[2017-05-19]CBD Forum Release First Blockchain Reference Architecture(BRA)

[hl5460]

15th May, Hangzhou-On the Hangzhou Summit of Blockchain Technology and Application 2017, the first Blockchain Reference Architecture (BRA) was officially released by CBD Forum. The document is drafted by 13 heavyweight entities in China and 5 companies have been tested in line with the framework.


http://news.8btc.com/cbd-forum-release-first-blockchain-reference-architecturebra

[freedomno1]

We had to nickname it Bra didn't we 
That said reading through it seemed interesting that they are defining a standard for what the Blockchain is and Australia is as well.

Blockchain is evolving in rapid pace. China has a certain condition for technology and industrial development. With high market and business participation, now is the important window for its development and implementation. MIIT will promote theoretical study and practical applications through effective policies.

Looks like China will be taking the lead.

[hl5460]

We had to nickname it Bra didn't we 
That said reading through it seemed interesting that they are defining a standard for what the Blockchain is and Australia is as well.

Blockchain is evolving in rapid pace. China has a certain condition for technology and industrial development. With high market and business participation, now is the important window for its development and implementation. MIIT will promote theoretical study and practical applications through effective policies.

Looks like China will be taking the lead.

But Korea and Japan are taking the lead in pumping the price.

[freedomno1]

We had to nickname it Bra didn't we 
That said reading through it seemed interesting that they are defining a standard for what the Blockchain is and Australia is as well.

Blockchain is evolving in rapid pace. China has a certain condition for technology and industrial development. With high market and business participation, now is the important window for its development and implementation. MIIT will promote theoretical study and practical applications through effective policies.

Looks like China will be taking the lead.

But Korea and Japan are taking the lead in pumping the price.

Each country has it's own role in building up the ecosystem, the first world or global north throw money into the system. Then the developing countries like China build the miners and define the blockchain rules, before exporting miners to cheaper electricity locations.

[hl5460]

Each country has it's own role in building up the ecosystem, the first world or global north throw money into the system. Then the developing countries like China build the miners and define the blockchain rules, before exporting miners to cheaper electricity locations.

Sharp insight!   What 's next?

[freedomno1]

Sharp insight!   What 's next?

Pinky: Gee, Brain, what do you want to do tonight? Brain: The same thing we do every night, Pinky - try to take over the world!

(But in all likelihood side-chains and pairing coins off a standardized blockchain algo so China-Coin can go mainstream)
http://www.marketwatch.com/story/chinese-banks-experiment-with-bitcoin-like-system-2017-03-06
The digital currency, known to the broader world as “ChinaCoin,” but officially referred to inside China as digital renminbi, or RMB, was developed by the PBOC in partnership with other private and public entities.

Eventually, Chinese authorities hope digital RMB will help the government strengthen oversight of the country’s banks, while helping to prevent financial crime.

[hl5460]

Sharp insight!   What 's next?

Pinky: Gee, Brain, what do you want to do tonight? Brain: The same thing we do every night, Pinky - try to take over the world!

(But in all likelihood side-chains and pairing coins off a standardized blockchain algo so China-Coin can go mainstream)
http://www.marketwatch.com/story/chinese-banks-experiment-with-bitcoin-like-system-2017-03-06
The digital currency, known to the broader world as “ChinaCoin,” but officially referred to inside China as digital renminbi, or RMB, was developed by the PBOC in partnership with other private and public entities.

Eventually, Chinese authorities hope digital RMB will help the government strengthen oversight of the country’s banks, while helping to prevent financial crime.

Effective starting from 1st July, over 10k USD deposit to overseas account will be censored by the foreign exchange bureau in China.

http://mt.sohu.com/business/d20170522/142620191_395826.shtml