Blockchain technology is changing the financial underpinnings of all economic sectors including the education industry in every nation. Accordingly, the International Standardization Organization has set up a relatively new technical committee — ISO/TC 307, blockchain and distributed ledger technologies — to meet the need for standardization in this area by providing internationally agreed ways of working with blockchain and distributed ledger technology to improve security, privacy and facilitate worldwide use of the technology through the highest possible level of interoperability.
The consensus products emerging TC 307 will be relevant not only to not only education industry trade associations who claim an educational/accreditation mission but to college and university marketing departments that can, and should be interested in the ISO 307 products if for no other reason that to secure their claim to mastery of (in the argot of the moment) the most “woke” technologies for students and parents. The executive summary and global participation map is linked below:
In our nearly 20 year involvement in United States consensus products that affect the cost of the education industry; and nearly 20 year involvement in international standards promulgated by the ISO, IEC and ITU we find that early drafts of international standards are fairly dilutive; owing to the need to find agreed-upon definitions and the need to assemble an informed, durable and funded group of subject matter experts that can withstand the long-haul. A few of the focus areas we recommend for leaders of #SmartCampus are listed below:
These are the ongoing focus areas of various committees that appear to contribute to building a foundation for lower cost in the education industry. We will keep a weather-eye out for blockchain standard disruption of school district, college and university bond funding mechanisms. The network of stakeholders involved in education facility funding may be an application of blockchain technology that should be investigated. As always, we will try to separate speculative hype from proven, practical approaches to reducing cost.
Standards Australia is the Global Secretariat. Our US colleagues are encouraged to communicate directly with ANSI’s ISO Team and/or the Chair of the US Technical Advisory Group InterNational Committee for Information Technology Standards, 1101 K Street NW, Suite 610, Washington, DC 20005, Phone: (202) 626-5737. This standard is on the agenda of both our International and Finance & Management standards monthly teleconference during which time we sort through the issues in play that affect the education industry specifically. See our CALENDAR for the next online meeting; open to everyone.
Category: Finance & Management, International
Colleagues: Mike Anthony, Christine Fischer, Jack Janveja, Richard Robben