Blockchain
Bitcoin Association Announces Bitcoin SV Technical Standards Committee
Bitcoin Association, the Switzerland-based global industry organization that works to advance business with Bitcoin SV, today announces the establishment and eleven initial members of its Bitcoin SV Technical Standards Committee. The Committee represents a major step by the Bitcoin SV ecosystem to professionalise the development of Bitcoin in order to support major enterprise use and facilitate global adoption.
The Technical Standards Committee will be chaired by Steve Shadders, Chief Technology Officer of nChain – the globally leading blockchain research, development & advisory firm. One of the world’s foremost Bitcoin experts, Shadders serves as Technical Director of the Bitcoin SV Node team, overseeing work on the Bitcoin SV Node software and infrastructure.
The other ten Committee members represent four continents, seven countries and diverse sectors of the Bitcoin SV ecosystem – including wallets, mining, applications, token solutions, venture investment and banking.
|
Name  |
Title & Company |
Country |
|
Steve Shadders (Chair) |
Chief Technology Officer, nChain |
United Kingdom |
|
James Belding |
Co-Founder & CEO, Tokenized |
Australia |
|
Angus Brown |
Co-Founder & CEO, Centbee |
South Africa |
|
Ryan X. Charles |
Founder & CEO, Money Button |
USA |
|
Alex Fauvel |
General Partner, Two Hop Ventures |
Netherlands |
|
Masumi Hamahira |
Executive Advisor for Islamic Banking Window – MUFG Bank (Malaysia) |
Malaysia |
|
Justin Laue |
Chief Engineer & Co-founder, BitBoss |
USA |
|
James McCloud |
Chief Technology Officer, The Hopper |
United Kingdom |
|
Andrew Mee |
Solutions Strategist, nChain |
United Kingdom |
|
Kalev Trusaalu |
Chief Operations Officer, Domineum |
Estonia |
|
Lin Zheming |
Founder & CEO, Mempool and DotWallet |
China |
The mission statement of the Technical Standards Committee is:
To promote technical excellence and improve Bitcoin SV utility by enhancing interoperability through standardization by:
- Facilitating industry participation in the development of global standards
- Ensuring technical standards are maintained and freely available
Bitcoin Association Founding President Jimmy Nguyen commented:
“Our Association is professionalising the Bitcoin industry, and that includes leading development of standards. Technology history has repeatedly demonstrated the value of seeking consensus on technical standards to fuel industry growth through compatibility and interoperability between different businesses. The Technical Standards Committee was formed now to ensure that Bitcoin SV grows to support a world where all business and online activity can be on-chain, like how the Internet grew with standards set to support a world where everything can be online.”
The Bitcoin SV ecosystem has rapidly grown to over 400 known Bitcoin SV projects and ventures around the world, with new additions each month. Developers and businesses are discovering the value of a massively-scaled Bitcoin blockchain, capable of huge transaction volumes, micropayments, greater data capacity, and many advanced applications.
Seeing this rapid expansion, in September 2019, Bitcoin Association published a global call for interest to serve on a Technical Standards Committee. From numerous applications, top candidates were invited to a five-day formation workshop in London, United Kingdom in January 2020. The workshop assessed final Committee selections, and evaluated the governance processes and resource requirements.
Steve Shadders, Chair of the Technical Standards Committee, said:
“I am honoured to lead the Technical Standards Committee and work with my fellow committee members towards global adoption of Bitcoin SV. Using organisations like the Institute of Electrical and Electronic Engineers (IEEE) as a model, our Committee will focus on governance of the standards process and provide an out-of-the-box toolset for use by specific technical workgroups. Substantial work for recommending standards will be carried out by designated workgroups for each of the different technical areas, meaning that there will be many opportunities for participation from the wider Bitcoin SV ecosystem.”
Call for Participation in First Workgroup: Merkle Inclusion Proofs
In order to test and improve its process, the Technical Standard Committee’s first workgroup has been formed to produce a standard data format for Merkle inclusion proofs. Merkle proofs are vital to all uses of Simplified Payment Verification (SPV) described in the original Bitcoin whitepaper, and form the foundation of most user interactions with the Bitcoin network. The Committee is calling for expressions of interest to join the internal review panel for this standard during the drafting process. A public review process will follow this. To express interest in joining this pilot workgroup as an early stage reviewer, please email [email protected] outlining your subject matter expertise in this area and how you are a stakeholder in the subject matter. Applications will close 3 July 2020.
More detail on the proposal for this standards workgroup is available here.
Bitcoin Association Leadership
As Bitcoin Association continues to expand its activities, including initiatives such as the Technical Standards Committee, Jimmy Nguyen and Steve Shadders will focus on their Association roles, respectively, as Founding President and as Chair of the Bitcoin SV Technical Standards Committee.
The organization’s Executive Committee is comprised of Calvin Ayre, Founder of Ayre Group and CoinGeek; Stefan Matthews, Chairman of TAAL; and Jodok Wicki, partner at CMS von Erlach Poncet Ltd and legal counsel to the Association.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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