Market Status

(1) Increasing Non-Financial Applications with the Acceleration of ETH 2.0 & Web 3.0

As blockchain technology continues to mature, various industries are increasingly relying on it to develop diverse applications. Hospitals, libraries, enterprises, cloud storage, and schools are adopting blockchain technology to enhance data transmission and management.

Data shows that in the first half of 2020 alone, 709 blockchain applications were disclosed globally, including 8,983 financial projects, and 56 blockchain projects in government and traceability sectors. Beyond these three major fields, blockchain applications in energy, healthcare, and copyright also saw steady growth during the same period, with energy, healthcare, and copyright-related blockchain projects accounting for 9.8% of the total. Projects related to logistics, trade, and invoices accounted for over 2%, while blockchain projects in the public welfare sector represented 17%. Overall, non-financial application projects made up 78.2% of the total blockchain initiatives.

Blockchain technology is increasingly being applied across various sectors. "Blockchain + real economy + finance + digitalization" has become a key trend in the future of internet technology development. Blockchain applications empowering the real economy have become a global development strategy. As blockchain continues to evolve, the exploration of applications that drive growth in the real economy and digitalization will expand and deepen further.

(2) Commercial Application & Implementation

Historically, blockchain technology has been primarily applied within the virtual economy, but the future points to a shift from virtual to real-world applications, where traditional industries will use blockchain to improve collaboration efficiency and stimulate growth in the real economy.

Enterprise blockchain applications need to focus on key factors like controllability, feasibility, and usability, with an emphasis on privacy protection, permission management, transaction bottlenecks, and regulatory controls. MetaBOR's public chain not only demonstrates its crucial value in commercial applications but also provides more robust solutions for enterprises looking to implement and deploy blockchain projects.

(3) Diversified Blockchain Technology Solutions

The development trend of blockchain applications has shifted from a singular focus to a diversified approach. From the encrypted digital “Blockchain 1.0” to digital invoices, securities trading, cross-border payments, business management, supply chains, mutual insurance, DEXSwap, storage, and beyond, blockchain has evolved into “Web 3.0,” which changes organizational collaboration relationships through tokenization.

Blockchain applications have diversified across various dimensions, including real-time capabilities, high concurrency, latency, and throughput, leading to the emergence of multiple technical solutions. MetaBOR is not only a public ecosystem chain for the commercialization of Metaverse applications but also a comprehensive solution for Web 3.0 applications. BOR offers ultra-low gas fees, with all transaction gas being burned, and each transaction incurs a gas fee lower than 0.0025% of the BOR token. Combined with the support of numerous ecosystem applications, the BOR public chain holds disruptive value in Web 3.0 applications.

From finance to real-world industries, pioneering projects exploring the "blockchain + real economy + finance + digitalization" concept continue to emerge, highlighting a promising future.

(4) Industry Performance

The foundational public chain is the technical backbone of blockchain applications. A public chain functions like Google’s Android or Apple’s iOS operating systems, while individual blockchain commercial applications are akin to apps running on these platforms.

Only with a solid, stable, and efficient public chain infrastructure can blockchain commercial applications thrive, delivering unique value across various fields.