The China Centre for Information Industry Development (CCID) serves directly under the ministry of Industry and Information Technology in Beijing. CCID was established to develop information industries by abridging the gap between government and business ventures via R&D support and certifications.
CCID recently has taken major initiatives to scientifically evaluate global public chain technology and contribute towards the vastly evolving Blochian ecosystem. It has a larger vision to provide consulting services to blockchain businesses, government projects, developers community and institutional aids.
With the increasing number of public blockchain, CCID released the first global public blockchain technology assessment in May 2018. In this evaluation, Ethereum ranked first while Bitcoin stood at the thirteenth position. The ranking assessment index is concentrated in three areas: basic technology, applicability and project innovation.
The basic technology mainly examines the realization function, basic performance, safety and degree of centralization of public blockchains. The applicability focuses on the application scenarios, the number of wallets, the ease of use, and the development support on the chain. To qualify as a public chain object, applicants need to follow the listed rules :
- An application must possess its own independent main chain.
- Any entity should be able to freely create and operate a full node on the network.
- It should have a published block explorer where information is easily tracked.
- It must run on an open-source code.
- Its primary team members should be easy to contact through its website.
CCID public chain technology assessment continuously evaluates the indicators by optimising the ranking structure to stay at par with developments in the blockchain technology. To state an example, one of the recent upgradation to the indicators was the addition of new features to the safety assessment algorithm.
The second global public chain technology evaluation index was officially released in the Shanghai Science and Technology Department, which included 30 projects. Thirty public blockchains were selected as evaluation objects, including Bitcoin, Ethereum, NEO, Qtum, Steem, Lisk, Komodo, Stellar, Cardano, IOTA, Monero, Stratis, BitShare, Verge, Waves, Ethereum Classic, Ripple, Dash, Siacoin, Bytecoin, Litecoin, Ark, Zcash, Nano, Bitcoin Cash, Decred, Hshare, NEM, EOS and Nebulas. The following major changes in ranking was observed:
#Rank 1: EOS – with an evaluation index of 161.5 points
#Rank 2: Ethereum – with an evaluation index of 138.4 points
#Rank 17: Bitcoin – with an evaluation index of 91.5 points
Major reason for the high EOS ranking is that the protocol has a sophisticated and robust transaction validation performance, network throughput and transaction costs. One of the committee members commented on the EOSIO as “this project is highly active in technological innovation and is a new generation of public chain”
Details of the 30 Public chain objects rankings: