Despite the ban on the activities of crypto exchanges in the country, the Chinese government continues to monitor the cryptocurrency industry and, apparently, is not going to abandon developments in the field of the blockchain.
The official press release issued on the upcoming report states the following:
THIS REPORT WILL BE BASED ON AN INDEPENDENT ANALYSIS OF CRYPtocurrencies AND BLOCKCHain PROJECTS THAT DEMONSTRATES THE CONFIDENCE OF THE CHINESE GOVERNMENT IN BLOKCHaIN TECHNOLOGY. IT WILL ALSO SERVE SOME KIND OF GUIDANCE FOR GOVERNMENTAL, COMMERCIAL AND RESEARCH ORGANIZATIONS.
On a first assessment, they will be focusing on a total of 28 different cryptocurrencies: Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Cardano, Verge, NEO, Dash, Monero, Ethereum Classic, Quantum, Decred, Nano, Lisk, Komodo, Steem, NEM, Stellar, Stratis, Siacoin, Waves, Zcash, Hcash, BitShares, IOTA, ByteCoin, and ARK.
The standards by which prospective cryptocurrency projects are determined to include the following:
FIRST, THE PROJECT HAS OWN BLOKCHEIN NETWORK; Second, IT PROVIDES THE POSSIBILITY OF CREATING PUBLIC NODES; Third, the project has a browser, with the help of which it is possible to work with the network; Fourth, the project has an open source code; FIFTH – THERE IS A SITE OF THE PROJECT, AND THE TEAM CAN BE REACHED.
The purpose of the rating, which will appear in the near future, is “evaluation of technological capabilities, the utility of the application and project innovation”.
The rating will be taken up by the Chinese Institute for the Development of the Electronic Information Industry, and the rating itself should appear on the Institute’s website in the near future.