China’s Center for Information and Industry Development has updated its crypto project ranking for this month, moving BTC up several places while still favoring EOS and Ethereum. The center explains its evaluation model and outlines future projects.
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China’s Crypto Ranking Update
China’s Center for Information and Industry Development (CCID), under the country’s Ministry of Industry and Information Technology, released its revised crypto project ranking last week. This is the center’s seventh update. The number of crypto projects evaluated remains at 33, unchanged from the previous ranking.
EOS continues to occupy the top position of the overall ranking, followed by Ethereum. The two projects have been in the same spots since the center’s . This month, the center upgraded BTC from the in the previous month to the 13th place. BCH, which endured a contentious on Nov. 15, dropped one position to the 29th place. Decred sank to the bottom of the list with NEM trailing close by. In the previous ranking, NEM was at the bottom of the list.
Thirty-three crypto projects were ranked based on their basic technology, applicability, and creativity, as well as overall. In the creativity category, BTC tops the list. EOS claims the number one spot in the basic technology category while Ethereum ranks first in the applicability category.
Evaluation Model and Future Plans
The CCID explained that its evaluation model is continuously optimized based on the recommendations of the project’s working group and expert consultants. The rankings are organized and implemented by the CCID Blockchain Research Institute and a number of organizations such as the CCID Think Tank, under China Electronics and Information Industry Development Institute, and China Software Testing Center.
The evaluation model adheres to three key principles, the center described. Firstly, “the indicators should be adapted to all evaluated objects, not just some.” Secondly, “the proposed indicators should be related to technological innovation in public chains.” Lastly, “the measurement or evaluation of the indicators can be implemented.”
Unveiling its future projects, the center detailed:
CCID Blockchain Research Institute will also launch an in-depth evaluation report and application development report for public chains … We will also launch an advisory service and report on public chain technology assessment.
What do you think of China’s updated ranking? Let us know in the comments section below.
Images courtesy of Shutterstock and CCID.
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On Tuesday, Canadian company Birks Group, a fine jewelry operation since 1879, announced its plan to accept bitcoin for products and services at eight select locations. Birks Group and its retail stores will accept cryptocurrencies through a partnership with Bitpay. The collaboration marks the first major implementation of Bitpay’s point-of-sale solution for brick-and-mortar locations within the Canadian region.
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Eight Birks Group Locations Integrate Bitpay
Cryptocurrency enthusiasts can now purchase silverware, timepieces, and fine jewelry with bitcoin cash (BCH) and bitcoin core (BTC) from eight select Birks Group locations in Canada. Birks Group has been providing jewelry services in the Canadian region for more than 100 years with its 28 Maison Birks and Brinkhaus stores. Through the partnership with Bitpay, the Birks Group locations that will accept BCH and BTC are in Vancouver West Hastings, Brinkhaus Calgary, Fairview Mall, Bloor, Yorkdale, Montreal and Calgary. Furthermore, the newly opened Patek Philippe and Graff stores will also be accepting cryptocurrencies in the near future. The company explained during the on Tuesday that “Birks Group is the first luxury retailer in Canada to accept bitcoin.”
Jean-Christophe Bédos, the chief executive officer of Birks Group said that the company’s collaboration with Bitpay is a significant milestone for the business. “As an internationally growing brand, we believe that Bitpay will benefit our customers as we look to align ourselves with these innovative capabilities that are on the forefront of technology,” the executive explained.
Bitpay’s chief commercial officer, Sonny Singh, added that the fine jewelry operation has a large number of international shoppers so accepting borderless digital assets “makes perfect sense.”
Fine Jewels and High-End International Clients
The Canadian company is not the only jeweler in the world accepting cryptocurrencies for payments since a slew of businesses have begun accepting digital assets since last year. In September last year, Bitpay with Bond Street-level jeweler Samer Halimeh NY. The well-known luxury diamond retailer, headquartered in Knightsbridge, also accepts BTC and BCH for retail services and business-to-business (B2B) gemstone trades. Last October, U.S. jewelry retailer Marks Jewelers started , including bitcoin cash, for products and services.
Birks Group detailed that retail store customers in select locations can purchase well-known jewelry brands — such as Breitling, Rolex, Bulgari, and Cartier — with digital currencies. “Accepting bitcoin helps Birks Group cater to their high-end international clients and get new customers while providing an innovative and safe payment option,” Singh further noted during the announcement.
What do you think about Birks Group accepting BCH and BTC for jewelry and services in Canada? Let us know what you think about this subject in the comments section below.
Images via Shutterstock, Birks Group, and Pixabay.
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