A new international standard for the technical framework and functional requirements of Blockchain as a Service (BaaS) has been approved by the International Organization for Standardization (ISO). This standard, led by China, will involve participation from several countries including Germany, the UK, and Japan. BaaS is a widely adopted commercial model for blockchain applications due to its accessibility and scalability, powering over 100,000 projects across various sectors like supply chain finance and product traceability. AI
IMPACT Establishes a global technical framework for Blockchain as a Service, potentially accelerating enterprise adoption and interoperability.
RANK_REASON International standards body approval for a technology framework. [lever_c_demoted from research: ic=1 ai=0.4]
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