The document summarizes research on the social impact of blockchain technology in China. It discusses literature on blockchain characteristics and applications. The research method section describes a focus group conducted with 4 employees from Metaverse, a blockchain project in Shanghai. The focus group aimed to understand key issues around social impact, China's development of blockchain, and Metaverse. Data analysis revealed that financial applications, trust, and solutions to social problems were most discussed topics regarding blockchain's benefits and impact. In conclusion, the focus group provided insight into how blockchain can benefit society and the financial sector in China.

1. FARDIN AYAR
Fardin.ayar2020@gmail.com
2018/Dec/27
Understanding the Social Impact of Blockchain
Technology in China

2. Contents
1 Introduction
2 Literature Review
3
Research Method4
Research Questions
5 Finding and Conclusions

3. ▪ Blockchain is a fully-distributed, peer-to-peer software network which makes
use of cryptography to securely host applications, store data, and easily
transfer digital instruments of value.
▪ The MITT report shows that 456 companies in China had developed
blockchain as their major business by the end of March 2018, with 71
percent of them located in Beijing, Shanghai and Shenzhen.
Introduction

4. Our Purpose
The group aimed to have an understanding:
Social impact of Blockchain technology
Determine the path which Blockchain technology in China is heading
Understand how Metaverse, the pioneer Blockchain project in China

5. Literature Review
The main characteristics of Blockchain is decentralization
In order to increase privacy, data in the Blockchain can be encrypted
Blockchain platforms and applications have emerged from many
diverse areas
Article Review
Blockchain technology has captured the imagination of the financial services
industry
Blockchain has emerged as a key technology that will transform the way in
which we share information
In the literature review, we used ten academic sources, including books and journal article

6. Research Question
Q1
• What Blockchain technology issues are most frequently
discussed by the participants?
Q2
• What Blockchain technology benefits are mostly discussed by
the participants?
Q3
• What Blockchain technology challenges are most frequently
mentioned as obstacle to acceptance by the general population?

7. ▪ Our group conducted a single session focus group to answer the research
questions that were identified as the research method required for this
research.
Research Method

8. Participant
• Invited four employees of the first Blockchain project Metaverse in Shanaghai.
• The participants were between the 25-31 of ages.
• Each holding key position in the company.
Location
Metaverse office, 41F China Development Bank Tower, 500 Pudong South Road,
Lujiazui, Pudong, Shanghai on December 14,hy76g, IOA 2018 from 18:00 to 20:00.
Participant
Background
Participants were men. Deep understanding of blockchain technology. work experience gained in
Financial Technology industry. Educational background, ethnicity and race varied.
Consent form participants signed the consent form
Case Analysis Data coding and analysis were done using the NVivo 12 Pro.

9. Trust
Immutable
Decentralized
Social Impact
Financial industry
New Technology
Data Analysis

10. Text and Word cloud of Blockchain

11. Main Finding
Financial
Health
Business
Food
Entertainment
Global
Marketing

12. ▪ The data analysis of the focus group transcript using Nvivo 12 Pro revealed that the
frequently discussed were the following:
1. Blockchain technology in the financial industry.
2. Blockchain technology can delegate trust to institutions.
3. Blockchain can be used to create digital identity to safeguard data & privacy.
4. Blockchain technology can provide solution to social problems.
5. Blockchain technology can be beneficial to financial sector.
6. Blockchain technology benefits in the society.
Conclusion

13. Focus Group

14. Thanks for Attention