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The Token Taxonomy Framework bridges the gap between blockchain developers, line of business executives and legal/regulators allowing them to work together to model existing and define new business models and networks based on tokens. The blockchain space alone makes it difficult to establish common ground, but when adding tokens to the mix they find themselves speaking completely different languages.

The TTF is a Composition Framework. You can use the framework to decompose existing Tokens to identify its parts and if they don't exist in the TTF, you add them. You also use the TTF to define a new token by building as much of the token from the parts that are in the TTF and if you find something missing or could be improved, you add or update it. The more times this process is done makes the TTF better. The more industries and organizations use the TTF it becomes cross industry allowing tokens to be designed to work together. Like Insurance and Finance for documents tokens like a Title or Invoice."