Shanghai, the largest city of China, is set to draft its very first blockchain security standard, though the Capital of China was already had a vast amount of progress relating to blockchain technology which it was able to initiate at both local and international levels for the past many years.
Very recently the Shanghai Security Testing Evaluation and Certification Centre has prepared a draft standard that has been made available to the stakeholders for the purposes of consultation. The Standards are called “General Specification for Blockchain Technology Security”.
According to various sources from and within the local media, in particular Xinhua, the drafts contain comprehensive standards and procedures as well as a general breakdown of blockchain technology security. The Shanghai government has said that the standards will be issued once it receives comments and suggestions from the stakeholders which are essential for preparing documents which is free from any defects and covers all the aspects relating to blockchain security technology and other ancillary functions attached with it.
Xinhua further stated that the proposed draft also contains various standard procedures detailing smart contracts, cryptography, consensus algorithms, network and personal information, and also includes matters relating to storage facilities.
In the paper, it has also been mentioned that the authorities are aware of the fact that during the placement of the applications based on blockchain, there is imminent danger that it will be exposed to risks. It has been further reported that the paper also lists out various requirements and procedures for the use of side-chain for the purposes of ensuring the integrity of the personal data and information.
While Shanghai is set to issue the paper, a week-long blockchain event has been organized by the Hongkou district within Shanghai which is going to take place from September 11 and will end on September 16. This will be followed by an exhibition to be held on September 14 where international representative blockchain projects will be exhibited.
Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.
