Efficient Standards - From Idea to Standard to Implementation Using Internationally Recognized Linux Foundation Standards Collaboration - Jory Burson, Linux Foundation
Finance technology is often driven by mandate. Technical innovation in banking and finance must meet the needs of the mandate, be interoperable in the finance ecosystem, and support interoperability. The presence of highly private and often heterogeneous data models, along with the emerging technologies (e.g. blockchain technology, crypto, digital identity) complicate the development of interoperable implementations. Our goal for the audience is to describe simply how standards projects can benefit technical innovation, including:
common collaboration with all stakeholders, interoperability between implementers of the specifications, and the create internationally recognized guidelines and specifications with established national standards bodies. In particular, the Linux Foundation will explain how its programs offer a continuum of project formats, from small, no-cost, community specifications to complex, funded, internationally recognized specifications.