This is especially true if they can take advantage of it with investors to take advantage of a round of financing. At one time, China was home to about 35,000 blockchain companies, according to publicly available corporate registration data. Of course, there were many companies that jumped by adding blockchain to their name to access development grants as well as total fraud. This figure, according to the SCMP report, is reduced to about 1,800, so the herd has lost weight.