Guidelines for the Construction of Blockchain and Distributed Accounting Technology Standard System (Version 2023)

It is reported that the Ministry of Industry and Information Technology has publicly solicited opinions on the “Guidelines for the Construction of Blockchain and Distributed Accounting Technology Standard System (Version 2023)” (draft for comments). It is proposed that by 2023, the top-level design of the standard system for blockchain and distributed accounting technology should be clarified, the overall rules for standard system construction and standard development should be studied, the relationship between standards should be clarified, and the development of basic common standards should be focused, basically meeting the standardization needs of blockchain and distributed accounting technology in China. By 2025, further improve the national standard system for blockchain and distributed accounting technology, continue to promote standards such as basic commonalities, key application demonstrations, and security guarantees of blockchain and distributed accounting technology, effectively guide the construction of China’s blockchain industry, and improve the level of technology and application services.

The Ministry of Industry and Information Technology publicly solicited opinions on the “Guidelines for the Construction of Blockchain and Distributed Accounting Technology Standard System (Version 2023)”

As the use of blockchain technology and distributed accounting systems increases in various industries, governments around the world have been actively developing national standards to regulate and promote the use of this technology. In line with this trend, the Ministry of Industry and Information Technology has proposed the “Guidelines for the Construction of Blockchain and Distributed Accounting Technology Standard System (Version 2023).”

Purpose of the Standard System

The purpose of the standard system proposed by the Ministry of Industry and Information Technology is to provide a top-level design for the regulation and use of blockchain and distributed accounting technology. By 2023, the guidelines aim to clarify the overall rules for standard system construction and standard development, identify the relationship between standards, and focus on the development of basic common standards to meet the standardization needs of blockchain and distributed accounting technology in China.

Standardization Needs of Blockchain Technology in China

By creating a standard system for blockchain and distributed accounting technology, industries and businesses can benefit from improved efficiency and increased transparency. However, developing a standard system requires extensive research and collaboration between government agencies, industry experts, and other stakeholders. The proposed guidelines acknowledge the complexity of the task and propose several sub-goals for achieving the broader goal of standardization.

Clarity of Top-Level Design

The guidelines recommend that the top-level design of the standard system should be clarified by 2023. This would involve defining the key components of the system and establishing guidelines for their implementation. Doing so would enable all stakeholders to work towards a common goal and create a unified approach towards the development of blockchain and distributed accounting technology.

Rules for Standard System Construction and Development

The guidelines also propose the establishment of overall rules for standard system construction and development. This would involve creating a framework for the development of standards to ensure that they are consistent and effective over time. The rules would also consider the needs and requirements of various industries and sectors, providing a customized approach for standards development.

Relationship Between Standards

Another important aspect of the proposed standard system is to clarify the relationships between different standards. This would involve establishing a hierarchy of standards and identifying how they interact with one another. By doing so, businesses and industries adopting blockchain and distributed accounting technology would be able to streamline their processes and minimize confusion surrounding the use of various standards.

Basic Common Standards

The guidelines highlight the need for developing basic common standards that can regulate the fundamental elements of blockchain and distributed accounting technology. By focusing on these basic standards, the guidelines aim to create a foundation for more advanced standards to be developed. Moreover, establishing standardization at the fundamental level will provide a necessary baseline for the growth and maturation of blockchain technology.

Future Goals of the Standard System

While the proposed “Guidelines for the Construction of Blockchain and Distributed Accounting Technology Standard System (Version 2023)” set the broad framework for regulation, future goals for developing the system extend beyond 2023. In 2025, the national standard system for blockchain and distributed accounting technology will be further improved and refined. Efforts will be made to promote standards such as basic commonalities, key application demonstrations, and security guarantees of blockchain and distributed accounting technology. By doing so, the guidelines aim to guide the construction of China’s blockchain industry, improve the level of technology, and provide better application services.

Conclusion

The guidelines proposed by the Ministry of Industry and Information Technology are a step towards standardizing the use and application of blockchain and distributed accounting technology. By creating a top-level design for the regulation and use of this technology, business and industry can benefit from improved efficiency and transparency. The proposed system sets several goals that aim to create the necessary framework for regulating the technology and promote its use in China.

FAQs:

1. How will the proposed standards be enforced?
A: The enforcement of the proposed standards will likely involve regulatory bodies such as the State Administration for Market Regulation and its affiliates.
2. How will the proposed standard system impact businesses and industries?
A: The adoption of the proposed standard system will benefit businesses and industries by creating a unified approach towards the development of blockchain and distributed accounting technology.
3. What are the potential challenges in implementing the proposed standard system?
A: Implementing the proposed standard system will require extensive collaboration between government agencies, industry experts, and other stakeholders. Moreover, adjusting to new standards may be challenging for businesses and industries that are not accustomed to this type of regulation.