Blockchain standardized certification led by Chinese government

Aelf, a decentralized cloud computing blockchain network conveyed news on 22 July about receiving certification recognized with Standard Blockchain System Function Test.

Aelf indicated that with the growing ambiguity surrounding regulations related to blockchain and cryptocurrencies, China has not been immune to this growing trend. However, China has been leading the way to streamline blockchain usage and regulation. Aelf emphasized that the Chinese government well recognized the potential of decentralized technologies. In effect, China Electronics Technology Standardization Institute (CESI) – a government authorized institution, has been conducting Standard Blockchain System Function Test.

Aelf sustained by adding that the certifying body had been created to pressure test and certify the top blockchain projects operating in China. The blockchain network firm noted that the organization had certified only 30 projects globally, including Lenovo, Alipay, and most recently, itself. Aelf shared insight that the organization believed in the power of the technology.

Aelf’s CEO and Founder, Ma Haobo stated – 

“This certification shows the quality and core ability of not only our developers, but our blockchain platform. It is designed to meet the strict quality large enterprises are given to expect, and indeed require, to ensure they can function at the performance their clients expect.”

Aelf stressed that the creation of the Standard Blockchain System Function Test made it evident that China is at the forefront when compared with other governments. Aelf suggested that while many governments are struggling to regulate blockchain projects, China had taken a firm stance and developed comprehensive guidelines. Aelf stated that the certification provided a standard that could be used by the general public and other enterprises to judge the quality of the projects. 

China has been leading the way to streamline blockchain usage and regulation. Aelf emphasized that the Chinese government well recognized the potential of decentralized technologies.

Recently, one of Europe’s largest telecom met Aelf for a private showcase. The meeting sustained positively with the discussion ranging from current blockchain adoption to how digital innovation could combine with Aelf’s cross-chain technology. Aelf noted that Orange was constantly exploring emerging technologies to find a commercial breakthrough while regarding China as a pioneer of digital innovation.

Aelf added briefly on the logistics of the certification noting that currently there was no obligation for any project to apply for certification. However, for those that do apply to undergo rigorous testing. After having an application approved, the project will then receive a visit from specialized government agents. These agents would complete a comprehensive process consisting of over 40 pages of tests and analysis. The test pass constitutes a score above 60% after rigorous evaluation.