Too Many Cooks Will Spoil Blockchain Broth, Says SETL chief

Distributed ledger technology standards will be 'lowest common denominator' if everyone has a say

randall
Peter Randall, CEO, SETL

Broad industry engagement is not the way to build standards for financial services blockchains, Peter Randall, CEO of payments infrastructure SETL, told delegates at Sibos in Geneva this week.

Too many interests will detract from standardization, he said on a panel billed as "RegTech Versus FinTech" that focused on industry efforts to develop blockchain, or distributed ledger technology, solutions.

Randall drew a parallel between the standardization efforts for distributed ledger technology

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