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EIP-2019: Fundable Token #2105

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daniel-iobuilders opened this issue Jun 6, 2019 · 0 comments
Open

EIP-2019: Fundable Token #2105

daniel-iobuilders opened this issue Jun 6, 2019 · 0 comments

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@daniel-iobuilders
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@daniel-iobuilders daniel-iobuilders commented Jun 6, 2019

An extension to the ERC-20 standard token that allows Token wallet owners to request a wallet to be funded, by calling the smart contract and attaching a fund instruction string.

Nowadays most of the token issuing/funding request, based on any fiat based payment method need a previous centralized transaction, to be able to get the desired tokens issued on requester's wallet.
In the aim of trying to bring all the needed steps into decentralization, exposing all the needed steps of token lifecycle and payment transactions, a funding request can allow wallet owner to initiate the funding request via blockchain.
Key benefits:

  • Funding and payment traceability is enhanced bringing the initation into the ledger. All payment stats can be stored on chain.
  • Almost all money/token lifecycle is covered via a decentralized approach, complemented with private communications which is common use in the ecosystem.

The corresponding PR can be found here: #2019

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