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Update pronouns #2102

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Jun 6, 2019
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Update pronouns #2102

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4 changes: 2 additions & 2 deletions EIPS/eip-1261.md
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Expand Up @@ -25,7 +25,7 @@ We considered use cases of MVTs being assigned to individuals which are non-tran
- Investor permissioning: Making regulatory compliance a simple on chain process. Tokenization of securities, that are streamlined to flow only to accredited addresses, tracing and certifying on chain addresses for AML purposes.
- Software licencing: Software companies like game developers can use the protocol to authorize certain hardware units(consoles) to download and use specific software(games)

In general, an individual can have different memberships in his day to day life. The protocol allows for the creation of software that puts everything all at one place. His identity can be verified instantly. Imagine a world where you don't need to carry a wallet full of identity cards (Passport, gym membership, SSN, Company ID etc) and organizations can easily keep track of all its members. Organizations can easily identify and disallow fake identities.
In general, an individual can have different memberships in their day to day life. The protocol allows for the creation of software that puts everything all at one place. Their identity can be verified instantly. Imagine a world where you don't need to carry a wallet full of identity cards (Passport, gym membership, SSN, Company ID etc) and organizations can easily keep track of all its members. Organizations can easily identify and disallow fake identities.

Attributes are a huge part of ERC-1261 which help to store identifiable information regarding its members. Polls can make use of attributes to calculate the voterbase.
E.g: Users should belong to USA entity and not belong to Washington state attribute to be a part of a poll.
Expand All @@ -43,7 +43,7 @@ Because a person is not necessitated to have EXACTLY one of the elements. He or

## Motivation

A standard interface allows any user,applications to work with any MVT on Ethereum. We provide for simple ERC-1261 smart contracts. Additional applications are discussed below.
A standard interface allows any user, applications to work with any MVT on Ethereum. We provide for simple ERC-1261 smart contracts. Additional applications are discussed below.

This standard is inspired from the fact that voting on the blockchain is done with token balance weights. This has been greatly detrimental to the formation of flexible governance systems on the blockchain, despite the tremendous governance potential that blockchains offer. The idea was to create a permissioning system that allows organizations to vet people once into the organization on the blockchain, and then gain immense flexibility in the kind of governance that can be carried out.

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