China forms a national standards committee for blockchain to drive ‘high-tech innovation’

The Standardization Administration of China (SAC), the standards organization authorized by the State Council of China, has set up a national standards committee for blockchain technology to boost “high-tech innovation.”

Announced Wednesday, the SAC said the technical committee is “progressing in an orderly manner” to help “high-tech innovation,” promote “high levels of openness” and lead “high-quality development.”


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The SAC further said that it had established several such technical committees covering different sectors, including sharing economy. It aims to “more effectively play the role of standardization work and service economic development” through these “national professional standardization technical committees.”

The SAC supervises all standardization work in China, according to the International Organization for Standardization (ISO). It represents China within the ISO, the International Electrotechnical Commission (IEC) and other international and regional standardization organizations.

China has been going gung-ho about blockchain, especially since China’s President Xi Jinping publicly supported the technology in October. Earlier this month, government authorities in Shanghai, along with China’s central bank and other banks, formed a blockchain alliance to improve trade finance operations. China is also almost ready to launch its national digital currency after five years of research and development.

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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.