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China’s Preference for Smart Contract Platforms…

Working directly under the government, China’s largest research and I.T. consulting firm, CCID, has released its latest evaluation report on the blockchain sector, with a slight preference for smart contract platforms.

The report, which is the eleventh of its kind, assesses the respective blockchains using three criteria: basic tech, applicability, and creativity.

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The score gained for basic tech seems to be the most influential and accounts for the bulk of the total index, and ultimately the ranking.

“The basic technology mainly evaluates the technical realization level of the public chain, and examines the function, performance, safety and decentralization of the public chain.” – CCID Report (translated)

China’s Latest Crypto Ranking ANNOUNCED: EOS and TRON Take Top Spot! Bitcoin… Fifteenth!Smart contract platform EOS has retained the number-one spot and TRON holds its ground at second place after recently being added to the list in February, pushing Ethereum down to third place despite its basic-tech index and applicability index being amongst the highest.

“Since the upgrade of Constantinople, the efficiency of the Ethereum network has improved, and the Ethereum Basic Technology Index has also risen from the 9th to the 6th.” CCID Report (translated)

Bitcoin slumped two places (from thirteenth to fifteenth) after gaining two places last month, but it ranks in the top five in terms of innovation.

Other blockchains ranking high include BitShares, Ontology, and NEO. Tezos has also dramatically improved its ranking since the last assessment, moving up to seventeenth from thirtieth.

A key insight to take away from these assessment reports is that China has huge interest in application-building platforms. So far, EOS, TRON, and Ethereum have established a runaway lead from the rest of the assessed blockchains on the list, but this can change in the next report. In the December assessment, Komodo was ranked fourth, and it is now tied for thirteenth with Stellar!

This is not investment advice; please always do thorough research and only invest what you are willing to lose, especially in times of uncertainty.

Image Source: http://www.ccidnet.com/2019/0322/10463928.shtml