Trends in Standardization of blockchain technology by ISO/TC 307

Abstract

The second meeting of ISO/TC 307 (International Organization for Standardization Technical Committee 307: blockchain and electronic distributed ledger technologies) was held in Tokyo in November 2017. This TC is working to develop international standards for blockchain technology. This article introduces the concept of blockchain technology-the fundamental technology used for bitcoin-as well as trends in the international standardization of electronic distributed ledger technologies and some applications of blockchain technology beyond cryptocurrency.