Blockchain companies have strong resilience under the pandemic, and new opportunities are driving industry development.

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Blockchain Companies in the Pandemic: Coexistence of Crisis and Opportunity

The COVID-19 pandemic has had a certain impact on Blockchain companies, but overall, the impact is limited. More than 80% of companies reported negative effects, mainly reflected in delays in work progress, high fixed cost expenditures, and obstacles in business cooperation. However, Blockchain companies have demonstrated strong adaptability, actively responding through "distributed work", changing marketing models, and launching pandemic response applications.

The pandemic has also brought new development opportunities to the Blockchain industry. Surveys show that areas such as public warning systems, material tracing, public opinion monitoring, and identity information registration contain enormous potential. 65% of companies have adjusted their short-term strategies to seize new opportunities.

Looking to the future, the industry generally has a positive outlook on the Blockchain sector.

  1. The pandemic has accelerated the digitalization process of society, and Blockchain empowerment of industries will speed up.

  2. Blockchain deeply integrates with new technologies such as the Internet of Things, artificial intelligence, and 5G.

  3. Regulatory regulations are gradually improving, promoting the industry towards standardization.

Although there are still many challenges in development, the value of Blockchain technology in public affairs management and social services has been highlighted. Regardless of the pandemic, Blockchain should continue to develop technological innovation, assist in social governance, and layout the new economy.

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ChainWatchervip
· 53m ago
There is opportunity in danger; buy early to earn early.
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DefiEngineerJackvip
· 4h ago
*sigh* optimization through crisis, bullish on formal verification tbh
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HashRateHermitvip
· 07-09 16:34
Turning crisis into opportunity, truly worthy of web3.
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LiquidityOraclevip
· 07-09 16:33
Blockchain is always one step ahead!
View OriginalReply0
WhaleWatchervip
· 07-09 16:30
The resilience of the industry is really strong.
View OriginalReply0
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