The OIF has developed several new 56Gbps implementation agreements to address higher data rates beyond 28Gbps. These agreements consider signal modulations like NRZ and PAM4, and different transmission reaches from chip-to-chip to backplane implementations. Throughout this work, signal integrity has been the primary focus while also considering power consumption and complexity. The agreements are aimed at applications in storage, computing, networking and telecommunications. Multiple modulation and implementation options will be needed to satisfy the varying requirements of latency, power, cost, density and transmission reach across different applications operating at 56Gbps.