China to Release National Blockchain Standard Next Year, Says Official: Report

China to Release National Blockchain Standard Next Year, Says Official: Report
China’s technology standardization body will issue a national standard for blockchain next year, said an official from the China Electronics Standardization Institute, according to news site Chuanguan.The institute has drafted a standard and is in the process of approving it, said Li Ming, director of the Blockchain Research Office at the standardization body, at the Fifth China Blockchain Development Competition held in Chengdu, Sichuan.China is looking to boost blockchain innovation and application in enterprise and government across the country, as it clamps down on crypto. Its latest Five-Year Plan, a planning document that outlines development goals, put blockchain on par…