Last week, the China’s Ministry of Industry and Information Technology’s (MIIT) CCID Institute of Blockchain Research announced the first batch of public blockchains included in its Global Public Chain Evaluation List. Nebulas, along with other world-leading blockchain projects, was included on this initial list.

Today (Beijing time, June 20, 2018), the CCID Institute of Blockchain Research under the Ministry of Industry and Information Technology published their initial evaluations of the selected blockchain projects.

Nebulas ranked as 6th on the list with the 105.3 index, and its application index ranks the 5th in the world.

The CCID Research Institute mainly evaluates the three dimensions of a blockchain, including: technology, applications, and innovation. It judges these traits for 30 of the world’s most influential public blockchain projects.

The announcement of this selection list is encouraging, but we are obviously not satisfied. On the one hand our relatively high ranking indicates that third-parties recognize the strength of our platform, but we are acutely aware that we there is still room to improve and become even better.

Nebulas will continue to build on this achievement and continue to work hard to build a sustainable and healthy public chain ecosystem.

The Global Public Chain Technology Evaluation aims to provide an objective review of the technological development of the top global public blockchains, and increase transparency into blockchain trends and innovations. The evaluation index will be released regularly every month. This will also provide consulting services for governments, enterprises, scientific research institutes and technologists.

The CCID Public Chain Technology Evaluation working group also announced several updates to their mandate. To begin, they revealed a plan for the future development of blockchain talent in China was also announced. They also announced they would be amending the second phase of their public chain evaluation. The second-phase evaluation model has been ameliorated with an improved security assessment algorithm, and the addition of a public chain node deployment difficulty indicator and a code submission assessment.

The CCID Global Public Chain Technology Evaluation Index (Phase II) was formally released to the society at the Chain Lock Response (II) Summit Technology Forum. The Forum was led by the China Electronics Information Industry Development Institute, and the CCID Group, hosted by the Chain Research Institute, and organized by Shanghai Pan Wu Culture Communication Co., Ltd. This is the first blockchain evaluation index in the world released by a professional organization, and it is also the world’s first technology-focused assessment index, which is in line with the China’s national policy of promoting blockchain technology innovation.