The Global Blockchain Business Council (GBBC), in collaboration with the World Economic Forum, on 14 October, prepared and published a Report, Global Standard Mapping Initiative (GSMI) 2020, to provide guidance and an overview of global standards in blockchain technology.As we have already seen, the GSMI includes two reports, one investigating the Legal and Regulatory Overview, which I explained in detail in the previous editorial, and another on the purely Technical Overview, which I will report on in this in-depth section. You didn\u2019t seriously think I would omit it?Although blockchain technology is growing exponentially, it has also gone through several phases of clamour or skepticism, and, even today, several critical issues remain for the success \u2014 or failure \u2014 of the blockchain. Moreover, regulatory clarity remains a significant obstacle for many organizations, as do technical and governance issues such as interoperability and security.As outlined in the document, new working methodologies are challenging existing models and can offer unique features of flexibility. One of the nodes to be assessed is technical standardization, which in this document requires three steps:1. mapping ongoing technical standardization efforts;2. identify gaps and areas of overlap;3. identify the next critical steps for the ecosystem.In particular, the purpose of this document is not to make value judgements about current standardization efforts, and inclusion in this report is not a sign of endorsement of any activity. Rather, it is an attempt to raise awareness of ongoing activities and to present current trends. The document presents a broad view of \u201cstandard-setting bodies\u201d or \u201cstandard-setting bodies\u201d in order to map the broad ecosystem that contributes to standardization. This may include both traditional standard-developing organizations (SDOs) and industry groups and developer communities.Such mapping is based on:1. An in-depth literature analysis exploring existing efforts towards standardization of SDOs2. Technical interviews to validate desk research\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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