Insights

Recent Blockchain Trends and Stats in China

Data continues to be a missing piece in the Blockchain industry. The Global Coin Research team have attempted to gather some data from various foreign as well as Chinese local sources to unveil some trends that are going on right now in China. Some of the texts are translated directly from the article on People's Daily.

In China, government policy and investment prospect is correlated with blockchain popularity

According to Baidu search index, blockchain reached its peak popularity in January 2018 and then began to fall rapidly regarding public attention. Its demand increased again gradually in mid-February, reached a high point in early March, and then started to show a downward trend.

What we hypothesize is that the blockchain craze at the beginning of this year was related to the price surge of Bitcoin. The discussion during China’s Two Sessions in 2018 accounted for blockchain’s popularity in March. Due to the Chinese government’s reserved attitude regarding blockchain during C...

 


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