Blockchain technology is not yet mature enough to be able to integrate with existing systems readily.
Even, as the current technology stands, two blockchain networks cannot easily talk to each other.
Why Common Protocols Matter for Mass Adoption
Standardization will help to improve interoperability, adaptability, and integration aspects of blockchain technology.
Some attempts have been made recently to address this, and the most notable out of these attempts is the establishment of ISO/TC 307, which is a technical committee with the scope of standardizing blockchain and distributed ledger technology.
The aim of the committee revolves around increasing interoperability and data interchange between users, applications, and systems.
On the other hand, the recent creation of consortia and open source collaborative efforts such as R3 and Hyperledger has helped with standardization of this technology by sharing ideas, tools, and code with other participants.
R3 works with a consortium of more than 80 banks that all have similar goals, which in a way results in standardization.
Hyperledger, on the other hand, has a reference architecture that can be used to build blockchain systems and is supported by the Linux Foundation and many other participants from the industry.
Why This Matters for Blockchain Technology
Another example is the open chain standard, which is a protocol developed for financial networks.
The chain OS1 standard is already available, which was built in collaboration with major financial institutions around the world.
This standard allows faster settlement of transactions and direct peer-to-peer transaction routing.
It aims to address regulatory, security, and privacy requirements in blockchain technologies.
Key Points to Remember
- Standardization Blockchain technology is not yet mature enough to be able to integrate with existing systems readily.
- Even, as the current technology stands, two blockchain networks cannot easily talk to each other.
- Standardization will help to improve interoperability, adaptability, and integration aspects of blockchain technology.
- Some attempts have been made recently to address this, and the most notable out of these attempts is the establishment of ISO/TC 307, which is a technical committee with the scope of standardizing blockchain and distributed ledger technology.
Going Deeper: Advanced Concepts
OS1 also provides a framework for smart contract development and allows the participant to meet AML and KYC requirements easily.
Smart contract standardization efforts have also started with a seminal paper authored by Lee and others, which formally defines the smart contract templates and presents a vision for future research and necessities in smart contract related research and development.
This paper is
Moreover, some discussion on this topic has been carried out in , Scalability and Other Challenges and C , Smart Contracts.
Conclusion
Standardization represents one of the many innovative layers that make blockchain technology so powerful and transformative. As distributed systems continue to evolve, a solid understanding of these core concepts becomes increasingly valuable — not just for developers, but for anyone building, investing in, or working alongside blockchain-powered systems.
Whether you are just starting your blockchain journey or deepening existing expertise, mastering these fundamentals gives you the tools to think clearly about decentralized systems and make smarter decisions in this rapidly evolving space.