Elastos CEO: The blockchain business has not yet entered the competitive phase in the free market.

According to China Daily on August 1, Song Shijun, Elastos' green application director for the blockchain project, said that as blockchain companies compete for patents, every part of the industry can make sense. Quantification An indicator that bears the weight of competition opening up the future. He also explained that the growth of the blockchain industry is still in its infancy, every company is looking to find the situation and the implementation, where every company is fighting for business, both looking for the government and business. involvement in their relationship. Because blockchain is still a new technology and its market structure is unclear, the integration of the open market is now based on trust developed in the past, and not on competition. In other words, most blockchain joint ventures have yet to be completed in the closed space and have not yet entered the competitive phase in the open market.