- The Ministry of Industry and Information Technology (MIIT) announced new blockchain standards.
- 11 standards introduced, focusing on logistics tracking applications.
- Part of China’s strategy for global blockchain standards leadership.
The Ministry of Industry and Information Technology has released 11 new national standards, including guidelines for blockchain-based logistics tracking services, seeking public feedback in China..
This initiative underscores China’s focus on blockchain standardization, promoting infrastructure development while maintaining cryptocurrency bans, impacting sectors like logistics with tighter data management.
China’s 11 Blockchain Standards Targeting Logistics
While key industry leaders and government officials have yet to publicly comment on these changes, the strategy aligns with China’s broader blockchain ambitions. The decision enhances the country’s reputation as a strategic leader in setting international blockchain standards.
Strategic Goals and Future Blockchain Outlook in China
Did you know? By 2025, China plans to have issued over 250 blockchain standards, reinforcing its position as a technological pacesetter in this field.
China’s blockchain standardization efforts progress steadily, with over 250 standards expected by 2025. This announcement is part of a broader strategy resembling initiatives in Malaysia, which also prioritize blockchain standards and infrastructure development. These collaborative endeavors are shaping the future of blockchain technology on a global scale.
Experts suggest these standards could foster further technological advances, positioning China favorably in logistics and beyond. The implementation of these guidelines might enhance operational efficiencies and drive innovation within the industry, potentially influencing future international standards. Here’s what industry analysts are saying:
The establishment of these blockchain standards marks a pivotal increase in technological precision and operational efficiency for China’s logistics sector.
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