Ethereum wins 1st place in blockchain index from China

The Chinese Research Institute of the Ministry of Industry and Information Technology has published a blockchain index. The institute, which is tied to the government, publishes a ranking of 28 ledgers. These are evaluated according to the criteria technology, applicability and innovation. The first three places are occupied by Ethereum, Steemit and Lisk. Bitcoin is a little further behind.

After the People’s Republic of China last year provided for extensive FUD in the crypto world, the government now issued the first official blockchain index for the technologies behind crypto currencies. According to the publication, various researchers evaluated the technologies behind the crypto currencies according to the criteria of basic technology, applicability and innovation.

The Ethereum blockchain is ranked first with a total index of 129.4 points. The ranking consists of 80.3 points for basic technology (B), 23.7 points for applicability (A) and 25.4 points for innovation (I). The steemite blockchain scored 82.6 points in the basic technology, which is even better, but is lagging behind in terms of applicability (9.4 points) and innovation capability (23.9 points), resulting in an overall ranking of 115.9 points. This puts Steemit in second place. The German company Lisk ranked third with 104.8 total points (B: 64.4, A: 20.9, I: 19.5).

The complete list of the Bitcoin news can be found here:

As you can see, Bitcoin news only appears in 13th place. As a pioneer in the blockchain area, the crypto currency receives the best rating with 35.6 points, at least in the area of innovation. The winner in the field of applicability is NEO with 26.6 points. IOTA and Cardano share seventh place.

As you can also see from the list, the publication of the figures stops abruptly after 15th place. Although the ranking is visible, the score is not. Ripple occupies 17th place here, the taillight is NEM.

Criteria in blockchain index not entirely transparent

According to local sources, the index should help to capture the status quo of the development of global blockchain technologies. The aim is to identify trends in good time and, if necessary, promote them.

The exact evaluation criteria and the entire research process are not yet fully visible. Whether and to what extent the ranking is meaningful remains to be seen. The fact that the Ethereum blockchain with its Smart Contracts is at the forefront of basic technology will come as no surprise in this context. The first place for Bitcoin in terms of innovation is also evident here.

Part of the analyst team includes Chen Zhong, who graduated from Beijing University and is now Vice President of JPMorgan in London. Other researchers include Wei Xu of Tsinghua University and Gan Guohua of Microsoft China.