ETSI Is Planning To Roll Out A New Blockchain Group

ETSI- European Standards Organization is all set to announce an Industry Specification Group at Permissioned Distributed Ledgers (ISG PDL), which is a core aspect of blockchain technology.

This move aims to elevating governmental bodies along with industry as consent distributive ledgers are fit for this business use cases. When compared to the ones without permissions. Moreover, there comes much ease with “permissionless ledgers” because they are utilized for bitcoin.

This group operates on problems and complication regarding the PDLs operation, functional architecture, business use cases, and operational solutions. However, this will catch up interfaces, protocols, APIs, and data models.

Blockchain group

Considering an emergent option for government bodies, the blockchain is already attaining the interest on its potential basis. Basically, to help legal procedure, enabling public service procedures more transparent.

Back in April, the digital secretary at that time period, Matt Hancock says blockchain might fluent government services effectively. Also, the Scottish Government produces a report outlining the blockchain potential.

On the other hand, HM Land Registry along with Food Standards Agency is operating projects to check out its capabilities. The founding members at ISG PDL such as Huawei, Ericsson, Intel, Vodafone and Telefonica are going to meet for the initial time on 24 January.

What are your thoughts on this New Blockchain group? Share your thoughts in our comments section.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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