HomeCoinsICON (ICX)ICON IRC-16 Token Commonplace. Safety Tokens | by ICON Basis | Howdy...

ICON IRC-16 Token Commonplace. Safety Tokens | by ICON Basis | Howdy ICON World | Aug, 2020

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ICON Foundation

Safety Tokens

Greetings from the ICON staff,

The IRC-16 token commonplace interface was first proposed in 2019, with the aim to help the event of tokenized securities on the ICON blockchain. The IIP has gone by way of a number of iterations, and the ICON staff has printed a reference implementation of the usual for events.

The safety token commonplace describes the way to characterize full possession or break up possession of a selected asset. By means of this commonplace, possession of sure belongings will be issued, represented, tracked, considered, divided, privately owned and transferred. It might even be entrusted to a 3rd occasion supplier and could also be managed underneath strict authorization.

The usual helps assertion of authorized paperwork, partition administration with partially fungible tokens in tranche, and interfaces for managing operator privileges.

Moreover, for regulatory compliance relating to fraud or lack of personal keys, token management by operators is enabled in the usual.

The usual will be discovered on the ICON Safety Token Commonplace IIP web page, together with its specs and a reference SCORE implementation.

Thanks,

ICON Basis

______

ICON official group

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