In an earlier Reddit post, I postulated the view that for XBY to achieve the levels of market saturation as its road-map intends, ‘we will need to see board members actively engaging with industry heavyweights to ensure that board visibility is achieved.’ This will help it achieve authority status.
Xtrabytes is posturing towards becoming the dominant blockchain platform, we can see this clearly through its design of an an industry leading feature set.
- Quantum resistance.
- Leading Transaction Speeds,
- Flexible platform, with a functional user-experience.
- Support for popular programming languages unlike many other platforms.
- Products can be built on it with relative ease.
- Instant messaging and a raft of other features on the core platform.
However, in order for XBY to assert itself, it will need to attain authority as the market leader. The decentralized Ethereum project has attempted this with the creation of the Enterprise Ethereum Alliance. The EEA has been a boon for many enthusiasts as we saw a crossover of household companies coupled together in the same sentence with a decentralized digital technology. In addition, it was good for the investment community as it established a degree of marketing more valuable than any deliberate campaign and much investment money poured into Ethereum asset, fueling the piggybacked ICOs and the subsequent inflated token demand.
Does XBY needs it own EEA solution? Maybe not.
I do however believe a superior step further is achieving publicized open engagement with global technology authorities, such as the National Institute of Standards and Technology (NIST), International Organization for Standardization (ISO) and International Electrotechnical Commission (IEC).
Its fair to assume upon the establishment of block-chain standards, enterprise investment and solution purchase will largely be led by the provider who adheres to a certain trust value, industry standards are an important component of this.
In summation; An excellent opportunity exists for XBY to establish a publicized relationship, of any capacity, even advisory, with these organizations as standardization is not yet achieved.
To first and foremost to assert itself in the space as the authority, to achieve the right exposure, and develop credibility on a global scale. I am of the view that he who looks to become the standard wins the biggest prize as we have seen with operating system and database technologies before.
Blockchain technology will be standardized, like all technologies. (Here are some interesting articles in that space._
NIST Overview on the Technology – We can note only some protocols are mentioned.https://csrc.nist.gov/CSRC/media/Publications/nistir/8202/draft/documents/nistir8202-draft.pdf
ISO standard committees currently in working group status. https://www.iso.org/committee/6266604/x/catalogue/
Further Reading. As a precedent to the article above consider some of the below examples.https://www.microsoft.com/en-us/trustcenter/compliance/NIST_CSF
This post was originally posted on Reddit 2/4/2018 here
Would you like to know more?
We don’t just publish articles, XTRABYTES is a whole new blockchain platform that allows DApps to be programmed in any language, utilizing a new consensus algorithm called Proof of Signature. In doing so, XTRABYTES presents a next – generation blockchain solution capable of providing a diverse set of capabilities to the general public.