As with any new and emerging technology there is an immediate need to weigh up the issues, challenges and opportunities. Blockchain creates new business and delivery models which may require changes to policy and regulations. But this is only part of the solution. Blockchain needs international standards that are compatible with regulations and controls in financial [...]

Ensuring that this new and emergent technology will benefit governments, industry and consumers requires an open and transparent standards process. Wide stakeholder involvement is critical to establishing a level playing field where protocols and standards can be developed to encourage competition, support innovation and reduce barriers to trade. We are already seeing a proliferation of blockchains [...]