Quant Network’s Overledger: Part Five — Creating the Standards for Interoperability

Why Standards are important

Standards play a crucial role in ensuring interoperability between DLT / Blockchain implementations as well as Non DLT / Blockchain implementations. It enables Blockchain platforms with guidance and best practices on what is required to achieve interoperability to reduce the risk of a fragmented ecosystem. It also prevents technology lock-in by providing options to move between technologies and during implementation, clients can align to standards which make it easier to implement with confidence in continued compliance.

‘I see a potential similar to that of the internet in the early 90s. We’re at the cusp of something big, blockchain can change a lot of how the internet operates and a lot of how processes operate, we just don’t know what we can do yet’

This was done by authoring the ISO proposal to Standardise Blockchain and then establish a technical committee. The proposal was approved in October 2016 and the ISO/TC307 committee quickly grew from 5 to 53 countries and bodies such as the European Commission. These countries are outlined in the map below: (https://www.iso.org/committee/6266604.html?view=participation)

What is ISO Standard?

The International Organization for Standardization is an independent, non-governmental organization, the members of which are the standards organizations of the 164 member countries. It is the world’s largest developer of voluntary international standards and facilitates world trade by providing common standards between nations. Over twenty thousand standards have been set covering everything from manufactured products and technology to food safety, agriculture and healthcare.

International Association for Trusted Blockchain Applications (INATBA)

Quant Network is a founding member in the European Union’s launch of the International Association for Trusted Blockchain Applications (INATBA).

EU Blockchain Observatory and Forum

Gilbert is also a member of the EU Blockchain Observatory and Forum which is a European Commission initiative to accelerate blockchain innovation and the development of the blockchain ecosystem within the EU. He contributed to a recent report about Scalability, Interoperability, and Sustainability of Blockchains

A new technology can’t become successful on a mass scale without the right infrastructure. This includes such things as the technical hardware and software stacks, standards, the legal framework as well as governance best practices.

Through the European Blockchain Partnership the EU has begun to consider Member State cooperation towards the goal of a European Blockchain Services Infrastructure to support cross-border digital public services.

We think that government can play a positive role in helping to develop such an infrastructure through policy.

Standards. — Today if we want to go in the direction of multi-layered interoperable ecosystem of blockchains, both policy makers and the blockchain industry, ideally working together, should prioritise the development of standards. Among these, we think the most important will be standards for digital identities in a blockchain context, and for interoperability between blockchains.

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DLT Enthusiast and Writer. Interoperability is key for DLT to achieve its true potential. Avalanche $AVAX