From a technical perspective, blockchain is likely to be a major technological revolution after the Internet. Currently, major corporate giants around the world are working hard on the research and application of blockchain technology. SAP opened a pilot version of the blockchain project in May last year. Banks in Japan and South Korea have just begun testing blockchain technology. Tencent has registered the trademarks "Ether Lock" and "Tencent Ether Lock". In April 2017, Tencent released the "Blockchain Solution White Paper" and announced that Tencent's blockchain industry solutions with independent intellectual property rights were also officially released on the official website. Baidu has launched the blockchain open platform "BaaS", which is a project based on blockchain technology independently developed by Baidu. It mainly helps enterprise alliances build their own blockchain network platforms.

However, the industry generally believes that blockchain is the next major technology trend. However, at present, the skyrocketing cryptocurrency prices and various speculations using the blockchain concept have made this promising technology Technology shows a serious tendency to bubble. Fu Miao, co-founder and CEO of Galaxy Internet, said that although many supporters of blockchain technology continue to try to separate the concepts of blockchain and Bitcoin, so far, the cryptocurrency group represented by Bitcoin is blockchain. The only successful application case of blockchain technology. Guotai Junan believes that in the short term, market risk appetite has improved, and companies involved in blockchain in A-shares are favored by capital, but investment still needs to be rational. First, the current blockchain business model is still in the exploratory stage, and it is difficult to contribute a lot of profits to listed companies in the short term; second, the domestic regulatory authorities’ attitudes towards blockchain “derivatives” are still unclear. In the future, as relevant laws and regulations change, Introduced, blockchain can only develop healthily if it embraces supervision.

Xu Weihong, chief economist of AVIC Securities, believes that the concept of blockchain has been proposed for a long time. This round of being touted by speculators in the A-share secondary market stems from the global hype of Bitcoin. Participants do not care about the technical value of the blockchain, but they care about how much profit and water they can get from the existing "seigniorage" by creating digital currency through the blockchain. Some institutional investors even hope to use their professional judgment and ability to control market sentiment to "cut leeks" from the large amount of blind influx of social funds. In view of the recent rise of the blockchain concept, all parties concerned must remain sober. Financial exchanges and intermediaries must stay awake and reduce unnecessary advertising to mislead small and medium-sized investors, and ordinary people must also stay awake.