China Poised to Form Blockchain Standards Committee This Year

China expects to form its national blockchain standards committee by the end of 2018, according to an IT ministry official.

AccessTimeIconMay 28, 2018 at 11:05 a.m. UTC
Updated Aug 18, 2021 at 9:12 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

China expects to have its national blockchain standardization committee in place before the end of this year, according to an official from the country's Ministry of Industry and Information Technology.

In a keynote speech at the 2018 Guiyang Big Data Expo on Saturday, Li Ying, head of the IT ministry's Information and Software Department, said the committee's structure will be based on that of TC 307, a counterpart blockchain commission under the International Organization for Standardization (ISO).

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • The plan is to have a comprehensive framework for blockchain standards complete by the end of 2018, she added – confirming a plan announced by Chinese government officials earlier this month.

    Li said:

    "We have been working closely with the ISO and the International Telecommunication Union (ITU). We should soon have our national technical committee for blockchain standardization ready within this year."

    The official's remarks come soon after China's IT ministry revealed its agenda to standardize blockchain application development – the goal being, as Li explained it, to "expedite blockchain deployment in areas that most urgently need the nascent tech."

    As previously reported by CoinDesk, while the country is a participating member of the ISO's TC 307 commission, which focuses on standard frameworks for blockchain use in authentication and smart contracts, the ministry said in March 2018 that it is looking to build the country's own initiative around standardization.

    A research lab directly supervised by the IT ministry has already moved to conduct monthly evaluations of major public blockchains in an effort to create a standard rating system.

    Li Ying image via event organizer

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.