MIT to Head Bitcoin Standards Development?
The digital currency industry continues to be mired in controversy, as the lack of a governing body and bitcoin standards development pose plenty of security risks. Massachusetts Institute of Technology (MIT)Media Lab Director Joi Ito is suggesting that the MIT create a neutral home for cryptocurrency technical coordination. Ito has helped in the development of the internet itself, and is known for contributing to the start of the first commercial internet service provider in Japan and investing in Twitter's Japanese services. He was also the former CEO of Creative Commons and has been a....
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Australia will take the driver’s seat in setting a uniform approach for the development of blockchain standards globally. The International Organization for Standardization (ISO), widely regarded as the primary global standards authority has approved an earlier proposal [PDF] put forth by Standards Australia – the country’s national standards authority – that sought to develop uniform global standards for blockchain technology. The ISO agreed to appoint Australia to lead an international technical committee that will now build a uniform approach to the technology. In its initial proposal,....
Enterprise Ethereum has matured to the point where standards are now needed to ensure further growth and interoperability with other networks. Ethereum is quickly becoming an integral part of the enterprise blockchain ecosystem. As more companies begin to leverage public networks for business, it’s important to keep in mind that the enterprise Ethereum space is still relatively new. Therefore, a number of developments are required before organizations can fully take advantage of the Ethereum blockchain. For example, Dan Burnett, executive director of the Enterprise Ethereum Alliance — an....
As the use of blockchain adoption picks up, it is time to evaluate the quality of these blockchain based solutions and standardize them. In order to do so, the Australian organization entrusted with this authority, Standards Australia has called for the development of an international set of standards that can be implemented anywhere. The Australian body has called for the International Standards Organization take up the task of creating the global standards along with its support. The Australian member’s appeal to the International Standards Organization comes close to the heels of the....
In April when the Bitcoin community began preparing for Australian Craig Wright’s “Satoshi Nakamoto reveal,” there was another announcement from Down Under that was overlooked. On April 14, Standards Australia, a non-government, not-for-profit standards organization announced that “Australia proposes International Blockchain Standards” and included a proposal for a “new field of technical activity.” This proposal was registered with the International Organization for Standardization (ISO), the world's largest developer of voluntary international standards, and on April 19, The American....
Australia’s standards authority, Standards Australia, has asked the International Standards Organisation, commonly known as ISO, to commence work on setting global standards for blockchain technologies. Geneva-based ISO, the international standard-setting body that is widely recognized as the foremost global standards authority is being called by its Australian member to set up global standards for blockchain, the technology that underpins Bitcoin. Standards Australia is one of over 160 national standards organizations that the ISO recognizes as members and representatives from around the....