The U.S. Commerce Department's National Institute of Standards and Technology (NIST) has issued a draft report that details a high-level technical overview of blockchain technology, its architecture, and how it works as the foundation of modern cryptocurrencies. The American National Standards Institute (ANSI) encourages all relevant stakeholders to submit draft comments to NIST by the deadline on February 23.
The document, Draft NIST Interagency Report (NISTIR) 8202: Blockchain Technology Overview, provides an in-depth look at the technologies that compromise blockchain systems and breaks down how blockchains can best be utilized, and how blockchain technology canbe an asset toa business anditsproducts.
"We want to help people understand how blockchains work so that they can appropriately and usefully apply them to technology problems," said Dylan Yaga, a NIST computer scientist and co-author of the report. "It's an introduction to the things you should understand and think about if you want to use blockchain."
NIST requests feedback from the public and private sectors, national and international, for the final publication.
See the NIST release: NIST Report on Blockchain Technology Aims to Go Beyond the Hype.