According to a representative from the china electronics standardization institute, the country will establish a national standard for blockchain technology by the end of next year at the earliest. as an arm of china’s ministry of industry and information technology, the standards agency is responsible for developing and maintaining international standards.

the chinese government has placed blockchain on an equal footing with artificial intelligence, big data, and cloud computing in its most recent five-year plan, which was released in march. beijing is devoting significant resources to blockchain technology, which will be utilized by both governments and enterprises in the near future.

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