The network aims to provide an open and neutral sphere for all blockchain stakeholders to deepen their understanding, address issues they face to attain sustainable development of the blockchain community. Their aims are to:

1. create an open, global and neutral platform for multi-stakeholder dialogue;
2. develop a common language and understandings among stakeholders with diverse perspectives; and
3. build academic anchors through continuous provision of trustable documents and codes based on an open source-style approach.

The consortium will promote discussion from both technical and operational perspectives on activities required in domestic and foreign exchange services "to utilise blockchain and other new technologies, consolidate domestic and foreign exchange services, and build 24-hour and real-time remittance infrastructure".

The group has set a March 2017 deadline for delivery of a proof-of-concept, ahead of a full commercial build.