It was revealed in an interview this week that China is already working on a national standard for blockchain technology. The Electronic Industry Standards Research Institute under China’s Ministry of Industry and Information Technology said that the standards will be developed for implementation in multiple sectors encompassing various decentralized designs.

Director of the Blockchain Research Office Li Ming also confirmed a nationwide ‘Blockchain and Distributed Accounting Technology Standardization Committee’ is already being established by the combined effort of a number of relevant government departments.

He added that basic standards, business and application standards, process and method standards, credible and interoperable standards and information security standards should be available by 2019.

Source: CCN

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