ISITC Europe Proposes 10 Blockchain Standards Benchmarks
The European branch of the International Securities Association for Institutional Trade Communication (ISITC) has proposed 10 blockchain benchmarks it believes will help standardize the increasingly diverse set of blockchain tools currently available on the market. Created by the ISITC's Blockchain DLT Working Group at a meeting earlier this month, the benchmarks are the latest step in a series of global efforts aimed at ensuring blockchain can enable a new wave of efficient, decentralized data sharing without recreating today's siloed centralized database infrastructure. But creating....
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Nigel D Solkhon, Interim CEO of ISITC Europe has released a report on the inaugural meeting of the Blockchain Working Group in London. Founded in 1992, ISITC London is a not-for-profit voluntary organization with a series of “work stream” projects planned in 2016 that includes: blockchain, regulation, standards and industry engagement. As an organization, they have been seeking to regain relevance in a rapidly changing atmosphere of FinTech, specifically in this case within the scope of blockchain technology. Solkhon, a 27-year financial services veteran, seeks to re-establish ISITC’s....
A new survey by the International Securities Association for Institutional Trade Communication (ISITC) has revealed that the current buzz around blockchain is driving a focus on technological investment within the financial sector. ISITC is an industry trade group focused on standards and efficiencies in securities transaction processing. It boasts hundreds of member companies from across the globe, including major institutions such as BNY Mellon, Citibank, JPMorgan and more. In its annual survey, which polled 45 member firms from a variety of areas within financial services, the....
Leading members of the Hyperledger blockchain project are scheduled to address the European branch of the International Securities Association for Institutional Trade Communication (ISITC) next week. To be held at London Metropolitan University on Thursday, the public event is the latest effort by ISITC's newly formed Blockchain DLT Working Group to lay the foundation for a global effort to standardize distributed ledger technology. Co-chair of the ISITC Blockchain Distributed Ledger Technology (DLT) Working Group, Gary Wright, told CoinDesk the academic lecture is intended to give his....
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....
Derivatives marketplace CME Group today unveiled two bitcoin benchmarks designed to give investors a new way to hedge. Built in partnership with London-based Crypto Facilities, the prices for the two benchmarks will be derived from six different bitcoin exchanges – Bitfinex, Bitstamp, Coinbase, Genesis Global Trading, itBit and Kraken – and are designed to be compliant with global regulatory requirements. The benchmarks can be used as bitcoin price reference points in derivatives that help manage the risk of bitcoin investments. Speaking with CoinDesk, Crypto Facilities chief operating....