%0 Journal Article
%T Analysis of R & D Capability of China¡¯s Blockchain Technologies
%A Xiaoyu Liu
%A Duyun Peng
%A Youdong Wen
%J Theoretical Economics Letters
%P 1889-1904
%@ 2162-2086
%D 2018
%I Scientific Research Publishing
%R 10.4236/tel.2018.810124
%X 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.
%K Blockchain
%K R &amp
%K D Capacity
%K EM Clustering
%K Efficiency
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=85527