Blockchain and industrial technology service company Matchchain Technology (Matcha China) announced the official entry into Hainan Free Trade Zone (Hong Kong). MoChain said that it will focus on cutting-edge exploration and application research of blockchain technology. Its main businesses include blockchain judicial deposit, smart government affairs, financial technology services, anti-counterfeiting traceability business, supply chain financial platform, bill management and other directions. On October 8, 2018, the Hainan Free Trade Zone (Hong Kong) Blockchain Pilot Area was officially licensed by the Hainan Provincial Department of Industry and Information Technology. It is the first officially licensed Blockchain Pilot Area in China, as of the end of March 2020 , 5159 companies including Huawei and Baidu have settled in.