Although, according to a number of participants, any long - term solutions
for blockchain standards are better off emerging from the industry itself.
The Mercedes» manufacturer aims to contribute to the development
of blockchain standards for financial and logistic services.
As reported previously, the ISO appointed Australia to lead the international effort which now sees 7
ISO blockchain standards under development.
CoinDesk The European wing of the RAND Corporation, a US think tank, has argued for a slow - and - steady process for developing
possible blockchain standards.
And though many in the private distributed ledger world like to tout their comparatively fast times
by blockchain standards, in the world of incumbent systems for trading registered assets, these times are nonetheless glacial.
«It is a very sought - out technology today, because it really does create the foundation for the future that is coming,» said Gilbert Verdian, the head of the British delegation working on
blockchain standards at the I.S.O. and the founder of the company Quant Network.
The Enterprise Ethereum Alliance, which hopes to create an open -
source blockchain standard around the technology for the business world, has...
In March this year, Standards Australia released a roadmap for the development of
global blockchain standards, and in June, Australia's data innovation group Data61 conducted two comprehensive reviews of how blockchain based systems could be adopted across government and industry.
The need for a «
complete blockchain standard system» domestically, China's IT ministry explains, means it is necessary to work and develop the country's own effort to introduce standards «as soon as possible.»
«Being a part of Hyperledger allows us to collaborate with a global network of experts in order to build the
cross-industry blockchain standard, for customers, supply chain, digital services, financial services and financing tools,» said Kurt Schäfer, Head of Treasury at Daimler AG, according to the official statement.
This proposal aims to «position ISO as a leading contributor to develop global solutions to facilitate data movement and information flows thus enabling more efficient and timely transactions» by
establishing blockchain standards.
A few consortiums have also
placed blockchain standards on their working agenda, and I enumerated them in my «State of Global Blockchain Consortia» article.
Since the ISO appointed Australia to lead international efforts, the Chinese executives will be present during the first
international blockchain standards meeting for the «ISO / TC 307» group in April in Australia, chaired by Craig Dunn, director of Westpac Corporation.
According to the Australian Financial Review, top - level Chinese executives in the fintech sector are in Australia for their first international
blockchain standards meeting.
The China Electronics Standardization Institute (CESI) along with the Ministry's Information and software services division will also establish a new technical committee to lead China's
official blockchain standards.
The European wing of the RAND Corporation, a US think tank, has argued for a slow - and - steady process for developing
possible blockchain standards.
A detailed look at the current environment
for blockchain standards — as well as past precedents that may inform future steps.
Russia is not the only country sending high - powered delegations to the I.S.O. technical committee focusing
on blockchain standards, which got its start last year.
They were even more surprised when they asked the F.S.B. agent why the Russians were devoting such resources to
the blockchain standards.
Since September 2016, Australia has served as the leader of
the blockchain standards committee in the International Organization for Standards, or ISO.
Blockchain standards will become increasingly important in the future.
Blockchain standards will be discussed during an upcoming workshop at Consensus 2016 involving Barclays chief blockchain strategist Simon Taylor and Ethereum chief scientist Vitalik Buterin.
ISITC - Europe has introduced 10
blockchain standards to help ensure the rapidly growing ecosystem of distributed ledgers work together.