Shang­hai city plans to re­lease Chi­na’s first re­gional blockchain se­cu­rity stan­dards

The Shang­hai mu­nic­i­pal gov­ern­ment plans to re­lease Chi­na’s first re­gional stan­dards for the se­cure us­age of blockchain tech­nol­ogy, plac­ing an es­pe­cially strong em­pha­sis on the pro­tec­tion of per­sonal data, according to China Banking News.

On 9 Sep­tem­ber the Shang­hai In­for­ma­tion Se­cu­rity Test­ing Eval­u­a­tion and Cer­ti­fi­ca­tion Cen­tre (SHTEC) re­leased the draft ver­sion of its “Gen­eral Stan­dards for Blockchain Se­cu­rity Tech­nol­ogy” for the so­lic­i­ta­tion opin­ions from the pub­lic.

Ac­cord­ing to SHTEC the new Stan­dards are for the pur­pose of “strength­en­ing guid­ance and stan­dard­i­s­a­tion of blockchain tech­nol­ogy,” as well as “dri­ving the safe and or­derly de­vel­op­ment of blockchain tech­nol­ogy ap­pli­ca­tions.”

The Stan­dards place heavy em­pha­sis on the pro­tec­tion of per­sonal data, out­lin­ing work re­quire­ments in three ar­eas in par­tic­u­lar:

  1. Us­age of main­stream sig­na­ture meth­ods to pro­tect in­for­ma­tion con­fi­den­tial­ity, in­clud­ing but not lim­ited to blind sig­na­tures, ring sig­na­tures and group sig­na­tures;
  2. The pro­vi­sion of data trans­for­ma­tion tech­nol­ogy, in­clud­ing meth­ods such as data en­cryp­tion and the de­sen­si­ti­sa­tion of sen­si­tive data, in or­der to trans­form sen­si­tive data;
  3. Ap­pro­pri­ate us­age of sidechain tech­nol­ogy to achieve pro­tec­tion of per­sonal in­for­ma­tion, and place­ment of sen­si­tive op­er­a­tional data of users on sidechains, as op­posed to stor­age on open mas­ter chains.

The move from SHTEC ar­rives fol­low­ing the re­lease of the “Blockchain Tech­nol­ogy Fi­nan­cial Ap­pli­ca­tion As­sess­ment Reg­u­la­tions” by the Chi­nese cen­tral bank on 10 July, as well as the re­quire­ment that Chi­nese fi­nan­cial in­sti­tu­tions reg­u­larly con­duct ex­ter­nal se­cu­rity as­sess­ments and un­der­take fil­ing of blockchain tech­nol­ogy ap­pli­ca­tions.

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