ISO Standards Enable New Technology Adoption
In any financial services technology adoption lifecycle, the evolution of a universally accepted sets of operational standards usually underpins the “tipping point” where rapid application of the technology begins. Settling on standards allows deeper and faster collaboration between counterparties, faster development and roll-out of new tools, and the like.
To that end, the International Standards Organization (ISO) sets standards on a global basis for the transfer of money between entities; ranging from every ATM to the containers you see on every truck, ship and railroad worldwide.
STC’s work on creating an ISO Identity Token Standard has therefore gained support from several influential Global Identity protocol companies. To better understand the importance of ISO and their impact on global commerce, please review the following video: