Govt plans blockchain standardization committee

China plans to establish a national technical standardization committee to promote the development of blockchain technology, the country's top industry regulator said.

The Ministry of Industry and Information Technology said on its official website that it had discussed plans to build a blockchain technical standardization committee.

The informatization and software service bureau at MIIT will accelerate steps to establish such a committee, to help standardize technical requirements related to blockchain technologies in the country.

The International Organization for Standardization has already set up a blockchain-focused committee to standardize work on identification, smart contracts and other applications of blockchain. China, as a member of the ISO, has participated in the above effort.