China to Release National Blockchain Standard Next Year, Says Official: Report

While cracking down on on the cryptocurrency industry, Beijing is pouring resources into blockchain for governmental and enterprise use.

AccessTimeIconOct 28, 2021 at 6:20 a.m. UTC
Updated May 11, 2023 at 4:34 p.m. UTC
Drive the Crypto Policy Conversation Forward
October 24, 2023 • Convene • Washington D.C.Where the industry establishes the digital economy’s legal, regulatory and compliance best practices for the future.Register Now

China’s technology standardization body will issue a national standard for blockchain next year, said an official from the China Electronics Standardization Institute, according to news site Chuanguan.

  • The institute has drafted a standard and is in the process of approving it, said Li Ming, director of the Blockchain Research Office at the standardization body, during the Fifth China Blockchain Development Competition held in Chengdu, Sichuan.
  • China is looking to boost blockchain innovation and application in enterprise and government across the country even as it clamps down on crypto. Its latest Five-Year Plan, a planning document that outlines development goals, put blockchain on a par with artificial intelligence, big data and cloud computing.
  • Li said that standards are fundamental to an industry and used the example of Wi-Fi or Bluetooth. Without a unified standard, he said, devices from different manufacturers wouldn’t be able to connect to the network.
  • Once the standard is set, the body will look into drafting evaluation criteria around it so that a “benign” ecosystem can be created, the director said.
  • Key government projects like the Blockchain Services Network and Xinghuo Chain follow an “open permissioned” protocol, which seeks to retain some of the benefits of decentralization while maintaining centralized control.
  • Exporting Chinese-made blockchain and standards is also a goal of these projects.
  • Last year, the International Telecommunications Union passed a set of blockchain standards for financial applications developed by the People’s Bank of China, the China Academy of Information and Communications Technology, and Huawei.
  • The institute is responsible for drafting tech standards and is under China’s Ministry of Industry and Information Technology.
  • Chuanguan is a site operated by Sichuan Daily, a state-run newspaper in China’s southwestern province.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Eliza Gkritsi

Eliza Gkritsi was CoinDesk's AI/crypto reporter.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.