Standards Australia as ISO blockchain standard committee member emphasizes importance of terminology

6 March 2017

Australian non-governmental body regulating the development of standards in the technical field Standards Australia published the action plan (Roadmap) on the wheels of the upcoming ISO/TC 307 event. Being Australia’s representative to the International Organization for Standardization (ISO) under the MoU with the Australian Government, Standards Australia was assigned the task by ISO in September to manage the secretariat of an international technical committee for the development of blockchain standards.

The committee also involves other 16 ISO member bodies, including Germany, the United States, the United Kingdom, France, Canada, Estonia, Japan, and South Korea. This April Standards Australia will hold the first event timed to ISO/TC 307 and the Roadmap is an attempt to clarify various questions related to the blockchain and distributed ledger technology (DLT) with use-cases specific to Australia elicited in the document.

The Roadmap prioritizes the sequence of actions to be taken in the course of developing the blockchain standards by ISO/TC 307 prior to holding the event. Standards Australia believes, first terminology standards underlying the blockchain and distributed ledger should be defined, based whereon other issues will be consequently addressed, including privacy, security and identity standards.

After the fundamental standards are ready, notes Standards Australia, they may go ahead with the addressing the governance and risk-related questions at ISO/TC 307.

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