The new national standards committee for blockchain technology was set up by the Standardization Administration of China (SAC) who is the standards organization authorized by the State Council of China , with an effort to accelerate high-tech innovation in China.  As it was announced on Wednesday, the SAC also said that the technical committee is giving all its efforts and in an orderly manner in order to accelerate high-tech innovation which helps in promoting higher level of candidness and drove towards high-quality development.

They further said that such committees have been created by them encompassing numerous sectors that include sharing economy as well. With an aim to play the better role of standardization work and service economic development with the help of national professional standardization technical committees.

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The SAC also investigated all standardization work in China as per the International Organization for Standardization (ISO). This whole plan talks about China within the ISO, the International Electrotechnical Commission (IEC) and other international and regional standardization organizations.

It is also noticed that China is getting after this blockchain technology, after gaining the support from the president of China, Xi JinPing to the blockchain technology in October. Also, Government authorities in Shanghai with the association of China’s central bank and other banks, created a blockchain consortium to enhance trade finance operations. China, the developed nation is also ready to launch its national digital currency after five years of research and development. China who banned Cryptocurrency in 2016 is now accepting the crypto slowly and even started using this blockchain technology for the enhancement. It would be excited to know more news from China blockchain updates.

Blockchain technology has brought a revolution in every sector and is being accepted by every country for numerous reasons. It is the new era where companies prefer Blockchain technology over traditional methods to do their project without wasting any time. If you are dealing with any sort of error and need assistance, you can always call on Blockchain helpline number which is functional all the time. The team is always at services and ready to assist you related to every parameter. Contact them related to issues and avail quality solutions from them.