According to China’s Ministry of Industry and Information Technology, the country plans to have a national blockchain standardization committee established by the end of 2018.
On Saturday May 26, 2018, Li Ying who serves as the head of the IT Ministry's Information and Software Department, said the committee's internal organization will be mirrored on that of TC 307, which is counterpart blockchain commission under the International Organization for Standardization (ISO).
China's IT ministry has begun the goal of standardizing blockchain development in areas that its best suited. According to Ying the goal is to, "expedite blockchain deployment in areas that most urgently need the nascent tech."
"We have been working closely with the ISO and the International Telecommunication Union (ITU). We should soon have our national technical committee for blockchain standardization ready within this year,” Ying said.
Ying’s comments were made during a keynote address at the 2018 Guiyang Big Data Expo held on Saturday May 26, 2018.
In relation to China’s IT Ministry’s comments at the Big Data Expo, the meeting of the ISO TC 307 was held in Sydney, Australia during the first week of April of this year. International experts from the world over assembled to set in place the future of standardization in blockchain technology. The object was forming five key study groups for standard development, which are: reference architecture, taxonomy and ontology, use cases, security and privacy, identity and smart contracts.
More information on the ISO’s plans for blockchain may be read here.