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Cohesion in global blockchain standardisation
Andrea Caccia, CEN/CENELEC JTC19, explained that CEN/CENELEC JTC19 tries to align with the work done at international level. They draft guidelines that explain how to use international standards in Europe. However, in some specific cases, there is a need for specific European standards. CEN/CENELEC JTC19 is a bridge between Europe and the international level. They do not want to invent in Europe something that is already at the global level.
Suzana Moreno, BNDES (Brazilian Development Bank), presented the example of blockchain used to track development money. The main goal is to increase trust in the society. Standards would be useful to make the technology more understandable in this context. They are also helpful to ensure compliance with laws.
The slides from this session were not shared with the participants.
Interoperability, governance and smart contracts
ISO TC307 is also developing standards on interoperability, governance and smart contracts.
On governance:
-ISO TC307’s work is essentially about decision rights and accountability.
-P2145 group at IEEE is specifically working on blockchain governance.
-Thomas Cox, IEEE, warned against premature standardisation, that could stifle innovation.
-Simon Seiter, Deutsche Börse AG, underlined that those who organise the market should not take part in the market itself, there would be a conflict of interest. Private market organisers should not intervene on the market itself.
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