Shenyin Wanguo Securities releases blockchain research report

Rage Comment : More and more securities firms have begun to launch research reports on the blockchain industry. Everyone has realized that blockchain may really become an emerging industry. We may soon see some so-called "blockchain" concept stocks. Of course, it will take some time for blockchain to be put into practical applications. After all, blockchain technology is still in a very early stage, but various giants have begun to make comprehensive arrangements. As Governor Zhou Xiaochuan pointed out that issuing digital currency will be the strategic goal of the central bank, I believe that in the future, blockchain technology and digital currency-related industries will become the focus of more and more people.

Editor: Prince Gong

Shenwan Hongyuan Securities, which was formed by the merger of Shenyin Wanguo Securities and Hongyuan Securities, released a blockchain industry report titled "Blockchain Technology: Disruptive Innovation - Blockchain and Digital Currency Series Report 1: Getting Started Guide (Part 1)".

Follow the WeChat public account “区块链笔Blockchain” and reply with the keyword “申万1” to view and download the full text of this report.

This article introduces in detail the operating principles and characteristics of blockchain technology, as well as the latest evolution of blockchain technology. In particular, there is value in disruptive applications in many fields.

The article mentioned that developed countries are actively deploying blockchain, and payment, financial transactions, data security, and the Internet of Things are blooming in many places. As the limitations of Bitcoin begin to emerge, the application space of blockchain technology combined with smart contracts has opened up and its advantages have begun to show. The focus of investment in the industry has shifted from Bitcoin mining hardware to blockchain technology-related applications. Currently, the highest-valued blockchain company has exceeded US$100 million, and many start-ups are ambitiously deploying in multiple fields such as payment, transactions, and risk control. Financial institutions such as Goldman Sachs, Citi, and Nasdaq are actively exploring the application of blockchain in the financial field, and have vigorously deployed blockchain technology companies related to financial transaction clearing. The pioneer Nasdaq has begun to use blockchain technology for private equity issuance transactions; companies related to the Internet of Things and network security are favored by the government and large institutional investors; the payment field is favored by banks and e-commerce.

This article also points out that the investment strength of relevant Chinese institutions in the industry is relatively small, and a breakthrough is expected in the later stage. In the past, my country's related investment focused on mining, as well as information provision services and consulting such as quotations. There is a lack of application projects with in-depth research and a certain scale. At present, the industry has begun to show a development investment trend towards diversified applications and in-depth development of blockchain, but the scale is small and lacks support from large financial institutions and governments. The blockchain laboratory under Wanxiang Group is a rare R&D project supported by large institutions. With the deepening of the central bank's attention to blockchain and the spillover effect of the latest scientific and technological progress from abroad, accompanied by the more mature blockchain applications and the increase in investable bids, blockchain is expected to become the next hot target after "Internet +". This will stimulate the enthusiasm of entrepreneurs and users, thus forming a virtuous circle for the development of blockchain in my country. The dynamics in the industry are worth tracking and paying attention to.

Shenwan Hongyuan Securities Co., Ltd. ("Shenwan Hongyuan") was formed on January 16, 2015 by the merger of Shenyin & Wanguo Securities Co., Ltd., the first joint-stock securities company in New China, and Hongyuan Securities Co., Ltd., the first listed securities company in the domestic capital market. The company is currently one of the largest comprehensive securities companies in China with the most comprehensive business operations and the most extensive business outlets. It has a registered capital of RMB 33 billion, nearly 8,000 employees, 18 branches and 309 sales offices (including Western Securities) across the country, and overseas branches in Hong Kong, Tokyo, Singapore, Seoul, etc.

The company currently has comprehensive securities business qualifications, mainly including: securities brokerage, securities investment consulting, margin trading, agency sales of financial products, agency sales of securities investment funds, providing intermediary introduction services for futures companies (the above businesses are limited to areas outside Xinjiang, Gansu, Shaanxi, Ningxia, Qinghai and Tibet), securities asset management, securities underwriting and sponsorship (limited to treasury bonds, non-financial corporate debt financing instruments, policy bank financial bonds, corporate bond underwriting), securities proprietary trading (except securities proprietary trading serving securities brokerage business customers in Xinjiang, Gansu, Shaanxi, Ningxia, Qinghai and Tibet).