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As a matter of full disclosure, let me say that I have been closely involved in the design of XBRL since its beginning.
The growing momentum of XBRL translates into momentum for the technology it is based on, XML Schema and XLink. In Japan, the National Tax Agency, the Bank of Japan, and the Tokyo Stock Exchange are all shifting to data collection using XBRL - XBRL taxonomies created by the regulator tell the companies what to report in XBRL instances. The data and metadata of a significant national economy, all in a single XML format.
All the applications that process XBRL documents must understand and process XLink, both simple and extended links. To me, that is "achieving traction", not the number of papers given at XML conferences.
Legislation such as Sarbanes-Oxley in the US demands (on penalty of jail time) that business executives adequately document their semantic webs of controls over financial reporting. This is a time when there is a strong business driver to the commercialization of a hyperlinking technology standard. XBRL, using XLink, already has a high level of awareness in this area.
David vun Kannon
Senior Manager
KPMG LLP
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