The Chinese Ministry of Industry and Information Technology recently published the second edition of the Global Public Chain Technology Evaluation Index, a report that looks at 30 cryptocurrencies and ranks them according to their performance and development. The June report puts EOS at the top of the list, followed by Ethereum; as for Bitcoin, the most valuable digital currency in the world, the index ranks it in the 17th position.
It is interesting to note that China is the only country currently engaged in ranking blockchains and their monetary digital tokens, and this is ironic given the fact that trading cryptocurrencies is prohibited by Chinese law, and the same goes for initial coin offerings.
In China, individuals can legally acquire digital currencies and use them to settle various transactions; moreover, this is a leading country in terms of mining for digital tokens, but the law specifically prohibits the organization and operation of cryptocurrency exchanges in the country.
Chinese officials expect to set up the standards, bylaws, and rules governing the national blockchain by the end of next year, with a possible implementation in 2020. It is very likely that the government will encourage third-party developers to create applications for this blockchain, which could also be used as a land registry system and records repository.