The Millbrook Accord 488 0 Kommentare Industry Titans Gather to Scale Security Token Efforts - Seite 2

Jeff Pulver, Chairman of the Blockchain Token Association, said: "In the Voice over Internet Protocol era, we invited industry leaders to bring their production-ready code to quarterly bake-offs, where developers sought to make their code interoperable. The result was a free and open source set of standards, which ultimately led to interoperability of services. We believe a similar collaborative approach to technological advancement will assist in the acceleration of blockchain adoption and the maturation of the global security tokens ecosystem."

Addressing the currently fragmented industry standards which result from differing regulatory requirements in global jurisdictions, the Millbrook Accord VTF aims to accelerate adoption and growth of tokenized securities by supporting industry alignment and collective focus to overcome a common challenge.

In addition, the VTF codebase will include various regional compliance and feature requirements for security tokens. NEM, a founding member of the Millbrook Accord, will serve as the first non-Ethereum based blockchain implementation of the VTF through its protocol features, making the VTF the first formalized multi-chain effort for security tokens to date.

Fran Strajnar, CEO and Founder of Techemy, said, "The members of the Millbrook Accord and the BTA have come together due to our shared belief that the security token industry is set to experience an interoperability crisis. Tokens issued by various groups will be incompatible between blockchains, within market participants, including the exchanges that will list them, as well as the custodians and broker dealers who will handle them. The Millbrook Accord is an effort to create an interoperable framework for security tokens, which can be adopted on any smart-contract enabled blockchain and in any country."

Fran Strajnar, CEO of Techemy and Jeff Pulver, Chairman of the Blockchain Token Association are available for interview.

About the Millbrook Accord:

The Millbrook Accord is a working group formed by key drivers of the security token movement. Formed at the Blockchain South 2018 Leadership Summit at the Millbrook Resort, Queenstown, New Zealand, the Millbrook Accord sets out to provide solutions and industry guidelines surrounding the current complexities around security token interactions. Focusing on the development of interoperability solutions for the securities token market, the working group aims to provide practical solutions when it comes to navigating jurisdictions and ensuring compliance among token holders, exchanges, and platforms. Spearheaded by Techemy Ltd, the group's founding members include SharesPost, tZERO, GSX Group, Global Advisors, ERCDEX, NEM, HyperLink Capital, Alchemist Ventures, Bankorus, Blockchain Labs, AnyPay, and Wachsman.