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.