Category Archives: CESI

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China Sets Its Direction With New Draft Rules for DLT

The Cyberspace Administration of China (CAC), the central government’s internet censor, is drafting a policy framework which, once formulated will be used for regulating blockchain projects in the country.

The CAC’s draft called “The Regulation for Managing Blockchain Information Services” will be thrown open to the public for feedback who will have until Nov 2 to give it the thumbs up before it moves to the next level of state approval by the country’s regulators.

The new regulation, when established, will apply specifically to both individual and institutional providers of blockchain services, whether by laptop or mobile, referring to providers as “entities or nodes”

The draft currently contains 23 proposals, including one which determines that any public offerings by a provider must be registered with the CAC within 10 days including details like company name, service type, and server address. Experts in China suggest that supernodes of certain blockchain networks could be affected. Jiang Zhuo’er, founder of the BTC.TOP mining pool commented on the proposed regulations:

“For example, each of the 21 supernodes of the EOS network is operated by a company or an individual. As such, they must be fully compliant.”

The new regulations would have a broad range, also incorporating news reporting, publishing, education, and pharmaceutical services, which would all be required to obtain licenses before registering with the CAC. Unsurprisingly the draft stipulates that DLT cannot be used to disseminate content deemed prohibited by the Chinese authorities. The #Metoo movement had managed to bypass government controls via DLT, a fact clearly not lost on officials when drafting the new rules.

Protection for user security and against fraud is another feature of the 23 proposals, with the CAC proposing KYC measures that would gather national identification numbers or mobile phone numbers of clients, stating:

“Service providers must store the logs and content published by users of their blockchain services for six months and provide this information to law enforcement when required,” the draft policy proposed.

The Blockchain Technology and Industry Development Forum (CBD Forum) of CESI want to draft three new blockchain standards by the end of 2018, with a possible release in 2019. CBD Forum has been largely responsible for drawing up guidelines for blockchain development in China, having so far published “China Blockchain Technology and Application Development White Paper (2016)” and “Reference Architecture of Blockchain” standards under instruction from MIIT (Ministry of Industry and Information Technology).

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China Claims Proposed Blockchain Standards Will Guide Industry

The China Electronics Standardization Institute (CESI) working for the Chinese Ministry of Industry and Information Technology (MIIT) has announced a blockchain standards project to standardize the industry in the country.

The CESI project involves the release of three blockchain standards, which are not based on a national approach to standardizing the industry, but outline requirements for smart contracts, privacy and deposits which could be used as a foundation for changes within the overall industry in the future.

The Blockchain Technology and Industry Development Forum (CBD Forum) of CESI wants to draft up the three blockchain standards by the end of 2018, with a possible release in 2019. CBD Forum has been largely responsible for drawing up guidelines for blockchain development in China, having so far published “China Blockchain Technology and Application Development White Paper (2016)” and “Reference Architecture of Blockchain” standards under instruction from MIIT.

Li Ming, a director of blockchain research lab of the (CESI) confirmed, “The association-based standards will serve as a foundation on which national and international standards can make reference to or be based on.” However, it is not clear what situation would warrant other nations feeling the need to refer to Chinese standards as many are working on guidelines of their guidelines of their own. At a recent Shanghai blockchain conference, chairman of the International Standardization Technical Committee for Distributed Ledger Technology, Craig Dunn said:

“The blockchain is gradually being accepted, and more and more people are beginning to recognize, invest in or use blockchain. But at the same time, many people are skeptical and international standards are needed… At present, more than 50 countries are participating in the development of blockchain standards, including China.”

Li Ming emphasized that China’s blockchain requirements are simply recommended standards so consequently not mandatory; there as a reference point for the developing blockchain industry.

The Communist Party of China (CPC) has recently published its own blockchain guidebook that observes the technology’s key features. The book, Blockchain – A Guide for Officials, covers many facets of the nascent technology which will offer counsel to government officials.

 

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