The document discusses 8 trends in the blockchain and cryptocurrency market in China for 2019. The trends include: 1) The Chinese government has a complex relationship with blockchain and cryptocurrency where it both supports development but also increases regulation. 2) China is exploring developing its own central bank digital currency. 3) Chinese exchanges drive a large volume of global cryptocurrency trades. 4) China dominates Bitcoin mining globally. 5) Blockchain adoption is growing among large Chinese companies like Baidu, Alibaba, and Tencent. 6) Blockchain investment in China is shifting to later stage companies. 7) Consumer focused blockchain protocols and tokens are more popular in China. 8) ICOs have been replaced by IEOs (Initial

1. Edith Yeung | @edithyeung | edith.co
China
Blockchain
Trends
Report
2019
中国区块链趋势报告
Edith Yeung
July 18, 2019

2. Edith Yeung | @edithyeung | edith.co
Twitter: @edithyeung
Email: edith@proof.fund
https://slideshare.net/edithyeung

3. Edith Yeung | @edithyeung | edith.co
Disclaimers
• This session is purely for knowledge sharing
• I cannot give you any investment or legal advice ☺.
• I am not a lawyer or financial advisor.
• Crypto and token investments are extremely risky
• Please DO NOT invest in anything you don’t truly understand and
cannot afford to lose

4. Edith Yeung | @edithyeung | edith.co
⼈人⼯工智能
Bitcoin ⽐比特币
Blockchain 区块链
Exchanges 交易易所
Mining 挖矿
Chive ⾲韭菜
Ethereum 以太坊
Crypto Chinese 101

5. Edith Yeung | @edithyeung | edith.co
Trend 1 - Government Love / Hate
Relationship with Blockchain and Crypto
⼜又爱⼜又恨

6. Edith Yeung | @edithyeung | edith.coSource: Techcrunch

7. Edith Yeung | @edithyeung | edith.coSource: Verge

8. Edith Yeung | @edithyeung | edith.coSource: Xinhuanet

9. Edith Yeung | @edithyeung | edith.coSource: Technode

10. Edith Yeung | @edithyeung | edith.coSource: CNBC

11. Edith Yeung | @edithyeung | edith.co
164
Companies that made the
first list of registered
blockchain providers in
March 2019.
1,500
China’s blockchain and
crypto patents, which have
grown five times since
2016.
263
Blockchain projects
located in China as of
2018, 25% of world’s total.

12. Edith Yeung | @edithyeung | edith.co
Trend 2 - China is looking into its
own central bank digital currency

13. Edith Yeung | @edithyeung | edith.coSource: CCTV
China State TV: Blockchain Is ’10 Times More
Valuable Than the Internet

14. Edith Yeung | @edithyeung | edith.coSource: SCMP

15. Edith Yeung | @edithyeung | edith.co
Trend 3
Chinese
Exchanges are
the Driving
Force of Global
Trade Volume

16. Edith Yeung | @edithyeung | edith.co
Crypto Trading by the Number
(June 2018 vs July 2019)
June 2018 July 2019 % Change
Total Market Cap $301 Billion $256 Billion -17.3%
BTC Dominance 39.1% 66.1% 40%
Bitcoin Price $6562.72 $9518.78 42%
# of Tokens 1600 2332 45%
# of Markets 10000 19424 94%
Source: CoinMarketCap

17. Edith Yeung | @edithyeung | edith.co

18. Edith Yeung | @edithyeung | edith.co
1. Bitcoin
2. Ethereum
3. XRP
4. Bitcoin Cash
5. Litecoin
6. Tether
7. EOS
8. Binance Coin
9. Bitcoin SV
10.Stellar
Top 10 Crypto Currencies by Trading
Volume (June 2019)
Source: Coinmarketcap

19. Edith Yeung | @edithyeung | edith.co
Top Crypto Exchanges by Adjusted Trading Volume
July 2019
1. Binance
2. Coinbase Pro
3. Bitfinex
4. Kraken
5. HitBTC
6. Bitstamp
7. Kucoin
8. Huobi
9. Upbit
10.Gate.io
Source: CoinGecko
1. Huobi DM
2. Bitmex
3. Bitflyer
4. Derbit
5. Gate.io
6. Kraken
7. GMO
8. dYdX
9. OKex

20. Edith Yeung | @edithyeung | edith.co
Trend 4
China is the World Leader in
Bitcoin Mining

21. Edith Yeung | @edithyeung | edith.coSource: Chris McCann / Proof of Capital

22. Edith Yeung | @edithyeung | edith.co
Bitmain, Canaan, and WhatsMiner are among
the top mining hardware companies in the world

23. Edith Yeung | @edithyeung | edith.co
Chinese mining pools control more than 70% of
the Bitcoin network’s collective hashrate.
Source: blockchain.info

24. Edith Yeung | @edithyeung | edith.co
Trend 5 - Blockchain for enterprises is on
the rise

25. Edith Yeung | @edithyeung | edith.co
Baidu, Alibaba and Tencent are getting into
blockchain too
▪ In September 2018, Baidu Finance
released its first blockchain whitepaper
outlining capabilities in consumer
finance, management of financial clients
and community building, asset
digitization, public welfare, identity
systems, digital rights management and
logistics.
▪ Of the 197 registered projects by the
Cyberspace Administration of China,
Baidu has three: Baidu Blockchain Engine,
Superchain, and Tuteng.
▪ In October 2018, Alibaba Cloud launched
its global Blockchain-as-a-Service (BaaS)
offering, which provides enterprise-level
platform services to help companies build
a trusted cloud architecture.
▪ Tencent, along with Huawei and several
other companies, formed the Financial
Blockchain Shenzhen Consortium (FISCO).
▪ Their goal is to develop China’s first
open-source platform that meets
regulatory requirements and financial
industry demands.
▪ Tencent’s registered projects include
Tencent blockchain and Tencent Cloud’s
TBaaS platform.

26. Edith Yeung | @edithyeung | edith.co
Trend 6 - Blockchain venture investment is
changing

27. Edith Yeung | @edithyeung | edith.coSource: SCMP

28. Edith Yeung | @edithyeung | edith.coSource: CBInsights

29. Edith Yeung | @edithyeung | edith.coSource: CBInsights

30. Edith Yeung | @edithyeung | edith.co
Trend 7 - Consumer focused protocols and
tokens are more popular in China

31. Edith Yeung | @edithyeung | edith.co

32. Edith Yeung | @edithyeung | edith.co

33. Edith Yeung | @edithyeung | edith.co
Trend 8 - No more ICO. Say hello to Initial
Exchange Offering (IEO)

34. Edith Yeung | @edithyeung | edith.co

35. Edith Yeung | @edithyeung | edith.co
Top 8 China Blockchain and Crypto Trends
2019
• Trend 1 - Government Love / Hate Relationship with blockchain
and crypto
• Trend 2 - China is looking into its own central bank digital currency
• Trend 3 - Chinese Exchanges are the driving force of global
trading Volume
• Trend 4 - China is world leader in Bitcoin mining
• Trend 5 - Blockchain for enterprises is on the rise
• Trend 6 - Blockchain venture investment is changing
• Trend 7 - Consumer focused protocols and tokens are more
popular in China
• Trend 8 - No more ICO. Say hello to IEO - Initial Exchange
Offering

36. Edith Yeung | @edithyeung | edith.co
Twitter: @edithyeung
Email: edith@proof.fund
https://slideshare.net/edithyeung