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China Blockchain Service Market

ID: MRFR/ICT/60648-HCR
200 Pages
Aarti Dhapte
February 2026

China Blockchain Service Market Size, Share and Research Report: By Platform (Ripple, Ethereum, R3, Hyperledger) and By Cloud (Private, Public, Hybrid)- Industry Forecast to 2035

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Summary Table of Contents Segmentation Download PDF

China Blockchain Service Market Summary

As per Market Research Future analysis, the China blockchain service market Size was estimated at 298.61 USD Million in 2024. The Blockchain Service market is projected to grow from 385.96 USD Million in 2025 to 5020.2 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 29.2% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The China blockchain service market is experiencing robust growth driven by increased adoption across various sectors.

  • The financial services segment remains the largest, showcasing a notable increase in blockchain adoption for transaction processing.
  • Supply chain solutions are emerging as the fastest-growing segment, reflecting a shift towards enhanced operational efficiency.
  • Regulatory compliance is becoming a focal point as businesses seek to align with evolving legal frameworks.
  • Key market drivers include rising demand for transparency and strong government initiatives supporting blockchain technology.

Market Size & Forecast

2024 Market Size 298.61 (USD Million)
2035 Market Size 5020.2 (USD Million)
CAGR (2025 - 2035) 29.25%

Major Players

IBM (US), Microsoft (US), Amazon (US), Accenture (IE), Oracle (US), SAP (DE), Ripple (US), Chain (US), Blockstream (CA)

Our Impact
Enabled $4.3B Revenue Impact for Fortune 500 and Leading Multinationals
Partnering with 2000+ Global Organizations Each Year
30K+ Citations by Top-Tier Firms in the Industry

China Blockchain Service Market Trends

The blockchain service market is currently experiencing a transformative phase, driven by advancements in technology and increasing adoption across various sectors. The integration of blockchain solutions into traditional business models enhances transparency, security, and efficiency. As organizations recognize the potential of decentralized systems, there is growing interest in utilizing blockchain for applications such as supply chain management, financial services, and digital identity verification. This shift indicates broader acceptance of blockchain technology, suggesting it may become a cornerstone of future digital infrastructure. Moreover, regulatory frameworks are evolving to accommodate the unique characteristics of blockchain technology. Governments are exploring ways to create conducive environments for innovation while ensuring consumer protection and compliance. This regulatory clarity could foster greater investment in the blockchain service market, as businesses seek to leverage the benefits of this technology. The ongoing collaboration between public and private sectors may further accelerate the development of blockchain solutions, positioning the market for sustained growth in the coming years.

Increased Adoption in Financial Services

The blockchain service market is witnessing a notable rise in adoption within financial services. Institutions are exploring blockchain for its potential to streamline transactions, reduce costs, and enhance security. This trend suggests a shift towards more efficient financial operations, as organizations seek to leverage the advantages of decentralized ledgers.

Focus on Regulatory Compliance

Regulatory compliance is becoming a focal point in the blockchain service market. As governments establish clearer guidelines, businesses are adapting their strategies to align with these regulations. This emphasis on compliance may lead to increased trust among consumers and investors, fostering a more stable market environment.

Expansion of Supply Chain Solutions

The blockchain service market is expanding its footprint in supply chain management. Companies are increasingly utilizing blockchain to improve traceability and transparency in their supply chains. This trend indicates a growing recognition of blockchain's ability to enhance operational efficiency and reduce fraud.

China Blockchain Service Market Drivers

Rising Demand for Transparency

The blockchain service market in China experiences a notable surge in demand for transparency across various sectors. This demand is driven by the need for enhanced traceability in supply chains, particularly in industries such as food and pharmaceuticals. As consumers become increasingly aware of product origins, companies are compelled to adopt blockchain solutions to provide verifiable information. In 2025, it is estimated that the market for blockchain services related to transparency could reach approximately $5 billion, reflecting a growth rate of around 30% annually. This trend indicates that businesses are prioritizing transparency to build trust with consumers, thereby propelling the blockchain service market forward.

Increased Focus on Cybersecurity

As cyber threats continue to evolve, the blockchain service market in China is witnessing an increased focus on cybersecurity solutions. Blockchain's inherent characteristics, such as immutability and decentralization, provide a robust framework for enhancing data security. Organizations are increasingly adopting blockchain services to safeguard sensitive information and transactions. In 2025, the market for blockchain-based cybersecurity solutions is anticipated to reach $2 billion, reflecting a growing recognition of the technology's potential to mitigate risks. This heightened emphasis on cybersecurity is likely to drive further investment in blockchain services, reinforcing its position as a critical component of digital security strategies.

Growing Interest from Enterprises

The blockchain service market in China is experiencing a growing interest from enterprises seeking to leverage blockchain for operational efficiency and cost reduction. Companies across various sectors, including finance, healthcare, and logistics, are exploring blockchain solutions to streamline processes and enhance collaboration. In 2025, it is projected that enterprise adoption of blockchain services could account for over 40% of the total market share, driven by the potential for significant cost savings and improved operational transparency. This trend suggests that as enterprises recognize the value of blockchain, the market is likely to witness accelerated growth, fostering innovation and competitive advantage.

Government Initiatives and Support

The Chinese government plays a pivotal role in fostering the blockchain service market through various initiatives and support mechanisms. Policies aimed at promoting technological innovation and digital transformation have led to increased investment in blockchain technologies. In 2025, government funding for blockchain projects is projected to exceed $1 billion, highlighting the commitment to integrating blockchain into public services and infrastructure. This support not only encourages startups but also attracts established companies to explore blockchain applications. Consequently, the blockchain service market is likely to expand as a result of these favorable governmental policies, creating a conducive environment for innovation.

Integration with Internet of Things (IoT)

The convergence of blockchain technology with the Internet of Things (IoT) is emerging as a significant driver for the blockchain service market in China. As IoT devices proliferate, the need for secure and efficient data management becomes paramount. Blockchain offers a decentralized solution that enhances data integrity and security, making it an attractive option for industries such as manufacturing and logistics. By 2025, the integration of blockchain with IoT is expected to contribute to a market value of approximately $3 billion within the blockchain service market. This synergy not only streamlines operations but also fosters innovation in smart cities and automated systems.

Market Segment Insights

By Type: Ripple (Largest) vs. Ethereum (Fastest-Growing)

The market share distribution of the China blockchain service market illustrates Ripple as the largest segment, commanding a significant portion of the overall services due to its established infrastructure and partnerships within the financial sectors. Conversely, Ethereum has been gaining traction rapidly, driven by its versatility in supporting decentralized applications and smart contracts, appealing to a broader range of industries beyond traditional finance. The growth trends within this segment are influenced by the increasing adoption of blockchain technology in various sectors, particularly in finance and supply chain management. Ripple's robust solutions for cross-border payments position it favorably, while Ethereum's continuous innovation and updates enhance its scalability and user experience, making it the go-to platform for emerging decentralized applications and services in the market.

Ripple (Dominant) vs. Ethereum (Emerging)

Ripple serves as the dominant player in the China blockchain service market with its strong focus on enabling seamless cross-border transactions. Its partnerships with financial institutions and banks significantly bolster its credibility and trust among users. The technology offers faster transaction times and lower costs, making it an attractive option for companies looking to capitalize on blockchain's potential. On the other hand, Ethereum stands out as an emerging force, primarily due to its capabilities in supporting decentralized applications and smart contracts. This versatility has made Ethereum a preferred choice for developers and enterprises exploring innovative solutions in the decentralized finance (DeFi) space, thereby contributing to its rapid adoption and growth.

By Component: Tools (Largest) vs. Services (Fastest-Growing)

In the China blockchain service market, the Tools segment holds the largest market share, driven by an increasing demand for robust solutions that streamline blockchain implementation. These tools offer businesses a wide array of functionalities that enhance efficiency and reduce costs, making them an attractive choice for enterprises looking to leverage blockchain technology. Conversely, the Services segment is experiencing rapid growth, fueled by the rising need for consultancy and support as organizations seek to navigate the complexities of blockchain integration. As blockchain technology evolves, more companies are investing in expert services to guide their adoption strategies, contributing to the segment's rapid expansion.

Tools: Dominant vs. Services: Emerging

The Tools segment in the China blockchain service market stands out as the dominant force, characterized by advanced software and platforms that facilitate blockchain deployment. These tools are essential for businesses aiming to optimize their operations through blockchain technology. Meanwhile, the Services segment, although emerging, is gaining significant traction as more firms recognize the importance of expert guidance in their blockchain journeys. This emergent trend underscores the growing complexity of blockchain systems, prompting companies to seek tailored services that ensure successful integration and utilization of blockchain solutions.

By Cloud: Public (Largest) vs. Private (Fastest-Growing)

In the China blockchain service market, the public cloud segment commands the largest share, appealing to businesses that prioritize scalability and collaboration. Meanwhile, the private cloud segment is gaining traction among enterprises seeking enhanced security and control over their blockchain solutions. Recent analyses indicate a strong preference for public infrastructure due to its flexibility and lower entry costs, making it ideal for startups and established companies alike. Growth trends show that the private cloud segment is the fastest-growing option, driven by increasing concerns over data privacy and compliance requirements. As organizations develop their blockchain strategies, the demand for customized and secure environments will likely push the private segment to new heights. Additionally, hybrid solutions are emerging as a viable compromise, combining the strengths of both public and private offerings.

Cloud Services: Public (Dominant) vs. Private (Emerging)

The public cloud segment stands out in the China blockchain service market, offering robust access to blockchain capabilities with minimal infrastructure investment. Its dominance stems from widespread adoption by organizations seeking immediate solutions that foster innovation and collaboration. On the other hand, private cloud services are becoming increasingly relevant as businesses recognize the necessity for tailored security and governance frameworks around blockchain technology. The demand for private blockchain solutions is driven by industries such as finance and healthcare, where data sensitivity is paramount. As the market matures, both segments will continue to evolve with advancements in technology and regulation, catering to diverse client needs while significantly impacting overall market dynamics.

By Organization Size: Large Enterprises (Largest) vs. SMEs (Fastest-Growing)

In the China blockchain service market, large enterprises hold a significant market share, attributed to their extensive resources and ability to invest in advanced blockchain solutions. These organizations are poised to dominate the market as they integrate blockchain technology into their operations to enhance efficiency and security. On the other hand, SMEs are emerging as a vital player in the marketplace, with a rapidly growing share driven by increasing adoption rates and lower entry barriers. The growth trends in this segment reveal that large enterprises are increasingly leveraging blockchain capabilities to streamline operations while SMEs capitalize on innovative applications and cost-effective solutions. Factors such as government support, the digital transformation wave, and a focus on enhancing customer experiences are acting as significant drivers for the expansion of blockchain services among SMEs, making them the fastest-growing segment of the market.

Large Enterprises: Dominant vs. SMEs: Emerging

In the China blockchain service market, large enterprises function as the dominant segment due to their ability to implement large-scale blockchain applications and investments in technology infrastructure. Their focus is primarily on enhancing operational efficiency, data security, and customer trust. In contrast, SMEs, recognized as the emerging segment, demonstrate agility in adopting blockchain solutions, often utilizing partnerships and innovative platforms to drive growth. They tend to focus on niche applications and tailored solutions that cater specifically to their unique operational needs. The competitive landscape suggests that while large enterprises lead in sheer market share, SMEs are rapidly gaining ground and presenting unique value propositions that challenge traditional practices.

By Application: Smart Contracts (Largest) vs. Compliance Management (Fastest-Growing)

The application segment of the China blockchain service market exhibits a diverse range of values, with Smart Contracts commanding the largest share. This dominance is largely due to their ability to automate processes and enhance reliability in transactions across various industries. In contrast, Compliance Management is emerging as the fastest-growing value within the segment, driven by increasing regulatory requirements and the need for organizations to maintain compliance in an ever-evolving landscape. The growth trends in the application segment are significantly influenced by technological advancements and the escalating need for transparency and efficiency in operations. Smart Contracts are being increasingly adopted for their cost-saving potential and operational speed, while Compliance Management is experiencing heightened demand as businesses seek to mitigate risks. The intersection of blockchain technology with these applications is fostering innovation and expanding their use cases across multiple sectors, indicating a promising outlook for both segment values.

Smart Contracts (Dominant) vs. Compliance Management (Emerging)

Smart Contracts represent a dominant force in the application segment, characterized by their capacity to execute agreed-upon terms automatically, minimizing ambiguity and promoting trust between parties. Their integration across various sectors, including finance and supply chain, enhances operational efficiency and reduces transaction costs. On the other hand, Compliance Management is viewed as an emerging segment value, adapting to the increasing complexities of regulatory frameworks. The integration of blockchain within Compliance Management enables real-time tracking of compliance activities, offering organizations a robust mechanism for adherence to legal standards. Both segments are integral to the evolution of the China blockchain service market, each catering to distinct yet overlapping needs.

By Vertical: BFSI (Largest) vs. Healthcare (Fastest-Growing)

In the China blockchain service market, the distribution of market share among various verticals shows that BFSI holds the largest portion, reflecting its established presence and demand for enhanced security and transaction efficiency. Following BFSI, sectors like Retail and E-commerce and Government are also significant, but they lag behind in terms of share. Emerging verticals like Healthcare are beginning to carve out their market positions, particularly due to their innovative use of blockchain for patient data management. Growth trends in the China blockchain service market illustrate that the Healthcare sector is rapidly evolving, driven by increasing investments in technology for patient care and data security. As companies recognize the benefits of blockchain, such as improved transparency and reduced fraud, demand is expected to surge. Sectors like IT & Telecommunications are also expanding, though at a comparatively slower pace, indicating a broadening acceptance of blockchain solutions across industries.

BFSI: Dominant vs. Healthcare: Emerging

BFSI stands out as the dominant player in the China blockchain service market, characterized by its robust infrastructure and regulatory compliance needs. This segment leverages blockchain for secure transactions, fraud prevention, and enhanced customer trust. On the other hand, Healthcare is emerging as a significant player, utilizing blockchain technology to streamline patient data management, ensure data integrity, and improve interoperability among systems. While BFSI focuses on financial security, the Healthcare sector is increasingly prioritizing patient-centered solutions that enhance care delivery and data protection. The contrast between these two segments highlights a clear divergence in market focus, with BFSI cementing its status and Healthcare swiftly gaining momentum through innovative applications.

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Key Players and Competitive Insights

The blockchain service market in China is characterized by a rapidly evolving competitive landscape, driven by technological advancements and increasing demand for secure, transparent transactions. Major players such as IBM (US), Microsoft (US), and Oracle (US) are actively shaping the market through strategic initiatives focused on innovation and partnerships. IBM (US) emphasizes its hybrid cloud solutions, integrating blockchain technology to enhance supply chain transparency. Microsoft (US) leverages its Azure platform to provide blockchain-as-a-service, facilitating easier access for enterprises. Oracle (US) is concentrating on its cloud infrastructure to support blockchain applications, indicating a trend towards cloud-based solutions that enhance operational efficiency and scalability.The market structure appears moderately fragmented, with a mix of established players and emerging startups. Key tactics employed by these companies include localizing services to meet regional demands and optimizing supply chains through blockchain integration. This collective approach not only enhances operational capabilities but also fosters a competitive environment where innovation is paramount. The presence of multiple players encourages a dynamic interplay of ideas and solutions, ultimately benefiting end-users.

In September IBM (US) announced a partnership with a leading Chinese logistics firm to implement a blockchain solution aimed at improving traceability in the supply chain. This strategic move underscores IBM's commitment to enhancing operational transparency and efficiency, which is increasingly critical in the logistics sector. The collaboration is expected to streamline processes and reduce costs, thereby positioning IBM favorably in the competitive landscape.

In October Microsoft (US) launched a new initiative to integrate AI capabilities with its blockchain services on the Azure platform. This development is significant as it not only enhances the functionality of blockchain applications but also aligns with the growing trend of AI integration across various sectors. By combining these technologies, Microsoft (US) aims to provide more robust solutions that cater to the evolving needs of businesses, potentially increasing its market share.

In August Oracle (US) expanded its blockchain cloud services to include enhanced security features tailored for financial institutions. This strategic enhancement reflects Oracle's focus on addressing the specific needs of the financial sector, which is increasingly adopting blockchain technology for secure transactions. By prioritizing security, Oracle (US) positions itself as a trusted partner for financial institutions, thereby strengthening its competitive edge.

As of November the competitive trends in the blockchain service market are increasingly defined by digitalization, sustainability, and the integration of AI technologies. Strategic alliances among key players are shaping the landscape, fostering innovation and collaboration. The shift from price-based competition to a focus on technological advancement and supply chain reliability is evident. Companies that prioritize innovation and adaptability are likely to thrive, as the market continues to evolve towards more sophisticated and integrated solutions.

Key Companies in the China Blockchain Service Market include

Industry Developments

Tencent stepped up their blockchain efforts in February 2024 with the release of the TrustSQL platform, hundreds of blockchain-related patents, and an accelerator program to support supply chain and digital asset applications, among other industrial blockchain breakthroughs.

Tencent Cloud's first Web3-native product, a Blockchain RPC service that supports Ethereum, BNBChain, and Polygon, was published in September 2023 in partnership with Ankr. This solution allows developers to implement scalable blockchain infrastructure.

Shanghai previously announced in August 2023 that it will develop an integrated blockchain digital infrastructure by 2025 with the goal of revolutionizing supply chain, banking, and urban government systems. Alibaba Cloud's Web3 division reportedly introduced adaptable cloud solutions in June 2024 to assist blockchain businesses by offering Web3 infrastructure, smart contract frameworks, and safe architecture.

In the meantime, Ant International, which separated from Ant Group in late 2024, released its first sustainability report in June 2025, highlighting its collaborations with international banks such as Deutsche Bank, HSBC, and BNP Paribas, as well as its AI-enhanced cross-border payment platforms, such as Alipay+ and tokenized deposit services.

As JD.com and Ant Group pushed for permission to establish yuan-backed stablecoins abroad, Hong Kong stablecoin efforts were also gaining pace. This indicated a strategy shift toward using blockchain to internationalize digital currencies throughout the area.

Future Outlook

China Blockchain Service Market Future Outlook

The Blockchain Service Market is projected to grow at a 29.25% CAGR from 2025 to 2035, driven by increased demand for transparency, security, and efficiency in transactions.

New opportunities lie in:

  • Development of decentralized finance (DeFi) platforms for SMEs
  • Integration of blockchain in supply chain management solutions
  • Creation of blockchain-based identity verification systems for e-commerce

By 2035, the blockchain service market is expected to achieve substantial growth and innovation.

Market Segmentation

China Blockchain Service Market Type Outlook

  • Ripple
  • Ethereum
  • R3
  • Hyperledger

China Blockchain Service Market Cloud Outlook

  • Private
  • Public
  • Hybrid

China Blockchain Service Market Vertical Outlook

  • BFSI
  • IT & Telecommunications
  • Retail and E-commerce
  • Healthcare
  • Transportation & Logistics
  • Government
  • Energy & Utilities
  • Media & Entertainment

China Blockchain Service Market Component Outlook

  • Tools
  • Services

China Blockchain Service Market Application Outlook

  • Compliance Management
  • Smart Contracts
  • Supply Chain Management
  • Identity Management
  • Inventory Management
  • Others

China Blockchain Service Market Organization Size Outlook

  • Large Enterprises
  • SMEs

Report Scope

MARKET SIZE 2024 298.61(USD Million)
MARKET SIZE 2025 385.96(USD Million)
MARKET SIZE 2035 5020.2(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 29.25% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled IBM (US), Microsoft (US), Amazon (US), Accenture (IE), Oracle (US), SAP (DE), Ripple (US), Chain (US), Blockstream (CA)
Segments Covered Type, Component, Cloud, Organization Size, Application, Vertical
Key Market Opportunities Integration of blockchain technology in supply chain management enhances transparency and efficiency.
Key Market Dynamics Rapid regulatory evolution and technological advancements drive competitive dynamics in the blockchain service market.
Countries Covered China
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FAQs

What is the expected market size of the China Blockchain Service Market in 2024?

The China Blockchain Service Market is expected to be valued at 346.92 million USD in 2024.

How much is the market projected to grow by 2035?

By 2035, the market is projected to reach an estimated value of 12,322.0 million USD.

What is the expected CAGR of the China Blockchain Service Market from 2025 to 2035?

The expected compound annual growth rate for the market from 2025 to 2035 is 38.341%.

Which platform in the China Blockchain Service Market is projected to have the highest value in 2035?

The Ethereum platform is projected to have the highest value, estimated at 4,928.892 million USD in 2035.

What will be the market value of Ripple in 2035?

Ripple is expected to be valued at approximately 2,464.446 million USD in 2035.

Who are the key players in the China Blockchain Service Market?

Major players in the market include InBlockchain, Hyperchain, ChainTech, China Mobile, and Alibaba.

What application areas are driving the growth of the China Blockchain Service Market?

The growth is driven by applications in finance, supply chain management, and data security.

How does R3's value in the market change from 2024 to 2035?

R3's market value is projected to increase from 45.0 million USD in 2024 to 1,232.223 million USD in 2035.

What challenges does the China Blockchain Service Market face in the coming years?

Challenges include regulatory hurdles and the need for greater standardization across platforms.

How significant is the Hyperledger platform in the market's future?

The Hyperledger platform is expected to have a market value of 3,696.669 million USD by 2035.

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