China blockchain technology is in the news. They have released a newsflash in the world of cryptocurrency. It talks about the China Electronics Standardization Institute. The institute has ended the blockchain competition evaluation. The evaluation was preliminary. The successful ending happened on the eighth and ninth of July 2020.
Review experts participated
There were ten review experts. These experts carried out the evaluation. They considered four dimensions of innovation. It includes program rationality and document integrity. It also includes the level of promotion. The experts must complete the preliminary evaluation. It is after that the re-evaluation stage comes in. These ten experts selected ten of the 140 registered projects. Around 40 projects entered the re-evaluation stage.
The total procedure of the competition
There were 40 participating teams. The experts approve them to take part in the semifinals. The arrangement of the semifinals will be in Xiaoshan and Hangzhou. 30 July 2020 is the date of semifinals. Twenty teams will be selected during the semifinals. The finals will be held on 30 July 2020. Twenty teams will compete with each other in the finals. The winner will be ten teams. 31 July 2020 will be the day of the special result conference. The winning team will participate in the conference. The capital matching conference will be held on 1 August 2020.
A group of the best
The whole review team includes skilled blockchain experts. These experts are specially invited from China. White Matrix, especially thanks to everyone for cooperation and support for the development competition. Bitcoin World Capital is a brilliant cryptocurrency-related news website where you can get full coverage of the crypto industry.
Creating an ecological environment
The theme of the competition is the “Standards Lead Open Source Innovation.” It is to be held in the Zhejiang province of Hangzhou. This competition is aiming at actively cultivating the blockchain application solutions. China blockchain is trying to create an ecological environment. This environment is for the blockchain technology and industrial development.
The Results conference is a collaboration between three groups. The blockchain technology, the Application Summit, and the fourth China blockchain development. Various leaders, experts, and representatives will come. These special guests will be from various departments, industry, and enterprises. They are invited to share their thoughts. Their thoughts will be the latest progress in terms of the policy, technology, application, industry, etc.