The XDTM Standard Association is a non-profit consortium of more than 300 companies and government entities formed to generate and manage standards related to Digital transaction management.[1] [2]
Board members currently include C-level executives from Microsoft, FedEx, DocuSign, Intel, NBCUniversal, Brown-Forman, university officers from Purdue University, and executives from Stanford Children's Health.[3]
The association intends to follow a similar model to the Payment Card Industry Data Security Standard, which plays an important role in facilitating the flow of credit and debit card transactions.[4]
The organization also includes the former head of the National Institute of Standards and Technology, Arden Bement.
The group recently created a Technical Steering Committee to "define and advance requirements, and create the framework for an associated certification program to ensure open, secure digital transactions."[5]