Editor's Note: This article comes fromInterchain Pulse (ID: HiveEcon), Author: Mutual Chain Pulse·Yuan Shang, reprinted by Odaily with authorization.

Editor's Note: This article comes from

Interchain Pulse (ID: HiveEcon)

Interchain Pulse (ID: HiveEcon)

, Author: Mutual Chain Pulse·Yuan Shang, reprinted by Odaily with authorization.

Before that, China's blockchain industry was driving out good money with bad money. On the one hand, technology companies that really do blockchain can’t raise money or get orders. Except for a few “believers” who are still investing, most companies are already shrinking; Among the 12 early-stage blockchain companies established, 6 of them issued "coins" between 2017 and 2019, and the founder of another company issued coins by itself. From the side, it shows that these companies can't stand it anymore.

On the other hand, fraudulent projects under the guise of the blockchain are marketing aggressively with exchanges, manipulating currency prices, and harvesting leeks.

After the "1024 Conference", the obstacles to the development of the blockchain were eliminated. With the "Poetry and the Distance", many blockchain technology companies began to receive a large number of orders. Illegal activities under the guise of blockchain are also being cracked down.

It seems that the development of blockchain will be smooth sailing. However, after investigating more than a dozen blockchain companies, Mutual Chain Pulse found that only 2 or 3 dared to say that they are guaranteed to be profitable next year. Most companies don't know exactly where the "bread" is.

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The platform is outsourced

Most of the projects engaged in the blockchain, whether it is a public chain or a consortium chain, have an ideal platform - I hope that a set of blockchain systems made by myself can become the infrastructure used by the whole world, the whole country, the whole city, and the whole industry. Applications on this platform use the resources of this platform and must be paid. This is actually a simple business model: "I will drive this road, and keep the money to buy the road."

However, in the course of the game, blockchain technology providers have gradually lost their say. Enterprises or institutions that use blockchain prefer to build this platform themselves. The latter has more resources to support blockchain applications, and it is through the traditional Compared with the unique resources left by the competition in the commercial society, basic blockchain development seems to be less scarce, and the decision-making layer of Party A cannot identify what kind of blockchain is good. As a result, blockchain technology companies have gradually become blockchain "outsourcing" companies.

Becoming "outsourcing" means that blockchain companies cannot achieve the exponential growth brought about by networking, and can only take orders one by one, relying on "labor" to achieve linear growth.

According to the "2019 China Blockchain Industry Talent Supply and Demand Research Report" jointly released by Mutual Chain Pulse and Liepin, the average annual salary of blockchain engineers is 384,000 yuan, which is much higher than the 198,000 yuan of the Internet. Blockchain development companies have to bear higher labor costs than the Internet.

To make matters worse, a software outsourcing company develops a piece of software for an enterprise, and the enterprise can immediately make money through the software.

The person in charge of the blockchain of a large technology company in China analyzed to Interchain Pulse: "Blockchain is not a technology that can directly improve productivity, but a technology that reduces trust costs by gradually changing the production collaboration relationship." The company is responsible for In the process of cooperation between people and enterprises, even rich central enterprises, the other party is not willing to pay for the blockchain. "The reason is very simple. If it is a technical improvement technology, after using it, how much efficiency will be improved immediately and how much money will be made, it is clear, but when using blockchain, when and how much the cost can be reduced is unknown." The person in charge stated.

However, Interchain Pulse asked more than a dozen blockchain development companies about profitability, and believed that there are only three companies that can make net profits next year: Yunxiang Blockchain, Shuqin Technology, and Zhongxiang Bit. These companies are the first batch of companies to enter the blockchain, with more than 100 customers.

Shuqin Technology said: "In the process of technology empowerment, the cost savings for business and the improvement of efficiency can generate continuous cooperative income."

More companies complain that it is very difficult to obtain technical service fees. "We have all negotiated with customers, and the plan has been written, but it was intercepted by the peers, and we used our plan." The CEO of a blockchain company told Interchain Pulse.

For the sake of longer-term development, some powerful Internet companies often acquire projects regardless of cost. Especially some well-known government projects can often get free support from these big factories. Big manufacturers earn brand value through PR.

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Ecology is the real bread

Speaking of the government, many blockchain development companies pin their 2020 profits on government projects. Haichuang Chain hopes that "the more open the government scene is, the better it is expected to be next year."

The relevant person in charge of Conflux also said: The government will be a very important customer paying the bill at present. It depends on whether the government's budget investment in this direction next year will further increase. If so, there will be a positive direction in the direction of the alliance chain soon. cash flow.

Some companies are exploring the possibility of non-outsourcing income. Huang Butian of the Yunxiang blockchain introduced to Mutual Chain Pulse that the operating transaction costs on some project chains will be shared, which is not a large proportion, but it has begun.

Zhongxiangbit also introduced the ongoing model: the enterprise provides customers with blockchain technology, builds a product platform, and jointly operates the product platform with customers. Business share.

LightShu Technology also looks forward to this model: "The project with a relatively mature business model in the world is Komgo. In the early stage, corporate members jointly funded the platform construction, and in the later stage, it was jointly operated and shared."

This model is more pragmatic than the platform model, which exchanges technology for operating income. However, this model can currently be implemented in blockchain businesses with relatively large capital flows, such as the financial field. But in the fields of certificate deposit and traceability, there is no one who pays the bill.

The formation of blockchain ecology is what enterprises look forward to the most for future profits.