Google , Intel , Nokia , Huawei and Microsoft have been named as the founding members of the European Telecommunications Standards Institute 's latest industry specific group . It will examine the challenges of using large distributed networks , and develop industry standards for blockchain 's use , including interfaces , protocols and information models . Otherwise it’s likely to create more problems than it solves. The group is set to have its first meeting in Madrid on 24 September .
Google , Intel , Nokia , Huawei and Microsoft have been named as the founding members of the European Telecommunications Standards Institute 's latest industry specific group . It will examine the challenges of using large distributed networks , and develop industry standards for blockchain 's use , including interfaces , protocols and information models . The group is set to have its first meeting in Madrid on 24 September .