During the epidemic, the blockchain's ability to build multi-party collaborative trust in a non-trust environment has attracted much attention. Innovative applications such as charitable donations, food traceability, and access communication have continued to emerge, becoming a dazzling star in the new infrastructure. Under the policy dividend, all sectors of society have set off a wave of "blockchain+". All walks of life are actively exploring innovative models of blockchain applications, emerging in many fields such as finance, transportation, medical care, charity, food and drug traceability, etc. Many solutions.

In terms of the total number of blockchain patent applications in 2020, China, the United States, South Korea, Japan and the United Kingdom have the highest number of applications. Among them, the number of patent applications for identity authorization (2648 items), information security (2223 items), data services (1856 items), and payment (1539 items) is relatively large.

The prosperity of the blockchain industry has also promoted the prosperity and development of the investment and financing market. PAData statistics show that in 2020, a total of 407 projects in the global pan-blockchain field disclosed financing information (excluding acquisitions), a total of 434 investment and financing incidents occurred, and many projects completed multiple rounds of financing during the year. Among the 434 investment and financing incidents, a total of 306 cases disclosed the amount of investment and financing at the same time, involving 293 projects, and the total amount of investment and financing disclosed was approximately US$3.566 billion.

In 2020, a total of 705 institutions (including individuals) have participated in blockchain project investment, of which 12 institutions have invested in more than 10 projects. The most frequent one is NGC Ventures, which has participated in 22 projects.

At present, countries around the world have generally actively explored and supported the value of blockchain technology in terms of data sharing and value circulation efficiency, and actively introduced policies to support the development of blockchain technology, including special fund subsidies, corporate tax incentives, and establishment Sandbox and other methods. In China, more than 20 provinces and cities have put forward blockchain industry development plans in their government work reports.

Accelerating the implementation of industrial blockchain

The combination of blockchain and the real economy has always been one of the most concerned topics in the industry, which also directly affects the future of blockchain technology.

In 2020, the industrial blockchain will accelerate its implementation. In terms of policy, domestic blockchain technology has entered the national top-level design and planning. In February 2020, the People's Bank of China issued the "Financial Distributed Ledger Technology Security Specification" to regulate the application of distributed technology in the financial field. This is also the first blockchain specification in the international financial industry. In April 2020, the National Development and Reform Commission clarified the scope of the new infrastructure and included the blockchain in the new infrastructure for the first time.

In terms of the number of blockchain companies, according to the monitoring data of "Blockchain Home", as of November 16, 2020, the number of domestic blockchain companies registered reached 47,500. Although affected by the epidemic in 2020, the number of China's blockchain patent applications will still reach 7,025. Among them, the top three organizations with patent applications are Tencent (1322), Alibaba (865), and Ping An Technology (587).

In fact, as early as 2017 when the first wave of blockchain appeared, these Internet giants had already begun to build their own blockchain layout. Based on their respective resource advantages in traditional cloud platforms, they have launched a cloud-based blockchain basic service platform to help enterprises quickly get on the chain, thereby promoting industry applications.

Compared with technology giants, listed companies mainly use blockchain technology in combination with their main business directions. From the perspective of the A-share blockchain concept index, 243 listed companies with blockchain deployment are distributed in major industries such as TMT, finance, light industry, machinery manufacturing, and medical services. From the perspective of application, it mainly focuses on finance, logistics, traceability, Internet of Things, law, payment, data, entertainment and other directions.

In the field of industrial blockchain, technology is no longer a strong competitive advantage. Since most of the buyers of blockchain services are local governments and state-owned enterprises, government resources, to G sales and services have become important capabilities that blockchain companies need to possess. Judging from the companies that have recently received investment, their businesses have more or less cooperation with the government.

DeFi brings a new financial paradigm

Almost all VCs in the crypto world are optimistic about the big track of DeFi. At present, DeFi's innovation in blockchain finance has just begun, and its far-reaching significance is no less than the emergence of infrastructure such as Bitcoin. For example, DeFi on Ethereum is a variety of financial tool technologies based on smart contract functions and token standards such as ERC20. These technologies are highly functional and can be programmed to implement a "Lego-style" combination of tools to build a new Of rich applications.

DeFi created a "great migration" of assets and wealth. Various native digital assets chase investment excess returns, from trading platforms and wallets to various decentralized "asset pools" controlled by smart contracts, contribute liquidity to these pools, and then receive rewards for contributing liquidity.

In 2020, DeFi introduced a new "leverage model", which attracted a large number of on-market funds through borrowed mining and self-marketing (AMM) mechanisms. The asset siphon effect triggered by this wave is still spreading. According to statistics from the DeFiBox platform, the amount of funds in DeFi locked assets reached 29.5 billion U.S. dollars last year, a record high.

While optimistic about the development of DeFi, the market has always been skeptical about DeFi. For example, there is a view that DeFi is like the 2.0 version of the ICO bubble.

At present, DeFi is still in the early stage of development, and there are many pain points that need to be resolved, such as code vulnerabilities, security audits of underlying assets, and global network stability. There is still a long way to go before a mature solution.

NFT out of the circle

NFT can be described as the hottest area in the current cryptocurrency market. Since the beginning of this year, NFT has quickly become popular and has become a new form of value-carrying industries such as art collections, games, and sports.

NFT is a non-homogeneous token, which has the characteristics of indivisibility, irreplaceability, and uniqueness. It is a digital certificate that can anchor items in the real world. The key innovation of NFT is to provide a way to mark the ownership of native digital assets, and this ownership can exist outside of centralized services or centralized libraries.

The earliest NFT project can be traced back to CryptoKitties, a game that allows users to breed and collect unique animated kittens. It is precisely because of this game that many people pay attention to "tokenized collectibles". At the peak of its development, the price of a "crypto cat" could even reach $170,000.

Recently, collectibles including the NBA Top Shot, the first tweet from Twitter, and even real estate have examples of casting NFTs, and they have gained great market popularity and high market prices. In February, James Card (NBA Player Highlights) on the NBA Top Shot platform was sold for $210,000. During the same period, some game enthusiasts spent $1.5 million to purchase the NFT map of Axie Infinity.

Generally speaking, the commission of an art exchange is about 10%, but the core value of the NFT exchange lies in its "collection", and the value of its own "collection" determines its flow and trading volume. Take NBA Top Shot as an example. Its essence is a digital version of the star card. Each card contains a wonderful moment of an NBA star. There are two main ways to obtain cards: one is a blind box-like draw mechanism (packs), the official will issue different levels of packs from time to time; the other is to buy your favorite card through the official website Market Place, currently the most expensive is one James' card, worth 250,000 US dollars.