Yang Haiming, chief architect of JD CTO system, makes a speech at an IDC CXO conference about digital transformation held in Beijing on Nov 14, 2016. JD.com is building a traceability system on its open blockchain platform. [Photo by Song Jingli/chinadaily.com.cn]

By 2021, at least 20 percent of China's top 1,000 enterprises will adopt blockchain services for their digital trust cases on a large scale, according to IDC China. By 2020, China will see 20 percent of its banks, 30 percent of its supply chains, and 10 percent of its healthcare institutes fully embrace blockchain networks in their operations, the research company added.