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.
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.