One of the challenges of blockchain technology is its lack of interoperability between different networks. As the technology evolves, developers around the globe are working on platforms that do not play well with others.
That’s not an oversight.
There simply is no existing standards.
Yet.
However, a bill is being introduced to as least establish a definition of blockchain itself as a basic starting point of coordinating future technological development.
H.R.6913 – Blockchain Promotion Act of 2018 is the name of the bill.
U.S. States are also trying to come up with their own definitions. Such efforts are laudable. Yet, a broader attempt is necessary to establish an industry definition that not only crosses state lines, but ideally would be globally respected.
An industry definition is a good start to more efficient blockchain development and deployment.