Standards for Blockchain-Based Financial Solutions

The GBA has published the Blockchain Maturity Model that details the generic requirements for a blockchain solution to be trusted by and acquired by enterprise and government entities. However, the GBA Finacial Services Working Group is developing a set of requirements and expectations for banking and financial services solutions.

These blockchain standards apply to solutions that support one or more of the following sectors:

• Broker Trading/Financing
• Capital Markets
• CBDC’s
• Central Banks and National Banks
• Credit Cards
• Debit Cards
• Exchange-Traded Derivatives
• Governments
• Institutional Banking
• Institutional Investing
• Local Economy
• Managed Funds
• Market making
• Over-the-Counter (OTC) Derivatives
• Retail Banking
• Retail Investing
• Structured Products
• Supernational Bodies / NGOs

Take the opportunity to proactively define the standard rather than retroactively respond to it. To be part of this initiative, log into the GBA website and join the Banking & Finance Working Group.