Enterprise Ethereum Alliance Is Forming A ‘Token Task Force’
Enterprise Ethereum Alliance Update –
The group will work on a specification for tokens that run on top of ethereum and private blockchains based on it, with business uses in mind.
Notably, the task force will do this not only for assets whose units are interchangeable with one another, but also for individual tokens with unique properties.
“We are creating a token task force; we will do that first half of this year,” Resnick said.
“We want to create a token specification standard for enterprise tokenization so basically [assets] can be managed in a much better way with more assurance than what’s happening today,” Resnick said.
The planned task force marks its first direct technical approach addressing the token phenomenon which swept crypto-land in recent years – first in the uninhibited initial coin offering boom of 2017, and more recently with a wave of regulated security token offerings and platforms.
Ian Allison’s original article for coindesk.com reduced by 71%
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