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WEF Global Standards Mapping Initiative: An overview of blockchain technical standards

  • 1.  WEF Global Standards Mapping Initiative: An overview of blockchain technical standards

    Posted Oct 18, 2020 01:07:00 PM
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    Hi All,

    @Kurt Seifried

    The World Economic Forum published: Global Standards Mapping Initiative: An overview of blockchain technical standards

    The paper maps standards that focus broadly on distributed ledger technology (DLT) in order to take a comprehensive view of the evolution of standards. The terms "blockchain" and "distributed ledger technology" are used interchangeably throughout the report for simplicity and succinctness, though the authors recognize the practical distinctions – particularly as they relate to technical standards.

    Cataloging data from over 30 technical standard-setting entities, 185 jurisdictions, and nearly 400 industry groups, the Global Standards Mapping
    Initiative (GSMI) represents an unprecedented effort to map and analyze the current landscape. It is divided into two distinct components:

    1. Technical standards
    2. Legislation and guidance released by sovereign and international bodies and industry body best practices and standards (including an overview
    of industry groups and consortia)

    The work was a joint effort between the World Economic Forum and the Global Blockchain Business Council, with significant contributions from
    the MIT Media Lab, ING, Accenture, SDX, and the Milken Institute. This cross-organizational effort was a truly global collaboration, as well as an alignment of previously disparate initiatives. We hope this will serve as a model for future ecosystem-wide efforts of a similar nature.


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    Michael Roza CPA, CISA, CIA, MBA, Exec MBA
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