China is set to launch the first blockchain security testing center in the country. The National Computer Network Emergency Coordination Center has signed an agreement with the economic development zone of Changsha, the capital city of Hunan province, to open the country’s first blockchain security tech testing center, local media is reporting.

The dedicated security testing center for blockchain will be instrumental in regulating the development of the industry, monitoring data and reporting the supervision work relevant to the blockchain in China. The scope of the testing center will include code review and risk control, among other services.

“Whether or not blockchain technology is mature and stable, or the smart contracts being developed are safe are all critical factors that affect the adoption of blockchain technology and its applications,” said Wu Zheng, Secretary-general of National Committee of Experts on the Internet Financial Security Technology.

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Nicole Jao

Nicole Jao is a reporter based in Beijing. She’s passionate about emerging trends, news, and stories of human interest within the world of technology. Connect with her on Twitter or via email: nicole.jao.iting@gmail.com.