techUK’s Distributed Ledger Technology (DLT) Group provides strategic direction for all techUK activities related to blockchain and DLT. It positions DLT as an emerging enterprise compute layer to establish trust for value and information transactions made online.
The group considers what action can be taken in order to industrialise, support technology readiness, help organisations with adoption and consider use cases not limited to financial services but a wide range of sectors, including, the Internet of Things, smart energy & utilities, cyber security, government and smart contracts. It also seeks to promote adoption of the technology through public services.
The Group provides an authoritative and recognized voice for the industry by representing the interests of techUK members in DLT industry forums, standards bodies, platform operators and with other stakeholders.
Education & Ecosystem Development
The group seeks to educate both members and stakeholders alike, into the technological ‘art of the possible’ for the application of DLT across relevant sectors. In the DLT community, there is a recognised lack of clarity around terminology, potential use-cases and the underlying technology among corporates, consumers and authorities. The DLT Group develops markets & networks in addressing this problem, through the organisation of roundtables, workshops and briefings for members interested in learning about DLT applications across techUK’s market verticals.
techUK sits on the British Standards Institution’s (BSI) technical committee, which is coordinating the UK’s submission into the ISO standard around blockchain and distributed ledger technologies. techUK is supportive of the voluntary standards process underway, which will move the conversation forward and facilitate collaboration. Ensuring interoperability and trust in the resiliency of the various DLT platforms and systems will be key if gains are to be realised fully. techUK acts as a transmission mechanism in facilitating input from members into the standards process and in turn, keeping the membership updated on their development.
Regulation and Policy
techUK’s DLT group provides members with a platform with which to influence public policy discussions around both the adoption and regulation of emerging DLT. techUK members were grateful for the opportunity to input into the government’s seminal Blackett Review focused on Government commitment to foster use of the emerging technology both in society and the public sector. In 2017, the DLT Group published its White Paper, 'Playing Catch-up Incorporating Distributed Ledgers into the Technology Stack and Repurposing the Wider Ecosystem'. This tracked progress since the Blackett Review and examined use-cases, risks and opportunities for implementation of the technology. A further overview of progess since Blackett came in the Lord Holmes Report in November, which includes a call to action to the UK government to foster development of DLT's potential. techUK will take an active part in workshops proposed by Lord Holmes as well as continuing our vibrant programme of activities.
For more information relating to the group’s remit and for details on joining the group, please contact email@example.com
Chair: Rodger Oates, Consulting Partner at TCS
Vice-Chair: Genevieve Leveille, Founder, AgriLedger