Speeding Up Blockchain Standards Development
On November 12, the Cyberspace Administration of China (CAC) published a document urging a swift acceleration in establishing blockchain standards. This push stems from a keen understanding of the technology’s burgeoning potential across a multitude of industries.
The Heavyweights Behind the Initiative
The document’s author, Zhou Ping, is no stranger to the tech realm. As secretary general of the China Blockchain Technology and Industry Development Forum and director at the Software Engineering and Evaluation Center, his insights are pivotal in steering the national dialogue on blockchain.
The Importance of a Reference Architecture Standard
The document emphasizes the need for a clearly defined reference blockchain architecture standard, which would serve as a framework for the adoption and integration of blockchain technology in various sectors. The establishment of such standards is essential; without them, businesses may find themselves lost in a digital sea of uncertainty.
Learnings from the Past: Blockchain Standardization Efforts
China has been on the standardization track since 2016, when the Development Forum published its first white paper on the topic. This document outlined five essential categories for blockchain standardization:
- Foundation
- Processes and Methods
- Interoperability
- Business Applications
- Information Security
By May 2018, the Forum had reportedly developed ten international blockchain standards. The race, it seems, is not merely about participating but leading in this emergent space.
Challenges on the Road Ahead
Despite the progress that has been made, numerous obstacles still loom large over China’s blockchain standardization efforts. Misunderstandings about blockchain’s capabilities and a perceived imbalance in its application across industries are key issues. Moreover, the cultivation of blockchain talent remains insufficient. Yes, we need those who can not only understand the space but also actively shape its evolution.
Going Global: Influence and Adaptation
The call to action is clear: China should seize the opportunity to position itself as a key player in the global blockchain standards arena. Adapting international standards to fit China’s unique circumstances could bolster its standing and influence, guiding not just local implementations but potentially setting trends on a global scale.
Conclusion: A Bright Blockchain Future
With the government spotlighting this technologic frontier, we may soon witness an organized and well-defined framework that will not only streamline blockchain adoption domestically but could also bolster China’s position in the international ledger of blockchain development.
+ There are no comments
Add yours