ONTUSD - Chinese Center for Information and Industry Development
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CCID as of Dec 2018 rankings:
#1 EOS
#2 Ethereum
#3 GXChain
#4 Komodo
#5 Ontology
#9 NEO
#13 Stellar
#18 Bitcoin
#19 Ripple
Kelly Cromley, Cointrust article, December 25th, 2018
"The Chinese Center for the Development of the Information Industry (CCID) issued the seventh edition of the cryptocurrency and blockchain ratings. It is a division of the Ministry of Industry and IT. It was launched in May and initially included 28 crypto projects. Since its inception, however, five cryptocurrencies have been added to the list. This accounts for 33 crypto projects. The ranking of the cryptographic projects was based on their fundamental technology, applicability, creativity and overall rating."
My thoughts:
Given the negative stance from China on cryptocurrencies it is interesting to view their rankings on public blockchains in this space. Their rankings should be very closely monitored as China and Asia will have tremendous value and clout on the development of this technology. The Chinese government is not interested in "store of value" proposition like BTC necessarily. They are interested in blockchain tech that can help power the 3rd industrial revolution since they nearly missed the 2nd. This set China back decades until the last 20 years they have been able to adapt and grow. Asia in general understands the future is internet of things i.e. all things being connected to the internet. The Chinese Gov't are especially interested in its use to expand government monitoring and their socialist agenda. Outside of a political agenda they also see themselves becoming a global leader of blockchain technology that will empower their next hyperwave technological growth and increase China GDP and exports of this technology.
Also keep in mind that many of the top Chinese companies operate as quasi-sovereign entities. Meaning the actual government owns a controlling interest in the company. In Chinese economics this is viewed as providing support, strength and longevity. Western economics disagree and believe markets/companies should only be supported by what the market decides. Although this is highly debatable (look at QE I, II, III). Either way it's inevitable that China will provide a great deal of financial backing to several promising native blockchain projects and you'll more than likely see this reflected in prices.
I would encourage you all to keep a close eye on Ontology and NEO in 2019.
Ontology from a technical pattern (Bull Pennant) has the potential to have a large upside move to $1 and has shown strength vs. Bitcoin.
2019 could be the year where the Chinese start to influence the markets to propel their native projects like NEO and ONT with big government support. If not this year I expect news coming by 2020. You'll then finally see these projects start to decouple from Bitcoin which is highly needed for diversity of success of this industry.
Best Regards,
Bobby
-Don't hate the hair, hate the game
CCID as of Dec 2018 rankings:
#1 EOS
#2 Ethereum
#3 GXChain
#4 Komodo
#5 Ontology
#9 NEO
#13 Stellar
#18 Bitcoin
#19 Ripple
Kelly Cromley, Cointrust article, December 25th, 2018
"The Chinese Center for the Development of the Information Industry (CCID) issued the seventh edition of the cryptocurrency and blockchain ratings. It is a division of the Ministry of Industry and IT. It was launched in May and initially included 28 crypto projects. Since its inception, however, five cryptocurrencies have been added to the list. This accounts for 33 crypto projects. The ranking of the cryptographic projects was based on their fundamental technology, applicability, creativity and overall rating."
My thoughts:
Given the negative stance from China on cryptocurrencies it is interesting to view their rankings on public blockchains in this space. Their rankings should be very closely monitored as China and Asia will have tremendous value and clout on the development of this technology. The Chinese government is not interested in "store of value" proposition like BTC necessarily. They are interested in blockchain tech that can help power the 3rd industrial revolution since they nearly missed the 2nd. This set China back decades until the last 20 years they have been able to adapt and grow. Asia in general understands the future is internet of things i.e. all things being connected to the internet. The Chinese Gov't are especially interested in its use to expand government monitoring and their socialist agenda. Outside of a political agenda they also see themselves becoming a global leader of blockchain technology that will empower their next hyperwave technological growth and increase China GDP and exports of this technology.
Also keep in mind that many of the top Chinese companies operate as quasi-sovereign entities. Meaning the actual government owns a controlling interest in the company. In Chinese economics this is viewed as providing support, strength and longevity. Western economics disagree and believe markets/companies should only be supported by what the market decides. Although this is highly debatable (look at QE I, II, III). Either way it's inevitable that China will provide a great deal of financial backing to several promising native blockchain projects and you'll more than likely see this reflected in prices.
I would encourage you all to keep a close eye on Ontology and NEO in 2019.
Ontology from a technical pattern (Bull Pennant) has the potential to have a large upside move to $1 and has shown strength vs. Bitcoin.
2019 could be the year where the Chinese start to influence the markets to propel their native projects like NEO and ONT with big government support. If not this year I expect news coming by 2020. You'll then finally see these projects start to decouple from Bitcoin which is highly needed for diversity of success of this industry.
Best Regards,
Bobby
-Don't hate the hair, hate the game