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ATLANT’s Proposed Base Security Token Standard (ERC-1462) Accepted as Draft by Ethereum ContributorsThe ERC-1462 Security Token standard, proposed by ATLANT to be used for tokenizing real estate properties, has passed the initial review phase as an Ethereum Improvement Proposal (EIP).
Ethereum Improvement Proposals (EIPs) describe standards for the Ethereum platform, including core protocol specifications, client APIs, and contract standards.
For details, please visit the EIP-1462 overview for ATLANT’s proposed security token standard in the EIPS section of the Ethereum.org website
ATLANT’s MotivationThere are several security token standards that have been proposed recently, however the ATLANT team has concerns about each of them, mostly because the scope of each of these EIPs contains many project-specific or market-specific details. Since many EIPs are coming from the respective backing companies, they capture many niche requirements that are excessive for a general case. The explanation with examples and case studies are available in the original draft of this standard.
What ATLANT proposes in this EIP is a simple and very modular solution for creating a base security token for the widest possible scope of applications, so it can be used by other issuers to build upon. Other issuers will be able to add more restrictions and policies to the token, using the proposed functions and implementation, but they will not be limited in any way while using this ERC.
This focus and pragmatic approach has allowed ATLANT to create a clear and concise general security token specification. Due to this approach, ATLANT’s proposed ERC-1462 draft has now become the first merged standard draft addressing the general case of Security Token utilization on the Ethereum blockchain. We are continuing to collect feedback from the community, as well as developing our own products that will leverage ERC-1462, soon.
Please click this link to review the original ATLANT article on the Base Security Token proposal.
https://blog.atlant.io/atlant-proposes-new-security-token-standard-76cf3e4aeb47ABOUT ATLANTATLANT is a revolutionary global real estate platform enabling tokenization of real estate ownership and P2P rentals. The rapidly growing ATLANT team is both distributed and global. For additional details please visit
https://atlant.io"
Source :
https://blog.atlant.io/atlants-proposed-base-security-token-standard-erc-1462-accepted-as-draft-by-ethereum-980a30b901bc
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