China to Form Blockchain Standards Committee in 2018

This is said at  Guiyang Big Data Expo by Li Yinn, head of IT at Ministry of Industry and Information Technology
28 May 2018   1436

The National Committee for the standardization of blockchain in China will be established before the end of this year, CoinDesk reports.

In a keynote speech at the Guiyang Big Data Expo, Li Yin said that the structure of the committee would be similar to that of the TC307, similar to the commission from the International Organization for Standardization (ISO).

Thus, the government expects to complete a comprehensive standardization of the blockchain by the end of 2018.

We have been working closely with the ISO and the International Telecommunication Union (ITU). We should soon have our national technical committee for blockchain standardization ready within this year.
 

Li Ying

Head IT, Ministry of Industry and Information Technology

In February, the official publication of the Communist Party of China called for a tightening of the regulation of the blocking industry in order to foster its further growth.

SBI Holdings to Start Mining Chips Manufacturing

The new enterprise will work in partnership with an unnamed major semiconductor manufacturer from the United States
22 March 2019   94

The Japanese financial conglomerate SBI Holdings announced the creation of a new enterprise that will focus on the production of chips and cryptocurrency mining systems.

The message on the company's website says that SBI Mining Chip Co. (SBIMC) is part of SBI Holdings digital asset strategy.

The new enterprise will work in partnership with an unnamed major semiconductor manufacturer from the United States, and a former head of Chip Estimate and WearSens Adam Trademan, will head it. Currently, Trademan heads the BRD mobile cryptocurrency wallet development company, in which SBI Holdings invested $ 15 million in January of this year.

Recall that its plans to launch a broad offensive against the cryptocurrency industry were announced by SBI Holdings in October 2017. Since then, the corporation has made numerous investments in various projects, and also intends to promote the mass adoption and practical use of the RR Xle XRP token.