Blockchain Platform Security Standard to Be Established

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The blockchain industry is on the verge of a major regulatory milestone with the upcoming release of the Blockchain Platform Security Technical Requirements—a new industry standard aimed at strengthening the security infrastructure of blockchain platforms. As digital assets gain mainstream traction, ensuring robust, standardized security measures has become a top priority for regulators, developers, and users alike.

The Need for a Unified Security Standard

Blockchain technology, once hailed as inherently secure due to its decentralized and immutable nature, has increasingly become a target for cyberattacks. Despite its promise, the reality is that many blockchain platforms and digital asset exchanges operate with critical security flaws.

According to Wu Zhen, head of the Internet Financial Regulation Technology Support Task Force at the National Internet Emergency Response Center, the Blockchain Platform Security Technical Requirements is currently in the drafting and立项 (project initiation) phase. This standard will define the primary threats facing blockchain platforms and establish a comprehensive security architecture. It will also set specific technical requirements for key system modules, laying the foundation for secure and stable blockchain operations.

"Security is the lifeline of digital asset storage," Wu emphasized, highlighting that technical risks—such as 51% attacks, block withholding, selfish mining, code vulnerabilities, exchange breaches, and private key theft—are now more evident than ever.

Real-World Consequences of Poor Security

The urgency for such a standard is underscored by a series of high-profile breaches:

These incidents highlight not only external threats but also internal vulnerabilities and weak governance structures within exchanges.

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Widespread Security Gaps in Crypto Exchanges

A report by ICO Rating analyzed 100 cryptocurrency exchanges with over $1 million in daily trading volume. The findings were alarming:

Additionally, research from the decentralized vulnerability platform DVP revealed that over 600 exchanges still use outdated, open-source software with known vulnerabilities. These flaws allow attackers to bypass restrictions, alter data, or delete critical information without authorization.

Beyond Cryptocurrency: The Broader Digital Asset Landscape

Digital assets are no longer limited to cryptocurrencies. They now include tokenized real estate, digital identities, intellectual property, and more. Li Ming, Director of the Blockchain Research Division at China Electronics Standardization Institute under MIIT, explains:

“Blockchain maximizes data value. As data grows in volume and value, it transforms into an asset—whether natively digital or a representation of physical assets.”

This evolution demands secure storage and management solutions that protect user sovereignty and privacy.

Cobo co-founder and CTO Jiang Changhao envisions a future where individuals manage all personal data through digital wallets.

“A single unique token could represent your entire identity. You can authenticate yourself without revealing personal details—enhancing both security and privacy.”

Regulatory and Accounting Frameworks Still Lacking

While technical standards advance, other critical areas lag behind. Luo Mei, PhD supervisor at Tsinghua University’s School of Economics and Management and director of its Digital Financial Assets Research Center, stresses the need for standardized accounting and tax policies for digital assets.

“There’s currently no clear accounting framework for cryptocurrencies. Valuation remains a major challenge. Without proper regulations, many players are operating in gray areas.”

She warns that sustainable growth in the digital asset space requires not just technological innovation but also institutional design and oversight.

Global Initiatives and Technological Integration

Internationally, efforts are underway to harmonize digital asset frameworks. The African Digital Asset Framework (ADAF), launched in November 2018, aims to promote cross-border cryptocurrency trade across Africa. As an open-source platform, ADAF supports the African Union’s Single African Digital Market initiative—using blockchain to drive economic integration.

Meanwhile, emerging technologies like secure chips, mobile payments, trusted cloud computing, advanced cryptography, and blockchain itself are expected to form the backbone of next-generation digital asset systems—many of which were highlighted by Sheng Songcheng, advisor to the People’s Bank of China.

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The Path Forward: Security as a Foundation

As blockchain applications expand across finance, supply chain, healthcare, and government services, security must remain central. Wu Zhen warns that risks are accumulating—not just financial losses but potential social instability due to large-scale breaches.

The new Blockchain Platform Security Technical Requirements will address:

Li Ming reinforces that blockchain development must remain technology-centric, with industry standards—especially in security—being developed collaboratively and transparently.

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Frequently Asked Questions (FAQ)

Q: What is the Blockchain Platform Security Technical Requirements?
A: It’s an upcoming industry standard in China that defines security threats, architectural guidelines, and technical specifications for blockchain platforms to ensure safe and reliable operations.

Q: Why do blockchain platforms need security standards?
A: Despite blockchain’s reputation for security, many implementations suffer from coding flaws, weak access controls, and poor key management. Standardization helps prevent hacks, fraud, and systemic failures.

Q: Are most crypto exchanges secure?
A: No. Studies show over half lack basic protections like strong password policies or email verification. Many rely on outdated software with known vulnerabilities.

Q: Can digital assets include more than just cryptocurrencies?
A: Absolutely. Digital assets now encompass tokenized real estate, digital IDs, intellectual property, and any data with verifiable value on a blockchain.

Q: Who is developing these blockchain standards?
A: In China, organizations like the National Internet Emergency Response Center and the China Electronics Standardization Institute are leading efforts, with input from academia and industry experts.

Q: How does security impact everyday users?
A: Strong security means safer wallets, fewer exchange collapses, protection against identity theft, and greater confidence in using digital assets for transactions and identity verification.


The future of digital assets hinges on trust—and trust is built on security. With formal standards on the horizon, the blockchain ecosystem is taking a crucial step toward maturity, resilience, and long-term sustainability.