Hyperledger to Address International Trade Standards Body
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....
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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....
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,....
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....
The Linux Foundation’s Hyperledger Project has just announced its partnership with the Chinese conglomerate Wanda Group. As the largest private property developer in the world and the biggest cinema chain operator globally, the firm plans to help create an open blockchain standard with the Linux collaborative project. Chinese Multinational Conglomerate....