic, the growth rate of the global blockchain industry scale slowed down significantly, and the overall scale of the industry reached 2.81 billion US dollars. In terms of industrial structure, the industry scale of computing in the basic hardware layer is US $440 million, accounting for 15.7%, ranking the second overall. In the application service layer, the industry scale of financial application reached 570 million US dollars, ranking the first overall, accounting for 20.3%.

In China, the scale of the national blockchain industry will reach 2.78 billion yuan in 2020, with a growth rate of 33.7%, surpassing the global blockchain industry growth rate and becoming one of the countries with the greatest development potential in the global blockchain industry. China’s non-digital currency blockchain enterprises have a large base and strong innovation ability. Most of these enterprises take the alliance chain as the underlying structure and are relatively mature in technology. However, the penetration rate of the industry end users under the current industrial chain needs to be improved. With the further increase of the demand for improving the quality and efficiency of the manufacturing industry, it is expected that the demand of the industry end users to deploy blockchain solutions will gradually increase in the future, and the market space will be further enlarged.

Tencent has been developing blockchain technology since 2015, and is one of the core promoters for the development of China’s blockchain industry. In the practice of helping the industry with block chain technology, Tencent has inspired the positive role of industrial block chain in the development of all walks of life.

In 2020, Tencent made a breakthrough in blockchain technology innovation by adopting the quantum secure cryptographic algorithm. The underlying hard secure blockchain has the characteristics of flexible algorithms. Relying on the leading blockchain platform, trustSQL blockchain underlying services, Chainmaker blockchain open-source underlying software platform, TBAAS underlying chain management platform, FISCO BCOS blockchain underlying platform security advantages attributes, Tencent has been making great efforts in application scenarios such as electronic deposit forensics, credit information sharing, government affairs data service, supply chain traceability, social welfare, etc., and won the “User Recommends Brand in Blockchain Application Area”.

After more than five years of development, Tencent has built the full stack operation capability of industrial blockchain from the underlying engine to the upper products.

Tencent blockchain technology landing memorabilia:

  • In April 2020, Tencent “led the block chain platform” and Beijing Founder Notary Office jointly built the block chain electronic data service platform, providing original forensics, infringement forensics, electronic notarization, data verification and other capabilities for B-end and G-end users
  • In July 2020, Tencent realized the real-time information linking of wine production, circulation and marketing links and the whole process of “one thing, one code, one certificate” authenticity traceability for Changyu Group
  • In November 2020, Tencent “led the block chain platform” to build a block chain government center platform for Wuhan Smart City Brain, comprehensively reducing the difficulty and cost of government cross-department data exchange and supervision
  • In December 2020, Tencent responded to the requirement of normalizing national epidemic prevention and control, and became a reliable traceability platform for cold-chain food products in Hainan Province and Shenzhen City