BS ISO 24165-2:2021 Digital Token Identifier (DTI)

Standard Number: BS ISO 24165-2:2021

Pages: 26

Released: 2021-10-21

ISBN: 978 0 539 12919 9

Name: Digital Token Identifier (DTI). Registration, assignment and structure Data elements for registration

Status: Standard

Overview

The BS ISO 24165-2:2021 standard is a comprehensive guide designed to provide a robust framework for the registration, assignment, and structure of Digital Token Identifiers (DTIs). This standard is essential for organizations and individuals involved in the digital token ecosystem, ensuring a standardized approach to the identification and management of digital tokens.

Key Features

• Comprehensive Coverage: With 26 pages of detailed guidelines, this standard covers all aspects of DTI registration, assignment, and structure.
• Up-to-Date Information: Released on October 21, 2021, this standard reflects the latest advancements and best practices in the field.
• International Recognition: As an ISO standard, it is recognized and respected globally, providing a universal framework for digital token identification.
• Structured Data Elements: The standard outlines specific data elements required for the registration of DTIs, ensuring consistency and reliability.

Benefits

Implementing the BS ISO 24165-2:2021 standard offers numerous benefits:

• Enhanced Security: By following standardized procedures, organizations can enhance the security and integrity of their digital tokens.
• Improved Interoperability: A standardized approach facilitates better interoperability between different systems and platforms, making it easier to manage and exchange digital tokens.
• Regulatory Compliance: Adhering to this standard helps organizations comply with regulatory requirements, reducing the risk of legal issues.
• Streamlined Processes: Clear guidelines and structured data elements simplify the registration and management of digital tokens, saving time and resources.

Who Should Use This Standard?

This standard is ideal for a wide range of stakeholders in the digital token ecosystem, including:

• Blockchain Developers: Developers working on blockchain projects can use this standard to ensure their tokens are properly identified and managed.
• Financial Institutions: Banks and other financial institutions can benefit from the standardized approach to digital token management.
• Regulatory Bodies: Regulators can use this standard to establish clear guidelines for the registration and management of digital tokens.
• Token Issuers: Organizations issuing digital tokens can ensure their tokens meet international standards.

Detailed Structure

The BS ISO 24165-2:2021 standard provides a detailed structure for the registration and assignment of DTIs, including:

• Data Elements: Specific data elements required for registration, ensuring consistency and accuracy.
• Assignment Procedures: Clear procedures for the assignment of DTIs, ensuring a standardized approach.
• Registration Process: Step-by-step guidelines for the registration process, making it easy to follow and implement.

Why Choose BS ISO 24165-2:2021?

Choosing the BS ISO 24165-2:2021 standard ensures you are following the best practices in the industry. This standard is designed to provide a comprehensive and reliable framework for the management of digital tokens, offering numerous benefits such as enhanced security, improved interoperability, and regulatory compliance.

Conclusion

The BS ISO 24165-2:2021 standard is an essential resource for anyone involved in the digital token ecosystem. With its comprehensive guidelines and structured approach, it provides a reliable framework for the registration, assignment, and management of Digital Token Identifiers. By implementing this standard, organizations can enhance the security, interoperability, and compliance of their digital tokens, ensuring they meet international standards and best practices.

BS ISO 24165-2:2021

This standard BS ISO 24165-2:2021 Digital token identifier (DTI). Registration, assignment and structure is classified in these ICS categories:

• 03.060 Finances. Banking. Monetary systems. Insurance

This document defines the data elements included in the registry record and used to establish the 1:1 relationship between a digital token and the identifier assigned according to the method in ISO 24165-1 .