
China sees spike in companies with blockchain in their name
Despite banning crypto exchanges, China wants to be a frontrunner in blockchain technology
Cryptocurrency may be banned in China, but there’s a blockchain boom of sorts happening right now.
In comparison, the US has only 817 -- about a fifth of the number in China.

There are now over 17,000 companies that list blockchain -- or qukuailian as it is known in Chinese -- as part of their business activities. But whether those companies actually use the technology is a different story.
As the price of bitcoin spiked last year, a number of companies sought to jump on the bandwagon by adding related terms to their names -- despite previously having very little to do with the technology.
One Chinese startup wants to build a blockchain toothbrush to mine coins while you clean your teeth
For more insights into China tech, sign up for our tech newsletters, subscribe to our Inside China Tech podcast, and download the comprehensive 2019 China Internet Report. Also roam China Tech City, an award-winning interactive digital map at our sister site Abacus.
For more insights into China tech, sign up for our tech newsletters, subscribe to our Inside China Tech podcast, and download the comprehensive 2019 China Internet Report. Also roam China Tech City, an award-winning interactive digital map at our sister site Abacus.
