Advancing the Science of Transactions Through Standards, Certification, and Ethical Governance

The Transactology Foundation is the independent nonprofit standards body dedicated to establishing best practices, professional certification, and ethical guidelines for transaction systems worldwide.

Standards

Open specifications for transaction system design, measurement, and interoperability across industries and jurisdictions.

Certification

Professional credential programs from Associate to Fellow levels for transaction system practitioners and researchers.

Ethics

Ethical guidelines for responsible transaction system design, deployment, and oversight in an automated world.


Standards Documentation

The Foundation maintains open standards for transaction system design, measurement, and interoperability. All standards undergo public comment periods and are adopted through formal board vote.

Transaction Measurement Framework

TMF-1

Defines standard metrics for transaction friction, latency, cost, and settlement finality across payment, data, and energy exchange systems. This framework provides a common language for benchmarking and comparing transaction system performance.

Adopted

Interoperability Protocol for Cross-System Transactions

IPX-1

Establishes communication standards for transactions spanning multiple clearing systems, ledger types, and jurisdictions. Enables seamless cross-border and cross-platform transaction routing.

Adopted

Ethical Design Principles for Automated Transaction Systems

EDP-1

Guidelines for fairness, transparency, and accountability in AI-mediated transaction decision-making. Covers algorithmic bias assessment, audit trails, and consumer protection requirements.

Draft

Settlement Finality and Dispute Resolution Protocol

SFD-1

Defines criteria for transaction settlement finality across distributed and centralized systems, with standardized dispute resolution procedures and timeline requirements.

Draft

Transaction Privacy and Data Minimization Standard

TPD-1

Specifies privacy-preserving approaches to transaction data collection, storage, and sharing. Establishes data minimization principles and anonymization requirements for transaction analytics.

Proposal

Certification Program

The Foundation offers a structured credential pathway for transaction system professionals, from foundational knowledge through expert-level mastery and recognized thought leadership.

A
Associate
P
Professional
F
Fellow
Level Requirements Duration Fee
Associate (ATx) Foundational exam covering core transaction concepts, plus 1 year of practice experience 6 months prep $450
Professional (PTx) Advanced exam, 3 years practice, plus professional portfolio review 12 months prep $850
Fellow (FTx) Peer review board evaluation, 7+ years practice, and published contributions to the field Invitation-based $1,200

Impact Report 2025

Our community of practitioners, researchers, and organizations continues to grow as the discipline of Transactology gains recognition worldwide.

Certifications Issued
1,247
Standards Adopted
3
Standards in Draft
2
Partner Organizations
186
Countries Represented
42
Annual Conference Attendees
2,340

Board of Governors

Our volunteer board members bring decades of experience in payment systems, distributed ledger technology, regulatory policy, and academic research.

Dr. Elena Vasquez

Chair

Former Chief Economist, Bank for International Settlements. PhD Economics, MIT.

Prof. James Okonkwo

Vice Chair

Chair of Transaction Systems, Oxford. Author of "Principles of Transactology."

Rika Tanaka

Secretary

CTO, Asia-Pacific Payment Network. 20 years in cross-border settlement systems.

Marcus Lindgren

Treasurer

Managing Director, Nordic Transaction Research Institute. FTx Certified Fellow.

Dr. Amara Diallo

Standards Committee Lead

Director of Policy, West African Monetary Institute. PhD Computer Science, ETH Zurich.

Sarah Chen

Ethics Committee Lead

Professor of Technology Ethics, Stanford. Advisor to EU Digital Markets Act implementation.