China to Establish Blockchain National Standards

China has started to set up a national standard for blockchain in order to raise the building of a blockchain standard system from the top-level, hoping to complete the process by the end of 2019, according to Chinese state media reports. Chinese authorities are focusing on implementing top-level, or top-down standards to compete favourably in the world market.

As Initial Coin Offerings (ICOs) and Cryptocurrencies are forbidden in China, both national and regional governments have shown huge increasing support for the technology behind these platforms.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/china-to-establish-blockchain-national-standards/