2018 Market survey report for (non-financial) application of blockchain in China

As a distributed ledger that can settle concerns on trust, blockchain technology has attracted more and more attention.

At the beginning of 2017, blockchain technology was listed in China’s “13th Five-Year Plan” as one of the strategic cutting-edge technologies. Blockchain is expected to usher in a new round of technology revolution and industrial reform in the future.

As indicated in the China Blockchain Technology and Application Development White Paper published in April 2017, China embraced the world’s second largest number of blockchain-based enterprises after the United States. 

In 2018, the China Economic Weekly published a full-page of 3 articles on the blockchain-themed special reports, which helped to publicise the knowledge of blockchain and clarify the development goals.

However, there is still a lack of understanding of blockchain among the public and enterprises as the application market of the technology is at the early stage of development. What are the challenges and opportunities for blockchain technology development in China, and how well do the public and enterprises understand the technology? What kinds of problems do enterprises expect to solve through applying blockchain? These are the issues we look into and seek for answers in the “2018 Market Survey for (Non-financial) Application of blockchain in China” (the Survey).

The Survey is jointly launched by PwC and VeChain.

  • It is the first survey conducted on the application of blockchain in non-financial areas.
  • It is the first time PwC is cooperating with an enterprise specialised in blockchain technology on a survey.
  • 50% of enterprises surveyed generate annual revenue of more than US$100 million. 

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Chun Yin Cheung


Tel: +[86] (21) 2323 3927

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