Comparing Blockchain Standards and Recommendations

Lukas König, Yuliia Korobeinikova, Simon Tjoa and Peter Kieseberg
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Lukas König: Josef Ressel Centre for Blockchains and Security Management, St. Pölten University of Applied Sciences, 3100 St. Pölten, Austria
Yuliia Korobeinikova: Josef Ressel Centre for Blockchains and Security Management, St. Pölten University of Applied Sciences, 3100 St. Pölten, Austria
Simon Tjoa: Josef Ressel Centre for Blockchains and Security Management, St. Pölten University of Applied Sciences, 3100 St. Pölten, Austria
Peter Kieseberg: Josef Ressel Centre for Blockchains and Security Management, St. Pölten University of Applied Sciences, 3100 St. Pölten, Austria

Future Internet, 2020, vol. 12, issue 12, 1-17

Abstract: Since the introduction of Bitcoin, the term “blockchain” has attracted many start-ups and companies over the years, especially in the financial sector. However, technology is evolving faster than standardization frameworks. This left the industry in the position of having to use this emerging technology, without being backed by any international standards organization regarding for neither the technology itself, nor for a blockchain specific information security framework. In times of the General Data Protection Regulation and growing international trade conflicts, protecting information is more relevant than ever. Standardization of blockchains is an appeal to raise the development of information technologies to the next level. Therefore, this paper shall provide an overview of standardization organization’s publications about blockchains/distributed ledger technologies, a set of comparison criteria for future work and a comparison of the existing standards work itself. With that information, aligning to existing standardization efforts becomes easier, and might even present the possibility to create frameworks where there are none at the moment.

Keywords: blockchain; standardization; distributed Ledger; GDPR; standardisation life cycle; information security management; smart contracts (search for similar items in EconPapers)
JEL-codes: O3 (search for similar items in EconPapers)
Date: 2020
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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