China is taking the revel in of taking part within the introduction of world blockchain requirements and making use of that wisdom locally.
New knowledge out of China nowadays finds that the Ministry of Industry and Information Technology (MIIT) has directed one in all its subdivisions – the Informatization and Software Services Division – to behavior a “special study” of nationwide significance.
China, which has been serving to the International Organization for Standardization’s technical committee 307 to expand world blockchain requirements, will use the findings from the MIIT’s find out about as a basis for a guidance committee.
Translated into English, the committee will likely be referred to as the National Blockchain and Distributed Accounting Technology Standardization Technical Committee.
Once preliminary targets had been met, the following segment of construction will see the dep. “actively promote related work, accelerate the establishment of the standardization committee, and better serve the development of the blockchain technology industry.”
The find out about would possibly ultimately be paired with findings from China’s Digital Currency Research Institute, combining experience in each blockchain and cryptocurrency. This may just place China smartly for the rising virtual panorama of the 21st century.
Translations through Google.
Jordan Daniell is a full-time workforce creator for ETHNews with a passionate hobby in techno-social traits and cultural evolution. Jordan enjoys the outside, particularly astronomy, and loves to play the bag pipes and discover southern California on foot in his spare time. Jordan lives in Los Angeles and holds price in Ether.
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Ministry of Industry and Information Technology
International Organization for Standardization
Digital Currency Research Institute