“The platform-neutral Token Taxonomy Initiative today announced the publication of the Token Taxonomy Framework (TTF) V 1.0, which enables businesses and developers to universally understand and define what a token is in non-technical terms, regardless of how it is implemented. Users of the TTF can create a new type of token from a set of reusable, cross-industry components, including existing token definitions, creating a specification that includes all of the business ingredients for any implementation. Using standardized terms and definitions to both understand and build token-based systems, the TTF enables businesses and developers to universally design the next-generation of token-based business goods and services – without requiring an understanding of industry jargon or coding. View the TTF V 1.0 and draft specification documents on the TTI website at https://tokentaxonomy.org/resources/.
- View the Token Taxonomy Framework V 1.0 and Specifications
- Participate in Shaping the Token Taxonomy Framework
Token Taxonomy Initiative members include Accenture, Adhara, Banco Santander, Blockchain Research Institute, Clearmatics, ConsenSys, Digital Asset, Envision Blockchain, EY, Hedera Hashgraph, IBM, Intel, ioBuilders, Itau, J.P. Morgan, Komgo, Microsoft, R3, and Web3 Labs, among others. Supported by taxonomy documentation and a set of tools that facilitate token definition workshops that contribute to a shared GitHub repository, the framework enables businesses to develop a clear definition and scope of the token concept, including use cases, taxonomy and terminology, and a specification neutral to the underlying technology – whether or not the token is hosted on a blockchain platform.”
About Envision Blockchain Solutions
Envision Blockchain Solutions is a Blockchain Ledger Agnostic Systems Integrator. Our mission is to reshape and align today’s Enterprise systems allowing organizations to recognize the new value in tomorrow’s Industry Vertical Solutions. The management team has years of Fortune 500 experience and has built a team of subject matter experts in Blockchain and Business Transformation Processes within Emerging Technologies. We focus on guiding organizations through 3 major milestones on their Blockchain journey: Use Case Analysis, Proof of Concept Development and Enterprise Scaled Deployments.