The Enterprise Ethereum Alliance (EEA) is working with Microsoft and more than a dozen businesses, research organizations and industry consortiums to create a blockchain-neutral business-focused Token Taxonomy Framework.

In essence, the group is working to universally define in non-technical terms what a token is – regardless of the blockchain platform involved – and create a common set of terms and definitions for cross-industry business use. Creating a single set of definitions and terms will help enable blockchain platform interoperability.

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