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Why Standards Would Aid Blockchain's Adoption | American Banker

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Committing to standards would help the industry "get around some of the other hurdles while the underlying technology matures," said John Burnett, vice president of the Emerging Technologies Center at State Street Corp.

From Why Standards Would Aid Blockchain's Adoption | American Banker

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Burnett's list of hurdles is long: how to represent existing assets in a digital way on a blockchain, how existing players communicate with blockchains, what information should be stored on the blockchain, what capabilities can be enabled via smart contracts, and how to represent identities on a blockchain while still meeting know-your-customer and anti-money-laundering requirements. 

From Why Standards Would Aid Blockchain's Adoption | American Banker

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