The Chinese Ministry of Information Technology wants a standard blockchain system "as soon as possible"

The Chinese Ministry of Industry and Technology of l & 39; "Information has conducted a study on Blockchain technologies in order to standard blockchain system as soon as possible," according to a press release released yesterday, March 12.

The Division of Information and Software Services of the Ministry of Industry and Informatics, with China Electronics Standardization Institute, A press release notes that d & # 39; Other international organizations, such as the International Organization for Standardization (ISO), have already begun to standardize Blockchain technology. China has made "positive progress" in this process through its status as a member country on the Blockchain Committee and the Distributed Log Book Technology (DLT) of ISO, TC 307.

Although China has banned the initial legislation against crypto-currencies has not prevented the country from supporting Blockchain, the technology behind crypto.

One of the largest retailers in China, has launched a Blockchain incubation start-up at the end of February this year. The same retailer also started using Blockchain to track the supply chain of its meat sales in early March.