Why standardization is so important for Blockchain technology?

Tozex
1 min readAug 9, 2019

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Some may get scared be the word “standard”, as it seems like new technologies are incompatible with any kind of standards. Actually, this opinion is far from being true — and standardization is rather a blessing that a curse.

Standardization is the process of development and implementation of technical standards. Standards are used in all aspects of our daily lives: transport, communications, energy, finance, media, healthcare, food and so on.

In a global connected world, the need for international standardization is increasingly important. International standards provide safety and reliability (users perceive standardized products and services as more dependable). Furthermore, legislation frequently referred to international standards for protecting user and business interests. Then, standards provide interoperability which allows devices functioning together.

International Standards help to support innovation and contribute to the development of a worldwide industry. Global system mobile communication technology (GSM, 4G, etc.) is one of few examples which reveals the power of standardization. The use of the same standards rendered possible the world wide deployment of these technologies and as a result, everybody can communicate and use familiar services in every part of the planet.

How do we apply that in at Tozex? Find it out at https://tozex.io

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Tozex
Tozex

Written by Tozex

Tozex is a non-custodian tokenization platform proposing 4 services: Launchpad, NFT Marketplace, Token Bridge & Multisignature Vault.

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