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26 October 2020

New WEF study reveals issues facing blockchain and crypto standards

New WEF study reveals issues facing blockchain and crypto standards


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Dubbed the Global Standards Mapping Initiative, the study notes that the gaps, divergence and overlap in the standard-setting landscape of the blockchain industry are the biggest challenges the industry needs to surmount.

The study suggests that the blockchain industry still lacks the standards that may formally define the suitability of blockchain technology for specific processes.

As a way forward, the report suggests that regulators should educate themselves on the technology before setting national or global standards

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