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Improving Interoperability Across Applications by Setting Technical Standards | #LDNBlockchain23
Technical standards can improve interoperability across applications and industries, overcoming the fragmented nature of blockchain and digital transformation, driving efficiency and competition.
- Technical standards can improve interoperability across applications and industries.
- Setting standards is a unique way to overcome the fragmented nature of the blockchain and digital transformation landscape.
- The speaker highlights the importance of establishing standards bodies, such as the TSC (Technical Standards Committee), to facilitate communication and collaboration.
- The speaker also emphasizes the need for a clear definition of standards and the importance of documentation.
- The TSC has already achieved some significant milestones, such as developing a standards framework and involving various stakeholders.
- However, more work needs to be done to address cryptography, interoperability, and scalability concerns.
- Setting standards can help to create a more efficient and competitive market for blockchain and digital transformation solutions.
- The speaker acknowledges that setting standards can be a complex and time-consuming process, but it is essential for the long-term success of the industry.
- Standards can help to address issues related to security, scalability, and usability, and provide a foundation for further innovation.