'What we’re currently missing is universally accepted industry standards which define to what extent projects are decentralized,' said Charles Hoskinson.
The University of Edinburgh and Input Output Global , the builder of the Cardano network, have teamed up to create a blockchain decentralization index, IOGon its blog. The new service is the first of its kind and will use a “research-based” methodology developed at the university.
The Edinburgh Decentralization Index has been in development for several months and was introduced in Edinburgh on Nov. 18, but it is not yet operational,“The first step for the tracker is the creation of research papers detailing decentralization metrics and a considered methodology for compiling them into an index, created by researchers at the University of Edinburgh. It will then operate in the same way as other industry indexes.
When launched, the EDI will provide live tracking of assets “underpinned by a continuously calculated and reviewed methodology.”There are currently no standards for the decentralization of digital assets. “What we’re currently missing is universally accepted industry standards which define to what extent projects are decentralized. The EDI will allow us to ensure that users have full transparency around what they are participating in,” IOG CEO Charles Hoskinson said in the blog post.
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