- Between 3 and 7 June, Valladolid is hosting the International Organization for Standardization (ISO) meeting on developing global standards for blockchain and DLT (Distributed Ledger Technologies). More than 90 experts from 30 countries are attending.
- This international meeting organized by the Spanish Association for Standardization is sponsored by the University of Valladolid, the Valladolid City Council, the Innovation and Economic Development Agency of the City Council of Valladolid (IdeVa), the International Association for Trusted Blockchain Applications (INATBA) and KRON WORLD, in collaboration with the Bank of Spain.
- Spain is an international leader in blockchain and DLT standards. UNE has been involved in the ISO/TC307 international committee from the start, playing a significant role in its management and strategic development.
Madrid, 3 June 2024 - Between 3 and 7 June, the Spanish Association for Standardization, UNE, a national member of the International Organization for Standardization (ISO), is organizing in Valladolid the ISO meeting tasked with developing global standards for pest practices in blockchain and DLT (Distributed Ledger Technologies). As a result, this week Valladolid becomes the global epicentre of ISO standards in these areas this week, underscoring Spain's leadership in this subject.
This meeting is sponsored by the University of Valladolid, the Valladolid City Council, the Innovation and Economic Development Agency of the City Council of Valladolid (IdeVa), the International Association for Trusted Blockchain Applications (INATBA) and KRON WORLD, in collaboration with the Bank of Spain.
Throughout the week, Valladolid is hosting the plenary meeting of Technical Standardization Committee ISO/TC 307 “Blockchain and other Distributed Ledger technologies", responsible for writing these standards, as well as other sessions.
The opening ceremony was held today, 3 June, and featured Susana Álvarez, vice-chancellor of Teaching Innovation and the Digital Transformation at the University of Valladolid; Luis Carro, Vice-Dean of the Faculty of Education and Social Work at the University of Valladolid; Mónica Sanzo, Director of International Cooperation and Relations at UNE; Scott Farrell, President of the ISO/TC 307 Standardization Committee; and Amy Howie, secretary of ISO TC/307.
The Plenary Meeting was then held, with experts from many countries taking part.
The attendees included over 90 experts from 30 countries, including representatives from public entities, governments, industry associations, international organizations, standardization bodies, private companies, research centres and academia. Valladolid thus becomes the world capital of Blockchain and DLT (Distributed Ledger Technologies).
The International Standards committee ISO/TC 307 “Blockchain and other Distributed Ledger Technologies" is responsible for developing the global standards for numerous aspects of these technologies, such as vocabulary and terminology, security, privacy and identity management, smart contracts, governance, interoperability, Non-Fungible Tokens (NFTs) and digital currencies. It is structured into seven Working Groups and five Advisory Groups, which have published 12 standards and are currently developing 16
Spanish leadership
Spain is an international leader in blockchain and DLT standards. UNE has been involved in this international committee from the start, playing a significant role in its management and strategic development. One notable achievement is Standard UNE 71307-1 Decentralized Identity Management Model based on Blockchain and other Distributed Ledger Technologies. Part 1: Reference Framework, the first global standard for managing decentralized digital identities based on blockchain and DLT technologies. This standard provides a framework for the issuance, administration and decentralized use of attributes that characterize and identify individuals or organizations, allowing entities to create and control their digital identity autonomously. After its national success, it was elevated to a European standard, and it provided the basis for the development of two ISO standards.
The meeting programme includes several sessions of the Committee's Working Groups. In addition, under the auspices of the Bank of Spain, on Tuesday 4 June a side event will be held together with Advisory Group TC307/AG3 “Digital currencies" and the ISO/TC 68 Committee, “Financial services", in the Bank of Spain branch in Valladolid; to discuss the potential use of DLT in the implementation and distribution of the digital currencies of central banks.
Also on the agenda, on Wednesday 5 June, the open social event will be held, sponsored by INATBA, to present its role in high-level developments related to blockchain technology and its applications. Representatives from INATBA, the Regional Government of Castile and León, UNE and the European Commission will take part.
The week will close out with the plenary meeting of the international Technical Standardization Committee ISO/TC 307, which will be attended by a large Spanish delegation, including representatives of KRON WORLD, AIRBUS, CSIC, Bank of Spain, Asociación Reacción Económica, Halborn, and others, demonstrating Spain's firm commitment to standardization in the field of blockchain and DLT.
