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

Why Standards are important

‘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’

International Association for Trusted Blockchain Applications (INATBA)

EU Blockchain Observatory and Forum

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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