Caroline Thomas
Blockchain has evolved into a transformational technology promising to offer secure, real-time transactions across different sectors and industries that will revolutionise the way we do business.
provides an active forum for SMEs to:
- Contribute and discuss EU technical initiatives on emerging international standards representing European values, ethics & regulations such as privacy (e.g.: privacy - GDPR/ eIDAS) and European green transition initiatives (e.g.: EBSI blockchain to create trusted digital audit trails).
- SMEs can gain the opportunity to understand the value of standards, via example use cases and models. The use cases provide insights and cross-domain example that can inform SMEs in their product development, and adoption of their technologies.
- Review international use cases and gain insights for EU participation in local markets, or in cross-border /sector issues.
- The Vienna Agreement enables ISO standards to be freely shared with CEN/CENELEC members, including SMEs.
get involved in regulatory and standards development processes by sharing their insights and creating use cases into emerging technologies.
This approach can enable faster adoption of their business and technical models, and for European SMEs, who create perspectives consistent with EU regulations and societies, such as privacy (GDPR, AI Act) and sustainability (Net Zero and ESG). (See section 2.1) In the lead-up to the ISO/TC 307 Plenary on 4 June 2024, we have gathered 10+ SMEs to showcase and present leading DLT solutions from SMEs, plus involvement in multiple SDO and entrepreneur events including Blockchain Ireland, INABTA etc.
- E-Privacy: EU Artificial Intelligence Act, new Data Act, GDPR
- Fintech and Def: MiCA crypto
- Sustainable initiatives: carbon markets, smart energy
- Interoperable platforms: EBSI, digital product passports
Moreover, I see two major impacts with SMEs. Firstly, international standards enable faster technical adoption for SMEs, as ISO standards provide ‘templates’ of technical systems and guidelines, that provide a baseline for SMEs to build their own solutions that are interoperable and lower risk for potential partners/investors.
Secondly, SME are involved in standards development: The use case methodology in ISO/TC 307 WG6 is based on active outreach to SMEs who are pioneering new DLT capabilities. They provide contributions to the standards through ISO/TC 307 WG6 and ongoing external business events.
Over recent years, blockchain has evolved into a transformational technology promising to offer secure, real-time transactions across different sectors and industries that will
revolutionise the way we do business. ISO is at the forefront of this technology to ensure that its users all speak the same language.
democracy, and human rights based on European societal regulations including:
- Privacy: new Data Act, GDPR
- Fintech and Defi: MiCA crypto regulations
- Sustainable initiatives: carbon markets
- Interoperable platforms: EBSI, digital passports,
- And in 2024 the EU Artificial Intelligence Act