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Welcome to SGT, your definitive hub for mastering the ever-evolving landscape of digital technology & project management. Our non-profit organization is steadfastly dedicated to bridging the ”skills gap” with an array of innovative digital content - from comprehensive online courses and e-books to insightful podcasts, engaging reports, & hands-on tutorials. Our goal? To equip you with the practical knowledge & discipline-specific skills required to excel in today’s competitive job market. In the realms of digital video, design, research, project management, & information technology, our mission extends beyond merely informing – we aim to transform. Each of our resources is meticulously researched & crafted, offering an immersive learning experience & the specific insights & templates needed to apply your newfound knowledge directly to your field. With SGT, you’re not merely preparing for the future; you’re gaining the tools to engineer a productive & innovative 21st-century world.
Episodes
Tuesday Jul 04, 2023
Tuesday Jul 04, 2023
6. The ISO 20022 Standard and Its Importance in the Blockchain Space
6.1 Introduction to ISO 20022 and its Importance
In an increasingly interconnected world, the ability to communicate and collaborate across borders and industries is crucial to driving innovation and growth. As a Professor of Computer Science and Economics with a deep understanding of global challenges, I have come to appreciate the role that standardization plays in fostering efficiency and seamless integration in the financial sector. One such standard that holds significant promise in the realm of cryptocurrencies and blockchain technology is ISO 20022.
ISO 20022 is an international standard for electronic data interchange between financial institutions. It was developed by the International Organization for Standardization (ISO) to create a common language for exchanging financial messages and improving the interoperability of financial systems. The standard provides a comprehensive framework for financial messages, encompassing not only syntax but also data elements, business processes, and message definitions. By adopting ISO 20022, organizations can streamline their communication, reduce errors, and lower costs while also enhancing cross-border cooperation. ...
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