A new blockchain international standard led by Chinese enterprises has successfully established a project for trusted data circulation scenarios

From September 20th to 22nd, 2022, the plenary meeting of the IEEE Computer Society Blockchain and Distributed Accounting Standards Committee and the P3200 Series International Standards Working Group will hold an online meeting. The reporter learned that a project called “Blockchain-based Trusted Data Circulation Standard” was successfully established and a working group was formally established. The standard was led by Ant Group, and 12 institutions including China Electronics Standardization Institute, State Grid, China Mobile, Tencent, and Zhejiang University participated in the formulation.

It is understood that this is IEEE’s first international blockchain standard for trusted data circulation scenarios. According to incomplete statistics, Ant Group has taken the lead in leading the blockchain in the fields of supply chain finance, cross-chain, privacy protection, and all-in-one computers. chain international standard.

The full name of IEEE is “Institute of Electrical and Electronics Engineers”. It is currently the world’s largest non-profit professional technical society. It has formulated more than 1,300 industry standards in the fields of space, computer, telecommunications, biomedicine, power and consumer electronics.

This standard defines the system architecture of the blockchain trusted data circulation platform, including the bottom layer of the computing engine, the core functional layer of the blockchain, the trusted data circulation layer and the interface layer, and specifies the platform function modules, data circulation process and technical security, etc. requirements, it can help relevant practitioners to carry out technical services in a more standardized and efficient manner in the context of data circulation.

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Today, data resources are scattered in different industries and institutions, forming “data silos”. Since a reliable connection cannot be established between data, the effective use of data information is restricted. Blockchain technology has the characteristics of non-tampering, multi-party consensus, openness and transparency, etc., which can better protect the rights and interests of ownership in the process of cross-organization use of data, prevent data from being tampered with and use illegally, and reduce data transaction costs between multiple parties.

Li Ming, chairman of the IEEE Computer Society Blockchain and Distributed Ledger Technology Standards Committee, said, “The successful establishment of the international standard for trusted data circulation blockchain will help promote the construction of the basic system of data circulation, and the establishment of standard rules can speed up Cultivate a unified technology and data market, and lay a solid foundation for the value release of data resources.”

In the digital age, Chinese technology companies are accelerating their participation in the formulation of international technology standards. It is understood that Ant Group has actively led and participated in the formulation of nearly 40 international standards, of which more than 20 standards have been dominated, covering blockchain, privacy computing, mobile payment, security technology and other fields.

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