As you can see from few screenshots above, Scott also got a joint billing with Australia’s ex Prime Minister Malcolm Turnbull. This clearly shows the reach of this guy Scott Wilkie!!

(Malcolm Bligh Turnbull is an Australian former politician who was the 29th Prime Minister of Australia from 2015 to 2018)

ISO 20022, ISO/TC 307 and ISO/TC 68

ISO 20022 website is a multi part international standard. prepared by ISO Technical commitee TC68 Financial Services. First published in 2004, its widely recognised as the standard of the future.

We see clearly, that ISO 20022 was prepared by ISO/TC 68.

Details about TC 68 can be found in this link: https://isotc.iso.org/livelink/livelink/fetch/2000/2122/687806/ISO_TC_068__Financial_services_.pdf?nodeid=982909&vernum=-2

In the below screenshot — Under subcommittees of ISO/TC 68 we can find TC 307 being mentioned. More connections between TC 68 and 307 and the organisations involved will be revealed later in this article.

Further we find in https://www.iso.org/committee/49650.html that TC 307 is a liaison committee to TC 68.

These standards are working closely with ISO/TC 68, ISO/TC 307 is involved here as well.

What exactly is ISO/TC 307?

ISO/TC 307, blockchain and distributed ledger technologies, has been set up to meet the growing need for standardization in this area by providing internationally agreed ways of working with it to improve security, privacy and facilitate worldwide use of the technology through better interoperability.

The scope of ISO/TC 307 reads: “standardisation of blockchain technologies and distributed ledger technologies.”

As of 2018-03–13, the standardization work of ISO/TC 307 has been divided into six groups:

● WG 1 Foundations;

● WG 2 Security, privacy and identity;

● WG 3 Smart contracts and their applications;

● SG 2 Use cases;

● SG 6 Governance;

● SG 7 Interoperability.

Blockchain and distributed ledger technologies is a rapidly evolving and expanding area. The need for collaboration and cooperation has been identified and ISO/TC 307 is liaising with the relevant ISO and IEC committees, as well as external organizations, to minimize any overlap.

As seen above highlighted in green, “ITU-T has Recommendations that are relevant to ISO/TC 307, particularly on the structured and operation of networks, and on cybersecurity and cyber incident management.” (As revealed earlier, We already know ITU-T website had Gilbert Bio

In ISO/TC 307 4th meeting around 23rd October, 2018 Gilbert Verdian was appointed as the Covenor of this committee replacing Eric Cohen.

Eric Cohen, interestingly gave us a very nice hint on 2nd July, 2019 where he tweeted:

“Not sure what question is … SWIFT is Cat A liaison, ISO/TC 68 also has liaison to/from 307. Many participants bridge the groups.”

Eric Cohen, former Covenor of ISO/TC 307

Eric Cohen clearly mentions a liaison between SWIFT, ISO/TC 68 and ISO/TC 307. Which means that the people and organisations involved in these two standards are in close working relationship.

ISO/TC 68 is working towards Standardization in the field of banking, securities and other financial services and ISO/TC 307 towards Standardisation of blockchain technologies and distributed ledger technologies.

FIG was founded in 1878 and is a United Nations and World Bank recognized non-governmental organization of national member associations, cadastral and mapping agencies and ministries, universities and corporates from over 120 countries.

Also, remember that Gilbert was appointed as the new Convener of TC 307, replacing Eric Cohen.

So what are the Organisations working in liaison to/from TC 307 and TC 68??

They are the likes of European Commission (EC), FIG, INATBA, ITU, SWIFT, MasterCard which are huge organisations and few already had previous connections to Gilbert like the EC, FIG, INATBA, ITU, MasterCard and more is due to come.

Organisations in liasion with ISO/TC 307

Organisations in liasion with ISO/TC 68

Another interesting stuff is that Quant’s Overledger Whitepaper was referenced for this ISO standard 23455.

https://www.iso.org/obp/ui/#iso:std:iso:tr:23455:ed-1:v1:en

https://www.iso.org/standard/75624.html

Looking further into ISO/TR 23455, it blew my mind, as the standard provides an overview of smart contracts in Blockchain/DLT (Distributed Ledger Technology) systems; describing what smart contracts are and how they work. It also discusses methods of interaction between multiple smart contracts.

Decoding this standard, this is what Quant Networks Treaty Contract is working on. Right? YES!!

This is exactly the reason why Quant Network partnered with SimbaChain!

(See what SimbaChain partnership was all about — https://www.quant.network/blog/new-partnership-marks-multi-chain-evolution-for-smart-contracts/ )