The London-based Z/Yen Group research center published a manifesto calling for the new standards for the ICOs.
The authors of the manifesto note that the blockhain technology risks to earn a bad reputation because of the chaos that prevails in the market of cryptocurrencies and ICO.
Where is the new technology that has not been decried as dangerous by its incumbent opponents? The great potential of this technology risks being put back significantly, denying benefits to billions, if significantly tainted with incompetent delivery or fraudulent schemes. In that eventuality, rightly, expect regulators, the judiciary, legislators, and the public to bear down on the use of smart ledgers.
The London Token Fundraising Manifesto
The document proposes to establish new ethical standards for ICO start-ups and bring to the fore autonomy, transparency, honesty and fairness.
The manifesto was signed by more than 30 representatives of the British cryptocoin industry.