China’s Researchers Created Rating of Blockchain Projects 

The CCID Research Institute of the Ministry of Industry and Information Technology released blockchain technology evaluation index 
17 May 2018   881

The CCID Research Institute of the Ministry of Industry and Information Technology released on May 17 the first global blockchain technology evaluation index. 

The CCID is part of the Ministry of Industry and Information Technology, a state agency of China. The CCID bridges the government, business, and experts to provide research, evaluation certification, and other professional services.

The CCID aims to provide a list of projects that researchers can evaluate as they seek to build out their own blockchain applications. The CCID stated that intention was to scientifically evaluate the development level of blockchain technologies. 

The evaluation mainly focuses on the basic technical level, application level and innovation ability of the technology. According to the report, Ethereum's technology ranked first with the second after Steam technology index of 80.3. NEO which aim is to use smart contracts to automate the management of digital assets is ranked first in application assessment. The first place in the innovation power index is Bitcoin, which pioneered the application of blockchain technology.

CCID rating of blockchainThe CCID rating

It is reported that the index will be issued periodically on a monthly basis. The index will help to fully grasp the status quo of global blockchain technology development, timely track the direction of innovation and help to promote the technology.

Gemini & Partners to Launch Virtual Commodity Association

Association is created to develop standards for the industry, promote transparency in the market and cooperate with regulators, including the CFTC
20 August 2018   92

Several major exchanges decided to create a new structure designed to eradicate manipulation in the digital assets market, Bloomberg reports.

The Virtual Commodity Association was formed by the founders of the exchange Gemini Cameron and Tyler Winklewoss. According to a statement released on Monday, the group also included Bitstamp, BitFlyer USA and Bittrex. Representatives of four trading platforms will meet in September to consolidate the provisions for the future functioning of the organization.

The Virtual Goods Association will develop standards for the industry, promote transparency in the market and cooperate with regulators, including the Commodity Futures Trading Commission of the United States (CFTC), in order to prevent manipulation of Bitcoin, Ethereum and other currencies.

As the temporary executive director of the organization, Maria Filipakis, who worked in the Financial Services Department of New York, was appointed, where she took part in the creation of a BitLicense.

Earlier, the Winklewoss brothers tried to launch their own ETF, tied to bitcoin, but the US Securities and Exchange Commission denied them twice, as the reasons for its decision, among other things, calling for the absence of adequate measures to prevent cryptocurrency market manipulations.