Charles Hoskinson Digital Asset defi Decentralization Charles Hoskinson

Decentralization index from Cardano builder, U of Edinburgh will help users understand assets

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cointelegraph.com

The University of Edinburgh and Input Output Global (IOG), the builder of the Cardano network, have teamed up to create a blockchain decentralization index, IOG announced on 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 (EDI) has been in development for several months and was introduced in Edinburgh on Nov.

18, but it is not yet operational, according to IOG:When launched, the EDI will provide live tracking of assets “underpinned by a continuously calculated and reviewed methodology.”Related: Blockchain firms fund university research hubs to advance growthThere 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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