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The developers of ISO 3166 intended that in time it would replace other coding systems in existence. It is used as the basis for many other standards, including ISO 4217 currency codes, [International Bank Account Numbers]?, the [ISO 6166]? International securities identification numbering (ISIN) system, [ISO 7372]?, [ISO 9375]?, the ISO/IEC 7501-1 machine readable travel documents standard, UN/LOCODE (United Nations Economic Commission for Europe Recommendation 16, for encoding names of ports), and WIPO standard ST.3 (for encoding country which issued a patent or trademark).
The developers of ISO 3166 intended that in time it would replace other coding systems in existence. It is used as the basis for many other standards, in areas such as currency codes, bank account numbers, securities numbers and location coding.