Blockchain Industry Group Formed By European Telecommunications Standards Institute

Blockchain, News | December 20, 2018 By:

The European Telecommunications Standards Institute (ETSI), an independent, not-for-profit organization in the telecommunications industry, has formed a new group to explore the potential of blockchain technology.

Called the “Industry Specification Group on Permissioned Distributed Ledger (ISG PDL),” the new group will analyze and provide the foundations to operate permissioned distributed ledgers to be deployed across various industries and governmental institutions.

The group’s founding members include Cadzow Comm Consulting (C3L), Ericsson, Huawei, Intel, NEC Europe, Telefónica, and Vodafone. These industry players will work on the challenges related to the operation of permissioned distributed ledgers, business use cases, functional architecture and solutions for the operation of permissioned distributed ledgers, including interfaces/APIs/protocols and information/data models as well as other topics.

The group’s first meeting will take place on January 24, 2019 at Telefónica, Madrid, where founding members will discuss project priorities and elect representatives from each of the member companies.

ISG PDL is not the first group of telco firms to look into distributed ledgers. In September 2017, Japan-based SoftBank, US-based Sprint, Taiwan-based Far EasTone and US-based TBCASoft formed the Carrier Blockchain Study Group (CBSG) to jointly develop blockchain solutions for telecom carriers.