Syscoin Foundation became a member of the International Token Standardization Association (ITSA) e.V.
About Syscoin Foundation
Officially founded on December 11th, 2018, the Syscoin Foundation is a non-profit organization that represents the core development team, secures the code repositories and oversees public relations for the protocol. Its goal is to expedite the global adoption of blockchain technology by championing the unique decentralization features offered by the Syscoin Platform.
The International Token Standardization Association (ITSA) e.V. is a not for profit association of German law that aims at promoting the development and implementation of comprehensive market standards for the identification, classification and analysis of DLT- and blockchain-based cryptographic tokens.
So far various reputable organizations have already committed to join ITSA as associated founding members, reaching from corporates (e.g. Commerzbank’s Main Incubator, Bank Frick, MME, Börse Stuttgart) over associations (e.g. Bundesverband deutscher Banken, the German Investment Funds Association BVI), startups (e.g. Cashlink, solarisBank, CryptoTax, and Ambrosus) and universities (e.g. Frankfurt School of Finance and Management, University of Mainz, TU Munich, Hasso Plattner Institute or UCL Centre for Blockchain Technologies in London) to private members (one of the co-creators of the ERC20 standard).