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The ASX has well over 35 titles that count the blockchain as a main, partial or future operation, but very few are actually making money.
The Fintech Chain company in Hong Kong – which appeared in March this year when it invented the word "blockchainisation" – offered its investors a profit of 184% purely on the basis of blockchain technology.
"The increase in gross profit was the result of the successful implementation of the Fintech Chain blockchain technology," said the company (ASX: FTC) in its semi-annual report.
The semi-annual profit rose to 9.6 million renminbi (RMB) ($ 1.9 million), with 75% of that coming from the blockchain business segment.
In the corresponding period before, the company made a loss of RMB of 11.5 million.
Fintech Chain, which has changed its name from TTG Fintech to the beginning of this year, has two products.
There is clearing and settlement software called Financial Electronic Authentication (FEA) that can handle payments in digital currency and fiat currency, and T-Linx which is a point-of-sales (POS) system, which is now integrated with the first allowing merchants to accept payments, for example, in Bitcoin.
Local spokesman Chris Ryan said the rebound came from the sale of the FEA system to Chinese banks, to payment providers such as Alipay and Tenpay, as well as to traders.
He says that Chinese banks are passionate about digital currency transactions because they regard it as a barter system.
However, the company warns that the demand for its service is in line with the value of the token blockchain.
Currently, bitcoin has fallen by 64% in the last 12 months and the number two of cryptocurrency, Ethereum, is down 75%.
Fintech Chain believes that a broader future acceptance will support the demand for its services.
The company generated RMB 28.3 million in revenue, compared to RMB 7 million in the same period last year, and holds RMB 10.7 million in cash.
The shares in the Fintech chain were flat at 5.1 points.
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