China Enters Blockchain 3.0 Era
Since the second half of 2019, corporate customer prioritization, technological advancements by technology leaders and pragmatic government action have brought the Chinese market into the blockchain 3.0 era. This is when blockchain adoption is gaining momentum in all major industries.
In blockchain 1.0, pioneering companies mainly focused on digital currency applications; In blockchain 2.0, forward-thinking enterprises and suppliers have begun to gain business value by testing blockchain technologies.
Leading vendors such as Ant Group, Baidu AI Cloud, EY, Huawei, Neusoft, OneConnect, PeerSafe, Tencent Cloud, and WeBank have made significant strides in blockchain technologies, including asymmetric encryption, zero-knowledge proof, homomorphic encryption, and consistent performance.