A new specification to allow businesses to create blockchain-based tokens for international trade and finance has been published & and businesses have already tested digital money based on it for cross border payments and settlement.The Token Taxonomy Framework v1.0 (TTF) was developed by more than two dozen businesses and overseen by the Enterprise Ethereum Alliance (EEA).
Its goal: give businesses and developers access to a set of reusable, cross-industry components to create usable tokens.