China IT Ministry to Create Official Blockchain Standards

A Chinese government body is considering creating national standards to boost the development of blockchain and distributed ledger technology (DLT) in the country.

According to an announcement released yesterday, the Ministry of Industry and Information Technology has already, as a first step, hosted a research seminar recently to discuss how such standards frameworks might be built.

The effort, proposed by the China Electronics Standardization Institute under the guidance of the ministry, now aims to form a committee to lead the effort

The ministry indicated that, currently, major international standards organizations in China have already been weighing in on the topic of DLT, signaling the country’s dedication to keeping the country ahead of the curve with blockchain technology…

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