Standards Australia is playing an instrumental role in global blockchain standardisation.

Blockchain, at the broadest level, is a digital platform that records and verifies transactions in a public and secure manner. It is a decentralised, cryptography based solution with the potential to redefine transactions and the back-office of a multitude of different industries.

International Blockchain Conference 2017

[Mark Ebeling]
Blockchain is one of those technologies that is really going to change the world

[Scott Farrell]
Because It's a brand new kind of system, one like none other we've seen before

[Adrian McCullagh] 
The governor of the Bank of England noted that the blockchain is the start of the fourth information revolution

[Rob Hanson]
There's a requirement to signal certainty to the marketplace that blockchain is something that can be used, can be adopted and can produce a lot of value

[Emma Weston]
And one of the ways we can do that is by defining standards but also by having diverse groups of people come together to discuss the technologies and the applications that most affect us

[Gilbert Verdian]
To me this is an interesting technology because it adopts multiple components of security and has a new method to deliver those components

[Maxim Shevchenko]
Not only in financial sector but also in distributed ledger, into government

[Pietu Pohjalainen]
You can do smart contracts which allow you to express the intention of contract between parties in very specific terms

[Masanori Kusunoki]
I think standardisation is a very important part for accelerate blockchain
adoption and development

[Adrian McCullagh]
We don't know where this technology will end up but we do know that it's going to influence every business – and society – over the next 50 years.
27 Apr 2017

In April 2016, Standards Australia submitted a New Field of Technical Activity (NFTA) proposal on behalf of Australia for the International Organization for Standardization (ISO) to consider developing standards to support blockchain technology.

The proposal included the establishment of a new ISO technical committee responsible for blockchain standards topics including interoperability, terminology, privacy, security and auditing. This decision resulted in the creation of ISO/TC 307, Blockchain and Distributed Ledger Technologies.

In September 2016, the proposal was approved and Australia was selected to manage the Secretariat of ISO/TC 307.

ISO/TC 307 meets twice a year. Work is progressing in many areas including reference architecture, terminology, smart contracts, governance, privacy, security and identity. Separate study groups were established to focus on use cases and interoperability, and additional research is underway on supply chain and trade facilitation, security evaluation of consensus models, and data flow.

Prior to the inaugural meeting of ISO/TC 307, Standards Australia established the mirror committee IT-041, Blockchain and Distributed Ledger Technologies, to provide an Australian voice to inform our vote at the ISO level.