Bitcoin 'B' Approved By Computer Text Standards Body
A proposal to add the bitcoin "B" to the Unicode computing character standard was accepted this week. Submitted by tech blogger and pencil-and-paper bitcoin miner Ken Shirriff, the proposal was approved during a quarterly meeting held by the Unicode Consortium, the organization backing the decades-old computing standard. Members of the Consortium include Apple, Google, Huawei, Microsoft, Oracle and a variety of other institutional and individual contributors. The organization was not immediately available for comment when reached. Shirriff's 14-page proposal was the second to be considered....
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The Financial Accounting Standards Board (FASB), a financial accounting standards body in the US, is reportedly considering whether to undertake a new initiative on digital currencies. According to Reuters, the FASB – which sets accounting standards for publicly traded US firms – hasn't yet decided if it will develop new guidelines for companies dealing with bitcoin and other cryptocurrencies. However, the non-profit is apparently assessing whether it should begin that process following a request from the Washington, DC-based Chamber of Digital Commerce – a trade organization for companies....
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....
Creating international blockchain standards will not be an easy feat. Australia is poised to lead the international discussions, as they will act as secretariat of a technical committee. The country has proposed this committee to the International Organization for Standardizations, which approved the idea. But what does all of this even mean for blockchain and cryptocurrency enthusiasts? Global Blockchain Standards Are Coming. Standards Australia is the group that will lead the charge for establishing international blockchain standards. Dr. Bronwyn Evans, CEO of Standards Australia,....
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,....
The US branch of business reporting standards body XBRL has joined ethereum startup ConsenSys to develop standards for creating blockchain-based tokens. Announced today, a new working group co-led by XBRL US aims to to eliminate transactional friction between blockchains and automate the tracking of tokens on a global scale. Current XBRL US members include the DTCC, Swift, Deloitte and Thompson Reuters, among others – all firms that have been experimenting with enterprise blockchain tech. Cambell Pryde, president and CEO for XBRL US, argued that the development of standards in this area is....