The blockchain subsidiary of Chinese fintech giant Ant Group has backed the launch of the first international standard for data privacy in blockchain computing
AntChain and the China Academy for Information and Communications Technology (CAICT) have jointly launched the “TEE-Based Blockchain Privacy Computing” standard, according to a report from Beijing Daily.
The standard, as endorsed by the International Telecommunications Union (ITU) is reportedly the first international standard in the world to cover the protection of data privacy on blockchains.
CAICT has also recently worked with the Chinese central bank on the development of two new blockchain standards – the “function assessment methods for distributed ledger technology (DLT) platforms” and the “performance assessment methods for distributed ledger technology (DLT) platforms.”
The new standards were developed by the Chinese central bank and CAICT in their role as participants in the ITU-T Study Group 16 – a statutory group of the ITU Telecommunication Standardization Sector.