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Standardization

Standards are a magical thing, cutting across both atoms and bits.

Standards enable composability and interoperability to focus attention on innovating at the edges. Extract the best from cutting edge science and technology to create new standards to engineer pipelines that scale with predictable outcomes.

Context​

Protocols​

Protocols and standards are closely related but distinct concepts:

  • Protocols are specific sets of rules for communication or interaction
  • Standards are formally recognized and widely adopted protocols or specifications

The relationship between protocols and standards:

  • Successful protocols often become standards through industry adoption and formal recognition
  • Standards organizations (e.g., ISO, IEEE, IETF) play a crucial role in formalizing and maintaining protocols as standards
  • Standards ensure interoperability, consistency, and quality across different implementations
  • The standardization process involves rigorous review, testing, and consensus-building among experts and stakeholders

Scalability​

Standards enable scalability by driving consistency, without consistency improvement is guesswork.

  1. Stable
  2. Consistent
  3. Composable
  4. Interoperable
  5. Reliable

The HTTP standard for example catapulted the internet to ubiquity by creating a uniform way to exchange information.

Standards Bodies​

ISO​

ISO standards are agreed internationally by experts in their field. Some of the most popular standards cover:

  • Innovation: ISO-69315
  • Quality Management: ISO-9001
  • Energy management standards to help cut energy consumption.
  • Environmental management standards to help reduce environmental impacts, reduce waste and be more sustainable.
  • Food safety standards to help prevent food from being contaminated.
  • Health and safety standards to help reduce accidents in the workplace
  • IT Security: IT security standards to help keep sensitive information secure.
  • ISO 9001 Checklist

Financial​

ISO predicts that ISO-20022 will support 80 percent of transaction volumes and 87 percent of transaction value worldwide by 2025.

  • Impact of ISO-20022
  • CESR A periodic rate that measures the average annualized yield awarded to all eligible validators staking ether on the Ethereum blockchain. CESR is derived from new staking rewards emitted from the Ethereum proof of stake blockchain and transaction fees accrued over a one-day observation period.

W3​