- Core Standards for Blockchain and Distributed Ledger Technology and Digital Currencies
Blockchain and Distributed Ledger Technologies
These applications facilitate and enhance a wide variety of commercial activities among European businesses and feature prominently in active development of European regulations, including but not limited to eIDAS, EBSI, and some ECB initiatives on the development of a digital euro.
Distributed ledger technology offers an opportunity to promote better management of data within public services, including for accounting and records management, as well as for electronic payments, particularly in the context of digital currencies, which represent an opportunity for central banks and financial regulators to provide a public payment mechanism that citizen-consumers can use independently of potentially exclusive custodial relationships.
- New standard development
- Core Standards for Blockchain and Distributed Ledger Technology and Digital Currencies
Blockchain and Distributed Ledger Technologies
DLT can facilitate and enhance a wide variety of commercial activities among European businesses and feature prominently in active development of European regulations, including but not limited to eIDAS and EBSI.
Distributed ledger technology offers an opportunity to promote better management of data within public services, including for accounting and records management, as well as for electronic payments, particularly in the context of digital currencies, which represent an opportunity for central banks and financial regulators to provide a public payment mechanism that citizen-consumers can use independently of potentially exclusive custodial relationships.
- New standard development
- Revision of existing work items
- Core standards for Digital Currencies and Distributed Ledger Technology
Blockchain and Distributed Ledger Technologies
Distributed ledger technology (DLT) will ultimately promote better management of data within public services, including for accounting and records management. DLT offers an opportunity for economic transformation through data analysis and AI. In the context of supply chain management, distributed ledgers can facilitate a shared view of inventory among participants in a supply chain. Distributed ledgers can also streamline trade finance, particularly the exchange of bills of lading and the use of letters of credit. These and related technologies can improve security of strategically important supply chains.
Our work in standardisation in digital currencies can support the development of a public payment mechanism that citizen-consumers can use in the digital economy, independently of potentially exclusive custodial relationships. Thus we will ensure that the right experts are in the room during the design of CBDC, the regulation of cryptocurrencies, and related challenges.
- Revision of existing work items
- New standard development
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Custom funding impact (2nd Open Call 2029)This fellowship supports my contribution to the following standards:
In ISO/TC 307/WG 1 where I am the convenor:
- WD 22739 'Blockchain and Distributed Ledger Technologies -- Vocabulary' (third edition)
- WD 23257 'Blockchain and Distributed Ledger Technologies -- Reference architecture' (second edition)
- WD TS 23258 'Blockchain and Distributed Ledger Technologies -- Taxonomy and ontology' (second edition)
In ISO/TC 68/JWG 1:
- CD 24982 'Digital currencies -- Vocabulary' (new standard)
In ISO/TC 46/SC 11/JWG 1:
- AWI 26277 'Requirements for the use of blockchain and DLT with authoritative records, records systems, and records management' (new standard)
Value of Research
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Role: convenor
Title & Organisation Name: Lecturer, University College London
Country: United Kingdom
