Analysis On The Status And Efficiency Of Listed Companies Transforming The Concept Of Blockchain

With the rapid development of the digital economy,digitalization,networking and intellectualization in various fields enable users to obtain unprecedented convenience of life style.Meanwhile,various new technologies such as blockchain,artificial intelligence and Internet of things are widely applicable to the society,especially the blockchain technology.Blockchain technology is a technical solution to jointly maintain a reliable database in a untrusted and decentralized manner.Blockchain technology is a new generation of subversive computing paradigm that may evolve into a technological revolution.Blockchain technology is widely used in industry due to its characteristics of effectively reducing the trust cost among individuals and fully improving the production efficiency.This technology will be a new driving force for continued high-quality economic development.At home and abroad,both governments and enterprises have carried out active research on blockchain technology.In China,both national and local governments are actively supporting the development of industrial application scenarios of blockchain technology.Abroad,the United States,Russia,the European Union and other countries are vigorously supporting the research of blockchain technology in terms of policies.In the case of favorable conditions in all aspects,the implementation of blockchain application has also become the new target of informatization construction of many companies.Therefore,many companies are actively preparing for or have already transformed themselves in the boom of blockchain.Block chain concept appeared,many companies have made strategic plans according to the situation,many companies choose the transition,but now block chain technology both in theory and practice is not mature for state,so the researchers did not or are transformation after the sight behind the transformation of the listed companies,but more on block chain application scenario for the development.After referring to the literature on transformation of e-commerce and Internet,this paper innovatively studies the status quo of listed companies in the process of transformation and those in the process of transformation as well as the input-output efficiency of these companies.This paper focuses on the status quo and input-output efficiency of listed companies transforming the concept of blockchain.Focusing on the company's transformation and related applications,and how the actual landing of the enterprise is a reasonable application of blockchain technology,for companies who want to transform has important reference value.At the same time,it measures and analyzes the input-output efficiency of the listed companies that have been or will be transformed,and puts forward specific Suggestions for improvement,providing help to the companies with low efficiency value,and providing reasons for poor efficiency and improvement Suggestions to the companies with poor efficiency after transformation.Meanwhile,the research on the status and efficiency of blockchain also provides data help for investors.Due to data acquisition and other reasons,this paper has a small sample of companies,all of which are listed companies.It does not analyze the small and medium-sized enterprises that are not listed,or the companies that are applying for listing.More comprehensive studies are expected in the future.Based on the above,this paper firstly sorts out the listed companies of blockchain,summarizes the application status of blockchain technology,summarizes the application status of blockchain listed companies,and sorts out and summarizes the distribution of industries and regions in which the concept of blockchain is transformed.Then,based on 2015-September 2018 block chain stocks data of listed companies,select the actual technology application to the company's business has block chain,or soon "block chain of listed companies,and announced the formation of a research and development,the fund,with clear r&d spending in the earnings of listed companies,93,through the data of listed companies,chose the three input indexes,total assets,main business costs,fixed investment;Three output indicators:main business income,investment income,return on equity.The data envelopment analysis method is used to calculate the technical efficiency,pure technical efficiency,scale efficiency and scale return of listed companies.This paper first analyzes the returns to scale of 93 companies,and finds that nearly half of the listed companies are in the stage of increasing returns to scale,and the companies in the stage of constant returns to scale only account for one-fifth of the total.Then the regional distribution of the company's collation and analysis,that most of the company is located in Beijing,shenzhen,zhejiang.Among them,shenzhen is the place with the most companies achieving technical effectiveness,with 6 companies in total.Beijing was next,with only four.Then the industry distribution of these companies were sorted out and analyzed,the listed companies are mainly concentrated in the software services,Internet,IT equipment industry.Among them,the software industry not only has the most listed companies,but also has 7 listed companies with the best technical efficiency,which is the industry with the most technology effectiveness companies.Fourth,a dynatmic analysis was conducted on 33 companies in the Internet industry,and data from the four periods from December 31,2015 to September 30,2018 were selected.It was concluded that the technical efficiency of most companies in the Internet industry fluctuated between 0.5 and 0.7 between 2015 and 2018,and none of them reached the optimal state.Only hang seng electronics continues to be the best.As an emerging technology,blockchain technology has a short history in theory and time.For a company,it takes time to develop and invest in it,so it is normal to see fluctuations.Finally,taking the Internet industry companies as an example,this paper conducts redundancy analysis on the non-dea effective companies and provides Suggestions for improvement.To sum up,it can be seen that at the present stage,the market competition of"blockchain+" is becoming increasingly fierce,most enterprises are in the state of expansion,and listed companies in developed regions are undergoing rapid transformation and development.From the perspective of industry,compared with emerging industries,traditional industries have difficulty in transformation and low average efficiency.Blockchain technology is a new technology,there will certainly be some problems in the application,in this regard,the company should actively improve the application situation,give play to the characteristics of blockchain to improve efficiency,strengthen management,improve enterprise income.At the level of supervision,supervision should be strengthened to make effective use of resources in industry.