For 60 years, COBOL has been the cornerstone language for application development on mainframes. It effectively engages in large-scale batch and transaction processing jobs at a number of companies, government organizations, and other firms.
The first standard for the COmmon Business-Oriented Language (COBOL) was approved and released by the Conference On DAta SYstems Languages (CODASYL) Committee in September 1959. Intermediate updates were released in the early 1960s until the American National Standards Institute (ANSI) took over publishing the standard and, in 1968, released the true foundation of the language. By 1970, COBOL was the top language used in the world.
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