The Enterprise Ethereum Alliance (EEA), an Ethereum member driven consortium, has announced the launch of a blockchain-neutral Token Taxonomy Initiative which includes, among many high profile partners, the Wall Street financial institution J.P. Morgan Chase.
According to the press release published on April 17, the EEA’s Token Taxonomy Initiative intends to drive enterprise adoption by defining tokens in non-technical, cross-industry terms. As cryptocurrency and blockchain grows, varied token adoption is beginning to spread across a number of industries. EEA and their proposed Token Taxonomy is one initiative that seeks to bring some standardization to the space, regardless of use case.
As stated in the press release, the initiative will address the need to universally define tokens and how their implementation can occur, interchangeably, across platforms,
“While some form of tokens and tokenization have existed throughout time, blockchain-derived tokens have…
Read Full Story : Ethereum World News