First Blockchain Token Integrity Standard Released

Government Blockchain Association releases the first draft of a globally recognized standard used to evaluate digital tokens for integrity and trustworthiness. It is part of a family of standards called the Blockchain Maturity Model (BMM). The BMM identifies characteristics of a blockchain solution that must be present for the solution to be trusted. It describes five levels of maturity from proposal to globally deployed solution. It is a roadmap for innovators to build solutions and a standard for due diligence, investments, and acquisitions.

The GBA is a global association of thousands of public & private sector blockchain professionals that bring together regulators and innovators to promote Web3 technologies and solutions. With members in over 500 government offices and over 50 working groups and hosting the Blockchain Assurance & Standardization Dynamic Coalition of the United Nations Internet Governance Forum.  

The GBA Digital Asset Management Working Group includes over 100 digital asset professionals with expertise in accounting, law, compliance, tokenomics, and digital asset management. The group has participated in the development of blockchain-based standards and training for over two years. The group has just released the first draft of the BMM Token Supplement that provides a roadmap for token issuers to build reliable tokens and to evaluate those tokens. The BMM and the Token Supplement together define the standard for a trusted token project. The group is currently seeking feedback and comments on these two documents.

The group is also looking for a token project that would like to pilot a BMM Token Assessment and have their token project listed on a global directory of Trusted Blockchain Solutions.

To download and review the documents visit the BMM Documents page and download the BMM Solution Requirements and the BMM Token Supplement. Please provide your comments in the Document Comment Form.

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