The DATA community is actively working to create global best practices, standards and capabilities for the digital asset community. Beyond bitcoin and digital currency is an emerging set of frameworks which can be used to propel the industry forward, with approaches based on shared experience. As part of the evolution in this space, DATA regularly submits detailed responses on behalf of its members and the community at large with regulatory bodies and interested stakeholders worldwide.
Many DATA companies operate in the world of technology, and the organisation seeks to replicate best practices in these areas to subjects of activity.
DATA maintains four working groups focused on issues relevant to the ecosystem: privacy, compliance, consumer best practices and security. Additional work is being done on subjects related to smart contracts, auditing and legal frameworks.
DATA is working with GitHub to create repositories for code related projects on these subjects with the goal of making aspects of these projects accessible in code formats, subject to W3C and community commons rights.
DATA, together with a group of industry participants led by ID3 and MIT Media Lab, has released the Windhover Principles, a set of data ownership and privacy guidelines recommended for all DATA members. Over 21 companies signed onto the Principles at the time of their release, under the leadership of DATA Privacy Chair John Clippinger.
Anti-money laundering and know-your-customer rules are a growing component of digital asset transfers around the world. The committee with the DATA Board under the leadership of AML/KYC Chair Juan Llanos has released draft guidelines for comment and community input.
Consumer Best Practices
The Consumer Best Practices committee is currently finalising the first set of guidelines on consumer safety and educated related issues. Consumer Best Practices guidelines are led by Chair Judith Rinearson.
The fast-moving world of security related to digital assets requires an evolutionary approach, with standards in development articulated by a small group of cryptographers, data analysts and business leaders led by Chair David Schwartz.