Central Cyperspace Affairs Commission Unveils China’s First Batch of Registered Blockchain Projects

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One of China’s top internet regulators has released its first list of registered blockchain projects, revealing the heavy representation of domestic tech giants and financial institutions.

On 30 March China’s Central Cyperspace Affairs Commission (CCAC) publicly released its first list of the names of 197 blockchain information services projects and their registration numbers.

According to state-owned media the 197 registered projects hail from 18 provinces around China and involve leading tech companies and financial institutions including Alibaba, Tencent, JD.com, Lufax, WeBank, Ping An Insurance, China Zheshang Bank, Haier and Sichuan Hejia.

The registered projects cover areas including supply chain financing, open platforms, as well as anti-counterfeiting and source tracking.

Baidu has three registered projects, including the Baidu Blockchain Engine (百度区块链引擎), Superchain (超级链) and Tuteng (图腾), while Alibaba-affiliate Ant Financial has registered its Blockchain-as-a-Service platform (BAAS).

Tencent’s registered rejects include Tencent blockchain (腾讯区块链) and Tencent Cloud’s TBaaS blockchain services platform, while JD.coms has registered its JD Cloud Blockchain Data Services (有京东云区块链数据服务).

Ping An Insurance has registered its online data pre-payments card service under its Yiqianbao vehicle (壹钱包), as well as One Connect’s Yizhang chain (壹账链) and the Tianjin port blockchain cross-border trade platform.

China Zheshang Bank has registered its personal wealth management product transfer platform, accounts receivables platform and off-site transaction platform, while WeBank has obtained registration of its BCOS and FISCO platform (金链盟区块链底层开源平台).

WeBank’s registered projects include its BaaS platform, brand tracing project and its Titanium Platform (钛平台).

The release of the list arrives following the official implementation of the “Blockchain Information Services Administration Provisions” (区块链信息服务管理规定) on 15 February 2019, and CCAC launch of project filing and inspection work.

CCAC said that registration of the blockchain projects does not mean approval of the registering entity and its products or services, and registration cannot be used for commercial purposes.

CCAC said that in future it will work with the relevant Chinese authorities to conduct supervision and inspection of the registering entities, as well as expedite unregistered entities to perform their registration duties as soon as possible.

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