China will provide national blockchain standards.

China will provide national blockchain standards.

2019 will be watershed year for blockchain industry in China. The national blockchain standards will be established.

The government of China started to develop national standards for blockchain technology in the country. As Chinese press agency informs, the offiсial of Research agency of standards for electronic engineering industry at Ministry of Industry and Information Technology of China, confirmed the information about creating of national standards for blockchain technology. It is said that standards will be developed for implementation of technology in many sectors run the gamut of decentralized projects.

Lee Min is the director of blockchain office in the Agency of Standards. He also told that national plan of development of blockchain standards is implemented by various governmental agencies. They work in order to create the Committee on blockchain standardization and distributed accounting technologies.  

The wide implementation will be till the end of 2019. It will include the basic standards, the commercial standards, the standards of methods of information security.

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