Blockchain Industry Amid the Pandemic: Opportunities in Crisis, Highlighting Technological Value

Summary

The COVID-19 pandemic has caused short-term negative impacts on Blockchain companies, but the medium to long-term effects are limited. Over 80% of companies reported being affected by delayed work progress, high fixed costs, and hindered cooperation. The response measures include implementing remote work, changing marketing and service models, and developing anti-epidemic applications. The scale of Blockchain anti-epidemic applications is not prominent, accounting for only 9%, mainly constrained by the stage of industry development, technological maturity, and application conditions. Over 60% of companies have adjusted their short-term strategies, while 22% have adjusted their long-term strategies. Under the pandemic, opportunities have emerged in public warning systems, material traceability, public opinion monitoring, and other fields. In the future, Blockchain empowerment of industries will accelerate, deeply integrating with emerging technologies, and regulatory improvements will promote industry standardization.

I. Research Background and Definition of Research Objects

The COVID-19 pandemic has had varying degrees of impact on different industries. Although blockchain companies have been relatively less affected, their business operations have still inevitably been impacted. In order to understand how companies are responding and the opportunities in the industry, Zero One Finance has partnered with multiple institutions to launch an online survey, collecting information from over 30 blockchain companies to formulate this report.

2. What is the impact of the pandemic on Blockchain enterprises?

( has a short-term negative impact, but the mid to long-term impact is limited.

Nearly 70% of enterprises reported being affected to some extent but have taken countermeasures, 20% stated they were not affected, and 8.7% suffered significant negative impacts. The effects are primarily concentrated in the short term, with limited medium- to long-term impacts, reasons include:

1. The core business is less affected.
2. The pandemic stimulates more application scenarios
3. Long-term policy dividends are improving

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) ### two ( The impact is concentrated on aspects such as delays in work progress and high fixed costs.

More than 80% of enterprises believe that the main impacts include:

• Work progress is delayed
• High fixed cost expenditure
• Business with partner institutions is obstructed.

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3. How do blockchain enterprises turn "crisis" into "opportunity"?

) ### one ( carry out "distributed office" "cloud resumption of work", ensure business progress

Companies generally adopt remote working models, but there are still issues such as low collaboration efficiency and difficulties in supervision.

![])https://img-cdn.gateio.im/webp-social/moments-e83ac836fe185e179cf8c1e436d2ed9f.webp(

) ### two ( Change the marketing model and service delivery methods

Connect with customers through online channels, focusing on mature products and key clients.

) ### three ( Research and develop new products, launch anti-epidemic applications

Applications in areas such as epidemic data monitoring, finance, charity, and healthcare have been launched, but the scale is still not prominent, accounting for only 9%.

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4. What new opportunities are brewing in the Blockchain industry under the pandemic?

) ### One ( Blockchain industry business opportunities

1. Public Warning System: 86.96%
2. Material Traceability: 65.22%
3. Public Opinion Monitoring: 65.22%
4. Identity Information Registration: 52.17%
5. Financial Services: 39.13%

![])https://img-cdn.gateio.im/webp-social/moments-8ef7b80d4eef737320a14da332bcda83.webp(

) ### two ( Blockchain companies are in action

65% of enterprises adjusted their short-term strategy, 22% adjusted their long-term strategy, and 13% did not make adjustments but are paying attention to new opportunities.

![])https://img-cdn.gateio.im/webp-social/moments-710ea610cb140608a722bcbc312b3002.webp(

5. How will the Blockchain industry develop after the baptism of the pandemic?

1. The pandemic accelerates the digital construction of society, and Blockchain empowers the industry will accelerate.
2. Blockchain deeply integrates with cutting-edge technologies such as IoT, AI, and 5G
3. Regulatory regulations are gradually improving, promoting the standardized development of the industry.