The state-owned scientific research institute China Academy for Information and Communications Technology (CAICT) published 2022 White Paper on Blockchain on 29 December, featuring four types of blockchain technology with high application potential. The White Paper also reveals that there are currently more than 1,400 blockchain firms based in China and there are around 48 post-secondary institutions across China offering degrees and certificates related to blockchain engineering. China and US are now occupying more than half of the total market share regarding global blockchain firms.