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Smart Cities

ETSI Announces First Specification for Smart Contracts

ETSI has just released GS PDL 011 the first in a series of specifications that are concerned with the implementation of permissioned distributed ledgers (PDL). This and following specifications will help with the realization of the numerous operational and security advantages of a decentralized approach to the recording of transactions, while simultaneously being both inexpensive to perform and inherently scalable.

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ETSI’s industry specification group for PDL (ISG PDL) was formed with the objective of establishing an open ecosystem upon which trusted and fully compatible PDL solutions could be built. The group includes mobile operators, semiconductor vendors, telecom equipment suppliers, agriculture manufacturers, automotive brands, plus several highly respected research institutes.


The new PDL group specification (GS PDL 011) produced by the ETSI ISG will provide a functional framework to adhere to when smart contract activities are being undertaken, without repudiation being a threat. This will thereby prevent the prospect of fraud occurring.

TAGS #ETSI