China will lead an international research group to standardize the Internet of Things (IoT) and blockchain technology, the local news portal Science and Technology Daily reported recently.
The joint technical committee, consisting of the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC), adopted the proposal to form this international research group after a one-month discussion of the committee members.
China promotes the industrialization of IoT and blockchain
Science and Technology Daily, the official newspaper of the Chinese Ministry of Science and Technology, writes that the creation of this group means that China has gained “discourse power” over blockchain technology integration.
It is of great importance for China’s industries, which are linked to leading global development and promoting the integration of Fiat and the digital economy.
The international research group chaired by Dr. Shen Jie will promote fiat digital integration by providing a variety of industrial application scenarios and developing a mechanism to promote the international standardization of IoT and blockchain technologies.
The new group will be made of analysts of ten countries, such as the US, the UK, and Germany, among others
China has recently made progress in the acceptance of blockchain technology. Last month, the Digital Currency Research Lab of the People’s Bank of China (PBoC) filed a patent for a digital wallet that would allow users to track their transaction history. Also in June PBoC unveiled a blockchain-operated system for digitizing paper cheques.
Earlier this week, as reported by Cointelegraph, the deputy director of the Chinese Ministry of Industry and Information Technology (MIIT) had called on the country to “unite” its forces to promote the Blockchain as the “core” technology for the new digital economy.
The new research group will consist of experts from over ten countries, including the United States, the United Kingdom, Germany, and France.