13 Feb DLT Standardisation: A Comprehensive Report on Current Efforts and Future Directions
In the dynamic world of technology, standardisation plays a pivotal role in fostering innovation, collaboration, and trust. Nowhere is this more evident than in the realm of distributed ledger technology (DLT), where standardisation efforts are shaping the landscape for enterprise adoption and industry collaboration.
Standardisation efforts in DLT are driven by a multitude of national and international organisations, as well as industry consortia, each contributing to the development and publication of standards, technical reports, and specifications. These efforts are organised into various committees and working groups, collectively shaping the future of DLT adoption and interoperability.
A key motivation behind DLT standardisation is the establishment of a common understanding and a framework for successful implementation. By providing a roadmap for industry players, standards reduce redundancy, increase efficiency, and enhance trust in compliant implementations. As the technology matures and evolves, the need for standardisation becomes even more pronounced, ensuring that DLT systems are robust, reliable, and interoperable.
In our exploration of DLT standardisation, we provided a comprehensive overview of the current landscape, shedding light on existing working groups, published standards, and areas ripe for further standardisation efforts.
Our thanks goes to the authors of the report: Kjell-Erik Marstein (Quant Network), Luke Riley (Quant Network), Ismael Arribas (Kunfud)
Learn more about the Standardisation Committee here.
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