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China's IT Ministry: 2017 Saw 'Exponential' Blockchain Growth
May 21, 2018
 

Nearly 40 percent of all Chinese blockchain startups emerged in 2017 alone, according to a new white paper published by China's Ministry of Industry and Information Technology.

Revealed by the ministry's Information Center on Monday, the blockchain industry paper indicates that currently China has 456 startups that focus on blockchain technology development and applications as part of their core business. While the number of new blockchain firms in 2016 had tripled compared to that in 2015, 2017 saw "exponential" growth, it says, with a total of 178 newcomers to the space.

Source: Coindesk (https://www.coindesk.com/2017-saw-exponential-blockchain-startup-growth-says-chinas-it-ministry/)