The Token Taxonomy Framework (TTF) provides a common language to define tokenization use cases and is implemented today in products and services utilizing tokenization.
The Token Taxonomy Framework is an open-source resource library designed to bridge the gap between developers, businesses, and regulators by simplifying a common language to describe tokenization attributes, behaviors, and data properties. This common language enables technical and non-technical stakeholders to collaborate in modeling existing and future business models based on tokens.
View the IWA's Fact Card on the TTF here.
Another strength of the TTF and its tooling is that it is a great resource to use when teaching about tokenization. For non-technical individuals, it is often easier to understand how a token is structured and what it is capable of doing by seeing a visual representation.
Additionally, having a common language framework for discussing tokens makes it easier to bridge the gap between the more technical and the more business-minded individuals.
