Microsoft (NASDAQ:), IBM (NYSE:), Nasdaq and a number of other technology and financial organizations from around the world recently formed the InterWork Alliance, or IWA. The alliance, which currently consists of 36 members, serves as a non-profit organization dedicated to creating global standards needed to drive tokenized ecosystems.
Microsoft’s principal architect and the IWA chairman, Marley Gray, told Cointelegraph that any expression of value in any vertical or use case can be rendered as a token. Cryptocurrencies, for example, are one of the many types of tokens that can be exchanged across multiple parties, creating a tokenized ecosystem.
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