Abstract
As the pioneer of emerging technologies, China’s blockchain technology-led enterprises are crucial to R & D capabilities. Through the collection of relevant data from 2015 to 2017, the input and output indicators were constructed; the DEA analysis method was used to evaluate the R & D efficiency, and the EM iterative algorithm was used for cluster analysis. The 15 companies were divided into three categories. It was found that the company’s average pure technical efficiency was 0.68, and UFIDA’s R & D investment was the largest. There were eight companies with input redundancy and insufficient output. There is a high degree of correlation between R & D scale efficiency and EM clustering results. If a firm is increasing in size or constant in scale, it is often classified as Category 2 or Category 3, otherwise it is classified as Category 1.
Highlights
The report on the work of the government, which has been delivered at the First Session of the 13th National People’s Congress, pointed out that China’s investment in research and development (R & D) has grown at an average annual rate of 11 percent, ranking second in the world in scale
There is a high degree of correlation between R & D scale efficiency and Expectation Maximization (EM) clustering results
Judging from the preliminary estimation results of Annual Report on Comprehensive Statistics of Science and Technology, National Bureau of Statistics of China issued on February 13th, 2018, in 2017, China’s total R & D spending reached to 1.75 trillion yuan, while China’s gross domestic product (GDP) 82.71 trillion yuan, the R & Dintensity (R & D/GDP) was 2.12 percent, increased
Summary
The report on the work of the government, which has been delivered at the First Session of the 13th National People’s Congress, pointed out that China’s investment in research and development (R & D) has grown at an average annual rate of 11 percent, ranking second in the world in scale. In last two years, blockchain has gradually become an independent innovation hot point It creating a new distributed data storage technology with an innovation change on system/program design. Maybe, it will subvert the organizational model of current business community in future. This paper conducts theoretical and empirical research on the technological innovation ability of China’s blockchain technology service providers, hoping to provide references and inspiration for future researches
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