Proposal: Data Standard
ApprovedMerged- SIG
- financial-workflows-composability
- Champion
- —
- Author org
- —
- Ask
- 2,300,000
Abstract
The Kaiko Data Standard defines a provider-agnostic DAML interface package for publishing and consuming on-ledger data (e.g., prices, reference rates, market indicators) on Canton. It eliminates bespoke bilateral integrations between oracle providers and application consumers, enabling any Canton application to switch or add data providers without DAML rewrites. The Standard is already running in production with institutional clients (Broadridge, Bitsafe, NCFX) and this proposal funds its formal publication into Splice, along with ongoing maintenance, documentation, and adoption incentives.
Milestones
| Title | Due date | Target | Amount (CC) |
|---|---|---|---|
| Design, Community Alignment & CIP | — | — | 900,000 |
| Merge Request Approved & Data Standard Deployed | — | — | 400,000 |
| Ecosystem Outreach, Use Case Showcase & Adoption Incentive | — | By publishing the Data Standard as a common good and making it freely available through Splice, Kaiko is deliberately reducing its own commercial stickiness. The Standard enables Kaiko's existing clients to more easily switch to an alternative data provider, as it removes proprietary API lock-in as a retention mechanism. This is a concrete commercial sacrifice made in the interest of ecosystem health. The per-client adoption payment compensates Kaiko for this accepted increase in churn risk, and aligns the Foundation's incentive with the Standard's actual adoption. The more ecosystem participants adopt it, the greater the common good delivered, and the greater the compensation. | 1,000,000 |
| Total | 2,300,000 | ||
Budget impact
- % of available
- 1.3%
- % if all RFV pass
- 1.3%
- Ask (CC)
- 2,300,000
Comments by org
24 comments · 2 orgs · last activity May 29, 2026
| Organisation | Comments |
|---|---|
| Unknown | 22 |
| Digital Asset Switzerland | 1 |
| Canton Foundation | 1 |