The country's first local blockchain security standard is expected to debut in Shanghai

According to the news from Shanghai Securities News on September 11, a reporter from Shanghai Securities News learned that in order to strengthen the guidance and regulation of blockchain technology and promote the safe and orderly development of blockchain technology applications, the Shanghai Municipal Standard "Blockchain Technology Safety and Universal Specifications (Draft for Comments)” (hereinafter referred to as the “Specifications”) has now been formed. According to the requirements of the working procedures for the formulation and revision of local standards in Shanghai, the Shanghai Information Security Evaluation and Certification Center recently solicited opinions from the public on the "Specifications".

The country's first digital renminbi prepaid consumption platform landed: According to news on May 6, the country's first digital renminbi prepaid consumption platform was launched in Futian, Shenzhen today, and the education and training industry was the first choice for the pilot. According to reports, the digital renminbi smart contract technology can solve the pain points of traditional prepaid consumption, such as the difficulty of terminating consumption and refunding, the difficulty of recovering from business closures, and the difficulty of proving consumer rights. After consumers use digital renminbi to pay fees on the platform, the prepaid funds will be "frozen" in the digital renminbi wallet. According to different verification methods such as the number of classes attended, the prepaid funds can be realized through the underlying technology of digital renminbi. An explanation". Shenzhen Construction Bank became the first bank to participate in the pilot program. (Financial Associated Press) [2022/5/6 2:54:36]

This means that the first local blockchain security standard in China will be unveiled in Shanghai, and there will be regulations to follow in the "counterfeiting" of blockchain. At the same time, the national blockchain technology standard is also in the process of being formulated.

The country's first blockchain platform capital project authenticity review business landed in the Greater Bay Area: learned from the Guangzhou Branch of the People's Bank of China that on July 16, the State Administration of Foreign Exchange's cross-border financial blockchain service platform capital project income payment facilitation The application scenario of sex review has officially started piloting, and Guangdong is one of the five pilot areas in the country. On the first day of launch, under the guidance of the Guangdong Branch of the State Administration of Foreign Exchange, Bank of China Guangdong Free Trade Zone Nansha Branch successfully used the cross-border financial blockchain service platform to handle a foreign exchange settlement of US$5.52 million for a free trade zone enterprise Facilitating the authenticity review business marks the first implementation of this pilot project in the Guangdong-Hong Kong-Macao Greater Bay Area.

Capital account income payment facilitation business refers to allowing qualified enterprises to use capital account income such as capital funds, foreign debts, and overseas listings for domestic payments without having to report to the bank in advance on a case-by-case basis under the premise of ensuring that the use of funds is true and compliant. Provide proof of authenticity. Since the pilot policy was launched in the Guangdong Free Trade Zone in 2018, it has been widely welcomed by market players, and it will be replicated and promoted to the Guangdong-Hong Kong-Macao Greater Bay Area in March 2020. (China Securities Network) [2020/7/16]

my country has clearly required blockchain as an important breakthrough for core technology and independent innovation. In the stage of rapid development of blockchain technology and industrial applications, it is urgent to pay attention to the potential security risks in the application of blockchain technology. The "Specification" further focuses and refines the common technical risks of blockchain technology, and proposes corresponding general security requirements, which are of great significance for promoting the healthy development of blockchain technology and ensuring the safe application of blockchain technology.

The country's first blockchain-based electronic bill for housing maintenance funds was issued in Kunming: On July 3, the blockchain + housing special maintenance fund management system was officially launched in Kunming, and the country's first blockchain-based electronic bill was issued. Electronic bills for housing maintenance funds. (Cloud Vision News)[2020/7/4]

It is reported that the "Specification" is an all-round, multi-level blockchain security general specification, involving all levels of blockchain technology. Among them, the extension layer includes smart contracts and service access; the protocol layer includes consensus mechanism, cryptography mechanism, personal information protection and networking mechanism, etc.; the infrastructure layer includes storage, network and computing.

In addition, the field of blockchain application security is also a key link in blockchain security that cannot be ignored. At present, blockchain has been widely used in many fields such as digital finance, Internet of Things, intelligent manufacturing, and supply chain management. The application security requirements of different industries are quite different. The "Specification" focuses on the technical versatility and security of the blockchain itself, and focuses on the analysis of the inherent security defects of the core mechanism of the blockchain and the security risks that may arise during the deployment of applications. Among them, in terms of personal information protection, the "Specification" requires that side chain technology should be used to realize the personal information protection function, and user business sensitive data should be placed on the side chain instead of being stored on the public main chain.

Source: China Securities Network

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