Citiverse

This standard defines the risk control requirements for cryptocurrency payment between consumers and merchants. It addresses how to control the risks on related sides and manage the security of fiat money and cryptocurrency in the value transferring process.

This standard defines the functional requirements in data compliance, governance and risk management in the operational process for Blockchain-based IoT data management systems.

A baseline architectural framework will be defined in this standard. In addition, the general process for digital asset management on blockchain will be outlined.

The standard defines the Entity Risk Mutual Assistance Model (RMAM) based on blockchain technology, including the involved entities of interest, the relationship between entities, organizational framework, and design method. A framework of blockchain-based Internet of Things (IoT ) data management is defined in this standard. It identifies the common building blocks of the framework that blockchain enabled during IoT data lifecycle including data acquisition, processing, storage, analyzing, usage/exchange and obsoletion, and the interactions among these building blocks.

The ISO/IEC TS 29003:2018 standard:

- gives guidelines for the identity proofing of a person;

- specifies levels of identity proofing, and requirements to achieve these levels.

ISO/IEC TS 29003:2018 is applicable to identity management systems.

Self-discipline and professional ethics of cryptocurrency exchange platforms, as well as relevance between them and to cryptocurrency wallets are covered in this standard. Exchange business logic, operational procedures, user authentication programs are also covered in this standard. In addition, a small but necessary technical category of requirements, including terminologies, basic architectural framework, key indicators, end-user interface specifications, in order to achieve the previously mentioned goals is covered in this standard.

In this standard requirements are defined for multiple aspects of security management for customer cryptographic assets on cryptocurrency exchanges, such as user identification using multi-factor authentication, prioritized protection of customer assets under unforeseen circumstances, and professional ethics of operation for cryptocurrency exchange platforms.

This standard defines an extension framework based on IEEE 2140.1-2020. The extension framework uses a Smart Contract mechanism to process transactions on an exchange, to replace the role of exchange operators. This standard also defines a series of extensible interfaces for the exchange scenario, enabling support of third-party financial derivatives using tokens.

A framework of a custodian service for cryptocurrency and token assets is defined in this standard. Custodian reference technical architecture, business logic description, custodian service business models, digital asset evaluation criteria, operational procedure models, and regulatory requirement support models are included in this framework.

Described in this standard is the blockchain-based application reference architecture of e-invoice business, including roles of participants, typical business scenarios, platform frameworks, and security requirements.

Defined in this standard is the general process of cryptocurrency payment between consumers and merchants. This process describes how a consumer purchases goods or services with cryptocurrency and how the merchant receives fiat money in return. It involves multiple aspects such as cryptocurrency payment operators playing an agent role, consumers owning cryptocurrency, merchant accessing to a cryptocurrency payment platform, banks, and cryptocurrency exchanges.

A framework of blockchain-based Internet of Things (IoT ) data management is defined in this standard. It identifies the common building blocks of the framework that blockchain enabled during IoT data lifecycle including data acquisition, processing, storage, analyzing, usage/exchange and obsoletion, and the interactions among these building blocks.