The China Electronics Standardization Institute (CESI) plans to develop three national Blockchain standards for smart contracts, privacy, and deposits by the end of this year. This was announced by Li Ming, a director of the research lab, during a recent presentation to Deep Tech, according to China Money Network.
The development is aimed at creating information security standards, process and method standards, business and application standards. According to Li Ming, the standards will be presented by the end of next year.
Earlier this year, the Ministry of Industry and Information Technology of China stressed the need to develop a system of domestic Blockchain standards as soon as possible. In October 2016, the ministry launched the CBD Forum (CESI’s Blockchain Technology and Industry Development Forum). In addition, the ministry published the “China Blockchain Technology and Application Development White Paper (2016)” and the “Reference Architecture of Blockchain” standards.
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