For Immediate Release
[Greenwich, CT –January 19, 2021] – Atomyze LLC, (Atomyze) the U.S. branch of a global fintech platform that will digitize and modernize markets for commodities and physical assets, today announced that it has joined the InterWork Alliance (IWA), a platform-neutral, non-profit organization dedicated to creating the standards frameworks needed to increase innovation across token-enabled ecosystems.
As a member of the IWA, Atomyze will collaborate with the organization’s global member-base to set the standards for building distributed applications, including appropriate frameworks for tokenizing items of value, writing contracts over those tokens, and privacy-preserving analytics of multi-party data. Atomyze’s experts are developing a secure marketplace powered by tokenization and blockchain that will connect investors, physical asset issuers, and commercial providers.
“We are excited to join the IWA and tap into their resources and frameworks to help standardize the value of a token and how it can be exchanged on the Atomyze marketplace,” said Jeanine Hightower-Sellitto, CEO of Atomyze. “Our platform is underpinned by blockchain technology and our marketplace will enable tokenization of physical assets for both our investors and physical asset providers. The focus areas of the Alliance will be of value to our business as we build out our product roadmap and ready for our launch later this year.”
IWA frameworks will enable businesses to create standardized token definitions and contracts in non-technical, business terms, and then turn them over to developers for coding on any platform of choice. The Alliance’s focus areas include:
- The Token Taxonomy Framework: provides a common language and toolset that enables multiple parties to agree on the definition of a token and how its value can be exchanged or used
- The InterWork Framework: allows businesses to compose multi-party contracts from clauses that directly correlate to the token standards, enabling communication protocols to be defined and connected to framework components regardless of the eventual technology deployment
- The Analytics Framework: enables organizations to derive additional business value from a privacy-preserving analysis of multi-party contracts, and shared data schema for value-add AI services and market-driven data reporting
About the InterWork Alliance
The InterWork Alliance (IWA) is a non-profit, member-led organization creating platform-neutral specifications and trusted certification to define how digital token business processes can interwork regardless of location or market segment. By focusing on real-world projects, market requirements, and performance metrics, the IWA will define tokenization and interworking standards to drive business-level interoperability, multi-party interchange, and trust across applications and networks. Our global membership includes leaders, adopters, innovators, developers, and businesses representing the best practices for every use case the token-powered ecosystem has to offer. To join the IWA, please reach out to membership@InterWork.org. To learn more about the IWA, please reach out to info@InterWork.org or visit https://interwork.org/. Follow IWA on Twitter @IntWorkAll; Facebook: InterWorkAll; and LinkedIn: InterWork Alliance
Atomyze LLC is the U.S. branch of a global fintech platform that will digitize and modernize the trading experience for physical assets and commodities by providing investors the ability to directly and safely invest in the actual underlying commodity. Using technology powered by blockchain, Atomyze will enable asset providers to tokenize inventories by transferring physical assets onto a blockchain, investors to buy and sell digitized physical assets, and streamline the management of supply chain contracts between providers and commercial users.