Token Taxonomy Initiative: Crypto Joining Forces with Mainstream Giants

On April 17th, the Enterprise Ethereum Alliance (EEA), which works to streamline enterprise development on its namesake’s blockchain network, announced the Token Taxonomy Initiative — a “blockchain-neutral” project bringing together mainstream companies and crypteconomy stalwarts to standardize the tokenization arena for enterprises.

EEA will host the project but it will not be Ethereum-centric in kind. R3, IBM, JP Morgan, and Digital Asset (DA) are among the effort’s launch members, and all four have respectively built or supported other notable projects in the blockchain space.

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