ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.


24hr ---

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story


Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
Ether Price Analysis
Contact Us
ETHNews will sunset at the end of August. The site will remain accessible for a few weeks while necessary maintenance is performed. Thanks, as always, for reading.

China UnionPay Releases Blockchain Project Assessment Standards




China UnionPay and Tongji University publicly released their jointly developed blockchain project assessment standards.

Tongji University in Shanghai, China recently held The Blockchain Projects Assessment Conference. The blockchain conference was co-hosted by Zhou Yu, Director of Blockchain Projects of E-commerce and Electronic Payment National Engineering Laboratory (EEPNEL) for China UnionPay, and Professor Ma Xiaofeng, Deputy Director of Data and Network Security Research Center (DNSRC) at Tongji University.

It was these two organizations, Tongji’s DNSRC and China UnionPay’s EEPNEL, who collaborated on developing China's Blockchain Evaluation Standard. The evaluation standard for assessing blockchain projects was first released to the public at the recent conference. China UnionPay is the world’s largest card payment organization, with regard to debit and credit card transactions, standing ahead of Visa and Mastercard.

China’s new standard is comprised of two parts: a general assessment standard for blockchain-based projects in all sectors, and an additional standard just for the financial sector. The general standard consists of 36 test items, which are made up of an authentication test, performance test, and security test. The financial standard is a set of 34 test items and 114 evaluation indicators across nine areas, including scalability, security, performance, and interoperability. The finance assessment standard also includes a business scenario for testing purposes.

The standard is deployed through a blockchain-based cloud platform where projects can be evaluated, audited, and debugged. China’s new assessment standard has already been deployed to test relevant projects from the Shanghai Blockchain Innovation Sandbox. That sandbox was jointly founded by Tongji University, China UnionPay, and many other finance and tech enterprises.

It would seem these Chinese organizations are helping the blockchain sector to regulate itself. By setting evaluation standards for blockchain projects, integrating them into existing systems should occur more easily. This could happen by efficiently filtering out the projects that aren’t ready for widespread adoption or lack appropriate security measures.

If this type of system proves to be successful at accelerating the growth of blockchain technology, it wouldn’t be surprising to see other countries form similar standardized evaluations for blockchain-based projects.

Jim Manning

Jim Manning lives in Los Angeles and has been writing for websites for over five years, with a particular interest in tech and science. His interest in blockchain technology and cryptocurrency stems from his belief that it is the way of the future. Jim is a guest writer for ETHNews. His views and opinions do not necessarily constitute the views and opinions of ETHNews.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest UnionPay, Tongji University or other Ethereum world news.