Short for Ethereum Request for Comment, ERC provides application-level standards for the Ethereum blockchain. ERC-884 allows companies specifically registered in Delaware, which can conduct business in any state, to utilise blockchain technology. This enables them to create ERC-20 tokens, which can represent a numberless share issued by a Delaware corporation. By issuing an ERC-884 token, companies can raise funds via an initial public offering (IPO) or a private equity sale.
ERC-884 differs from other token standards, which must comply with a number of regulations. For instance, token owners must have their identity verified, and ERC-884 requires a whitelisting for all token owners.
Additionally, the corporation must be able to compile a list of all of its shareholders and record all transfers of shares, and tokens must have total value; no partial value is accepted. Shareholders who have lost their tokens or private keys must find a way to transfer them to a new address.
