The Chinese authorities have raised the issue of developing standards for blockchain
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14.03.2018
The Chinese authorities have raised the issue of developing standards for blockchain

Ministry of Industry and Information Technology of the People's Republic of China became interested in developing national standards for blockchain and DLT. This statement was published on the department's website. The first steps have been taken - a seminar was held where the issue of the possibility of using these standards was discussed. The ministry's next step is to create a committee.

International organizations in China are considering the issue of DLT. Experts say that such actions confirm the country’s desire to be a leader in the use of blockchain. China is involved in the CU 307 commission, which operates under the International Organization for Standardization. The Commission is developing standards for the use of blockchain in authentication. The authorities support the introduction of blockchain into the Chinese economy. In February 2018, NIFA stated that it wants to strengthen control over cryptocurrency.

Source: elitetrader.ru