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   1443

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.

Bank of China to Issue $2.8B Blockchain Bonds

Bank used its own DLT system to issue blockchain bonds
09 December 2019   71

The fourth largest state bank, the Bank of China, has issued two-year blockchain bonds for small businesses totaling $ 2.8 billion.

To issue digital certificates, Bank of China used its own blockchain system.

It is also the first blockchain-based bond issue accounting system in the country.

Bank of China

Securities will go on sale with an interest rate of 3.25% per annum.

Thus, the bank hopes to raise funds to support small businesses in the country. As of September, as part of this initiative, the bank provided loans to small and micro enterprises for a total of $ 57.7 billion.