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Microsoft, Ethereum Group Launch Token-Building Kit for Enterprises

Microsoft, Ethereum Group Launch Token-Building Kit for Enterprises


The Enterprise Ethereum Alliance (EEA) and Microsoft have corralled the major blockchain providers behind a new project to help businesses design and create the right sort of crypto tokens for their particular needs.
The EEA, which is focused on creating standards and specifications for business users interacting with ethereum technology, stressed it is merely the host for the so-called “Token Taxonomy Initiative,” an entirely catholic and technology-neutral project which crosses ethereum, Hyperledger, R3’s Corda and Digital Asset’s DAML.
Announced Wednesday, members of the Token Taxonomy Initiative include Accenture, Banco Santander, Blockchain Research Institute, Clearmatics, ConsenSys, Digital Asset, EY, IBM, ING, Intel, J.P. Morgan, Komgo, Microsoft, R3, and Web3 Labs, among others.
EEA executive director Ron Resnick explained that in essence, this is a composition framework which is open and accessible to technologists and non-technologists alike. It will comprise workshops as well as a GitHub repository where findings and test data can be linked to existing token implementations on various blockchain networks, said Resnick, adding:
“We are doing this for the greater common good. Standardizing tokens across all networks could hold the key to one of the greatest economic opportunities in modern history.”

Category: General
Date: 19.04.2019 08:05

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