Yesterday, the International Telecommunications Union (ITU)
announced the release of its ‘toolkit’ of cross-industry blockchain guidelines. The United Nations-run body issued eight reports outlining specifications, use cases, regulations, and standards for distributed ledger technology (DLT).
The ITU has had a DLT focus group,
FG DLT, for over two years. It includes participants from various countries and industries, with leading figures from the China Academy of ICT, Brazilian Development Bank, Huawei, and Russia’s Fintech Association. The ITU, as a whole, boasts 193 member states and over 900 organizations. Yesterday it finally revealed its work on blockchain.
“Our aim has been to help industry and government undertake their DLT journeys with greater certainty,” said Wei Kai, focus group Chairman from the China Academy of ICT.
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