Today the U.S. Accredited Standards Committee X9 (X9) announced the publication of an ANSI standard for distributed ledger technology (DLT) terminology. It includes definitions for terms such as blockchain and central bank digital currencies and targets the financial services sector.
A couple of months back, the World Economic Forum published a report with the Global Blockchain Business Council, which mapped the wide range of blockchain standards that impact the sector. One of the challenges is there are already multiple standards that define terminology, each in a slightly different way.
Blockchain standards come from mainstream bodies such as the ISO and technology standards bodies IEEE and ITU-T. But as in the case of X9 many industries have also published standards. In this case, the ANSI standard is free to download, but that’s not the situation for all blockchain standards.
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