Empowering organizations to adopt and use token-powered services in their day-to-day operations
The InterWork Alliance (IWA), an initiative of the Global Blockchain Business Council (GBBC), empowers organizations to adopt and use token-powered services in their day-to-day operations, across use cases and networks, bringing inclusivity to globally distributed applications.
Founded in 2020 and merged in 2021 with GBBC, IWA is a key rallying point for organizations to collaborate on market-driven interwork standards and taxonomy to transform digital interchanges of value.
GBBC members or non-members interested in joining an IWA Working Group, please send your request to iwa@gbbcouncil.org.
Token Taxonomy Framework - For Token Definition
Tokens will disrupt global economics and radically change how commerce will be transacted. While various implementations exist today for tokens specific to numerous blockchain platforms, the industry lacks a venue for all participants to collaborate on a shared description and approach – resulting in a lack of interoperability, reuse, and common ground to address regulatory issues. The IWA is this venue, developing a clear definition and scope of the token concept including use cases, taxonomy, and terminology, and a specification neutral to underlying technology.
The Token Taxonomy Framework bridges the gap between developers, line of business executives, and regulators, allowing them to work together to model existing and define new business models based on tokens.
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