Global Public Chain Assessment Index is a brainchild of China Center for Information Industry Development (CCID) of the Ministry of Industry and Information Technology. The index gives an in-depth audit of global blockchain projects by masters in government, academia, and industry. The declaration of the Index was done on May 11, 2018, amid a specialist seminar on public chain assessment.
Driving personalities from industry and academics, for example, Prof. Zhong Chen from Peking University, Prof. Jingsha He from Beijing University of Technology, Prof. Yi Sun from Chinese Academy of Sciences, Microsoft China CTO Jiang Li and other well-known blockchain experts were welcome to the conference. It was amid this gathering the criteria for identification of public chain objects was declared. These incorporated the accompanying parts of the assessment
- The project should have its own independent main chain
- The node can be freely created
- It should have a published block explorer where block information can easily be tracked
- Open source code
- The project’s website page is available and the project’s team member can be contacted.
This factor covered the three noteworthy essential factors of any blockchain – its technological capacity, the usefulness of application, and innovativeness.
At the point when altogether assessed among 30 projects, EOS emerged the best in every one of the 3 essential parameters of technology, usefulness, and innovation. This obviously put EOS ahead in the game among others. The list has some noticeable names like Ethereum, NEO, Stellar, and Lisk which individually took the spots after EOS. What came as a surprise was Bitcoin’s ranking. The bellwether digital currency was positioned seventeenth in this list which was significantly due to in its absence of technological capacity and convenience regardless of its innovativeness.