TokenSoft Announces Support for Enterprise Grade Hyperledger Sawtooth

TokenSoft Announces Support for Enterprise Grade Hyperledger Sawtooth

TokenSoft— one of the leading issuance platform in the US— has had a productive year throughout 2018. Their most recent development features support for Hyperledger Sawtooth, an enterprise blockchain platform which has already been adopted by Amazon, Intel, T-Mobile, and Huawei.

What is TokenSoft?

TokenSoft is a token sale platform that provides the tools to operate compliant token sales. With the current security token space clouded with regulatory ambiguity, such services are vital for successful STOs.

The following is a list of the different sales supported by TokenSoft:

  • Rule 506 of Regulation D — the private part of a sale which is usually confined to accredited investors and a $50,000 minimum investment
  • Rule506(c) of Regulation D — the public part of a sale which also requires accredited investors and enables general solicitation, such as the marketing of an offering
  • Regulation S — the international part of a sale, which provides protection for overseas investors
  • Regulation A+ — the public part of a sale which allows for crowdfunding from the general public, without investor accreditation checks. This type of sale requires a review by the SEC prior to launching.

They do all of this through the TokenSoft platform. It features support for Know Your Customer (KYC), Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) checks. It also entails investor accreditation checks which support both fiat and crypto assets, custom legal terms, non-custodial payments, smart contracts, cold-storage multi-sig wallets, and token distribution.

A Brief Synopsis of Tokensoft’s Impressive Timeline

Recently, TokenSoft has made some significant announcements.

In early September of this year, they released news regarding the integration of the Stellar network. Issuers using the TokenSoft platform can now accept payment in Stellar throughout their token sale. They can likewise issue their tokens on the Stellar platform.

Why is this significant? Well, some say Stellar is much better suited for security tokens than Ethereum— a bold claim.

In mid-September, TokenSoft announced a partnership with the Cordite Foundation, which enables TokenSoft clients to issue tokens on R3’s Corda blockchain platform. The benefits include increased transaction speeds, a stable network, and easy-to-use tools.

In late September, the TokenSoft dev team introduced the ERC-1404, a new Ethereum network token standard designed specifically for security tokens.

Their most recent announcement involves an enterprise blockchain which is already being utilized by corporate giants.

Hyperledger Sawtooth’s Contribution to TokenSoft Clientele

According to Mason Borda, TokenSoft’s CEO, there are three primary benefits from teaming up with Hyperledger Sawtooth.

The first revolves around scalability. A considerable worry concerning blockchain networks is their ability to grow in size and to handle additional transactions while maintaining top level performance. Sawtooth’s Proof of Elapsed Time (PoET) consensus mechanism allows for up to 1300 transactions per second. Such a rate will appeal to large enterprises who have a need to process significant amounts of data.

The second benefit is Sawtooth’s compatibility for Ethereum’s services. From smart contracts, to ERC-20 token standards, to a developer interface built for Ethereum software tools, Sawtooth has made a significant investment in the Ethereum network.

The third entails Sawtooth’s flexibility for the creation of smart contracts. These can be written in various languages, to include Javascript, Python, and Go. Developers can therefore work in whichever language they are most comfortable with.

All-in-all, TokenSoft has wasted no time in actively trying to build a premier token issuance platform, which appeals to numerous clients and their many needs. With this most recent announcement, they appeal to customers who seek enterprise grade compliance. It will be interesting to see the role they’ll fill as the promising future of security tokens moves closer to a state of actuality.

What do you think of the recent announcement by TokenSoft? Will their proactive approach to various client needs cement them at the forefront of token issuance? We’d love to know what you think in the comments below.

Image courtesy of Medium.