Earlier this week the Chinese government announced the introduction of a blockchain rating system and now the 28 projects that will be rated are known.
The 28 projects that will be assessed by a scientific institution overseen by China’s Ministry of Industry and Information Technology (MITT) are: Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Cardano, Stellar, NEO, IOTA, Monero, Dash, NEM, Ethereum Classic, QTUM, NANO, Lisk, Zcash, Verge, Stratis, Siacoin, Steem, BitShares, Bytecoin, Waves, Decred, Hshare, Komodo and ARK.
In the ‘Global Public Chain Assessment Index’, the 28 blockchain projects will be rated based on their technological capabilities and practical use cases. The China Electronic Informatio Industry Development institute (CCID) will be responsible for the rating system. In August 2017, the CCID launched a blockchain research departement in Qingdao.