Bitcoin Earns Reputation for Poor Payments Standards Participation
When it comes to online payment standards, the World Wide Web Consortium (W3C) is finding it difficult to engage the bitcoin community. "It's proven easier to get a bank to participate in payments standards than a bitcoin community company," says Manu Sporny, chairman of the W3C Web Payments community group and founder and CEO of web platform startup Digital Bazaar. Because it's still early days for the bitcoin industry, he says, these companies aren’t looking to interoperate, but instead want to dominate the web payments market. Founded by Internet creator Tim Berners-Lee, the....
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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,....
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