Standards Australia to lead international blockchain standards committee

Regulation | September 19, 2016 By:

Standards Australia announced that it will lead international blockchain standards committee after International Organization for Standardization (ISO) approved its proposal for new international standards on blockchain.

“Leading the ISO blockchain committee will place Australia in the perfect position to help inform, shape and influence the future direction of international standards to support the rollout and deployment of blockchain technology. This exciting initiative will put Australia at the centre stage of global innovation and digital disruption,” said Standards Australia CEO Bronwyn Evans.

Joining Australia on the technical committee are 35 ISO member bodies including Germany, USA, Canada, Estonia, France, Japan, UK, and Korea.

International blockchain standards will play a key role in creating greater market certainty and confidence while supporting regulation of financial transactions, commodity exchanges and asset transfers.

Standards Australia is an independent and not-for-profit organization.