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Commercial activity was also kicked up a notch thanks to the growing popularity among global audiences of livestreaming, where merchants speak in real time to promote their products and give out limited-duration coupons to entice prospective buyers.

Combining the application of distributed data storage, encryption algorithms and other advanced technologies, blockchains offer an open and decentralized database of any transaction involving money, goods, property and several others. It provides a high level of security by creating a record whose authenticity could be verified by the whole community.

Compared with two similar products publicly recognized to represent the best industry standard internationally, the homegrown product is equipped with up to eight sensors while their competitors only have two.

Companies build stronger ties with online trading platforms, develop new products

Companies to go public on the new board should be operating at the forefront of global science and tech, as well as serving China's major needs and prime economic development directions, according to regulations released by CSRC.