The China Center for Information Industry Development (CCID) recently announced its monthly Global Public Chain Assessment Index – which is basically a ranking of cryptocurrencies and other blockchain projects that the government considers to possess technological merit.
The news came from a seminar held in Beijing, where CCID, as responsible for the regulation and development of technology, made this decision. Currently, the intention is to provide a list of projects that researchers can evaluate as they are building their own blockchain applications.
The index contains 28 cryptocurrencies, including: Ark, Bitcoin, Bitcoin Cash, BitShares, ByteCoin, Cardano, Dash, Decred, Ethereum, Ethereum Classic, Hcash, IOTA, Komodo, Lisk, Litecoin, Monero, NANO, NEM, NEO, QTUM, Ripple, Siacoin, Steem, Stellar, Stratis, Verge, Waves and Zcash.
CCID announced that this decision is linked to “scientifically evaluating the development level” of blockchain technologies. According to the agency, the project will provide “professional consulting services for the government, enterprises, research institutes, and technology developers.”
If you are wondering what is the criteria present in this index, it is basically a mix of the following.
- The project should have its own independent main chain
- Nodes can be freely created
- It should have a published block explorer where block information can be easily tracked
- It needs to run on open source code
- It should have an open website that project team members that are contactable
Meanwhile, China’s government had begun working on national standards for regulating blockchain technology, which is seen as a major softening in China’s stance on the cryptocurrencies and the blockchain in general.
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